CERAWeek Energy Conference Returns to Houston as Iran Conflict Rocks Global Energy Markets

(Reuters) – The world’s top energy executives return to Houston next week as the escalating U.S.-Israeli war on Iran has become a nightmare for energy markets, as unprecedented attacks on…

Oil Jumps to Highest Settlement Since July 2022 as More Mideast Supply Disrupted

By US deploys more troops to Middle East, Trump comments on Iran Iraq declares force majeure on some oilfields Strait of Hormuz disruptions keep oil prices high, analysts say HOUSTON,…

US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Says Baker Hughes

By NEW YORK, March 20 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time ​in three weeks, energy…

Locked Out BP Workers Picket Outside Indiana Refinery Amid Labor Contract Dispute

Workers at BP’s Whiting, Indiana, refinery began picketing on Thursday after the British oil major barred more than 800 union members from entering the facility, following months of stalled contract…

North Dakota Operators Likely to Increase Crude Output in March, Regulator Says

(Reuters) – North Dakota crude output is expected to rise in March and the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are…

US Crude Heads to Asia via Panama Canal as Iran Crisis Redraws Trade Flows

(Reuters) – Asian refiners are increasingly sending medium-sized crude cargoes from the U.S. Gulf Coast to Asia through the Panama Canal as the U.S.-Israeli war with Iran disrupts trade flows,…

Tanker Carrying Fuel Originally Bound for Cuba Diverts to Trinidad, Shipping Data Shows

By Vessel Sea Horse had loaded a Russia-origin cargo earlier this year US Treasury said a waiver to Russian ​cargoes does not cover sales to Cuba March 20 (Reuters) –…

Oil Inches Higher as Iran Strikes Kuwait’s Mina Al-Ahmadi Refinery

Kuwait’s Mina Al-Ahmadi refinery was hit by Iranian drones early on Friday in attacks that caused a fire in several units at the facility, as the war in the Middle…

Buyers Scramble for Seaborne Oil as Middle East War Continues

The most immediate buffer to avoid oil supply shortages—crude in floating storage—is being depleted at a rapid rate as buyers scramble to get their hands on volumes sitting on tankers…

Two Russian Cargoes Offer Temporary Relief for Cuba’s Energy Emergency

Cuba is set to soon receive two Russian cargoes of crude and diesel amid the U.S. energy blockade that has caused an unprecedented power crisis in the country.   The shipments…