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Rail shipments remain an option for transporting more oil By Laura Dhillon Kane and Robert Tuttle Canada is “urgently exploring options” with provinces and the energy industry to boost oil supply, as trade disruptions caused by war in the Middle East spur huge volatility in global crude markets. The country is looking at ways to …
Canada Weighs Options to Boost Oil Supply as Iran War Causes Market Turmoil Read More »
By Kate Abnett and Charlotte Van Campenhout EU drafting proposals to relieve industries from high energy costs Gas price cap divides EU governments, similar to 2022 energy crisis Von der Leyen warns against returning to Russian energy sources BRUSSELS, March 11 (Reuters) – The European Union is considering measures to curb energy prices, including by …
EU Considering Gas Price Cap to Curb Surging Energy Costs Read More »
By Alex Lawler Saudi Arabia increased production as contingency for Iran attack disruption, sources said OPEC says geopolitical developments need close monitoring, no forecast changes yet IEA to update oil forecasts on Thursday LONDON, March 11 (Reuters) – OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and …
OPEC Confirms Big Saudi Oil Production Hike Ahead of Iran War, Holds Forecasts Steady Read More »
Shell, the world’s largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters on Wednesday. Qatar, the world’s second-largest exporter of LNG, announced a production halt at its 77 million tons per annum (mtpa) facility last week and declared …
Shell Declares Force Majeure to Clients Who Buy Qatari LNG Read More »
(Reuters) – LNG Canada, a Shell-led venture, has ramped up production and exports to Asia this month, LSEG data show, as the Iran war threatens Asian natural gas supplies which are particularly vulnerable to global disruptions. The LNG project in Kitimat, British Columbia, which began operations in June 2025, has exported five cargoes in the …
LNG Canada Ramps Up Output as Iran War Threatens Global Gas Supplies Read More »
By Julian Hast US natural gas futures fell for a second day as weather forecasts shifted warmer, indicating lower demand for the heating and power-plant fuel. Declines in European natural gas and oil prices as US President Donald Trump late Monday predicted a swift end to the Middle East war have also put downward pressure …
US Natural Gas Extends Losses on Mild Weather, Global Price Drop Read More »
(Reuters) – G7 energy ministers will discuss how to tackle soaring energy prices due to the war in Iran on a call on Tuesday while a group of European Union leaders will do so later in the day, officials said. Oil prices surged to $119 a barrel on Monday, their highest levels in almost four …
G7, EU to Discuss Soaring Energy Prices, Strategic Reserves Read More »
(Reuters) – The Pentagon is looking at ways to escort ships safely through the Strait of Hormuz, U.S. Chairman of the Joint Chiefs of Staff General Dan Caine said on Tuesday. About a fifth of global oil and liquefied natural gas normally passes through the strait but Iran, which lies on its northern coast, has …
What are the Challenges in Securing Shipping Through the Strait of Hormuz? Read More »
Iran’s Revolutionary Guards said on Tuesday they would not allow “one litre of oil” to be shipped from the Middle East if U.S. and Israeli attacks continue, prompting a warning from President Donald Trump that the U.S. would hit Iran much harder if it blocked exports from the vital energy-producing region. The heightened rhetoric did …
Summary Aramco CEO: Hormuz disruption is the industry’s “biggest crisis” Oil shipments from Gulf largely blocked Aramco East-West pipeline to reach capacity in days (Reuters) – Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in …
Aramco Sees ‘Catastrophic Consequences’ For Oil Markets if Hormuz Strait Remains Blocked Read More »
