Iran has reportedly directed Yemen's Houthi movement to prepare for a possible closure of the Bab el-Mandeb strait, the southern chokepoint into the Red Sea, should Washington act on threats to strike Iranian power infrastructure.
For years, Saudi Arabia's strategic answer to any disruption in the Strait of Hormuz has been remarkably straightforward. If volumes via the Persian Gulf were threatened, the answer was to pump west through the East-West Pipeline to Yanbu on the…
US liquefied natural gas producer Venture Global has recorded a sharp jump in the fees it charges for turning natural gas into LNG, a gain the company links to supply disruptions in the Middle East arising from regional conflict.
US oil and gas drilling activity edged higher over the past week, coinciding with a sharp rally in crude prices, according to figures released by Baker Hughes on Friday.
Green hydrogen was supposed to be a silver bullet solution for decarbonizing hard-to-abate sectors like shipping and steelmaking. It was the buzziest technology out there – and then it fizzled out completely.
US oil and gas operators have shown a cautious stance towards new drilling activity, even as the overall count of working rigs edged higher last week, according to fresh figures from oilfield services group Baker Hughes.
