(Reuters) – The insurance cost of shipping goods through the Middle East Gulf has surged as much as five times in the past 48 hours since the U.S. and Israeli began airstrikes on Iran, with most underwriters not offering cover for any sailings through the Strait of Hormuz, insurance industry sources said on Monday. War …
Mideast Gulf Ship Insurance Costs Soar as US-Iran War Escalates, Say Sources Read More »
QatarEnergy has stopped production of liquefied natural gas (LNG) and related products following military attacks on its operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said on Monday. The state-owned energy firm did not provide details on the extent of the damage or how long the suspension would last. QatarEnergy …
QatarEnergy Halts LNG Production After Military Attacks on Facilities Read More »
(Reuters) – Insurance companies are cancelling war risk coverage for vessels in the Gulf as the widening Iran conflict disrupted shipping, leaving at least four tankers damaged, a seafarer killed and 150 ships stranded around the Strait of Hormuz. Shipping through the strait between Iran and Oman, which carries around one fifth of oil consumed …
Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged Read More »
Venture Global said on Monday its adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana, sending its shares up nearly 9% in premarket trading. In 2025, the U.S. became the first country to export more than 100 million metric tons (mmt) of liquefied …
Venture Global’s Quarterly Core Profit Nearly Triples on Higher LNG Sales Volumes Read More »
Clyde Russell (Reuters) – The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence. Adding about 0.2% of global oil demand to supply a month from now is little more than a symbolic …
Forget OPEC+ Output Hike – Duration of Hormuz Disruption is What Matters Read More »
Summary South Bow’s plan to revive KXL needs additional links in US Proposal leverages existing infrastructure in Canada Environmental, Indigenous opposition likely for South Bow’s pipeline expansion (Reuters) – A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada’s crude exports to the U.S. …
(Reuters) – U.S. average retail gasoline prices are set to break above $3 a gallon on Monday for the first time in more than three months as the conflict between the United States and major oil producer Iran interrupts global oil flows, analysts said. That’s potentially a major risk for President Donald Trump and his Republican Party …
US Gasoline Prices to Rise After Attack on Iran, Analysts Warn Read More »
Israel hits Tehran again after killing Khamenei Missiles hit 3 tankers off Gulf coast Hundreds of ships drop anchor in Middle East Gulf, data shows SINGAPORE, March 2 (Reuters) – Oil prices jumped 7% to their highest levels in months on Monday as Iran and Israel stepped up attacks in the Middle East, damaging …
Takeaways by Bloomberg AI The US reported the first Americans killed in a war with Iran as each side pledged escalating strikes in the days ahead. Iran’s retaliation has spread across the region in the wake of massive missile attacks that killed Supreme Leader Ayatollah Ali Khamenei and other senior officials. Oil and other markets …
Key Things to Know About the US-Israel Conflict With Tehran Read More »
Abel emphasizes trust, Berkshire values Analysts say Abel struck the right tone Berkshire reports declining profit for Q4, 2025 (Reuters) – Berkshire Hathaway’s new Chief Executive Greg Abel moved to put his stamp on the conglomerate with his first annual letter to shareholders on Saturday, pledging to maintain its “fortress-like” balance sheet and uphold the …
Berkshire CEO Abel Seeks to Reassure Shareholders After Taking Baton From Buffett Read More »
