(Investing) – QatarEnergy is prepared to restart liquefied natural gas production at its Ras Laffan LNG plant and could reach full output at undamaged facilities within a month, according to a Reuters News report. Iranian strikes damaged two of Qatar’s 14 LNG trains and one of its two gas-to-liquids facilities, eliminating 17% of the country’s LNG export capacity. The group’s CEO said in
(BOE Report) – The United States’ NATO allies said on Monday they would not get involved in President Donald Trump’s plan to blockade the Strait of Hormuz, further ratcheting up tensions within the increasingly fragile alliance. Trump said the U.S. military would work with other countries to block all maritime traffic in the waterway, after weekend talks failed to reach
(Investing) – LONDON – Oil prices climbed to around $110 a barrel on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply. Brent crude futures were up $7.96, or 7.9%, to $109.12 per barrel at 1302 GMT. U.S. West Texas Intermediate crude futures were up $12.48, or 12.5%, at $112.60
