(Reuters) – Most oil and gas majors operate in the Middle East, where the U.S.-Israeli war on Iran has disrupted shipping and output. Shell’s Pearl plant and Saudi Arabia’s SAMREF refinery were reported damaged, while TotalEnergies said 15% of production is offline. Here are some details on the majors’ production in the region, in alphabetical …
Shell plc, London, March 19, 2026 Qatar Update The safety and security of Shell’s employees and contractors is our highest priority. Shell continues to work closely with local authorities, our partners and customers. LNG production in Qatar has been shut down since early March. During the evening of 18th March, an attack on Ras Laffan Industrial …
(Reuters) – The Saudi port of Yanbu, one of two major remaining export routes for Gulf Arab oil after Iran effectively shut the Strait of Hormuz, has stopped oil loadings, two sources told Reuters on Thursday, after the Saudi defence ministry said it intercepted a ballistic missile over the city. The ministry said earlier that …
Saudi Port of Yanbu Stops Oil Loadings, Two Sources Say Read More »
(Reuters) – A prolonged U.S.-Israeli war with Iran could push buyers to non-Middle East suppliers such as the U.S. and Canada, said a senior executive at Japan’s biggest power generator JERA, as the conflict spreads to energy infrastructure across the region. “With 90 million metric tons from the Middle East absent from the global LNG …
Prolonged Iran Crisis to Push Buyers to Non-Mideast Supply, JERA Executive Says Read More »
Summary Iranian missile attacks cause extensive damage to Qatar’s LNG facilities Trump warns of massive response if Iran attacks Qatari LNG again Fires after drone attacks target Kuwait’s Mina al-Ahmadi, Mina Abdullah refineries Drone falls in Aramco-Exxon SAMREF refinery, missile towards Yanbu intercepted UAE shuts gas facilities after intercepting missiles, no injuries reported (Reuters) – …
Iran Targets Energy Facilities Across Gulf After Israel Struck its Key Gas Installations Read More »
Understanding the relationship between West Texas Intermediate (WTI) and Brent Crude is essential for navigating energy markets. These two benchmarks represent different regions, qualities, and logistical realities, and their price difference—the Brent-WTI spread—serves as a vital indicator of global energy health. Core Differences Between WTI and Brent Geographic Origin: WTI: Primarily sourced from U.S. fields …
The U.S. government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska’s National Petroleum Reserve, attracting $163 million in winning bids from industry players including ExxonMobil, ConocoPhillips, Repsol and Shell. The sale appeared to show pent-up demand from drillers for acreage in the reserve after more than six years without …
By Yomna Ehab and Jaidaa Taha March 18 (Reuters) – Qatar’s state oil giant QatarEnergy said on Wednesday that Iranian missile attacks on Ras Laffan, the site of the country’s core LNG processing operations, caused “extensive damage.” “Emergency response teams were deployed immediately to contain the resulting fires,” the world’s second-largest LNG exporter said in …
QatarEnergy Reports ‘Extensive Damage’ After Missile Attacks on Ras Laffan Read More »
By Bo Erickson and Jarrett Renshaw WASHINGTON, March 18 (Reuters) – U.S. Vice President JD Vance and Energy Secretary Chris Wright will meet on Thursday with the American Petroleum Institute, the nation’s largest oil trade group, as the Trump administration looks to ease rising gas prices. In the third week of the Iran war, Vance …
Vance to Meet With Oil Trade Group, Acknowledges ‘Rough Road Ahead’ on Gas Prices Read More »
By Georgina Mccartney and Siddharth Cavale U.S.-Israeli war on Iran disrupts Middle East oil supply Brent gains outpace WTI due to Mideast infrastructure attacks US to release172 million barrels to tame prices, pressuring WTI HOUSTON/New York, March 18 (Reuters) – The discount for U.S. crude futures versus Brent on Wednesday hit the widest in 11 …
US Oil Exports Seen Rising as WTI Discount to Brent Hits Widest in 11 Years Read More »
