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Deal, Delay or Strike? Investors on Edge as Trump’s Iran Deadline Nears

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

(Reuters) – Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S. President Donald Trump for Iran, with investors weighing various outcomes ranging from a ceasefire to renewed military escalation and their implications for oil, currencies and risky assets. Iran showed no sign of agreeing to Trump’s demand that …

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Heads of IEA, IMF, World Bank to Meet Next Monday to Discuss Energy Crisis

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(Reuters) – The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. “This energy crisis calls for all hands on deck & international cooperation,” Birol said on social media platform …

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Governments Worldwide Shield Households From Rising Energy Costs

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April 7 – Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. Here’s how different countries are responding: INDIA India will review its fuel exports if needed to ensure availability in the local markets, a government official said. India is assessing fuel-supply requests from its neighbours …

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Russia’s Major NORSI Oil Refinery Halted Operations After Sunday Drone Attack, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

MOSCOW, April 7 (Reuters) – NORSI, Russia’s fourth-largest oil refinery, suspended operations on April 5 following a Ukrainian ​drone attack, two industry sources said ‌on Tuesday. The temporary closure of the refinery will add further uncertainty to Russia’s energy sector, which has been ​hit by continuous Ukrainian attacks, including ​those hitting its major oil exporting …

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IEA Chief: Current Oil and Gas Crisis Worse Than 1973, 1979, 2022 Together

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PARIS, April 7 (Reuters) – The current oil and ‌gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, ​1979 and 2022 together”, Fatih Birol, the ​head of the International Energy Agency (IEA), told ⁠Le Figaro newspaper. “The world has never experienced ​a disruption to energy …

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It’s Time to End the World’s Delusions Over the Iran Energy Crisis: Russell

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By Clyde Russell (Reuters) – LAUNCESTON, Australia, April 7 – The U.S. and Israeli war against Iran has been characterised by a series of miscalculations by most of the involved and peripheral parties, but the real danger is the delusion over the scale of the resulting energy crisis. It is delusional of any nation to …

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Venezuela’s Government, Opposition May Cooperate to Safeguard US Assets

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By Luc Cohen Government and opposition request 45-day pause in US asset seizure case Venezuela seeks to protect assets like Citgo from creditors Judge requests update on legal representation for Venezuela ​by May 21 NEW YORK, April 6 (Reuters) – Venezuela’s government and its political ‌opposition are seeking to coordinate their legal defense of the …

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Iraq Could Restore Oil Exports to Pre-War Level Within a Week if Hormuz Reopens, Basra Oil Chief Says

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By Aref Mohammed Iraq has had to reduce oil production by around 80% Storage has filled up as Strait of Hormuz closure prevented exports Iraq produces more oil than it exports, giving it scope to increase exports even if some capacity damaged BASRA, Iraq, April 6 – Iraq could restore crude oil exports to around …

Iraq Could Restore Oil Exports to Pre-War Level Within a Week if Hormuz Reopens, Basra Oil Chief Says Read More »

Bridger’s Canada‑Wyoming Crude Line Seen Costing $2 Billion, Topping 1 Million bpd

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

(Reuters) – Bridger Pipeline’s proposed project to transport Canadian crude from the U.S.-Canada border to Wyoming would cost about $2 billion and have the capacity to transport more than 1 million barrels of oil per day, according to new details released by the company. The company first outlined plans in January to the Montana Department …

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Europe Gas Underprices Hormuz Disruption Risk, China Demand Masks Impact, Goldman Says

CDN and International News, Latest, Natural Gas / By

European gas prices may be underestimating the risks from ongoing Liquefied Natural Gas (LNG) supply disruptions through the Strait of Hormuz, with resilient imports and weak Asian demand masking the impact for now, Goldman Sachs said in a note dated April 2. * European natural gas markets are pricing a lower-than-expected risk premium even as …

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