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Oil Jumps to Highest Settlement Since July 2022 as More Mideast Supply Disrupted

By Georgina Mccartney US deploys more troops to Middle East, Trump comments on Iran Iraq declares force majeure on some oilfields Strait of Hormuz disruptions keep oil prices high, analysts say HOUSTON, March 20 (Reuters) – Oil prices jumped on Friday and settled at their highest in nearly four years, as Iraq declared force majeure …

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Iraq Declares Force Majeure on Foreign-Operated Oilfields Over Hormuz Disruption, Sources Say

(Reuters) – Iraq has declared force majeure on all oilfields developed by foreign oil companies, as military operations in the region have disrupted navigation through the Strait of Hormuz, preventing most of the country’s crude exports from moving, oil ministry sources said. Reporting by Aref Mohammed and Ahmed Rasheed, Editing by Louise Heavens

CERAWeek Energy Conference Returns to Houston as Iran Conflict Rocks Global Energy Markets

(Reuters) – The world’s top energy executives return to Houston next week as the escalating U.S.-Israeli war on Iran has become a nightmare for energy markets, as unprecedented attacks on infrastructure and shipping disruptions sent global oil prices soaring while governments scrambled to fight inflation and avoid recessions. Global oil prices jumped this week, hitting …

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India Sees Qatar LNG Supply Cut After Iran Strike

(Reuters) – Liquefied natural gas (LNG) supplies from Qatar to India could be impacted following Iranian strikes on energy facilities in the Middle Eastern nation, a government official said on Friday. India, the world’s fourth-largest LNG importer, relies on Qatar for about 41% of its gas imports. In 2024/25, India imported over 27 million metric …

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Tanker Carrying Fuel Originally Bound for Cuba Diverts to Trinidad, Shipping Data Shows

By Marianna Parraga Vessel Sea Horse had loaded a Russia-origin cargo earlier this year US Treasury said a waiver to Russian ​cargoes does not cover sales to Cuba March 20 (Reuters) – A ‌tanker carrying fuel originally bound for Cuba on Friday changed its destination to Trinidad and Tobago, according to LSEG ship-tracking data, a …

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TC Energy Could be Open to Return to B.C. LNG Pipeline Project as Global Gas Crunch Threatens

CEO says Iran war has bolstered the outlook for the Ksi Lisims LNG project which will need a pipeline partner By Meghan Potkins Two years after exiting a key pipeline project tied to a proposed new liquefied natural gas terminal on British Columbia’s coast, TC Energy Corp. chief executive François Poirier says the company could …

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Australia PM Albanese Has Asked Treasury to Model a Tax on Windfall Gas Profits, ABC Reports

(Reuters) – Prime Minister Anthony Albanese has asked Australia’s Treasury to model options for a tax on the windfall profits of gas companies, the Australian Broadcasting Corporation reported on Friday, as well as to suggest reforms to the Petroleum Resources Rent Tax ahead of the annual budget in May. Australia is the world’s third-largest LNG …

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US Crude Heads to Asia via Panama Canal as Iran Crisis Redraws Trade Flows

(Reuters) – Asian refiners are increasingly sending medium-sized crude cargoes from the U.S. Gulf Coast to Asia through the Panama Canal as the U.S.-Israeli war with Iran disrupts trade flows, raises shipping costs and forces Asian refiners to hunt for alternative supplies. The use of medium-sized tankers that typically cost more per barrel to transport …

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North Dakota Operators Likely to Increase Crude Output in March, Regulator Says

(Reuters) – North Dakota crude output is expected to rise in March and the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are eased, the state’s regulator said on Thursday. The North Dakota Department of Mineral Resources said, however, that the pace of activity would depend on how …

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NextEra Energy Receives Approval From President Donald J. Trump to Develop up to 10 GW of Natural Gas‑Powered Generation to Meet Nation’s Historic Power Demand

JUNO BEACH, Fla., March 19, 2026 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE), the largest energy infrastructure builder in the United States, confirmed today that President Donald J. Trump has approved the development of up to 10 gigawatts of natural gas?powered generation in Texas and Pennsylvania. The approval, made in connection with Japan’s $550 billion …

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