Strait of Hormuz closure threatens energy markets
Iran-US tensions have severely disrupted the Strait of Hormuz, the world's critical oil chokepoint. While some LNG shipments have resumed, market participants are pricing in sustained supply risks and elevated crude/energy prices. Oil prices near multi-month highs amid geopolitical uncertainty and limited tanker crossings.
R- Yahoo FinanceNorthwest Natural Gas Q1 Earnings Call Highlights17h ago
- BloombergEurope’s Oil, Gas Lobbies Urge Flexibility on Storage Targets
European Union energy lobby groups called for more flexibility in reaching the bloc’s natural gas storage targets, to avoid market pressure during the summer refilling season.
1d ago - BloombergJapan’s Coal Power Generation Climbs as War Makes LNG Expensive
Japan’s coal-power generation is rising while natural gas-fired output falls, as conflict in the Middle East chokes supplies of the less-polluting fossil fuel and sends prices higher.
1d ago - BloombergIran War Will Make EU More Reliant on US Gas Than Ever: IEEFA
Europe’s reliance on natural gas from the US is expected to surge to a record this year as the country helps offset supplies lost from the Middle East, according to an energy think tank.
1d ago - BloombergUS LNG Pioneer Charif Souki Vows He Will Never Go Public Again
Natural gas entrepreneur Charif Souki’s latest venture will remain closely held after his previous two companies pursued public offerings.
1d ago - BloombergUS to Unveil New Data Spotlighting Hormuz and Global Reserves
The US government’s energy statistics agency will start releasing new data on the world’s strategic reserves and flows of petroleum and liquefied natural gas through shipping choke points.
1d ago - BloombergVenture Global Shares Surge on LNG Deals, Project Expansions
Venture Global Inc. shares shot up on Tuesday after the liquefied natural gas exporter announced two new supply deals and detailed expansion plans for export projects in Louisiana.
1d ago - Yahoo FinanceU.S. Has $45 Trillion In Natural Resources Alone, More Than Entire National Debt1d ago
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Live coverage of the Iran conflict, Persian Gulf oil supply disruption, OPEC reaction and the cross-asset trades pricing it.