CDN and International News

Auto Added by WPeMatico

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 …

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

Energy Services Set to Benefit Once Iran War Ends, Barclays Says

CDN and International News, Energy Services, Energy Topics & Technology, Latest / By

By Joshua Gaunt-Warner The European energy services sector faces a brighter future once the Middle East conflict de-escalates as a result of work that oil producers need to undertake to resolve disruption, according to Barclays Plc analysts. Companies such as Technip Energies SA and Viridien SA are set to see increased demand as countries look …

Energy Services Set to Benefit Once Iran War Ends, Barclays Says Read More »

Global Oil Stocks Could Fall by 900 Million bbl Even if Ceasefire is Extended, Citi Says

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

(Reuters) – Researchers at Citi said on Monday that global crude and product inventories could decline by roughly 900 million barrels even if the United States and Iran agree to a ceasefire extension this week, and both Strait of Hormuz flows and oil production recover to normal levels by the end of June. The bank …

Global Oil Stocks Could Fall by 900 Million bbl Even if Ceasefire is Extended, Citi Says Read More »

Fate of Iran Peace Talks Uncertain as Deadline Approaches for End of Ceasefire

CDN and International News, Latest / By

(Reuters) – Iran is considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran’s ports, a major hurdle for Tehran to rejoin peace efforts. However, the official stressed that no decision had been made. Adding to …

Fate of Iran Peace Talks Uncertain as Deadline Approaches for End of Ceasefire Read More »

Kuwait Declares Force Majeure on Oil Shipments Amid Hormuz Blockade, Bloomberg News Reports

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

(Reuters) – Kuwait has declared force majeure on shipments of crude oil and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering the Persian Gulf, hindering its ability to meet certain customer commitments, Bloomberg News reported on Monday, citing a document. State-run Kuwait Petroleum Corp. notified customers on Friday …

Kuwait Declares Force Majeure on Oil Shipments Amid Hormuz Blockade, Bloomberg News Reports Read More »

Shipping Traffic Remains at Virtual Standstill Through Hormuz, Data Shows

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

Shipping traffic through the Strait of Hormuz remained at a virtual standstill on Monday with just three crossings in the space of 12 hours, according to shipping data. The oil products tanker Nero, which is under British sanctions for Russian oil activities, left the Gulf and was sailing through the Strait, according to satellite analysis …

Shipping Traffic Remains at Virtual Standstill Through Hormuz, Data Shows Read More »

Iraq Says Oil Exports to Resume From All Fields Within Days, State News Agency

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

Iraq says oil exports to resume from all fields within days, state news agency Iraq’s oil ministry said oil exports would resume from all fields within the next few days, the Iraqi state news agency INA reported on Saturday. Four energy sources said that Iraq resumed southern oil exports on Friday after a halt of …

Iraq Says Oil Exports to Resume From All Fields Within Days, State News Agency Read More »

Ships Test Strait of Hormuz After Opening, Seek Assurances on Safety

CDN and International News, Latest / By

By Jesus Calero and Gus Trompiz Threat of mines not fully understood, US Navy advisory warns Norway shippers also flag uncertainty over mines UN’s IMO says currently verifying details A group of ships tests Hormuz exit PARIS, April 17 (Reuters) – A group of ships made an unsuccessful attempt to exit the Gulf on ‌Friday …

Ships Test Strait of Hormuz After Opening, Seek Assurances on Safety Read More »

Traders Place $760 Million Bet on Falling Oil Ahead of Hormuz Announcement

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

(Reuters) – Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran’s foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world’s most traded commodity ahead of major announcements in the course of the Middle East war. Large, well-timed …

Traders Place $760 Million Bet on Falling Oil Ahead of Hormuz Announcement Read More »

How 50 Days of the Iran War Led to the Loss of $50 Billion Worth of Oil

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

(Reuters) – The world has lost over $50 billion worth of crude oil that has not been produced since the Iran war began nearly 50 days ago and the aftershock of the crisis will be felt for months and even years to come, according to analysts and Reuters calculations. Iranian Foreign Minister Abbas Araqchi said …

How 50 Days of the Iran War Led to the Loss of $50 Billion Worth of Oil Read More »

Subscribe
Subscribe