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Prolonged Iran Crisis to Push Buyers to Non-Mideast Supply, JERA Executive Says

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

(Reuters) – A prolonged U.S.-Israeli war with Iran could push buyers to non-Middle East suppliers such as the U.S. and Canada, said a senior executive at Japan’s biggest power generator JERA, as the conflict spreads to energy infrastructure across the region. “With 90 million metric tons from the Middle East absent from the global LNG …

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Iran Targets Energy Facilities Across Gulf After Israel Struck its Key Gas Installations

CDN and International News, Latest, LNG, Oil / By

Summary Iranian missile attacks cause extensive damage to Qatar’s LNG facilities Trump warns of massive response if Iran attacks Qatari LNG again Fires after drone attacks target Kuwait’s Mina al-Ahmadi, Mina Abdullah refineries Drone falls in Aramco-Exxon SAMREF refinery, missile towards Yanbu intercepted UAE shuts gas facilities after intercepting missiles, no injuries reported (Reuters) – …

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Core Differences Between West Texas Intermediate (WTI) and Brent Crude and the Affect of the Iran War

CDN and International News, Latest, Oil / By

  Understanding the relationship between West Texas Intermediate (WTI) and Brent Crude is essential for navigating energy markets. These two benchmarks represent different regions, qualities, and logistical realities, and their price difference—the Brent-WTI spread—serves as a vital indicator of global energy health. Core Differences Between WTI and Brent Geographic Origin: WTI: Primarily sourced from U.S. fields …

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QatarEnergy Reports ‘Extensive Damage’ After Missile Attacks on Ras Laffan

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

By Yomna Ehab and Jaidaa Taha March 18 (Reuters) – Qatar’s state oil giant QatarEnergy said ‌on Wednesday that Iranian missile attacks on Ras Laffan, the site of the country’s core LNG processing operations, caused “extensive damage.” “Emergency response teams were deployed immediately to contain ​the resulting fires,” the world’s second-largest LNG exporter said ​in …

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Iran Hits Qatar Energy Hub, Targets Saudi Arabia, After Huge Gas Field Struck

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

By Parisa Hafezi, Rami Ayyub and Maya Gebeily Pars is Iran’s sector of the world’s largest gas deposit, shared with Qatar Qatar says energy-industry hub hit US spy chief says Iran degraded, but intact and able to attack Iran confirms killing of Iranian intelligence minister Tehran strikes Israel after killing of security chief Larijani Israel …

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Saudi Arabia’s January Crude Exports Rose, Output Highest Since 2023, JODI Says

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

(Reuters) – Saudi Arabia’s crude exports in January rose to 6.993 million barrels per day from 6.988 million bpd in December while crude output hit its highest since April 2023, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. The world’s largest oil exporter, Saudi Arabia currently faces trouble exporting as war in …

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Russia Fails to Capitalise on Oil Rally due to Weather, Drone attacks, According to Data, Sources

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

By Reuters Russia is struggling to fully benefit from the surge in global oil prices from the Middle East war as drone ​attacks on export infrastructure and bad weather curb its oil ‌exports, according to Reuters estimates based on LSEG data and industry sources. Asian states including Thailand, Indonesia, Sri Lanka and others expressed interest in Russian oil …

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Asia Pivots to Coal as Middle East Conflict Chokes LNG Supply

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

(Reuters) – Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the U.S.-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in …

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How the Iran War Is Disrupting Global Oil and Gas Supply

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

By Paul Burkhardt, Julian Lee, Anthony Di Paola, and Elena Mazneva The Ras Tanura oil refinery and oil terminal in Saudi Arabia Photographer: Simon Dawson/Bloomberg Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes …

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