(By Oil & Gas 360) – Energy markets stayed on edge this week as supply risks tied to Iran and the Strait of Hormuz continued to drive pricing, forecasts, and policy responses. Oil pulled back from recent highs but remained elevated, while disruptions to LNG and upstream operations reinforced how quickly geopolitical shocks can tighten global balances. The story isn’t
(World Oil) – Missile strikes on Qatar’s Ras Laffan Industrial City are expected to have a prolonged impact on global LNG supply, with recovery timelines now likely to extend well beyond initial expectations, according to new analysis from Wood Mackenzie. The attacks damaged key infrastructure, including the Pearl gas-to-liquids (GTL) facility and multiple LNG trains, following earlier disruptions that had
(BOE Report) – Iranian attacks have knocked out 17% of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy’s CEO told Reuters on Thursday. Saad al-Kaabi said two of Qatar’s 14 LNG trains and one of its two gas-to-liquids (GTL) facilities were damaged in the
(Oil Price) – Asian nations that are the most exposed to the fallout of the Hormuz crisis have sealed energy deals worth $56 billion with American companies, helping advance President Trump’s energy dominance agenda. Whether this is an actual pivot from the Middle East to the U.S. is yet to be seen. The news about the financial commitments was announced by Interior Secretary
(Oil Price) – Interest in the Alaska LNG export project has spiked since the war in the Middle East choked 20% of global LNG supply and sent Asian buyers scrambling for expensive spot cargoes. Glenfarne Group, the majority owner and developer of the Alaska LNG Project, aims to sign soon binding offtake agreements with buyers and advance final investment decisions to
(Oil & Gas 360) – Getting Oil In The Forms It Is Needed Where And When Needed, Having Prices Profitable, For A While, Supports Our Bullish Oil & Natural Gas Outlook. Retail gasoline prices jumping up toward the highs of year 2024 is a cost of taking out those who kill, maim and destroy to rule. Operation Epic Fury
(Oil Price) – The Middle East war and the resulting production halt at the world’s second-largest LNG exporter, Qatar, are erasing the projected glut of the fuel that was expected before the region was set on fire, according to Morgan Stanley. Qatar’s state energy firm QatarEnergy last week halted LNG production at its Ras Laffan hub, the world’s largest LNG complex,
(Oil Price) – The global LNG shipping market has turned sharply higher in recent days, with charter rates for modern LNG carriers surging from roughly $40,000 last week to around $300,000 per day as traders scramble to secure vessels amid escalating disruption in the Middle East. According to shipbroker Fearnleys’ latest weekly LNG report, cited by Riviera Maritime Media, daily spot charter
(BOE Report) – State-owned German energy group Uniper is holding talks with Canada to expand its liquefied natural gas purchases, three people familiar with the matter said, as part of Berlin’s plans to strike a broad economic partnership and cut reliance on U.S. supplies. The discussions, which the sources said are taking place on a corporate and political level, are
(World Oil) – The turmoil unfolding in the Middle East is sparking the biggest disruption to oil and natural gas markets since Russia’s invasion of Ukraine in 2022. Qatar shut down the world’s largest LNG export facility, Saudi Arabia suspended operations at its biggest oil refinery and tanker traffic through the crucial Strait of Hormuz has all but halted. And it’s only Day 3. U.S. President Donald Trump
(Oil Price) – Texas-based EnCap Flatrock Midstream is considering a sale of gas pipeline operator Momentum Midstream in a deal that could fetch $5 billion. According to a Bloomberg report citing unnamed sources, the venture capital firm is currently talking with financial advisers to find a buyer. The sources noted that talks are in their early stages and EnCap Flatrock Midstream may
(BOE Report) – U.S. natural gas futures rose about 1% to a one-week high on Monday on near-record LNG export flows and forecasts for more demand than previously expected over the next two weeks as another winter storm buries the U.S. Northeast in snow. Gas futures for March delivery on the New York Mercantile Exchange rose 4.3 cents, or 1.4%,
