Auto Added by WPeMatico
(Reuters) – QatarEnergy has declared force majeure on shipments of liquefied natural gas, it said in a statement on Wednesday, after attacks on its production facilities amid the U.S.-Israeli war on Iran. The state-owned company said on Monday it was halting production of LNG and associated products due to attacks on facilities in the Ras …
Gas Giant QatarEnergy Throttles LNG Supply by Declaring Force Majeure Read More »
(Reuters) – Oil prices are expected to remain elevated in the near term as traders weigh the risk of supply disruptions through the Strait of Hormuz, a chokepoint for more than 20% of global oil supply, amid the widening Middle East conflict. Israeli and U.S. strikes on Iranian targets have led to attacks across the …
Oil Seen Elevated as Hormuz Risks Intensify Amid Iran Conflict, Analysts Say Read More »
(Reuters) – Operatives from Iran’s Ministry of Intelligence signalled openness to the U.S. Central Intelligence Agency (CIA) to talks on ending the war, the New York Times reported on Wednesday, citing officials briefed on the matter. The offer was made through an unnamed country’s spy agency, the NYT said, citing Middle Eastern officials and officials …
A proposed deepwater oil project off the Canadian east coast reached a key milestone Tuesday as the Newfoundland and Labrador government signed an agreement with Equinor on how to divvy up the development’s anticipated rewards. Premier Tony Wakeham received several standing ovations as he unveiled the benefits agreement for the Bay du Nord project at …
(Reuters) – Venezuela’s oil exports fell 6.5% in February from a month earlier to some 737,000 barrels per day as more shipments to the United States and Europe could not fully offset the loss of what used to be the OPEC country’s main market, China, according to vessel monitoring data and documents from state company …
Venezuela’s Oil Exports Fell 6.5% in February With Loss of Chinese Market, Data Shows Read More »
By Niccolo Conte | Graphics/Design: Anna Diederichs Key Takeaways China receives 37.7% of all oil exports that pass through the Strait of Hormuz, the most of any country. Asian countries are most affected by a closure of the strait, receiving 89.2% of the Strait’s crude oil and condensate flows. The Strait of Hormuz is one …
Charted: Oil Trade Through the Strait of Hormuz by Country – Visual Capitalist Read More »
(Reuters) – Iraq has cut oil production by nearly 1.5 million barrels a day and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the Iran crisis, two Iraqi oil officials told Reuters on Tuesday. As of Tuesday, Iraq …
(Reuters) – China is the world’s largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran. But the opposite is most likely the case, with China’s vast stockpile of crude a cushion against price spikes, meaning …
China Imports the Most Energy, But is Best Placed on Iran: Russell Read More »
(Reuters) – Saudi oil giant Aramco is attempting to reroute some of its crude exports to the Red Sea to bypass the Strait of Hormuz where the risk of attacks has slowed shipping to a near halt, sources said on Tuesday. The world’s largest oil firm hopes to avert production cuts by rerouting oil to …
Saudi Aramco Seeks to Reroute Crude Away From Strait of Hormuz, Sources Say Read More »
So far, excess supplies elsewhere have helped limit the oil price surge Oil surged for a second day as the United States and Israel stepped up their war against Iran, with the sprawling conflict’s impact on energy assets in the Persian Gulf continuing to grow. Saudi Arabia is exploring the option of delivering more barrels …
Oil Rally Builds as ‘Staggering’ Middle East War Jolts Energy Read More »
