Conventional Energy

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Iran Lets Two Gas Tankers Sail to India Through Hormuz, Sources Say

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

(Reuters) – Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian blockade that has disrupted global energy supplies. The Indian-flagged LPG tanker Shivalik crossed the Strait under escort from the Indian Navy, said …

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Kremlin Says Russia and US Share Interest in Stabilising Energy Markets

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(Reuters) – Russia sees a U.S. sanctions waiver on its oil as an attempt by Washington to stabilise global energy markets, and the two countries have a shared interest in this, Kremlin spokesman Dmitry Peskov said on Friday. The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products …

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Oil Settles Up 9% as Iran Vows to Keep Strait of Hormuz Closed

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By Siddharth Cavale Iran supreme leader says Strait of Hormuz to remain closed Iranian boats attacked two tankers in Iraqi waters IEA release of 400 million barrels may give limited relief NEW YORK, March 12 (Reuters) – Oil prices settled up about 9% on Thursday, at their highest ​in nearly four years, as Iran stepped …

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Trump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering Lawmakers

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By Timothy Gardner and Susan Heavey Lawmakers say Trump prioritizes oil companies over consumers Energy Secretary Chris Wright says $200-a-barrel oil unlikely Oil prices up despite U.S. efforts to control them WASHINGTON, March 12 (Reuters) – U.S. President Donald Trump said on Thursday the United States stood to make significant money from oil prices driven …

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Exchanges Oppose Potential US Treasury Intervention in Oil Futures Market

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By Anirban Sen BOCA RATON, Florida, March 12 (Reuters) – The heads of a number of top exchanges, including CME Group (CME.O) and Toronto Stock Exchange parent TMX Group (X.TO), oppose any potential ​intervention from the U.S. government involving the oil futures market, amid ‌rising energy prices in the aftermath of the Iran conflict. The …

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US Navy Could Escort Vessels in Strait of Hormuz With International Coalition, Bessent Says

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(Reuters) – The U.S. Navy, perhaps with an international coalition, will escort vessels through the Strait of Hormuz when it is militarily possible, U.S. Treasury Secretary Scott Bessent told Sky News in an interview on Thursday. “My belief, that as soon as it is militarily possible, the US Navy, perhaps with an international coalition, will …

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US Natgas Prices at Waha Hub in Texas Remain Negative for Record 25th Day

Conventional Energy, Latest, Natural Gas, US News / By

(Reuters) – U.S. spot natural gas prices for Thursday at the Waha Hub in the Permian Shale in West Texas closed in negative territory for a record 25th straight day as pipeline constraints trap gas in the nation’s biggest oil-producing basin, prompting some analysts to project that gas production could be reduced in the short …

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Canada’s LNG Exports to Hit New Levels – Resource Works

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One outlook sees ‘six more LNG-Canada-sized projects’ By Don MacLachlan The LNG carrier Gaslog Glasgow loading LNG Canada’s first export cargo (in 2025) By Resource Works More News and Views From Resource Works Here While Ottawa talks of Canada becoming “an energy superpower,” with LNG exports of as much as 100 million tonnes a year, …

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Iranian Oil Flows Through Strait of Hormuz Even as Gulf Neighbors’ Exports Shut

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(Reuters) – Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed. Iran has exported about 13.7 million barrels of crude oil since Israel …

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