(Reuters) – U.S. Defense Secretary Pete Hegseth said on Thursday that the United States’ objectives in the war against Iran have not changed since strikes started on February 28. The United States has carried out strikes against 7,000 targets inside Iran so far, and hit more than 40 Iranian mine-laying vessels and 11 submarines, according …
US Objectives in Iran Have Not Changed, Hegseth Says Read More »
(Reuters) – European countries scrambled to cushion the impact of soaring oil prices on Thursday after tit-for-tat strikes on Gulf energy plants, including the world’s largest gas plant in Qatar – the most economically significant escalation of the U.S.-Israeli war on Iran. State oil giant QatarEnergy reported “extensive damage” after Iranian missiles hit the Ras …
Europe Scrambles to Limit Effects of Energy Escalation in Iran War Read More »
(Reuters) – Most oil and gas majors operate in the Middle East, where the U.S.-Israeli war on Iran has disrupted shipping and output. Shell’s Pearl plant and Saudi Arabia’s SAMREF refinery were reported damaged, while TotalEnergies said 15% of production is offline. Here are some details on the majors’ production in the region, in alphabetical …
Shell plc, London, March 19, 2026 Qatar Update The safety and security of Shell’s employees and contractors is our highest priority. Shell continues to work closely with local authorities, our partners and customers. LNG production in Qatar has been shut down since early March. During the evening of 18th March, an attack on Ras Laffan Industrial …
(Reuters) – The Saudi port of Yanbu, one of two major remaining export routes for Gulf Arab oil after Iran effectively shut the Strait of Hormuz, has stopped oil loadings, two sources told Reuters on Thursday, after the Saudi defence ministry said it intercepted a ballistic missile over the city. The ministry said earlier that …
Saudi Port of Yanbu Stops Oil Loadings, Two Sources Say Read More »
(Reuters) – A prolonged U.S.-Israeli war with Iran could push buyers to non-Middle East suppliers such as the U.S. and Canada, said a senior executive at Japan’s biggest power generator JERA, as the conflict spreads to energy infrastructure across the region. “With 90 million metric tons from the Middle East absent from the global LNG …
Prolonged Iran Crisis to Push Buyers to Non-Mideast Supply, JERA Executive Says Read More »
Summary Iranian missile attacks cause extensive damage to Qatar’s LNG facilities Trump warns of massive response if Iran attacks Qatari LNG again Fires after drone attacks target Kuwait’s Mina al-Ahmadi, Mina Abdullah refineries Drone falls in Aramco-Exxon SAMREF refinery, missile towards Yanbu intercepted UAE shuts gas facilities after intercepting missiles, no injuries reported (Reuters) – …
Iran Targets Energy Facilities Across Gulf After Israel Struck its Key Gas Installations Read More »
Understanding the relationship between West Texas Intermediate (WTI) and Brent Crude is essential for navigating energy markets. These two benchmarks represent different regions, qualities, and logistical realities, and their price difference—the Brent-WTI spread—serves as a vital indicator of global energy health. Core Differences Between WTI and Brent Geographic Origin: WTI: Primarily sourced from U.S. fields …
The U.S. government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska’s National Petroleum Reserve, attracting $163 million in winning bids from industry players including ExxonMobil, ConocoPhillips, Repsol and Shell. The sale appeared to show pent-up demand from drillers for acreage in the reserve after more than six years without …
By Yomna Ehab and Jaidaa Taha March 18 (Reuters) – Qatar’s state oil giant QatarEnergy said on Wednesday that Iranian missile attacks on Ras Laffan, the site of the country’s core LNG processing operations, caused “extensive damage.” “Emergency response teams were deployed immediately to contain the resulting fires,” the world’s second-largest LNG exporter said in …
QatarEnergy Reports ‘Extensive Damage’ After Missile Attacks on Ras Laffan Read More »
