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EU Member States Must Coordinate on Energy Prices Amid Iran Conflict, von der Leyen Says

CDN and International News, Conventional Energy, Latest, Natural Gas, Oil / By

  (Reuters) – The European Union’s member states must coordinate on energy prices amid a ​22 billion euro ($25.70 billion) increase in fossil fuel ‌bills since the start of the Iran war, EU Commission President Ursula von der Leyen said on Monday. “We’re also looking into … coordination ​of member states’ gas storage filling to …

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Oil Tankers Steer Clear of Hormuz Ahead of US Blockade

CDN and International News, Conventional Energy, Latest, Oil, Pinned Primary / By

Summary US to start blockading vessels later on Monday from reaching Iranian ports Two Pakistani tankers enter the Gulf on Sunday Malta-flagged tanker makes U-turn at Hormuz (Reuters) – Oil tankers are steering clear of the ​Strait of Hormuz ahead of a U.S. blockade later on Monday following failed peace talks ‌between the U.S. and …

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Iran’s Guards Will View Military Vessels Approaching Strait as Ceasefire Breach

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  Iran’s Revolutionary Guards said on Sunday that any military vessels attempting to approach the Strait of Hormuz will be considered a violation of the two-week U.S. ceasefire and be dealt with harshly and decisively. The strait is under the control and ‘smart management’ of Iran’s Navy, the Guards said in a statement reported by …

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Iran Aims to Restore Majority of Refining Capability Within Two Months, Oil Ministry Official Says

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Iran aims to restore majority of refining capability within two months, oil ministry official says Iran expects to restore most damaged refining and distribution facilities to 70–80% of their pre-attack capacity within one to two months, a senior oil official said, as authorities work to recover from a wave of strikes on energy infrastructure. Deputy …

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Saudi Arabia Restores Full Capacity on East-West Oil Pipeline to 7 Million Bpd After Attacks

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Saudi Arabia has restored full oil pumping capacity through the East-West pipelineto about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict. The ministry said energy facilities and the pipeline affected by attacks during the conflict have recovered …

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Iran-Linked Ships Drive Traffic Through Strait of Hormuz– Ship Tracking Data Shows

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(Reuters) – The majority of ships that have sailed through the Strait of Hormuz in the past day were linked to Iran, ship tracking data showed on Friday, with other vessels putting off making voyages despite a two-week ceasefire agreed this week between Tehran and Washington, according to data and shipping sources. Three tankers – …

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Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil

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(Reuters) – U.S. President Donald Trump warned Tehran not to charge tolls on ships crossing the Strait of Hormuz, as a mounting global energy crisis prompted Japan on Friday to announce a further emergency oil release. The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in …

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PREPARING TO LOAD: Middle East Producers Prepare For Oil Export Resumption via Hormuz

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(Reuters) – Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of ​shipping through the Strait of Hormuz, three sources with knowledge of the matter said. A two-week ‌ceasefire deal between the U.S. and Iran announced on Wednesday lifted hopes for …

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Trump Says Iran Should not Charge Fees to Tankers Going Through Strait of Hormuz

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President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. “There are reports that Iran is charging fees to tankers going through the Hormuz Strait,” …

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Attacks Cut Saudi Oil Output and East-West Pipeline Flow, State News Agency Says

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Attacks on Saudi energy facilities have cut the kingdom’s oil production capacity by around 600,000 barrels per day and the throughput on its East-West pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the energy ministry. The attacks, including previous strikes on some facilities, also disrupted …

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