Industry News

Will oil prices keep rising as Iran tensions threaten global crude supply?

Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.

The prospects for peace in the Middle East suffered a fresh setback.

Crude futures gained as geopolitical risks remained elevated across the Middle East.

The Lake Erie-Canada Corridor, Southwestern Grid Connector Corridor and Tribal Energy Access Corridor have been withdrawn.

Shares in Vista Energy SAB, Argentina's top oil exporter, jumped in New York on Monday.

Power constraints are becoming a real brake on robotic adoption, said Robert Liew, Director, Integrated Energy Research, at Wood Mackenzie.

Ole Hansen, Saxo Bank's Head of Commodity Strategy, highlighted that the monthly oil market reports from the EIA, IEA, and OPEC 'continue to highlight a massive divergence'.

'Our commercial strategy is recalibrated around what we believe today's power customers are actually prioritizing: speed-to-power, reliability and scale'.

Bjarne Schieldrop, Chief Commodities Analyst at SEB, explains why Brent hasn't rallied to $150 per barrel or higher.

National Grid announced a project to upgrade and add capacity to the electricity infrastructure between Sundon in Bedfordshire and St John's Wood in London.

Uniper is now offering electricity to companies that consume at least one million kilowatt hours a year.

Lebanon saw its deadliest day of fighting in months, heaping pressure on stalled U.S.-Iran negotiations while Washington prepares fresh economic measures.

Diversified Energy is in advanced talks to acquire Elliott Investment Management-backed oil and gas company Birch Resources for more than $1.7 billion in cash, according to people familiar with the matter.

The oil major won't be allowed to renew an exploration right off South Africa's rugged Indian Ocean Wild Coast, the Constitutional Court ruled.

Oil rose as the US threatened new economic pressure on Iran while uncertainty over the Strait of Hormuz persisted.

Indian state-owned refiners are rushing to procure spot crude unusually far in advance as Ukrainian attacks on Russian energy assets and a stalemate over the Strait of Hormuz make supplies increasingly uncertain.

Several regions of Russia are facing fuel shortages again after Ukraine resumed almost daily attacks on oil refineries in the country.

Bernhard Capital Partners completed the acquisition of New Mexico's biggest regulated natural gas utility from Emera for around $1.25 billion.

'ConocoPhillips Alaska invests approximately $1 billion each year to sustain and grow its Alaska legacy assets through projects such as Coyote'.