Friday, August 21, 2026
Ras Laffan attacks could reshape global LNG supply as outage timeline extends- oil and gas 360

Ras Laffan attacks could reshape global LNG supply as outage timeline extends

(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

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 35 Bcf

Natural Gas Inventories as of March 13, 2026 The EIA has released its natural gas inventory report, showing a net increase of 35 Bcf as of March 13, 2026. Working gas in storage was 1,883 Bcf as of Friday, March 13, 2026, according to EIA estimates. This represents a net increase of 35 Bcf from the previous week. Stocks were

Brent nears $110/bbl after attack on world’s largest natural gas field in Iran- oil and gas 360

Brent nears $110/bbl after attack on world’s largest natural gas field in Iran

(Investing) – Oil prices surged on Wednesday, with global benchmark Brent nearing $110 a barrel after an attack to the largest natural gas field in the world shared by Iran and Qatar.   At 10:57 ET (14:57 GMT), Brent oil futures advanced 5.8% to $109.51 a barrel, while U.S. West Texas Intermediate crude futures climbed 2.7% to $98.09 a barrel. Qatar condemns attack on Iran’s

The United States: The world's marginal producer of the cleanest, most reliable barrels- oil and gas 360

The United States: The world’s marginal producer of the cleanest, most reliable barrels

(Oil & Gas 360) By Greg Barnett, MBA – The global energy system depends on one supplier more than any other to balance markets, stabilize prices and step in when the world needs additional crude oil or natural gas. That supplier is the United States. Through scalability, operational integrity and the lowest emissions intensity among major producers, the U.S. has become

UAE halts Shah Gas field after Iranian drone attack- oil and gas 360

UAE halts Shah Gas field after Iranian drone attack

(Oil Price) – The United Arab Emirates has suspended operations at a key natural gas field in Abu Dhabi following the first direct attack on a producing field in the UAE as Iran escalates its drone-strike war against energy assets in the Gulf. “Abu Dhabi authorities and relevant response teams have contained and brought under control a fire that broke out

Europe’s Natural Gas Price Spike: Structural Policy Choices Come Home to Roost- oil and gas 360- oil and gas 360

Europe’s Natural Gas Price Spike: Structural Policy Choices Come Home to Roost

(Oil & Gas 360) By Greg Barnett, MBA – European natural gas prices have spiked sharply once again, underscoring that Europe’s energy vulnerability is structural rather than cyclical. After trading in a relatively narrow range through much of January and February 2026, prices surged abruptly in early March. The scale and speed of the move reinforce how exposed Europe remains

Eni discovers more than 1 Tcf of gas offshore Libya near Bahr Essalam field- oil and gas 360

Eni discovers more than 1 Tcf of gas offshore Libya near Bahr Essalam field

(World Oil) – The discoveries were made at the Bahr Essalam South 2 (BESS-2) and Bahr Essalam South 3 (BESS-3) structures, located about 85 km offshore in roughly 650 ft of water and approximately 16 km south of the Bahr Essalam gas field. The wells—B2-16/4 and C1-16/4—encountered gas-bearing intervals within the Metlaoui Formation, the main producing reservoir in the area. According

RWE to invest $19 billion in U.S. gas power as demand jumps- oil and gas 360

RWE to invest $19 billion in U.S. gas power as demand jumps

(Oil Price) – Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation. RWE – which ditched U.S. offshore wind last year after the Trump Administration signaled renewables would not be a priority and wouldn’t be supported going forward – is now betting

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 38 Bcf

Natural Gas Inventories as of March 6, 2026 The EIA has released its natural gas inventory report, showing a net decrease of 38 Bcf as of March 6, 2026. Working gas in storage was 1,848 Bcf as of Friday, March 6, 2026, according to EIA estimates. This represents a net decrease of 38 Bcf from the previous week. Stocks were

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 132 Bcf

Natural Gas Inventories as of February 27, 2026 The EIA has released its natural gas inventory report, showing a net decrease of 132 Bcf as of February 27, 2026. Working gas in storage was 1,886 Bcf as of Friday, February 27, 2026, according to EIA estimates. This represents a net decrease of 132 Bcf from the previous week. Stocks were

Chevron declares force majeure as Israel shuts Leviathan gas field- oil and gas 360

Chevron declares force majeure as Israel shuts Leviathan gas field

(Oil Price) – Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows. Israel’s energy ministry directed operator Chevron to shut in Leviathan following joint U.S.-Israeli strikes on Iran