Industrial facilities that handle flammable and toxic gases face an ongoing risk of leaks that can escalate into fires, explosions, environmental impacts, and catastrophic loss. Process industries, including oil and gas, petrochemicals, and power generation, must therefore implement robust gas safety systems that not only detect leaks early but also deliver actionable alerts and mitigate risk. A layered gas detection strategy has emerged as …
Summary Geopolitical factors remain near-term key driver, analyst says US crude stocks up 5.6 million barrels last week, sources say (Reuters) – Oil prices rose about 1% on Wednesday as U.S.-Israeli strikes on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President Donald Trump suggested the U.S. Navy could …
Oil Prices up 1% as Iran Crisis Disrupts Middle East Supply Read More »
Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading day after Israel and the U.S.bombed Iran and Tehran retaliated. Hedging provides traders with opportunities to profit in times of volatility, and can help producers …
Investors, US Crude Producers Scramble to Lock in Oil Price Spike Read More »
(Reuters) – Venezuela’s oil exports fell 6.5% in February from a month earlier to some 737,000 barrels per day as more shipments to the United States and Europe could not fully offset the loss of what used to be the OPEC country’s main market, China, according to vessel monitoring data and documents from state company …
Venezuela’s Oil Exports Fell 6.5% in February With Loss of Chinese Market, Data Shows Read More »
(Reuters) – President Donald Trump said on Tuesday he had ordered the United States Development Finance Corporation to provide insurance and guarantees for the financial security of all maritime trade, including oil tankers, traveling through the Gulf region. He made the comments in a Truth Social post. Reporting by Bhargav Acharya and Ryan Patrick Jones …
Trump Says US to Provide Insurance to All Maritime Trade in Gulf Read More »
By Niccolo Conte | Graphics/Design: Anna Diederichs Key Takeaways China receives 37.7% of all oil exports that pass through the Strait of Hormuz, the most of any country. Asian countries are most affected by a closure of the strait, receiving 89.2% of the Strait’s crude oil and condensate flows. The Strait of Hormuz is one …
Charted: Oil Trade Through the Strait of Hormuz by Country – Visual Capitalist Read More »
(Reuters) – President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the U.S. government to help oil tankers in the region obtain insurance, two sources said. Global crude prices have spiked since Israeli and U.S. forces began …
(Reuters) – Iraq has cut oil production by nearly 1.5 million barrels a day and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the Iran crisis, two Iraqi oil officials told Reuters on Tuesday. As of Tuesday, Iraq …
(Reuters) – China is the world’s largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran. But the opposite is most likely the case, with China’s vast stockpile of crude a cushion against price spikes, meaning …
China Imports the Most Energy, But is Best Placed on Iran: Russell Read More »
(Reuters) – Saudi oil giant Aramco is attempting to reroute some of its crude exports to the Red Sea to bypass the Strait of Hormuz where the risk of attacks has slowed shipping to a near halt, sources said on Tuesday. The world’s largest oil firm hopes to avert production cuts by rerouting oil to …
Saudi Aramco Seeks to Reroute Crude Away From Strait of Hormuz, Sources Say Read More »
