(Investing) – NEW YORK – Oil prices fell more than a $1 on Tuesday as investors monitored crude flows through the Strait of Hormuz amid signs of progress in U.S.-Iran peace talks. Brent crude futures declined $1.18, or around 1.2%, to $76.72 a barrel while U.S. West Texas Intermediate fell $1.18, or 1.6%, to $72.68 a barrel by 10:06 a.m. ET (1406
(Investing) – SINGAPORE – Oil and liquefied natural gas tankers sailed through the Strait of Hormuz on Monday, in a sign of traffic slowly picking up after Iran said it had again closed the waterway over the weekend, shipping data showed. Iran lifted its effective blockade of Hormuz last week after agreeing to a 60-day ceasefire with the United States while talks
(World Oil) – Iran is shipping large amounts of oil that had previously been held back by a US blockade, a potential boost for Tehran after it signed an interim peace deal with Washington on Wednesday. A total of 11 tankers hauling a combined 20 MMbbl were detected leaving the Iranian port of Chabahar on the Gulf of Oman this
(World Oil) – Oil and LNG shipments through the Strait of Hormuz accelerated Thursday as the U.S.-Iran interim agreement began taking effect, with stranded cargoes leaving the Persian Gulf and producers testing the reopening of one of the world’s most important energy corridors. According to vessel-tracking data compiled by Bloomberg, four supertankers carrying approximately 8 million bbl of crude either exited
(Investing) – WASHINGTON – U.S. Vice President JD Vance said the 60-day window laid out in a memorandum of understanding approved by President Donald Trump and Iranian leaders begins on Thursday. “I would say the 60-day period officially started today,” Vance told reporters at a White House briefing. Asked what happens after the 60-day period in terms of governance of the
(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
(Oil & Gas 360) By Greg Barnett, MBA, Part 1 of 3- The United States possesses one of the largest natural gas reserves in the world, supported by an extensive pipeline network, mature production capabilities, and decades of operational expertise. Yet despite this structural advantage, natural gas has never been fully deployed as a transportation fuel at national scale. This
(World Oil) – Zephyr Energy has advanced its Paradox basin development in Utah after completing a key pipeline integrity assessment that clears the way for the regulatory approvals needed to begin exporting natural gas from the project. The company reported the successful completion of an in-line inspection (ILI) of the 20.9-mi pipeline connecting Zephyr’s Powerline Road Gas Plant to the Northwest Pipeline system operated
(Oil Price) – Tanker traffic through the Strait of Hormuz has collapsed by 90% to 95% compared to pre-war levels, analysts concur. Some oil cargoes continue to trickle through the critical chokepoint, but under increasingly opaque operating conditions, complicating the tracking of oil and gas flows and obscuring the visibility of how much energy supply actually reaches buyers these days. Traffic
(BOE Report) – Yemen’s Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows. This is why it matters and what it means for the Iran war and the global energy crisis: HOW BIG IS THE
(BOE Report) – The trickle of tankers exiting the Strait of Hormuz has gathered pace in recent weeks, as traders adopt stealth measures to make the crossing. While this is freeing some of the vast oil inventories trapped in the Gulf, it does not signal a slow return to normalcy. Instead, it previews the opaque, fragmented energy market the Iran
(Investing) – ATHENS – Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances, the CEO of V.Group, a leading global ship manager, told Reuters. Renewed hostilities in the three-month-old conflict are testing a shaky ceasefire while hundreds of ships and
