By Dave Sherwood and Ayose Naranjo HAVANA, July 6 (Reuters) – Cuba began to slowly restore power on Monday after the country’s national electric grid collapsed earlier in the day, the latest blow to an island already suffering from severe energy, fuel and medicine shortages. Grid operator UNE said it was providing electricity to some …
Cuba Begins to Restore Power to Havana Following Nationwide Blackout Read More »
In the last week alone, Sinokor has sent at least 20 supertankers into the Gulf, enough to carry 40 million barrels of crude By Weilun Soon, Alex Longley and Anthony Di Paola Just a few weeks into the war, one of the Persian Gulf’s top oil producers quietly began sneaking its crude out of the …
The Tanker Tycoon Making Millions on Hormuz Shuttle Runs Read More »
Summary UAE output topped 3.8 million bpd weeks after OPEC exit, sources say Record production vindicates Abu Dhabi’s push for quota freedom UAE outpaced Gulf peers in restoring pre-Iran war oil supply (Reuters) – The United Arab Emirates raised its crude output to near record highs above 3.8 million barrels per day in June …
UAE Crude Output Nears Record Following OPEC Exit, Sources Say Read More »
(Reuters) – Global liquefied natural gas trade hit a record last year as strong U.S. exports and rising European imports offset weaker Asian purchases, the International Gas Union said in a report on Wednesday. Conflict in the Middle East could lead to a contraction in 2026, however, it warned. “The conflict in the Gulf has damaged LNG …
Global LNG Trade Hit Record in 2025, But Middle East Conflict Clouds Outlook, IGU Says Read More »
July 6 (Reuters) – More than 373,000 homes and businesses were without power as of Monday due to extreme weather conditions across several areas of the United States, according to data from PowerOutage.us. Pennsylvania was the hardest hit, with over 70,000 outages, according to the data. The utility with the most outages was FirstEnergy, where around 59,775 …
More Than 373,000 US Customers Without Power Due to Extreme Weather Read More »
Alberta and Ontario proposed the Northern Shield Energy Corridor, a crude oil pipeline and energy corridor across Canada, to reduce the country’s dependence on the US. The proposed pipeline would carry about 500,000 barrels of oil a day for domestic use and export markets, and could expand to 800,000 barrels a day. A feasibility study …
Ontario, Alberta Pitch Cross-Canada Oil Pipeline to Ease US Reliance Read More »
Oil gained following attacks on vessels in the Strait of Hormuz, highlighting continued risks to traffic in the waterway. Brent rose toward $73 a barrel, while West Texas Intermediate was above $69. A tanker traveling south reported being hit about 8 nautical miles east of Limah, Oman, causing a fire, UK Maritime Trade Operations said. The vessel …
Oil Climbs as Fresh Tanker Strike Highlights Risks Around Hormuz Read More »
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by 6.2 million barrels in the week ending July 3 to 319.5 million barrels, the lowest level since April 1983, according to data from the Department of Energy. The drawdown is part of a U.S. agreement to release 172 million barrels from …
Oil Stocks in US Strategic Petroleum Reserve Fall to Lowest Level Since 1983 Read More »
(Reuters) – Cuba’s national electric grid collapsed on Monday at midday, the country’s grid operator said, leaving around 10 million people on the Caribbean island without power. Grid operator UNE said it was investigating the cause of the nationwide blackout. Cuba has for months suffered from hours-long, and more recently, days-long power outages linked in …
Cuba’s National Electric Grid Collapses, Reason Unknown Read More »
(Reuters) – Alberta and Ontario on Monday proposed a new 2,050-mile (3,300-km) crude oil pipeline between the two Canadian provinces that they said would initially move 500,000 barrels per day and reduce reliance on foreign markets. * The proposed pipeline would run from Hardisty, Alberta, to refineries in Sarnia, Ontario, and could eventually move 800,000 …
Alberta and Ontario Propose New 2,050-Mile Canada Oil Pipeline Read More »
