Auto Added by WPeMatico
(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 »
(Reuters) – Qatar may extend its force majeure on gas supplies beyond mid-June, Italian importer Edison said on Wednesday, while predicting the gap will be plugged by U.S. supply instead of Russian gas. Speaking in a media briefing, Edison CEO Nicola Monti and its head of gas portfolio management Fabio Dubini said the Italian group …
Edison Says Qatar May Extend Gas Force Majeure, Sees US LNG Filling Gap Read More »
(Reuters) – Iran can withstand a complete halt in oil exports of up to two months before being forced to curb production, analysts said, after the U.S. began blocking shipping in and out of the country’s ports on April 13. The blockade could prevent roughly 2 million barrels per day (bpd) of Iranian crude from …
Iran Can Go Up to Two Months Without Oil Exports Before Cutting Output, Analysts Say Read More »
Canadian oil and gas producers anticipate sharply higher profits in 2026 as prices surge due to the Iran war but will channel those earnings back to shareholders rather than invest in major new capital projects, senior executives said on Tuesday. At an annual conference in Toronto, the executives acknowledged their companies’ financial fortunes have changed …
Canada Oil and Gas Profits to Surge on Iran War, but Firms Hold off New Investment Read More »
