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…
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.
Kazakhstan resumed crude exports through the Caspian Pipeline Consortium (CPC) on Monday after the operator reopened its Black Sea marine terminal and resumed accepting crude from producers following a week-long suspension triggered by drone attacks, Kazakhstan’s Astana Times reported. Two…
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.
The latest oil price rally showed no sign of stopping in early Asian trading on Thursday, with both benchmarks climbing to their highest levels in more than six weeks as the U.S. and Iran continued to exchange strikes.
The Houthi threats to shipping in the Red Sea and its chokepoint, the Bab el-Mandeb Strait, have forced at least one oil tanker carrying Saudi crude to Asia to choose the much longer route through the Suez Canal, the Mediterranean,…
