Oil Sharply Reprices Lower
Oil has sharply repriced lower into the mid-$90s, Naeem Aslam, CIO at Zaye Capital Markets, said in a statement sent to Rigzone on Wednesday. In the statement, Aslam highlighted that…
Jet Fuel Shortages May Persist for Months After Hormuz Reopens
The restoration of normal jet fuel flows around the world will take months, even if Iran reopens the Strait of Hormuz today, the head of the International Air Transport Association…
Malaysian Tanker With Iraqi Crude Passes Through Hormuz
Yet another tanker has passed through the Strait of Hormuz in the latest sign of a modest restoration of oil flows via the chokepoint. The tanker is operated by Malaysia’s…
Oil Prices Plunge Below $100 as Trump Announces Iran Ceasefire
Oil prices plunged below $100 in early Asian trading on Wednesday after President Trump announced a conditional two-week ceasefire agreement with Iran. At the time of writing, WTI had dropped…
Caturus’s Louisiana LNG facility nears FID
US natural gas producer Caturus expects to reach a final investment decision (FID) on its Commonwealth LNG export terminal in Louisiana in the coming weeks. The company expects the facility…
Iran, US Eke Out Truce
The US and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz, a last-ditch deal that averted President Donald Trump’s threatened escalation of the…
Rift Helium to list on London AIM market
Primary exploration firm Rift Helium is to list on London Stock Exchange’s Alternative Investment Market (AIM) market from the middle of April. The company has already raised £8m which will…
Rift Helium to list on London AIM market
Primary exploration firm Rift Helium is to list on London Stock Exchange’s Alternative Investment Market (AIM) market from the middle of April. The company has already raised £8m which will…
US Crude Oil Inventories Continue to Grow As Global Supply Shock Keeps Prices Up
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 3.719 million barrels in the week ending April 3. In the week prior, US crude…
Physical Crude Hits Record Highs
Oil prices pulled back on Tuesday while physical crude markets surged to record highs, with traders taking a breather even as the underlying supply crisis worsens. WTI crude was trading…
