Hormuz Traffic Slows to Two-Month Low as Renewed US, Iran Strikes Raise Safety Risk

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

By Jonathan Saul and Florence Tan LONDON/SINGAPORE, July 13 (Reuters) – The number of tankers transiting the Strait of Hormuz fell in the past day to the lowest level in two months, shipping data showed on Monday, as renewed strikes between the U.S. and Iran and attacks on vessels heightened safety concerns. Shipping ​industry sources …

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Oil Gains Over 5% as Trump Says US Reinstating Iran Naval Blockade

Conventional Energy, Latest, Oil, US News / By

By Georgina Mccartney Both sides have renewed strikes Iran says will not allow Washington to intervene in the Strait of Hormuz Cargo traffic had already begun to slow as tensions had increased HOUSTON, July 13 (Reuters) – Oil prices jumped more than 5% on Monday after U.S. President Donald Trump said the ​United States was …

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Crude Stocks in US Strategic Reserve Fall 3 Million Barrels to Lowest Level Since 1983

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

(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 3 million barrels last week to 316.5 million barrels, the lowest level since April 1983, according to data from the Department of Energy. The drawdowns are a part of a U.S. agreement to release 172 million barrels from the facility. …

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Williams Announces $5.34 Billion Investment in Power Innovation Joint Venture from Blackstone

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Transaction led by Blackstone, in partnership with Apollo and KKR TULSA, Okla.–(BUSINESS WIRE)–Williams (NYSE: WMB) announced today that it has signed an agreement led by funds managed by Blackstone Credit & Insurance (“Blackstone”), in partnership with Apollo and insurance vehicles and accounts managed by KKR, to support the development of its five announced behind-the-meter Power …

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UN Shipping Agency Opposes Fees for Any Strait, More Details Sought on Trump Post on Cargo Charge

Conventional Energy, Latest, LNG, Oil, US News / By

(Reuters) – More details are awaited after U.S. President Donald Trump said in a post that Washington was reinstating a naval blockade on Iran and would be reimbursed 20% on all cargo shipped through the Strait of Hormuz, the U.N.’s shipping agency said on Monday. “We are aware of the post and awaiting more details,” …

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Iraq’s Prime Minister Seeks Big Energy Investments on US Trip

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

By Ahmed Rasheed and Muayad Hameed Zaidi bets on US companies to bolster energy sector Iran war dealt major blow to Iraq’s economy Zaidi expected to discuss deals with Trump BAGHDAD, July 13 – Iraq’s new Prime Minister Ali al-Zaidi aims to secure major U.S. investment in his country’s oil, gas, and power sectors during …

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Canada’s Greenfire Resources to Buy Connacher for About USD $900 Million

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(Reuters) – Greenfire Resources said on Monday that it has agreed to acquire privately held Connacher Oil and Gas Limited for around C$1.27 billion ($900 million) in cash. On a combined basis, Greenfire’s 2026 production is expected to rise to about 34,000 barrels per day, with combined reserves of 850 million barrels, with a long-term …

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Asia’s LNG Imports Recover, Drawing Cargoes From Needy Europe: Russell

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

(Reuters) – Asia’s imports of liquefied natural gas (LNG) are poised to hit a six-month high in July while Europe’s imports plunge to their lowest in nearly two years. While some of the strength in Asia is because of seasonal demand during the summer peak, the weakness in Europe underscores just how far the second-biggest …

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Cheap Drones Turn Energy into the Global Economy’s Weak Spot: Bousso

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

  Cheap, mass-produced drones have transformed modern warfare, exposing critical energy infrastructure as an Achilles’ heel for modern economies. Lessons from the battlefields of Ukraine, Russia and the Middle East have shown how unmanned aircraft can evade traditional air defences, turning oil refineries, power stations, export terminals and pipelines into prime targets. The implications for …

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TRUMP WANTS CONTROL: Trump Says the US Will Control Strait of Hormuz and Get Paid For Tt

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  President Donald Trump said on Monday that the United States would probably take over the Strait of Hormuz and should be reimbursed for controlling the vital waterway. “We’re going to keep the strait, and we’ll probably run it. We’ll become the guardian of the strait. Maybe we’ll call it the guardian angel of the …

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