(Reuters) – Saudi Aramco shut down its 400,000 barrel per day Jazan oil refinery in Saudi Arabia on July 27 following an attack by Yemen’s Houthi militants on Saturday, a note from consultancy IIR seen by Reuters showed. The attack damaged the plant’s Integrated Gasification Combined Cycle (IGCC) complex and the tank farm area, the …
Saudi Aramco Shuts Jazan Oil Refinery After Attack, IIR Note Shows Read More »
(Reuters) – The number of vessels passing through Bab el-Mandeb rose to 28 on Monday, a four-day high, while traffic through the Strait of Hormuz remained low, according to Kpler shipping data, amid optimism about a potential resolution to the U.S.-Iran conflict. Traffic was still below the month’s peak of 46 vessels recorded on July …
Bab el-Mandeb Shipping Rises Amid Hopes of Resolution in US-Iran War Read More »
By Reuters July 28 – OPEC+ is likely to pause its gradual oil output hikes after September for the rest of 2026, four sources said, as it needs to have additional talks before deciding its output quotas for 2027. OPEC and Russian authorities did not immediately respond to requests for comment.
(Reuters) – U.S. utility CenterPoint Energy beat Wall Street estimates for second-quarter profit on Tuesday and increased its 10-year capital investment plan by $1.2 billion, aided by rising power demand in the Houston service territory. Utilities are pouring billions of dollars into capital spending as they field massive requests for new power capacity from Big …
CenterPoint Energy Beats Q2 Profit Estimates, Boosts 10-Year Capital Investment Plan Read More »
Alberta’s Danielle Smith spent three years fighting with the previous government. Now she has an ally in Ottawa also keen to sell more of the country’s oil to the world. By Iain Boekhoff Smith at a pancake breakfast during the Calgary Stampede. Photographer: Kelsey McMillan for Bloomberg Businessweek It’s midafternoon, and Alberta Premier Danielle Smith is being …
ENERGY NORTH: Canada’s Trump Administration Friendly Premier Advances Her Pro-Oil Agenda Read More »
Summa Australia to conduct feasibility study for refinery Project to help boost sovereign capability, PM says Treasury warns oil market has become more vulnerable (Reuters) – Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas …
Australia Plans First Domestic Oil Refinery in 60 years to Boost Fuel Security Read More »
By Tim McLaughlin Order lets SPP use backup generators before a level three emergency alert SPP’s West region will remain under a conservative operations advisory until Aug 1 Friday import losses left SPP with thin reserves, but voluntary conservation avoided outages July 26 (Reuters) – The U.S. Energy Department on Sunday issued an emergency order …
US Energy Department Orders More Power Resources for Western Electric Grid Read More »
Trump pauses attacks to allow more time for diplomacy, US ambassador says Trump threatens strong military action if talks with Iran fail Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting terminal closure, source says NEW YORK, July 27 (Reuters) – Oil prices fell on Monday, settling …
Oil Prices Settle at Lowest in Over a Week, as US Pauses Attacks on Iran Read More »
(Reuters) – U.S. natural gas futures slid about 4% to an 11-week low on Monday on record output, lower flows to liquefied natural gas export plants, and ample amounts of gas in storage. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 10.4 cents, or 3.6%, to settle at $2.767 per …
US Natural Gas Prices Fall 4% to 11-Week Low on Record Output Read More »
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 3.7 million barrels to 307.7 million barrels last week, the lowest level since March 1983, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. Reporting …
