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Iran says Oman deal is in ‘final stages’ but US must act to open Hormuz Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the strait would only reopen once the United States met other conditions. A U.S. official …
Iran Says Oman Deal is in ‘Final Stages’ But US Must Act to Open Hormuz Read More »
Iran says deal on Strait of Hormuz is close but will not open the waterway by itself Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free up the waterway, and the United Arab Emirates said Iran had hit another …
Iran Says Deal on Strait of Hormuz is Close But Will Not Open the Waterway by Itself Read More »
Summary Brent heads for weekly loss of more than 8% Cargo vessels could face fees under Iran draft plan Drone attacks reduce July CPC oil loadings by a fifth, sources say (Reuters) – Brent crude oil climbed more than $1 a barrel on Friday over ongoing uncertainty about the negotiations in progress that determine control …
(Reuters) – The United Arab Emirates on Saturday condemned what it said was an Iranian attack on a carrier linked to its state oil company as it passed through the Strait of Hormuz, accusing Tehran of “acts of piracy”. State news agency WAM initially reported ADNOC as saying one of its vessels had been …
UAE Says Iran Attacked ADNOC Vessel With Missile in Strait of Hormuz Read More »
(Reuters) – U.S. energy firms left the overall rig count unchanged in the latest week, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held at 588 in the week to August 7 from the previous week. Baker …
US Energy Firms Leave Rig Count Unchanged in Latest Week, Baker Hughes Says Read More »
By Nathan Risser US imports of Saudi Arabian oil dropped to zero in July, the first time that’s happened for an entire month since 1985, according to preliminary government data. Saudi oil exports have been disrupted for months as the US-Iran conflict all but shut down Persian Gulf crude flows. Last month, US-bound shipments of …
Saudi Crude Shipments to US Plunge to Zero as Oil Refiners Pivot Read More »
Summary Benchmarks head for weekly losses of about 9% Cargo vessels could face fees under Iran draft plan US non-farm payrolls report due on Friday (Reuters) – Oil prices edged lower on Friday as investors weighed signals that Gulf states and Iran were closing in on a deal to reopen the Strait of Hormuz under …
Oil Prices Drop as Investors Weigh Potential Hormuz Deal Between Iran, Gulf States Read More »
By Javier Blas On Wall Street, money speaks louder than words. The way Big Oil is currently allocating dollars suggests the supermajors are, quietly, preparing for leaner times. It’s the right approach: Oil is a cyclical business, and lower prices are always around the corner. This time, they may be even closer. In many ways, …
Big Oil Is Bracing for Lower Prices — and Rightly So Read More »
By Scott Squires Mexico’s government will not allow unconventional drilling in a key shale basin, as officials cautiously explore the politically sensitive practice as a way to reduce dependence on US natural gas. The ban on hydraulic fracturing — a form of unconventional drilling better known as fracking — applies to the Tampico-Misantla basin, a …
Mexico Bans Oil and Gas Fracking in Key Basin, Sheinbaum Says Read More »
By Rakteem Katakey, Paul Burkhardt, Mark Burton, and Yuliya Fedorinova Since the start of the Iran war, Iranian attacks on vessels in the Strait of Hormuz and a US blockade on Iran’s ports have slowed the flow of energy exports and other commodities from the Middle East. Even if diplomatic efforts succeed in restoring normal …
Bypass the Strait of Hormuz? Why That’s Not So Easy Read More »
