(Reuters) – Russia was forced to reduce oil output in April due to Ukrainian drone attacks on ports and refineries, as well as a halt to crude supplies via the only remaining Russian oil pipeline to Europe, according to five sources and Reuters calculations. In what could be the sharpest monthly decline to Russian output …
Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A U.S. blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the …
Shipping Traffic Through Hormuz Still Largely Halted Read More »
(Reuters) – The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday. “This is indeed the biggest crisis in history,” Birol told France Inter radio in an interview broadcast on Tuesday. “The crisis is …
War in Iran is Causing Biggest Energy Crisis in History, IEA Says Read More »
Halliburton beats profit estimates on oilfield services demand in Latin America, Europe (Reuters) – Halliburton beat Wall Street estimates for first-quarter profit on Tuesday, as steady demand in Latin America and Europe helped offset a slowdown in activity in the Middle East due to the Iran war. Revenue in the U.S. oilfield services provider’s international …
Halliburton Beats Profit Estimates on Oilfield Services Demand in Latin America, Europe Read More »
(Reuters) – U.S. President Donald Trump on Monday dismissed his top energy official’s view that gas prices will not drop until 2027, saying Americans can expect lower costs as soon as the Iran war ends. On Sunday, U.S. Energy Secretary Chris Wright told CNN that while gasoline below $3 a gallon “could happen later this year, that …
Trump Says Energy Chief is ‘Wrong,’ Expects Lower Gas Prices as Soon as Iran War Ends Read More »
(Reuters) – Oil production in North Dakota rose 4,000 barrels-per-day (bpd) to 1,130,000 bpd in February, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,101,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to …
(Reuters) – President Donald Trump invoked the Defense Production Act on Monday to sign a series of energy-related presidential memorandums, the White House announced, as his administration aims to tackle rising fuel prices as a result of U.S. and Israel’s war on Iran. Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas …
Trump Cites Defense Production Act to Sign Energy-Related Memorandums Read More »
AMSTERDAM, April 20 (Reuters) – The Dutch government on Monday estimated that the European Union could supply enough kerosene to the EU’s economy to last about five months, drawing on domestic production and strategic reserves. European airlines have warned of potential jet fuel shortages within weeks as a result of the Iran war. The Dutch …
EU Has Reserves, Production for Five-Months Supply of Jet Fuel, Dutch Government Says Read More »
WASHINGTON, April 20 (Reuters) – U.S. President Donald Trump on Monday dismissed his top energy official’s view that gas prices will not drop until 2027, saying Americans can expect lower costs as soon as the Iran war ends. On Sunday, U.S. Energy Secretary Chris Wright told CNN that while gasoline below $3 a gallon “could …
Trump Says Energy Chief ‘Wrong,’ Expects Lower Gas Prices as Soon as Iran War Ends Read More »
By Joshua Gaunt-Warner The European energy services sector faces a brighter future once the Middle East conflict de-escalates as a result of work that oil producers need to undertake to resolve disruption, according to Barclays Plc analysts. Companies such as Technip Energies SA and Viridien SA are set to see increased demand as countries look …
Energy Services Set to Benefit Once Iran War Ends, Barclays Says Read More »
