(Reuters) – President Donald Trump told CNBC in an interview on Tuesday that he did not want to extend a ceasefire with Iran, adding the U.S. was in a strong negotiating position and would end up with what he called a great deal. “I don’t want to do that. We don’t have that much time,” …
Trump Says He Does Not Want to Extend Ceasefire With Iran Read More »
(Reuters) – The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, the world’s most important oil chokepoint, exposing the Middle East’s limited alternatives for exporting its hydrocarbons. The International Energy Agency (IEA) called it the largest supply disruption on record, bigger than the oil shocks of the 1970s and the loss …
Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption Read More »
(Reuters) – An armada of crude oil and refined products tankers is heading to Asia from the United States, but even record-high exports from the world’s top producer cannot come close to making up the losses from the war against Iran. U.S. crude exports are on track for their two strongest months ever in April …
US Crude and Fuel Exports Surge to Record Highs, But it’s Not Enough: Russell Read More »
(Reuters) – Russia was forced to reduce oil output in April due to Ukrainian drone attacks on ports and refineries, as well as a halt to crude supplies via the only remaining Russian oil pipeline to Europe, according to five sources and Reuters calculations. In what could be the sharpest monthly decline to Russian output …
Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A U.S. blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the …
Shipping Traffic Through Hormuz Still Largely Halted Read More »
(Reuters) – The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday. “This is indeed the biggest crisis in history,” Birol told France Inter radio in an interview broadcast on Tuesday. “The crisis is …
War in Iran is Causing Biggest Energy Crisis in History, IEA Says Read More »
Halliburton beats profit estimates on oilfield services demand in Latin America, Europe (Reuters) – Halliburton beat Wall Street estimates for first-quarter profit on Tuesday, as steady demand in Latin America and Europe helped offset a slowdown in activity in the Middle East due to the Iran war. Revenue in the U.S. oilfield services provider’s international …
Halliburton Beats Profit Estimates on Oilfield Services Demand in Latin America, Europe Read More »
(Reuters) – U.S. President Donald Trump on Monday dismissed his top energy official’s view that gas prices will not drop until 2027, saying Americans can expect lower costs as soon as the Iran war ends. On Sunday, U.S. Energy Secretary Chris Wright told CNN that while gasoline below $3 a gallon “could happen later this year, that …
Trump Says Energy Chief is ‘Wrong,’ Expects Lower Gas Prices as Soon as Iran War Ends Read More »
(Reuters) – Oil production in North Dakota rose 4,000 barrels-per-day (bpd) to 1,130,000 bpd in February, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,101,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to …
(Reuters) – President Donald Trump invoked the Defense Production Act on Monday to sign a series of energy-related presidential memorandums, the White House announced, as his administration aims to tackle rising fuel prices as a result of U.S. and Israel’s war on Iran. Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas …
Trump Cites Defense Production Act to Sign Energy-Related Memorandums Read More »
