By Jennifer A. Dlouhy and Skylar Woodhouse Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies. Bessent’s predictions, delivered Thursday during a meeting of President Donald Trump’s …
Bessent Says Hormuz Ships Insurance Program to Start Soon Read More »
By Riley Griffin and Josh Saul Meta Platforms Inc. is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center, increasing its reliance on fossil fuels amid a fast-moving artificial intelligence race. The company reached a new agreement with Entergy Corp. to build and pay for enough gas …
Meta Funds Seven Gas Plants to Power Biggest Data Center Read More »
By Keira Wright, Paul-Alain Hunt, and Ruth Liao Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar. Karratha, the onshore processing facility that feeds Woodside Energy Group …
LNG Supply Cut Further After Cyclone Hits Australian Plants Read More »
Brent was last near US$110 a barrel on Friday, after touching a crisis-high of US$119.50 earlier this month By Rong Wei Neo Oil may hit a record US$200 a barrel if the Iran war drags on till June, with the Strait of Hormuz staying shut, Macquarie Group Ltd. said. A conflict that stretches through the …
Brace for US$200 Oil if Iran War Lasts Until June, Macquarie Warns Read More »
By Jan Strupczewski EU finance ministers aim to prevent market fragmentation with any energy price support EU Commission warns any response must be targeted, temporary and fiscally limited EU proposes support for vulnerable households to avoid inefficiencies BRUSSELS, March 27 (Reuters) – European Union finance ministers will seek to coordinate on Friday their response to …
EU Ministers Seek United Strategy on Energy Price Crisis Read More »
March 27 (Reuters) – Cuban officials have petitioned the Vatican to help persuade the administration of U.S. President Donald Trump to ease its oil embargo in senior-level meetings with Vatican officials including Pope Leo, the Washington Post reported on Friday, citing people familiar with the matter. Reuters could not immediately verify the report. The Vatican …
Cuba Looks to Vatican for Help to Ease US Oil Embargo, Washington Post Reports Read More »
By Florence Tan and Yuka Obayashi SINGAPORE, March 27 (Reuters) – Asian refiners are beginning to switch to pricing U.S. crude oil purchases against global benchmark ICE Brent instead of Dubai after the Middle East marker spiked to record levels this month, three refining and trade sources said on Friday. The move could reduce liquidity …
Asian Refiners Switch From Dubai to Brent to Price US Crude, Sources Say Read More »
By Sheila Dang, Stephanie Kelly and Amanda Stephenson Oil prices surge due to Iran conflict, boosting profits Analysts revise Chevron, Shell earnings estimates upwards Middle East disruptions may hurt oilfield-service companies HOUSTON, March 26 (Reuters) – As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the …
Big Oil to Reap Billions From Iran War Windfall After a Month of Soaring Energy Prices Read More »
By Amanda Cooper and Robert Harvey Options market shows bets on $150 oil by end-April rising Open interest in $150 calls nearly 10 times larger than last month Oil is trapped in Gulf following U.S.-Israel conflict with Iran Brent crude set all-time high of $147 in 2008 LONDON, March 26 (Reuters) – Traders are piling …
With Hormuz Still Shut, Options Market Signals Rising Risk of $150 Oil Read More »
By Forrest Crellin and Shadia Nasralla PARIS, March 26 (Reuters) – TotalEnergies’ (TTEF.PA) CEO Patrick Pouyanne said on Thursday that the company made a decision not to declare force majeure to any of its liquefied natural gas customers, and that it would respect all the LNG contracts in terms of price and volume. Qatar, the …
TotalEnergies to Honour All LNG Contracts Despite Qatar Outages Read More »
