Qatar’s LNG Shutdown Sends Shockwaves Through Global Gas Markets
QatarEnergy’s shutdown of its LNG production complex has resulted in a streak of five days with zero shipments of the superchilled fuel, according to Kpler data cited by Bloomberg. This…
Chevron and Shell Move Closer to New Oil Deals in Venezuela
Chevron and Shell are reportedly close to sealing deals for oil production in Venezuela following the United States’ takeover of the country’s energy industry, Reuters wrote, citing unnamed sources. Both…
US Crude Oil Inventories Sag As Iran War Bolsters Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.7 million barrels in the week ending March 6, after adding 5.6 million barrels…
Oil Supply Risks Mount as Iran Lays Mines in Strait of Hormuz
Iran has begun laying naval mines in the strategically vital Strait of Hormuz, according to two people familiar with U.S. intelligence reporting, in what analysts warn could extend the effective…
War Creating Most Severe Energy Disruption Since 1970s
The escalating war between the U.S., Israel, and Iran is creating the most severe disruption to global energy markets since the 1970s, GlobalData said in a statement sent to Rigzone…
