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By Jesus Calero and Gus Trompiz Threat of mines not fully understood, US Navy advisory warns Norway shippers also flag uncertainty over mines UN’s IMO says currently verifying details A group of ships tests Hormuz exit PARIS, April 17 (Reuters) – A group of ships made an unsuccessful attempt to exit the Gulf on Friday …
Ships Test Strait of Hormuz After Opening, Seek Assurances on Safety Read More »
(Reuters) – Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran’s foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world’s most traded commodity ahead of major announcements in the course of the Middle East war. Large, well-timed …
Traders Place $760 Million Bet on Falling Oil Ahead of Hormuz Announcement Read More »
(Reuters) – The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of the crisis will be felt for months and even years to come, according to analysts and Reuters calculations. Iranian Foreign Minister Abbas Araqchi said …
How 50 Days of the Iran War Led to the Loss of $50 Billion Worth of Oil Read More »
(Reuters) – Iran’s foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon. Here are some quotes from the shipping industry and world leaders on the Iranian declaration. SHIPPING INDUSTRY: KNUT ARILD HAREIDE, CEO OF THE …
Reactions of Industry and Leaders to Iran Saying Hormuz is Open Read More »
April 17 (Reuters) – Slovakia will file a lawsuit in the coming days challenging the European Union’s decision to ban Russian gas imports, adopted by a qualified majority, and will seek a preliminary injunction, Prime Minister Robert Fico said on Friday. The suit will be filed with the EU’s Court of Justice, Fico said, criticising …
Slovakia to File Lawsuit Over EU’s Russian Gas Ban, PM Says Read More »
By Shadia Nasralla, Stephanie Kelly and Dmitry Zhdannikov Europe’s top-three majors made billions trading in Q1, sources say BP flags ‘exceptional’ trading results Shell, TotalEnergies also report strong trading results Chevron, Exxon fail to capitalise on crisis, shares trail LONDON, April 17 (Reuters) – The trading desks of Europe’s top three oil majors have reaped …
European Oil Majors Outshine US Rivals With Iran War Trading Bonanza Read More »
Takeaways by Bloomberg AI A record wave of new liquefied natural gas supply was meant to usher in a prolonged period of lower prices, but the war in the Middle East has caused the world’s worst-ever energy crisis and sent prices higher. The near-closure of the Strait of Hormuz and damage to Qatar’s LNG export plant …
Iran War Pushes Asia to Think Twice Before Doubling Down on LNG Read More »
It could take up to two years to recover a significant share of oil and gas production that has disrupted by the Iran war, Fatih Birol, executive director of the International Energy Agency, said. The recovery will be gradual as damage from the conflict has affected oil fields, refineries and pipelines across the Persian Gulf, …
Oil, Gas Recovery May Take Two Years After War, IEA’s Birol Says Read More »
The formation in BC and Alberta is a giant for gas and liquids By Don MacLachlan By Resource Works More News and Views From Resource Works Here No wonder that our Resource Works founder and CEO, Stewart Muir, called the Montney natural-gas reserves in Canada “British Columbia’s economic crown jewel.” The Montney Formation in BC …
(Reuters) – China continued to build the world’s largest stockpile of crude oil in March even as the rest of the world started to draw on inventories to compensate for the loss of millions of barrels from the effective closure of the Strait of Hormuz. China, the world’s biggest crude importer, had surplus oil of …
China Added More Crude to its Massive Stockpile in March, But Outlook Shifts: Russell Read More »
