US Imposes Sanctions on Chinese Teapot Refinery for Buying Iranian Oil
By US targets Hengli Petrochemical and 40 firms, vessels for helping Iran sell oil Sanctions aim to restrict Iran’s oil exports Experts say targeting Chinese banks would have greater effect…
S&P Global Announces New Strategic Direction for Upstream Energy Business
Divests its geoscience and petroleum engineering software portfolio to global technology firm SLB in order to sharpen focus on proprietary data and insights Launches Titan, a new customer facing AI-powered…
SLB Quarterly Profit Slips as Iran War Dents Middle East Oilfield Activity
The entrance to oilfield service provider SLB’s office in Houston, Texas, showing the former Schlumberger’s new name and logo, is seen in this handout image taken June 2023. Courtesy of…
Oil Rises on Concern Over Escalating Middle East Tensions
Summary Oil on track for second-largest weekly rise since Iran war began Brent up 18% so far this week, WTI up 16% Trump says he would not set a timetable…
White House Expected to Extend Jones Act Waiver Up to 90 Days, Sources Say
(Reuters) – The White House is expected to extend the Jones Act waiver for up to 90 days as early as Friday to help blunt fuel price pressures tied to…
Cost to Build a Natural Gas-Fired Power Plant Surges 66%, BNEF Says
By Costs to build natural gas-fired power plants in the US increased 66% between 2023 and 2025 as developers propose building more projects nationwide to meet rising electricity demand, adding…
US Oil Executives Expect Crude Output to Rise as Iran War Continues, Survey Shows
(Reuters) – U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas…
THE ENERGY CRISIS – Welcome to the Age of Global Energy Shocks: Bousso
The past decade has brought a rapid succession of global energy crises, driven by military conflict, extreme weather and supply-chain snarls. As today’s highly interconnected oil and gas markets become…
Golden Pass Says First LNG Export Cargo Has Departed From Sabine Pass Terminal
Summary Destination of first shipment unclear, Reuters previously reported Italy as possible recipient Golden Pass CEO highlights milestone toward full commercial operations Only first processing unit operational, two more units…
COMMENTARY: Iran War May Crush Oil Demand Today, But Send it Soaring Long Term: Bousso
While oil demand destruction deepens with each passing day the Strait of Hormuz remains closed, the longer-term impact of the Iran war may paradoxically work in oil’s favour. Spiking energy…
