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By Nidhi Verma and Ahmed Rasheed ADNOC trading arm buys Iraqi crude at discounts, sources say ADNOC agrees to buy 72 million barrels for Aug-Sept, source says Other companies also buy crude from Iraq NEW DELHI/BAGHDAD, Sept 15 (Reuters) – Abu Dhabi National Oil Co (ADNOC) has bought millions of barrels of discounted crude from …
ADNOC Trading Buys Millions of Barrels of Iraqi Crude, Sources Say Read More »
By Florence Tan and Emily Chow LNG spot price surge hits demand in India, GAIL says GAIL, PetroChina traders seek alternatives to Mideast LNG Chinese, Indian LNG demand to rebound once prices cool, GAIL and PetroChina expect Exxon is ‘extremely bullish’ on long-term LNG growth prospects BANGKOK, Sept 15 (Reuters) – LNG demand from China, …
LNG Demand in China, India and Pakistan Expected to Rebound After US-Iran War Ends Read More »
(Reuters) – A chasm in pricing crude oil has emerged — barrels constrained by choke points are being offered at sometimes massive discounts while those that can move freely command generous premiums. The gap continues to widen as the Middle East conflict worsens, with Yemen’s Iran-aligned Houthis making rapid advances to threaten complete control of …
When it Comes to Crude Oil Prices, it’s Location, Location, Location: Russell Read More »
(Reuters) – The seven-day rolling average of covert oil shipments accompanied by the U.S. Navy through the Strait of Hormuz is rising and will continue to rise, U.S. Energy Secretary Chris Wright said at a meeting of the U.N. nuclear watchdog on Monday. “The trend in that seven-day rolling average has been going up and …
Trend of Oil Shipments Through Hormuz Rising, US’s Wright Says Read More »
Summary Kingdom has stocks in ports for 5-7 days to maintain oil exports, sources say Pipeline needs to restart to avert major export drop Saudi Arabia has not given details about duration of repairs Global oil crisis deepens, pushes inflation, bond yeilds higher (Reuters) – Saudi Arabia will run out of oil stocks for exports …
Saudi Pipeline Outage Threatens Loss of 4% of Global Oil Supply Read More »
The widening of the Mideast conflict into Yemen and drone strikes on a critical Saudi oil pipeline highlight an uncomfortable reality: the Iran war is no longer a short-lived energy supply shock, but a prolonged, unpredictable test of global economic endurance. With crude oil back above $100 a barrel, markets are adjusting to …
COMMENTARY: Oil Markets Survived the Iran War Sprint. Now Comes the Marathon: Bousso Read More »
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to energy supplies after Saudi Arabia shut down a vital oil pipeline. The British navy-affiliated agency UKMTO said it had a report of a projectile hitting a vessel as it moved …
New Report of Attack on Strait of Hormuz Shipping Fans fears of Threats to Oil Supplies Read More »
(Reuters) – Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports. Italy currently produces about 29 million barrels of crude oil a year, mainly in the southern region of Basilicata, and …
Italy Moves to Speed Oil, Gas Projects in Energy Security Push Read More »
(Reuters) – Norway’s energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government’s annual mature-areas (APA) licensing round. The number of companies rose by one from last year’s APA round, as Shell made a comeback after being absent in 2025, the list of applicants …
Norway Oil and Gas Exploration Round Attracts Bids From 21 Firms, Including Shell Read More »
(Reuters) – Yemen’s Iran-aligned Houthis on Friday reached the strategic island of Perim in the Bab el-Mandeb Strait, four Yemeni government sources told Reuters, potentially tightening their grip on one of the world’s vital shipping routes. Earlier, two sources from the Saudi-backed, internationally recognised Yemeni government said its forces had withdrawn from Perim and that …
Yemen’s Houthis Reach Strategic Island at Mouth of Vital Shipping Lane Read More »
