By Anthony Hughes Oil drilling rigs near Stanton, Texas. Photographer: Justin Hamel/Bloomberg Stock sales by US-listed oil and gas producers are making March the sector’s busiest month in more than six years as the war in Iran whips up volatility and stalls capital-raising activity from other corners of the market. With West Texas Intermediate crude …
Iran War Spurs a Surge in Stock Sales From US Shale Companies Read More »
By Paul Burkhardt, Julian Lee, Anthony Di Paola, and Elena Mazneva The Ras Tanura oil refinery and oil terminal in Saudi Arabia Photographer: Simon Dawson/Bloomberg Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes …
How the Iran War Is Disrupting Global Oil and Gas Supply Read More »
By Julian Hast Fort St. Vrain Generating Station in Platteville, Colorado. Photographer: Chet Strange/Bloomberg US natural gas futures rose along with oil, which continues to climb on concerns over a prolonged disruption to energy supplies through the Strait of Hormuz. Those worries, which do not fundamentally affect the short-term US gas market, outweighed a small …
US Natural Gas Rallies With Oil on Lingering Mideast Fears Read More »
The few vessels making their way through the Strait remain a tiny fraction of the usual flow By Weilun Soon and Alex Longley A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to …
Hormuz Escape Route Suggests Ships Navigate on Iran’s Terms Read More »
LG confirmed the deal after it was mentioned in a U.S. Department of the Interior statement By Hyonhee Shin An LG Energy Solution Co. battery cell for electric vehicle displayed at the InterBattery exhibition in Seoul, South Korea, on March 17, 2022. Photo by SeongJoon Cho/Bloomberg LG Energy Solution Ltd. said it will produce US$4.3 …
LG to Supply Tesla With US$4.3 Billion of Batteries Read More »
By Ron Bousso LONDON, March 17 (Reuters) – Iran’s threat to send oil prices to $200 a barrel may sound like bombast, but as the energy crisis drags on, that outcome looks more likely than U.S. President Donald Trump’s prediction that prices will soon fall back to pre-war levels. Now in its third week, the …
COMMENTARY: Iran’s $200 Oil Threat Isn’t That Far-Fetched Read More »
By Florence Tan, Siyi Liu and Nidhi Verma Platts Dubai crude price hit record $157.66/bbl, surpass Brent’s 2008 high Dubai’s premium jumps to $60.82/bbl; Oman’s premium near $56 Record premiums stall trade, prices distorted, traders say SINGAPORE/NEW DELHI, March 16 (Reuters) – Middle East crude oil benchmarks soared to all-time highs, becoming the most expensive …
Middle East Oil Becomes Most Expensive in the World as War Cuts Supply Read More »
By Clyde Russell LAUNCESTON, Australia, March 17 (Reuters) – China continued to boost its crude oil inventories in the first two months of the year as strong imports and domestic output exceeded an increase in refinery production. China’s surplus of crude oil was 1.24 million barrels per day (bpd) in the January-February period, according to …
COMMENTARY: China Boosted Crude Stockpiles at Start of 2026, But is Not Using Them Read More »
March 17 (Reuters) – Oil loading at the United Arab Emirates port of Fujairah was at least partly halted on Tuesday after a third attack in four days caused a fire at the export terminal, while operations at the Shah gas field remained suspended after an earlier attack. The cascading disruptions threaten to completely …
Attacks on UAE’s Fujairah Port and Shah Gas Field Add to Energy Disruption Read More »
U.S. officials are drafting agreements to pay French oil major TotalEnergies about $1 billion in settlements due to the cancellation of leases for its wind farms in federal waters off New York State and North Carolina, the New York Times reported on Tuesday. Under the terms of the proposed settlements, the U.S. Interior …
