Energy, Oil & Gas

US, Israel preparing to bombard energy targets in Iran, says report

The US and Israel are planning 'one of the harshest bombing campaigns to date' against energy infrastructure targets in Iran, multiple sources told CBS News, with strikes possible throughout the weekend in a move that would mark a further escalation of regional tensions. ...

Energy, Oil & Gas

Trump says Saudi must join Abraham Accords for US nuclear deal

US President Donald Trump has thrown the future of a newly signed civilian nuclear cooperation agreement with Saudi Arabia into uncertainty by declaring that it will take effect only if the kingdom normalises relations with Israel, a condition that was not publicly attached to the deal when it was signed....

Energy, Oil & Gas

Opec production drops in April as Hormuz crisis hits exports: Reuters survey

A Reuters survey showed that oil output Opec fell to a more than 20-year low in April, dropping 830,000 barrels per day to 20.04 million bpd as Strait of Hormuz disruptions linked to the US-Israeli conflict with Iran hit exports....

Energy, Oil & Gas

Hormuz closure: Alternative routes for Mideast oil

Conflict between the US, Israel and Iran has disrupted Strait of Hormuz shipping, exposing limited export alternatives. Existing pipelines offer partial relief, while proposed routes face major political, security and financial challenges. ...

Energy, Oil & Gas

War in Iran is causing biggest energy crisis in history: IEA

The Iran–US–Israel conflict is driving the worst global energy crisis, IEA head Fatih Birol said, calling it the biggest in history, worsened by Russia-related energy shocks and supply pressures global....

Energy, Oil & Gas

Brent heads for record monthly jump as Houthi attacks widen Gulf conflict

Oil prices extended gains on March 30, with Brent headed for a record monthly rise, after ‌Yemeni Houthis launched their first attacks on Israel over the weekend, widening the US-Israel war with Iran in the Middle East....

Energy, Oil & Gas

Iran attacks wipe out Qatar’s 17pc LNG capacity: QatarEnergy CEO

Iranian attacks ‌have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO and state minister for energy affairs told Reuters. ...

Energy, Oil & Gas

Hundreds of ships drop anchor in Gulf waters

At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed, after US and Israeli strikes on Iran plunged the region into turmoil....