(By Oil & Gas 360) – Operation Epic Fury was meant to send a clear signal that the United States will act to protect global energy flows when they are threatened. In the immediate sense, it appears to have worked. The operation demonstrated speed and capability, reassured allies, and reminded markets that the U.S. remains willing to intervene when critical
(Oil Price) – Britain has urged some of the world’s biggest powers to adopt clean energy at a faster pace to boost energy security during a time of geopolitical turmoil. The United Kingdom’s Chancellor of the Exchequer, Rachel Reeves, appealed to world leaders to accelerate the global green transition during the G7 Foreign Ministers’ meeting, held in France from 26th to 27th March.
(By Oil & Gas 360)- Global oil markets are no longer reacting to supply and demand; they are reacting to deadlines. With President Donald Trump declaring a final Tuesday deadline for Iran to strike a deal, tensions have entered a more binary phase: agreement or escalation. The ultimatum has raised the stakes not just diplomatically, but economically, as markets weigh
(Investing) – WASHINGTON – The U.S. nuclear power regulator voted last week to phase out agency-led security inspections at operating reactors, a move a safety advocate said represents a failure in the government’s responsibility to protect Americans from attacks on the plants. The Nuclear Regulatory Commission voted to phase out “force-on-force” inspection programs, it said on its website on Friday, a
(BOE Report) – Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows disrupted by the Iran war, industry sources said. Europe is typically the largest importer of U.S. crude, but competition has escalated with Asian buyers scouring for supply
(World Oil) – The U.S. Interior Department said it’s merging two oversight agencies to create a Marine Minerals Administration and move toward a “more modern, coordinated approach” to managing offshore resources, including critical minerals. The goal is to “improve coordination and increase efficiencies across offshore leasing, permitting, inspections and environmental oversight, while maintaining all existing regulatory protections and rigorous safety standards,”
(Investing) – LONDON – The Strait of Hormuz’s closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment routes have lost billions of dollars, a Reuters analysis found. Iran effectively shut the Strait – a route for about a fifth of global oil and LNG
