(Reuters) – Houthi fighters were pushing to seize strategic heights in Yemen on Monday to cut off the Red Sea coast from remaining areas held by Saudi-backed forces, after a report that President Donald Trump had called off US strikes on the group at the last minute. A lightning advance by the Iran-backed group this …
(Reuters) – A new shuttling system is reshaping the Middle East oil market, as producers seek to keep exports flowing despite the escalating regional conflict. The question now is whether this complex, expensive process is a stopgap measure or the global energy market’s new normal. Several miles off Oman’s coast, south of the Strait of …
Hormuz Shuttles Keep Oil Flowing, But at a High Cost: Bousso Read More »
(Reuters) – Partners in the Shell-led LNG Canada export project could reach a final investment decision on its Phase 2 expansion as early as next month, three people familiar with the matter told Reuters. The expansion would add a further 14 million metric tons per annum (mtpa) of liquefied natural gas export capacity to the …
ENERGY NORTH: Shell-Led LNG Canada Could Approve Phase 2 Expansion By Early October Read More »
Summary North American diesel storage available for lease hits four-year high in October, The Tank Tiger says US diesel stocks lowest for this time of year on record, EIA says EIA forecasts US distillate inventories below 100 million barrels in September through end-2026 (Reuters) – A global diesel shortage fueled by wars in Iran and …
Global Diesel Shortage Likely to Last into 2027 as Storage Tanks Drain Read More »
EnergyNow Media Allison Minor says attacks on Saudi energy infrastructure, disrupted shipping routes and the Trump administration’s reluctance to intervene are creating continued upside risk for oil prices. Global oil prices are unlikely to decline significantly in the coming months as escalating Houthi attacks threaten Saudi Arabia’s energy infrastructure and critical Red Sea export routes, …
EnergyNow Special Report Canada brings an enormous low-cost resource base, while the United States provides market scale, infrastructure and access to growing demand. Canada and the United States operate two of the world’s largest and most technologically advanced natural gas industries. They compete for investment and customers, but they also function as parts of a …
Iran warned on Sunday against any big new attack by the United States and its allies, saying it had information such a move was being prepared, adding to the anxiety in a region already on edge after drone and missile strikes on Saudi Arabia. Iran’s military central command said on state media that any new …
Iran Warns Against New Escalation by US and Allies Read More »
Two people died in Ukrainian drone attacks in the Moscow region and an oil refinery in Russia’s capital was hit, authorities said on Sunday, as Russia enters the final day of parliamentary elections. Ukraine and Russia have continued attacks on each other’s energy infrastructure despite an announcement by US President Donald Trump on Monday …
Two Dead in Moscow Region, Drones Hit Oil Refinery in Russian Capital Read More »
Iran will not reopen the Strait of Hormuz until its conditions are satisfied and the United States fulfils commitments under an earlier interim agreement, Iranian Parliament Speaker Mohammad Baqer Qalibaf said Sunday. Qalibaf’s comments, reported by Iran’s semi-official Fars news agency, reinforce Tehran’s determination to use control of the strategic waterway as leverage in its …
IRAN IN CONTROL: Iran Says Strait of Hormuz Will Remain Closed Until Conditions Are Met Read More »
Summary Washington and Bejing discuss cutting China’s LNG tariffs Potential $30 billion reciprocal tariff cuts Xi visit could bring broader energy and agricultural deals Sept 18 (Reuters) – The US and China are discussing a plan to reduce or eliminate China’s tariffs on American LNG as part of a broader package of energy and agriculture …
US, China Discuss Cutting Tariffs on US LNG Ahead of Xi Visit Read More »
