By Nora Buli Europe’s gas storage at 5-year low Refilling will require extra 180 LNG cargoes y/y Iran conflict cuts supply, lift prices European benchmark gas at highest since early 2023 OSLO, March 5 (Reuters) – Europe’s already huge task of refilling gas storage for next winter has suddenly become far riskier and far more …
Europe Faces Gas Storage Scramble as Iran Conflict Tightens Supply Read More »
(Reuters) – India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East, as New Delhi seeks to shield buyers from potential supply disruptions caused by the crisis in the Gulf, a government official said on Thursday. “So far we are comfortable,” the official, who did …
India Seeks US Marine Cover for Middle East Energy Cargoes, Source Says Read More »
Reuters Average U.S. retail diesel prices surpassed $4 a gallon for the first time in nearly two years on Wednesday and are set to rise further later in the week as the U.S.-Israel conflict with Iran dragged on, threatening to hit consumers with sticker shocks on everything from food to furniture. Prices for diesel, used …
US Diesel Hits $4 Per Gallon as Fuel Costs Rise Amid Escalating Middle East Conflict Read More »
Prices for heavy crude produced in the Americas surged to multi-year highs on Wednesday, as the U.S.-Israeli attacks on Iran stymied exports of similar oil produced in the Middle East. Benchmark crude oil prices have surged since the initial attacks last week, with Brent crude at its highest levels since January 2025. Iran has threatened …
Americas Heavy Crude Prices Hit Multi-Year Highs as Iran Conflict Disrupts Oil Markets Read More »
(Reuters) – Oil and gas drillers failed to show up at the Trump administration’s sale of more than 1 million acres (404,686 hectares) in Alaska’s Cook Inlet on Wednesday, declining to submit even a single bid. The sale was the first of six Alaska offshore oil and gas auctions mandated through 2032 by U.S. President …
NO TAKERS: Oil Companies Shun Trump Administration’s Alaska Offshore Auction Read More »
(Reuters) – Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade amid escalating fighting in the Middle East, as attacks in the region threaten energy shipments through the Strait of Hormuz. The waterway, a critical chokepoint between Iran and Oman, carries about a fifth …
Insurance Broker Marsh Meets US Officials on Restoring Gulf Maritime Trade Amid Iran War Read More »
(Reuters) – Oil and gas drillers failed to show up at the Trump administration’s sale of more than 1 million acres (404,686 hectares) in Alaska’s Cook Inlet on Wednesday, declining to submit even a single bid. The sale was the first of six Alaska offshore oil and gas auctions mandated through 2032 by U.S. President …
Oil Companies Shun Trump Administration’s Alaska Offshore Auction Read More »
(Reuters) – Russian President Vladimir Putin suggested on Wednesday that Russia could stop supplying gas to European markets now and move to more promising markets. The European Commission will submit a legal proposal to permanently ban Russian oil imports on April 15, three days after Hungary’s parliamentary election, according to EU officials and a document …
Putin Suggests Russia Could Stop Supplying Gas to European Markets Now Read More »
(Reuters) – Qatar will fully shut down gas liquefaction on Wednesday and won’t be able to return to normal production and export levels of super-chilled gas for at least a month, two sources familiar with the matter said. Qatar Energy, which stopped producing gas this week and declared force majeure on exports on Wednesday, did …
Qatar Shuts Gas Liquefaction, Will Take Weeks to Restart, Sources Say Read More »
(Reuters) – U.S. crude stocks rose to their highest level since May 2025 last week, the Energy Information Administration said on Wednesday, as exports and imports declined. Crude inventories rose by 3.5 million barrels to 439.3 million barrels in the week ended February 27, the EIA said, compared with analysts’ expectations in a Reuters poll …
US Crude Stocks Climb to Near 1-Year High as Exports and Imports Fall, EIA Says Read More »
