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Fate of Iran Peace Talks Uncertain as Deadline Approaches for End of Ceasefire

CDN and International News, Latest / By

(Reuters) – Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran’s ports, a major hurdle for Tehran to rejoin peace efforts. However, the official stressed that no decision had been made. Adding to …

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Iran ‘Positively’ Reviewing US Peace Talks Participation; No Decision Yet, Official Says

Latest, US News / By

(Reuters) – A senior Iranian official said on Monday that Tehran is positively reviewing its participation in potential peace talks with the United States but that no final decision has been made. The Iranian official said positive efforts are underway by mediator Pakistan to end the U.S. blockade and to ensure Iran’s participation in the …

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Kuwait Declares Force Majeure on Oil Shipments Amid Hormuz Blockade, Bloomberg News Reports

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Kuwait has declared force majeure on shipments of crude oil and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering the Persian Gulf, hindering its ability to meet certain customer commitments, Bloomberg News reported on Monday, citing a document. State-run Kuwait Petroleum Corp. notified customers on Friday …

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Phillips 66, Kinder Morgan Move Ahead With New US West Coast Fuel Pipeline

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, Pipelines, US News / By

(Reuters) – Phillips 66 and Kinder Morgan have secured enough long-term shipper commitments to move forward with a proposed pipeline project to supply fuel to Arizona and California, they said on Monday. The Western Gateway Pipeline project comes as companies race to build a major new fuel pipeline to the U.S. West Coast ahead of …

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PERSPECTIVE: Is it Time to Abandon Hope the Strait of Hormuz Will Open Soon?: Russell

Latest, LNG, Natural Gas, Oil, US News / By

A consistent theme in global oil markets since the U.S. and Israel attacked Iran is that the effective closure of the Strait of Hormuz will be short-lived, and therefore so will the disruption to the supply of crude and refined products. That expectation has consistently been reflected in pricing for crude oil futures, which have …

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COMMENTARY: Opening Hormuz is the Easy Part. Restoring Oil Flows Isn’t: Bousso

Conventional Energy, EnergyNow News and Press Releases, Latest, Natural Gas, Oil, US News / By

The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even if the guns fall silent, flows through the narrow waterway will take months – and possibly years – to recover to pre-war levels. Iran said …

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Shipping Traffic Remains at Virtual Standstill Through Hormuz, Data Shows

CDN and International News, Conventional Energy, Latest, Oil, Pinned Primary / By

Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data. The oil products tanker Nero, which is under British sanctions for Russian oil activities, left the Gulf and was sailing through the Strait, according to satellite analysis …

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Trump, Iran Cite Progress in Talks as Uncertainty Hangs Over Strait

Latest, Oil, US News / By

* Tehran says gaps remain over nuclear issues, Strait of Hormuz* Trump cites ‘very good conversations’ * Iran reimposes Strait of Hormuz closure * Shipping remains uncertain after vessels report gunfire By Trevor Hunnicutt, Ariba Shahid and Muhammad Al Gebaly WASHINGTON/ISLAMABAD, April 19 – Iran’s top negotiator said recent talks with the U.S. had made …

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US Lends 26.03 Million Barrels of SPR Oil in Third Batch Since Iran War

Conventional Energy, Latest, Oil, US News / By

The U.S. Department of Energy said on Friday it had loaned26.03 million barrels of crude oil from the Strategic Petroleum Reserve to nine oil companies, the third allotment under the Trump administration’s effort to curb fuel prices that have surged since the U.S.-Israeli war on Iran. The Trump administration agreed in March to release 172 …

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Iraq Says Oil Exports to Resume From All Fields Within Days, State News Agency

CDN and International News, Conventional Energy, Latest, Oil / By

Iraq says oil exports to resume from all fields within days, state news agency Iraq’s oil ministry said oil exports would resume from all fields within the next few days, the Iraqi state news agency INA reported on Saturday. Four energy sources said that Iraq resumed southern oil exports on Friday after a halt of …

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