Iran Warns Gulf Nations of Major Response
Iran warned countries around the Persian Gulf that a number of energy assets are now “legitimate targets” after Israel its giant South Pars gas field, sending further shockwaves through oil and…
Iraq and Kurdistan Strike Deal to Restart Key Oil Pipeline
The governments of Iraq and the semi-autonomous region of Kurdistan have reached an agreement on the terms to restart the flow of oil via the Kirkuk-Ceyhan oil pipeline, starting today.…
U.S. Waiver Fuels Surge in India’s Russian Crude Imports
India is winning the competition with China to attract Russian crude cargoes with vessels turning mid-voyage away from their previous Chinese destinations and heading for India, as the U.S. waiver…
Norway’s Equinor Makes Oil Discovery Near Huge Arctic Field
Equinor has made an oil discovery in a wildcat well in a prospect close to the giant Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on…
Only 90 Ships Have Crossed Hormuz Since War Broke Out
A total of some 90 ships have passed through the Strait of Hormuz since the U.S. and Israel started bombing Iran earlier this month, according to data from maritime traffic…
Fire at Libya’s Sharara Field Triggers Oil Flow Reroute
A pipeline leak at Libya’s largest oil field, Sharara, caused a fire on Thursday, prompting a redirection of the flow of oil, the National Oil Corporation said in a statement.…
JP Morgan Flags Oil Price ‘Misalignment’
In an oil flash note sent to Rigzone late Tuesday by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, analysts at the company, including Kaneva, flagged an oil price…
US Crude Oil Inventories See Surprise Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.556 million barrels in the week ending March 13—a surprise build of significant magnitude.…
