Japanese, French and Omani Vessels Cross the Strait of Hormuz

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

Summary Iran has said it would allow ships with no US or Israeli links Vessels appear to turn of identification systems during crossing Dozens ​of Japanese-owned ships remain stranded, according to transport ministry data (Reuters) – Three Omani-operated tankers, a French-owned container ship and a Japanese-owned gas carrier have crossed the Strait of Hormuz since …

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US Regulators Grant California’s Last Nuclear Power Plant 20-Year Operating Life Extension

Conventional Energy, Latest, Nuclear, US News / By

By Laila Kearney NEW YORK, April 2 (Reuters) – Federal regulators approved an operating license extension for California’s last-standing nuclear ​power plant, allowing it to run for another 20 years ‌if it also gets state legislative approval, the governor of the most populous U.S. state said on Thursday. PG&E’s (PCG.N) Diablo Canyon Nuclear Power Plant …

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J.P. Morgan Warns Oil Could Top $150 if Disruptions Persist Into Mid‑May

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

April 2 (Reuters) – Oil prices could spike to $120-$130 per barrel in the near term, with a ​risk of surging above $150 if supply ‌flows through the Strait of Hormuz remain disrupted into mid-May, J.P. Morgan said in a note ​on Thursday. J.P. Morgan’s base-case assumption is ​that the disruption to the strait will …

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Oil Giants Show Early Interest in US Gulf Deepwater Field Stake, Sources Say

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

LONDON/NEW YORK, April 2 (Reuters) – European energy majors TotalEnergies (TTEF.PA) and Shell (SHEL.L) are among companies eyeing a majority stake in one of the U.S. Gulf’s most promising sites, three ​sources with knowledge of the process said, as interest in North American energy prospects ‌rises due to the Middle East conflict. London-listed BP is …

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US Crude Jumps More Than 11%, Brent Nearly 8% After Trump Vows More Attacks on Iran

Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, Oil, Tri-Pinned, US News / By

By Arathy Somasekhar WTI soars to nearly $114/bbl, highest since March 9 Trump speech did not clarify when Hormuz might reopen WTI heads for biggest daily absolute price rise since 2020 HOUSTON, April 2 (Reuters) – U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile trading, as …

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Bahrain Hopes for Vote on Revised Hormuz Resolution on Friday

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

(Reuters) – Bahrain’s Foreign Minister Abdullatif bin Rashid Al Zayani told the United Nations Security Council on Thursday he hopes for a council vote on Friday on a resolution Bahrain has drafted to protect commercial shipping in and around the Strait of Hormuz. Oil prices have surged since the U.S. and Israel struck Iran at …

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Trump Speech Unleashes More Pain on US Consumers With $5 Gasoline, Record Diesel in Sight

Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – U.S. President Donald Trump’s address to the nation on Wednesday, in which he vowed more aggressive strikes on Iran, has put consumers on course for record fuel prices at the pumps just ahead of the country’s peak summer travel season, market experts said. Americans expected Trump’s speech to outline a plan to end …

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China’s Detentions of Panama-Flagged Vessels Raise Concerns, Rubio Says

CDN and International News, Latest / By

(Reuters) – Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on Thursday. The U.S. Federal Maritime Commission said last week that it was closely monitoring a surge in detentions …

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BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy

Latest, US News / By

(Reuters) – BP named Carol Howle as deputy chief executive on Thursday and said she would oversee the company’s ongoing portfolio review and strategy development. Howle, who served as interim chief executive before Meg O’Neill started the top job on Wednesday, will also return to her former role as head of supply, trading and shipping. …

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