QatarEnergy Reports ‘Extensive Damage’ After Missile Attacks on Ras Laffan

CDN and International News, Conventional Energy, Latest, LNG / By

By Yomna Ehab and Jaidaa Taha March 18 (Reuters) – Qatar’s state oil giant QatarEnergy said ‌on Wednesday that Iranian missile attacks on Ras Laffan, the site of the country’s core LNG processing operations, caused “extensive damage.” “Emergency response teams were deployed immediately to contain ​the resulting fires,” the world’s second-largest LNG exporter said ​in …

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Vance to Meet With Oil Trade Group, Acknowledges ‘Rough Road Ahead’ on Gas Prices

Conventional Energy, Latest, Natural Gas, US News / By

By Bo Erickson and Jarrett Renshaw WASHINGTON, March 18 (Reuters) – U.S. Vice President JD Vance and Energy Secretary Chris Wright will meet ​on Thursday with the American Petroleum Institute, the nation’s largest oil trade group, as ‌the Trump administration looks to ease rising gas prices. In the third week of the Iran war, Vance …

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US Oil Exports Seen Rising as WTI Discount to Brent Hits Widest in 11 Years

Conventional Energy, Latest, Oil, US News / By

By Georgina Mccartney and Siddharth Cavale U.S.-Israeli war on Iran disrupts Middle East oil supply Brent gains outpace WTI due to Mideast infrastructure attacks US to release172 million barrels to tame prices, pressuring WTI HOUSTON/New York, March 18 (Reuters) – The discount for U.S. crude futures versus Brent on Wednesday hit ​the widest in 11 …

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Iran Hits Qatar Energy Hub, Targets Saudi Arabia, After Huge Gas Field Struck

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas / By

By Parisa Hafezi, Rami Ayyub and Maya Gebeily Pars is Iran’s sector of the world’s largest gas deposit, shared with Qatar Qatar says energy-industry hub hit US spy chief says Iran degraded, but intact and able to attack Iran confirms killing of Iranian intelligence minister Tehran strikes Israel after killing of security chief Larijani Israel …

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Oil Extends Gains to Rise 5.6% After Iran Attacks Gulf Energy Facilities

Conventional Energy, Latest, Oil, US News / By

By Siddharth Cavale Oil exports from Iraq and Libya resume Wednesday amid security, economic challenges Qatar , Saudi Arabia hit by missile attacks from Iran Brent, WTI futures extend gains in post-settlement trade NEW YORK, March 18 (Reuters) – Oil prices settled higher on Wednesday and climbed further in extended trade after Iran attacked several …

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Saudi Arabia’s January Crude Exports Rose, Output Highest Since 2023, JODI Says

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Saudi Arabia’s crude exports in January rose to 6.993 million barrels per day from 6.988 million bpd in December while crude output hit its highest since April 2023, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. The world’s largest oil exporter, Saudi Arabia currently faces trouble exporting as war in …

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Ranked: The Top Crude Oil Producers in 2025 – Visual Capitalist

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

By Gabriel Cohen | Editing Niccolo Conte | Design Sabrina Lam Key Takeaways The U.S. was the world’s largest crude oil producer in 2025, pumping 13.58 million barrels per day. Five of the world’s top 10 crude oil producers are in the Middle East. Russia and Saudi Arabia ranked second and third globally, each producing …

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COMMENTARY: Latest Oil Crisis Readies Hammer for Demand Curve

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

By Robert Cyran NEW YORK, March 18 (Reuters Breakingviews) – It took two Middle East oil shocks for the world to really focus on energy efficiency. The result was a multi-decade, steady reduction in the amount required to produce a certain amount of wealth. If the region’s latest crisis persists, it will accelerate the trend …

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COMMENTARY: Assessing Energy Security in Europe, US and China as Iran Crisis Drags On

Latest, US News / By

By Gavin Maguire LITTLETON, Colorado, March 18 (Reuters) – As the U.S.-Israeli war against Iran heads towards its fourth week, pressure is mounting on major economies dependent on fossil fuels to keep their power sectors, transport fleets, and homes and businesses running. Global prices of natural gas, fuels, fertilizers, industrial acids and other products have …

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Why Oil-Spooked Markets May be Wrong About the Fed: Joachim Klement

Conventional Energy, Latest, Oil, US News / By

Markets on edge about the Iran-war-driven oil shock are extrapolating today’s stress far into the future – and may thus be badly misjudging how dovish the Federal Reserve will be this year. The oil price spike, which sent Brent crude into triple digits last week, has increased U.S. inflation risks and reduced market expectations for …

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