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COMMENTARY: Israel-Iran War Already Takes Toll on Oil and Gas Sector – Bousso

CDN and International News, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, Oil / By

(Reuters) – Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries’ escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries. Benchmark Brent crude oil prices jumped 7% to …

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Beijing Has More at Stake in Iran Besides Just Oil

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

By Ka Sing Chan HONG KONG, June 17 (Reuters) – Beijing has far more at stake in Iran besides just oil. China has not only benefited from importing heavily discounted Iranian crude, it has inched up its strategic infrastructure investments into the country since the duo signed a $400 billion pact in 2021. If the …

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Chevron Makes First Foray Into Lithium With Smackover Deals

Critical Minerals, Energy Topics & Technology, Latest, US News / By

By Kevin Crowley Chevron Corp. made its first foray into lithium with two acreage deals in northeast Texas and southwest Arkansas aimed at building a domestic “commercial scale” business. Chevron acquired 125,000 net acres from TerraVolta Resources LLC and East Texas Natural Resources LLC in the Smackover Formation, an underground rock formation that holds high …

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PetroChina Eyes North American LNG Volumes to Reduce Risk, Says Exec

Conventional Energy, Latest, LNG, US News / By

PetroChina International, the trading arm of the Chinese oil major, says it is interested in North American liquefied natural gas supplies as it seeks to reduce trading risk by seeking flexibility in supply deals, said a company executive on Tuesday. “If I look at our portfolio today, I think we’re slightly overweight on duration. I …

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Commonwealth LNG Confirms 20-Year Sale and Purchase Agreement with PETRONAS

Conventional Energy, Latest, LNG, Pinned Primary, Press Releases, US News / By

HOUSTON, June 17, 2025 /PRNewswire/ — Commonwealth LNG (“Commonwealth”) today identified PETRONAS LNG Ltd. (“PETRONAS”), a subsidiary of Malaysia’s national oil and gas company, as the major Asian energy company referenced in the company’s May 5 announcement of a buyer to purchase 1 million tonnes per annum (MTPA) of LNG for 20 years from Commonwealth’s 9.5 MTPA facility …

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Two Oil Tankers Collide and Catch Fire Near Strait of Hormuz

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

 Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported.With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route …

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Solar Stocks Drop after Senate Proposal to Phase Out Tax Credits by 2028

Latest, Renewable Energy, Solar, US News / By

(Reuters) – U.S. solar stocks dropped in premarket trading on Tuesday after a Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028, as part of changes suggested to President Donald Trump’s sweeping tax-cut and spending bill. Solar inverter maker Enphase Energy was among the biggest decliners on the S&P …

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World Oil Demand to Keep Growing this Decade Despite 2027 China Peak, IEA Says

Conventional Energy, Latest, Oil, US News / By

Summary IEA forecasts oil demand peak at 105.6 million bpd by 2029 China’s oil demand to peak in 2027 due to EV growth US demand boosted by lower gasoline prices, slower EV adoption IEA sharply cuts prediction for US EV adoption in 2030 LONDON, June 17 (Reuters) – Global oil demand will keep growing until …

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Why the Strait of Hormuz Is Vital, and Risky, for Shipping

CDN and International News, Latest / By

By Julian Lee The proximity to land leaves vessels open to attack from shore-based missiles or interception by patrol boats and helicopters.Photographer: Karim Sahib/AFP/Getty Images The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, is rarely far from the center of global tensions. A major shipping route that handles around …

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