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How the Iran War Oil and Gas Supply Shock Compares with Past Disruptions

CDN and International News, Latest, Oil / By

By Alex Lawler (Reuters) – The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters calculations based on International Energy Agency and U.S. Department of Energy …

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Iran War Conflict Could Create Systemic Gas Demand Destruction, Says Top Sector Official

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

Reuters The natural gas demand destruction currently resulting from the Iran war as governments implement measures to mitigate the crisis risks becoming structural if the conflict persists, the head of the Gas Exporting Countries Forum said on Wednesday. Since the Middle East crisis began at the end of February, more than 500 million barrels of …

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Mercuria Expects China to Return to Buying Oil Within Weeks After Heavy Sales During Iran Crisis

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(Reuters) – China will have to return to buying large volumes of oil within three weeks after being a big seller during the peak of the Iran supply crisis, the head of Mercuria, one of the world’s largest energy traders, told the FT Commodities Summit. Marco Dunand said China was selling commercial stocks it had …

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Canadian Oil Sands: A Highly Economic and Growing Resource Approaching a Pipeline Crossroads

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 WCSB oil production can grow 1 MMbbl/d — but more pipeline capacity will be needed by the early 2030s CALGARY, Alberta (Apr. 21, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest report, Oil Sands Play Fundamentals: From Pariah to Priority, which details why the Canadian …

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Saudi Arabia February Crude Exports Up, Output Highest Since 2022, JODI Says

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(Reuters) – Saudi Arabia’s crude oil exports rose to 7.276 million barrels per day in February, from 6.993 million bpd in January, while crude output hit its highest level since October 2022, Joint Organizations Data Initiative (JODI) data showed on Tuesday. Saudi production in February was about 10.882 million bpd, the JODI data showed, up …

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Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption

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

(Reuters) – The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, the world’s most important oil chokepoint, exposing the Middle East’s limited alternatives for exporting its hydrocarbons. The International Energy Agency (IEA) called it the largest supply disruption on record, bigger than the oil shocks of the 1970s and the loss …

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Russia Cuts Oil Output in April, Sources Say

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(Reuters) – Russia was forced to reduce oil output in April due to Ukrainian drone attacks on ports and refineries, as well as a halt to crude supplies via the only remaining Russian oil pipeline to Europe, according to five sources and Reuters calculations. In what could be the sharpest monthly decline to Russian output …

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Shipping Traffic Through Hormuz Still Largely Halted

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Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A U.S. blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the …

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War in Iran is Causing Biggest Energy Crisis in History, IEA Says

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(Reuters) – The conflict between Iran and the United States and Israel is creating the ​worst energy crisis ever faced by the ‌world, the head of the International Energy Agency (IEA) said on Tuesday. “This is indeed the biggest crisis ​in history,” Birol told France Inter ​radio in an interview broadcast on Tuesday. “The ⁠crisis is …

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EU Has Reserves, Production for Five-Months Supply of Jet Fuel, Dutch Government Says

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

AMSTERDAM, April 20 (Reuters) – The Dutch government on Monday estimated that the European Union could supply enough kerosene ​to the EU’s economy to last about five months, drawing on ‌domestic production and strategic reserves. European airlines have warned of potential jet fuel shortages within weeks as a result of the Iran war. The Dutch …

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