Baghdad Bets on Syria and Turkey Pipelines to Secure Oil Exports
Iraq is moving to build a westbound crude export network that would channel oil from its southern fields to the Mediterranean, reducing its reliance on the Strait of Hormuz.
MarineCraft News Desk
Why the UAE Is Taking a Bigger Piece of America’s LNG Crown Jewel
XRG, the international investment arm wholly owned by Abu Dhabi National Oil Company (ADNOC), has increased its equity stake in the Rio Grande LNG project at the Port of Brownsville, Texas, acquiring an additional 7.6% interest in Trains 4 and…
LNG Supply Crisis Pushes Buyers Toward Coal and Oil
The resumption of the Iran conflict, including the effective closures of the Strait of Hormuz and now the Strait of Bab el-Mandeb has driven up natural gas prices, particularly in Europe and Asia.
Oil’s Oversupply Narrative Just Died
Renewed hostilities between the United States and Iran have upended market expectations of a well-supplied oil and gas market, driving ICE Brent above US$85 per barrel and reversing weeks of oversupply sentiment into fears of a global shortage.
U.S. Strikes Iran-Linked Tanker Near Kharg Island
US forces have disabled an Iran-linked oil tanker close to the Kharg Island export terminal in the Persian Gulf, marking the first vessel strike since Washington reimposed its naval blockade on shipping bound for Iranian ports and coastal areas.
Five Oil and Gas Stocks Ready for a Hormuz Spike and a Hawkish Fed
Energy investors are contending with two conflicting forces this month, according to a market analysis published by OilPrice.com. Renewed tension in the Strait of Hormuz has driven crude sharply higher, while expectations of a hawkish US Federal Reserve are keeping…