Petronas Sees No Disruption from Mideast War for Now
Malaysian energy giant Petroliam Nasional Bhd. said it is closely monitoring the conflict in the Middle East even though it has seen no direct impact on its operations so far.…
U.S. Gasoline Tops $3 as Iran Conflict Sends Fuel Prices Higher
Average U.S. gasoline prices climbed above $3 per gallon on Monday for the first time since November, as escalating conflict with Iran rippled through global energy markets and pushed crude…
Chevron Declares Force Majeure as Israel Shuts Leviathan Gas Field
Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than…
BlackRock, EQT To Acquire AES Corp. in $33.4B Deal
A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and EQT AB have agreed to acquire global power utility, AES Corp. (NYSE:AES), for $15 per share in cash, totaling an enterprise…
Infrastructure attacks, Hormuz shutdown driving oil surge, analysts say
(WO) – Oil futures extended gains as the U.S.-Iran conflict widens and energy infrastructure across the Middle East comes under attack, according to Sasha Foss, Energy Analyst at CSC Commodities,…
Global Gas Markets Shocked as Qatar Ceases LNG Production
Qatar’s state-owned energy giant QatarEnergy has stopped all liquefied natural gas (LNG) production, shutting down the country’s entire LNG output after Iranian drone strikes hit its major facilities at Ras…
Shipping Costs Surge as Insurers Drop War Risk Protection in Gulf
The world’s biggest maritime insurers and insurers’ clubs are ending war risk coverage for vessels transiting the Persian Gulf and the Strait of Hormuz, following the escalation of the conflict…
