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Shell, the world’s largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters on Wednesday. Qatar, the world’s second-largest exporter of LNG, announced a production halt at its 77 million tons per annum (mtpa) facility last week and declared …
Shell Declares Force Majeure to Clients Who Buy Qatari LNG Read More »
Summary WSJ reports IEA proposed largest-ever release of oil reserves France to host G7 leaders call on Wednesday U.S. crude, gasoline and distillate stocks fell last week March 11 (Reuters) – Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency’s reported plan for a record release of oil reserves could offset …
Oil Shrugs Potential IEA Reserves Release, Gains on Supply Worries Read More »
(Reuters) – International oil majors Chevron and Shell are closing in on the first big oil production deals with Venezuela since the U.S. capture of President Nicolas Maduro in January, five sources close to the negotiations told Reuters. The deals would allow both companies to boost production in coveted oil regions in the South American …
(Reuters) – LNG Canada, a Shell-led venture, has ramped up production and exports to Asia this month, LSEG data show, as the Iran war threatens Asian natural gas supplies which are particularly vulnerable to global disruptions. The LNG project in Kitimat, British Columbia, which began operations in June 2025, has exported five cargoes in the …
LNG Canada Ramps Up Output as Iran War Threatens Global Gas Supplies Read More »
By Julian Hast US natural gas futures fell for a second day as weather forecasts shifted warmer, indicating lower demand for the heating and power-plant fuel. Declines in European natural gas and oil prices as US President Donald Trump late Monday predicted a swift end to the Middle East war have also put downward pressure …
US Natural Gas Extends Losses on Mild Weather, Global Price Drop Read More »
(Reuters) – G7 energy ministers will discuss how to tackle soaring energy prices due to the war in Iran on a call on Tuesday while a group of European Union leaders will do so later in the day, officials said. Oil prices surged to $119 a barrel on Monday, their highest levels in almost four …
G7, EU to Discuss Soaring Energy Prices, Strategic Reserves Read More »
(Reuters) – The Pentagon is looking at ways to escort ships safely through the Strait of Hormuz, U.S. Chairman of the Joint Chiefs of Staff General Dan Caine said on Tuesday. About a fifth of global oil and liquefied natural gas normally passes through the strait but Iran, which lies on its northern coast, has …
What are the Challenges in Securing Shipping Through the Strait of Hormuz? Read More »
By Georgina Mccartney, Arathy Somasekhar and Siddharth Cavale HOUSTON, March 10 (Reuters) – Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies, before falling to around $70 by the end of the year, the Energy Information Administration said on Tuesday in a …
Brent to Trade Above $95 for Next Two Months on Iran War, EIA Says Read More »
Iran’s Revolutionary Guards said on Tuesday they would not allow “one litre of oil” to be shipped from the Middle East if U.S. and Israeli attacks continue, prompting a warning from President Donald Trump that the U.S. would hit Iran much harder if it blocked exports from the vital energy-producing region. The heightened rhetoric did …
Summary Exxon is latest high-profile company moving to Texas for business-friendly environment New Jersey sued Exxon and others over climate change; suit dismissed Incorporation in Texas may aid Exxon in policy matters, says law professor (Reuters) – Exxon Mobil is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where its headquarters is located, the U.S. …
Exxon Looks to Ditch New Jersey Incorporation for Texas Homecoming Read More »
