Reuters Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources told Reuters, a day after U.S. forces launched fresh air strikes on Iran. Saudi civil defence had issued several warnings for Yanbu, on the Red Sea, and later said the danger had …
Missiles Targeting Saudi Oil Refineries Shot Down, Sources Say Read More »
Reuters Kuwait Petroleum Corporation (KPC) has signed a $16 billion deal to lease and lease back its crude oil pipeline network with a consortium comprising global funds Blackstone, Brookfield and KKR, the state-owned Gulf firm said on Saturday. It said it was the largest foreign direct investment in the country’s history. Under the investment called …
Kuwait’s KPC Signs $16 Billion Lease and Leaseback Deal for Oil Pipeline Network Read More »
Iranian Oil Minister Mohsen Paknejad said Iran sold $11.5 billion worth of oil during the war and a further $6.5 billion during a ceasefire, when lower risks to tanker traffic helped increase exports and enabled the sale of part of around 100 million barrels of stored crude oil and gas condensate. The sales generated more …
Iranian Oil Minister Says it Sold $18 Billion of Oil During War and Ceasefire Read More »
(Reuters) – Operations were not affected at most of the 20 refineries in the path of Tropical Storm Bertha this week, according to people familiar with operations at the individual plants. Phillips 66 said on Friday that unit 35 of its 277,000 barrel-per-day Sweeny, Texas refinery malfunctioned because of a lightning strike as the remnants of …
Most Gulf Coast Refineries Unaffected by Tropical Storm Bertha Read More »
(Reuters) – U.S. oil and gas producer Devon Energy is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The potential divestment comes amid continued investor pressure on Devon to streamline its portfolio …
By EnergyNow Editorial Staff The debate over renewable and conventional energy is too often presented as a choice with wind and solar on one side, oil, natural gas, nuclear and hydro on the other. That framing may be politically convenient for anti-oil and gas groups and politicians, but it bears little resemblance to the way …
Brent, WTI fall by more than 5% before paring losses Trump vows to punish Iran for Houthi Red Sea attacks Strait of Hormuz tanker crossings subdued HOUSTON, July 24 (Reuters) – Crude oil futures prices were more than 4% lower on Friday after sources said that China had initiated a push to resume stalled peace …
Oil Falls on Report China Pushing for End US-Iran War Read More »
(Reuters) – U.S. energy firms this week cut the number of rigs operating for the first time in six weeks, 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, fell by one to 587 in the week to …
US Energy Firms Cut Rigs for First Time in Six Weeks, Says Baker Hughes Read More »
(Reuters) – U.S. President Donald Trump said on Friday that he does not believe China or Russia are “participating” in the ongoing Iran conflict, but warned that if they did get involved “it would be very bad for them.” “President Xi, at our recent meeting in Beijing, China, told me that he would not, under …
Trump Warns China, Russia Against Involvement in Iran War Read More »
(Reuters) – The number of tankers crossing the Strait of Hormuz fell to just one on Thursday, the lowest level since May 7, according to shiptracking data, amid ongoing shipping risks in the Middle East and as oil prices surged back to $100 a barrel. Only one tanker crossed the Strait of Hormuz on July …
Hormuz Tanker Crossings Slip to Lowest in More Than Two Months, Data Shows Read More »
