(Reuters) – Russia is maintaining the flow of its oil to world markets and thereby helping to limit the impact of the crisis triggered by the Iran war, but it has no specific initiative to propose within OPEC+, the Kremlin said on Thursday. “At the moment, we are making our contribution to stabilizing prices and …
Russia Says it’s Maintaining Oil Supplies But Has No New OPEC+ Initiatives Read More »
(Reuters) – Iran seized two ships in the Strait of Hormuz as it tightened its grip on the strategic waterway after U.S. President Donald Trump announced he was indefinitely calling off attacks, with no sign of peace talks restarting. The status of a two-week-old ceasefire, due to have expired earlier this week, remained unclear. In …
Iran Tightens Control of Hormuz After US Calls Off Renewed Attacks Read More »
(Reuters) – Asia’s imports of liquefied natural gas (LNG) are poised to drop to the lowest in nearly six years in April as the effective closure of the Strait of Hormuz cuts off cargoes from major supplier Qatar. Despite the loss of volumes it could be argued that Asia’s LNG markets are being more successful …
China’s LNG Imports Plunge, Helping Asia Adjust to Iran War Losses: Russell Read More »
About 10.7 million barrels of Iranian crude exports crossed through the Strait of Hormuz and exited the area blockaded by the U.S. Navy between April 13 and 21, data analytics firm Vortexa said. * The shipments transited on six crude carriers that had their AIS data switched off. * A U.S. blockade of Iranian ports …
Iran Continues Crude Exports Despite US Blockade, Vortexa Says Read More »
The past decade has brought a rapid succession of global energy crises, driven by military conflict, extreme weather and supply-chain snarls. As today’s highly interconnected oil and gas markets become more fragmented and the low-carbon transition accelerates, recurring shocks may be becoming the norm. First came the post-pandemic inflationary surge in 2021, quickly followed …
THE ENERGY CRISIS – Welcome to the Age of Global Energy Shocks: Bousso Read More »
(Reuters) – S&P Global Energy has reduced its global oil demand forecast for 2026 by 700,000 barrels per day as the U.S.-Iran war disrupts energy supplies from the Middle East and hits demand in the second quarter, consultant Ethan Ng said on Thursday. Global oil demand growth expected to shrink to 400,000 bpd versus …
S&P Global Cuts 2026 Oil Demand Forecast by 700,000 Bpd Due to Iran War Read More »
Summary Destination of first shipment unclear, Reuters previously reported Italy as possible recipient Golden Pass CEO highlights milestone toward full commercial operations Only first processing unit operational, two more units under construction (Reuters) – Golden Pass LNG, a joint venture between QatarEnergy and U.S. oil major Exxon Mobil, said on Wednesday that the first cargo …
Golden Pass Says First LNG Export Cargo Has departed From Sabine Pass Terminal Read More »
(Reuters) – U.S. energy company Chevron said on Thursday that production had fully resumed at its Wheatstone liquefied natural gas plant in Western Australia following repairs for damage caused by a cyclone last month. Tropical Cyclone Narelle struck the 8.9 million-ton-a-year facility in late March, leaving both LNG processing trains offline. “Extreme winds associated with the cyclone …
Chevron Resumes Full Production at Wheatstone LNG After Repairs for Cyclone Damage Read More »
While oil demand destruction deepens with each passing day the Strait of Hormuz remains closed, the longer-term impact of the Iran war may paradoxically work in oil’s favour. Spiking energy security concerns and greater fragmentation could lead to a less efficient, more voracious global energy system. Aggregate worldwide oil consumption is plummeting under the …
Iran War May Crush Oil Demand Today, but Send it Soaring Long Term: Bousso Read More »
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Washington has imposed a blockade on Iran’s trade by sea while Iran has fired on ships to prevent them sailing through …
US Intercepts Three Iranian Oil Tankers in Asian Waters, Sources Say Read More »
