By Priscila Azevedo Rocha, Sing Yee Ong, and Stephen Stapczynski A tense global hunt for liquefied natural gas sparked by the war in the Middle East is starting to shift physical supply flows, as more shipments bound for Europe are diverting to Asia. At least nine cargoes initially headed to Europe have changed course to …
Global LNG Hunt Intensifies as Middle East War Cuts Supply Read More »
Rail shipments remain an option for transporting more oil By Laura Dhillon Kane and Robert Tuttle Canada is “urgently exploring options” with provinces and the energy industry to boost oil supply, as trade disruptions caused by war in the Middle East spur huge volatility in global crude markets. The country is looking at ways to …
Canada Weighs Options to Boost Oil Supply as Iran War Causes Market Turmoil Read More »
By Kate Abnett and Charlotte Van Campenhout EU drafting proposals to relieve industries from high energy costs Gas price cap divides EU governments, similar to 2022 energy crisis Von der Leyen warns against returning to Russian energy sources BRUSSELS, March 11 (Reuters) – The European Union is considering measures to curb energy prices, including by …
EU Considering Gas Price Cap to Curb Surging Energy Costs Read More »
By Alex Lawler Saudi Arabia increased production as contingency for Iran attack disruption, sources said OPEC says geopolitical developments need close monitoring, no forecast changes yet IEA to update oil forecasts on Thursday LONDON, March 11 (Reuters) – OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and …
OPEC Confirms Big Saudi Oil Production Hike Ahead of Iran War, Holds Forecasts Steady Read More »
By Mike Dolan LONDON, March 11 (Reuters) – U.S. stock market indexes have weathered this month’s oil shock well so far because investors expect only a glancing overall GDP hit from higher energy costs. But that resilience masks a potentially toxic shift of income from households to “Big Energy” – and packs big risks in …
COMMENTARY: The Dangerous Politics of US Oil-Driven Redistribution Read More »
By Ron Bousso LONDON, March 11 (Reuters) – The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years – first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran – undermining U.S. President Donald Trump’s flagship push to double down on …
COMMENTARY: Iran War Shatters Trump’s Case for Fossil Fuels Read More »
Lack of attractive projects for sale keeps deal activity outside the U.S. and Canada at $18B, even as Latin America heats up CALGARY, Alberta (Mar. 11, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released an International M&A Review examining how global resource scarcity is reshaping upstream …
International Upstream M&A Stuck at Historic Low Read More »
Shell, the world’s largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters on Wednesday. Qatar, the world’s second-largest exporter of LNG, announced a production halt at its 77 million tons per annum (mtpa) facility last week and declared …
Shell Declares Force Majeure to Clients Who Buy Qatari LNG Read More »
HOUSTON–(BUSINESS WIRE)–SLB (NYSE: SLB) continues to closely monitor the unfolding situation in the Middle East and adapt its operations. The safety and security of SLB’s employees is the highest priority, and the company has activated local and regional crisis response teams that are meeting daily. Travel to and transit through the region have been suspended, …
SLB Provides Update on Middle East Operations and First Quarter Outlook Read More »
Summary WSJ reports IEA proposed largest-ever release of oil reserves France to host G7 leaders call on Wednesday U.S. crude, gasoline and distillate stocks fell last week March 11 (Reuters) – Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency’s reported plan for a record release of oil reserves could offset …
Oil Shrugs Potential IEA Reserves Release, Gains on Supply Worries Read More »
