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(Reuters) – Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the U.S.-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in …
Asia Pivots to Coal as Middle East Conflict Chokes LNG Supply Read More »
By Paul Burkhardt, Julian Lee, Anthony Di Paola, and Elena Mazneva The Ras Tanura oil refinery and oil terminal in Saudi Arabia Photographer: Simon Dawson/Bloomberg Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes …
How the Iran War Is Disrupting Global Oil and Gas Supply Read More »
The few vessels making their way through the Strait remain a tiny fraction of the usual flow By Weilun Soon and Alex Longley A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to …
Hormuz Escape Route Suggests Ships Navigate on Iran’s Terms Read More »
By Ron Bousso LONDON, March 17 (Reuters) – Iran’s threat to send oil prices to $200 a barrel may sound like bombast, but as the energy crisis drags on, that outcome looks more likely than U.S. President Donald Trump’s prediction that prices will soon fall back to pre-war levels. Now in its third week, the …
COMMENTARY: Iran’s $200 Oil Threat Isn’t That Far-Fetched Read More »
By Florence Tan, Siyi Liu and Nidhi Verma Platts Dubai crude price hit record $157.66/bbl, surpass Brent’s 2008 high Dubai’s premium jumps to $60.82/bbl; Oman’s premium near $56 Record premiums stall trade, prices distorted, traders say SINGAPORE/NEW DELHI, March 16 (Reuters) – Middle East crude oil benchmarks soared to all-time highs, becoming the most expensive …
Middle East Oil Becomes Most Expensive in the World as War Cuts Supply Read More »
By Clyde Russell LAUNCESTON, Australia, March 17 (Reuters) – China continued to boost its crude oil inventories in the first two months of the year as strong imports and domestic output exceeded an increase in refinery production. China’s surplus of crude oil was 1.24 million barrels per day (bpd) in the January-February period, according to …
COMMENTARY: China Boosted Crude Stockpiles at Start of 2026, But is Not Using Them Read More »
March 17 (Reuters) – Oil loading at the United Arab Emirates port of Fujairah was at least partly halted on Tuesday after a third attack in four days caused a fire at the export terminal, while operations at the Shah gas field remained suspended after an earlier attack. The cascading disruptions threaten to completely …
Attacks on UAE’s Fujairah Port and Shah Gas Field Add to Energy Disruption Read More »
(Reuters) – Authorities in Abu Dhabi on Monday were dealing with a fire at the Shah oil and gas field caused by a drone attack and said that no injuries had been reported so far, the Abu Dhabi media office reported. The Shah field is one of the world’s largest of its kind and is …
Fire at Abu Dhabi Shah Oil Field Caused by Drone Attack, Abu Dhabi Media Office Says Read More »
(Reuters) – European Union foreign ministers showed “no appetite” to expand an EU naval mission in the Middle East to the Strait of Hormuz for the time being, EU foreign policy chief Kaja Kallas said on Monday. U.S. President Donald Trump has called on other nations to help police the strait after Iran responded to …
EU Has ‘No Appetite’ to Expand Mideast Naval Mission to Strait of Hormuz, Kallas Says Read More »
(Reuters) – U.S. President Donald Trump said on Monday that it was unclear whether new Iranian leader Ayatollah Mojtaba Khamenei was still alive, given reports he had been injured in an air strike. “We don’t know… if he’s dead or not. I will say that nobody has seen him, which is unusual,” he said during …
Trump on Iran: We Don’t Know if New Leader is Still Alive Read More »
