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PREPARING TO LOAD: Middle East Producers Prepare For Oil Export Resumption via Hormuz

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

(Reuters) – Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of ​shipping through the Strait of Hormuz, three sources with knowledge of the matter said. A two-week ‌ceasefire deal between the U.S. and Iran announced on Wednesday lifted hopes for …

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Trump Says Iran Should not Charge Fees to Tankers Going Through Strait of Hormuz

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

President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. “There are reports that Iran is charging fees to tankers going through the Hormuz Strait,” …

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Attacks Cut Saudi Oil Output and East-West Pipeline Flow, State News Agency Says

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

Attacks on Saudi energy facilities have cut the kingdom’s oil production capacity by around 600,000 barrels per day and the throughput on its East-West pipeline by about 700,000 bpd, Saudi state news agency SPA reported on Thursday, citing an official source at the energy ministry. The attacks, including previous strikes on some facilities, also disrupted …

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Venezuela Dragging Out on New Oil Contract Models as Energy Investors Wait

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

Missed deadlines for contract review delay investment decisions Some firms await contract details before moving forward Meetings with officials yield limited information (Reuters) – Energy companies evaluating whether to invest in Venezuela are waiting for the OPEC nation’s oil ministry to release contract models that will provide specific terms to continue, expand or start businesses …

Venezuela Dragging Out on New Oil Contract Models as Energy Investors Wait Read More »

Iran Supreme Leader Says Hormuz Strait’s Management Will Enter New Phase

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(Reuters) – Iran will move the management of the strategic Strait of Hormuz into a new phase, its Supreme Leader Ayatollah Mojtaba Khamenei said on Thursday in a statement read out on state TV. “Iran is not seeking war but will not forfeit its rights and considers all resistance fronts as a unified entity,” Khamenei …

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Hormuz at Near Standstill as Iran Warns Ships to Keep to its Waters

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(Reuters) – Iran’s Islamic Revolutionary Guard Corps (IRGC) warned ships to keep to a route passing through its territorial waters when crossing the Gulf’s Strait of Hormuz as traffic on Thursday remained well below 10% of normal volumes. Mitsui O.S.K. Lines, one of Japan’s big three shipping firms, is among those caught up in the …

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Ceasefire Uncorks Market Relief, But Outlook Remains Sobering: McGeever

CDN and International News, Latest / By

The huge relief rally across global markets and oil price plunge sparked by the ceasefire in the Iran war are no surprise. What follows, once the initial euphoria dissipates, is far less certain – and far less rosy than investors seem to believe. And the euphoria should dissipate pretty quickly. Leaving aside the very real …

Ceasefire Uncorks Market Relief, But Outlook Remains Sobering: McGeever Read More »

A Toll for Using Hormuz Would be a ‘Dangerous Precedent’, UN’s Ship Agency Says

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(Reuters) – Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday. Iranian officials have raised the idea of charging a toll for using the Strait after a two-week ceasefire between the United …

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Iran to Let No More Than 15 Vessels a Day to Pass Strait of Hormuz, TASS Cites a Senior Iranian Source

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(Reuters) – Iran will allow no more than 15 vessels a day to pass through the Strait of Hormuz under the ceasefire agreement it agreed with the United States, Russia’s state TASS news agency quoted an unnamed senior Iranian source as saying on Thursday. The Strait, a strip of water only 34 km (21 miles) …

Iran to Let No More Than 15 Vessels a Day to Pass Strait of Hormuz, TASS Cites a Senior Iranian Source Read More »

Iran Ceasefire Eases Fears but LNG Sector Left Scarred, Industry Executive Says

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

Summary LNG price surge and supply chain disruption hit poorer Asian buyers hardest, Ydreos says Reliability concerns prompt some Asian countries to reconsider LNG in energy transition plans Gulf producers’ reputations impacted, with Qatar’s supply reliability now under scrutiny (Reuters) – A Middle East ceasefire signals de-escalation, but the conflict has scarred the global ‌LNG …

Iran Ceasefire Eases Fears but LNG Sector Left Scarred, Industry Executive Says Read More »

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