(Reuters) – Some of the world’s top oil executives and energy ministers in Houston on Monday expressed growing concern over the long-term effects of the U.S.-Israel war with Iran on the global economy, while the U.S. Energy Secretary Chris Wright downplayed the crisis. The war has caused one of the biggest disruptions to energy supplies …
Oil Execs Warn of Long-Term Damage From Iran War as US Downplays Crisis Read More »
(Reuters) – A disruption to global energy supplies from the U.S.-Israeli war on Iran lasting beyond three to four months would pose a systemic risk to the global economy, TotalEnergies CEO Patrick Pouyanne said on Monday. The disruption to global fuel supplies is worse than the disruption to crude oil supplies because it has been …
By Amanda Stephenson Middle Eastern, Asian investors show interest in Canadian pipeline Alberta to submit pipeline proposal for federal fast-tracking in June Regulatory hurdles and carbon pricing policy impact pipeline feasibility HOUSTON, March 23 (Reuters) – Middle Eastern and Asian investors have expressed early-stage interest in a potential new crude oil pipeline in Canada and …
Canada’s Pipeline Plan Attracts Middle Eastern, Asian Interest, Alberta Premier Says Read More »
WASHINGTON, March 23 (Reuters) – The United States is “highly unlikely” to release more oil from its Strategic Petroleum Reserve to calm energy markets during the war with Iran, U.S. Energy Secretary Chris Wright told CNBC on Monday. The U.S. was looking at a variety of other levers to try to bring down prices, he …
US Energy Chief Tells CNBC a Further SPR Oil Release is Unlikely Read More »
By Curtis Williams Jack Fusco, President and CEO of Cheniere Energy during the CERAWeek energy conference in Houston, Texas, U.S., March 7, 2023. HOUSTON, March 23 (Reuters) – The situation in the Middle East shows the need for diversity in energy supplies, Jack Fusco, CEO of Cheniere Energy (LNG.N), the nation’s largest U.S. liquefied natural …
Mideast Situation Shows Need for Energy Diversification, Says Cheniere CEO Read More »
(Reuters) – Two tankers bound for India sailed through the Strait of Hormuz on Monday carrying liquefied petroleum gas (LPG) loaded in the United Arab Emirates and Kuwait, although overall traffic through the critical waterway remained blocked. Hundreds of vessels and some 20,000 seafarers have remained stranded inside the Gulf since Tehran threatened to attack …
Gas Tankers Sail Through Hormuz to India, Most Ships Still Stuck, Data Shows Read More »
(Reuters) – The U.S. may not be scaling electricity fast enough for the expansion of artificial intelligence, Google’s President and Chief Investment Officer Ruth Porat said on Monday, speaking about the vast amounts of power needed to scale the company’s AI data centers. “We are concerned that we are not full throttle on energy,” she …
US Needs More Energy Development to Power AI, Google President Says Read More »
(Reuters) – Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East stemming from the ongoing U.S.-Israel war with Iran will return. “It will take time to come out of this,” Wirth said on Monday at the CERAWeek conference in Houston. Tightness in the energy market due to the …
Chevron CEO Says it Will Take Time for Energy to Recover From Middle East Production Hit Read More »
(Reuters) – No one likes expensive oil, especially in the U.S., where driving, spending, and energy-intensive economic activity are on such a vast scale. But despite fears to the contrary, the average U.S. consumer has never been better equipped to deal with $100-a-barrel oil. U.S. households are the richest they’ve ever been in nominal terms. …
Why $100 Oil Won’t Break the American Consumer: McGeever Read More »
(Reuters) – Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained over $100 a barrel due to the U.S.-Israel war on Iran. Wright’s remarks come amid …
