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US Tracking Closely How to Get Oil Tankers Through Strait of Hormuz, White House Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – White House press secretary Karoline Leavitt on Wednesday said the United States is tracking “very closely” how to get oil tankers through the Strait of Hormuz. “As far as tankers through the Strait, it’s something we’re tracking very closely,” Leavitt told reporters about the key shipping lane near Iran. However, the press secretary …

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Iran Threatens Attack on Regional Country if Iranian Island Occupied

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(Reuters) – Iran’s parliament speaker, Mohammad Baqer Qalibaf, said on Wednesday that intelligence suggests “enemies” are planning to occupy an Iranian island with support from a regional country which he did not name. “Iranian forces are monitoring enemy movements and if they take any step, we will attack vital infrastructure in that regional country in …

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Venezuela Oil Production Has Reached 1.1 mln bpd in March

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(Reuters) – Venezuela’s oil production, including condensate and gas liquids, has reached 1.1 mln barrels per day in March, a government presentation citing figures from state oil company PDVSA showed on Wednesday. The figure was an increase from January, when production was 942,000 bpd, the presentation, shared by acting President Delcy Rodriguez during a virtual …

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Here’s a List of Gulf Energy Infrastructure Damaged in Iran War

CDN and International News, Conventional Energy, Latest, Natural Gas, Nuclear, Oil / By

By Dylan Griffiths Fire and plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates on March 14. Photographer: Altaf Qadri/AP Photo Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes, with the Iran war now well into its fourth week. …

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Gas, Not Oil, Is Where US Energy Dominance Matters

Conventional Energy, Latest, LNG, Natural Gas, US News / By

By Liam Denning In demand. Photographer: Callaghan O’Hare/Bloomberg The conflict in Iran represents both an expression of US “energy dominance” and a profound test of it. Resurgent domestic oil and gas production promised insulation against the fallout from a new war in the Middle East. The same war is casting doubt on that promise. The …

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Which Firms Will Clean Up After the Iran War is Finally Over?: Maguire

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas, Oil / By

(Reuters) – When the missiles and drones eventually stop flying in the U.S.-Israeli air strikes against Iran, a new contest is likely to get underway: the scramble for contracts to rebuild damaged oil and gas infrastructure and restore shipping lanes – and influence – across the Middle East. The destruction is not confined to Iran. …

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BlackRock CEO Fink Warns of ‘Global Recession’ if Oil Goes to $150, BBC Reports

Conventional Energy, Latest, Oil, US News / By

(Reuters) – BlackRock CEO Larry Fink said oil prices could reach $150 a barrel and cause a “global recession” if Iran “remains a threat” even after the war ends. “If there is a cessation of war, and yet Iran remains a threat, a threat to trade, a threat to the Strait of Hormuz, a threat …

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Western Powers Were Unable to Secure Shipping in the Red Sea. Hormuz Will Be Harder

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(Reuters) – The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against Yemen’s Houthis. The costly Red Sea experience – four ships sunk, more than …

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Gulf War Rattles Petrodollar Foundations: Mike Dolan

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

Reuters Whatever the outcome of the Iran war, one question is already inescapable for the Gulf’s energy-rich economies: is the U.S. security umbrella still worth the price? Since the U.S. and Israel launched strikes on Iran on February 28, it’s been its Gulf neighbours who have suffered most from missiles and drones that followed – …

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Gulf War Rattles Petrodollar Foundations: Mike Dolan

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

Reuters Whatever the outcome of the Iran war, one question is already inescapable for the Gulf’s energy-rich economies: is the U.S. security umbrella still worth the price? Since the U.S. and Israel launched strikes on Iran on February 28, it’s been its Gulf neighbours who have suffered most from missiles and drones that followed – …

Gulf War Rattles Petrodollar Foundations: Mike Dolan Read More »

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