Two oil tankers hit sea mines and were disabled while attempting to transit the Strait of Hormuz, Iran's Revolutionary Guards said on Wednesday, in a statement shared by state media. The statement said the tankers had been forced to disembark their crews and were placed in the hands of U.S. operatives to pass through what it called an "illegal route" in the strategic waterway, despite earlier warnings from the Guards' navy about the dangers of crossing the mined passage. (Reporting by [Read more]
What are Iran’s options to retaliate as open warfare resumes with the US?
The United States launched a new wave of attacks on Iran late on Tuesday six months into a deadlocked conflict, prompting Iranian missile fire at what it called U.S. assets in Jordan, Bahrain, Kuwait and Iraq. Here are other ways Iran might retaliate if the conflict continues to escalate or a U.S. campaign to choke off Iran's economy intensifies. IRAN COULD EXPAND ATTACKS ON GULF STATES Iran has repeatedly struck at its neighbours in response to U.S. attacks and threatened to retaliate [Read more]
Efficiency or resilience? Democracies can only pick one: Joachim Klement
Efficiency has long been the prime objective of business and government policy. But the pandemic, trade wars and armed conflicts have called this into question, stressing the importance of resilience. Yet this too comes with a cost, and it’s one many elected leaders aren’t eager to pay. For generations, students of microeconomics and business have been taught that a firm should use scarce resources efficiently to maximise profits and shareholder value. The post-Cold War era became the [Read more]
US energy secretary says Venezuela oil output to more than double in next few years
U.S. Energy Secretary Chris Wright said on Tuesday after landing in Venezuela that deals that oil companies from the U.S. and other countries sign tomorrow in Caracas will lead to a more than doubling of crude production in the next few years. Wright is on a one-day trip to the founding OPEC member, his second since U.S. forces seized Venezuela's leader Nicolas Maduro in January. Venezuelan oil production peaked above 3 million barrels per day in the late 1990s but plummeted after that on [Read more]
Venezuela’s oil exports almost unchanged at 1.17 million bpd in Aug, data shows
Venezuela's oil exports remained almost unchanged in August at 1.17 million barrels per day, with a larger flow to India and Europe compensating for lower shipments to the U.S., its main market, according to documents and vessel monitoring data on Tuesday. The number of tankers lining up to load and their average waiting time increased last month as the poor condition of state-run PDVSA's terminals and crude quality issues caused longer delays, a roadblock on a U.S. plan to quickly boost the [Read more]
US officials defend Venezuela oil deal, say agreement part of path to democracy
U.S. officials on Tuesday defended Washington's deal to take an equity stake in a venture to operate oilfields in Venezuela and the businessman who will run it, casting the agreement as part of a process that would help the U.S. secure a reliable and stable supply of crude while helping to rebuild a country hollowed out by decades of corruption. Speaking to reporters, one of the officials said the arrangement that will give the U.S. access to around a fifth of Venezuela's oil reserves is "a [Read more]
US LNG exports rise in August as Europe snaps up cargoes ahead of winter
U.S. liquefied natural gas exports rose slightly in August as major export plants in Texas finished maintenance and European buyers increased purchases to replenish gas inventories ahead of winter, according to preliminary data from financial firm LSEG. The United States exported 10.7 million metric tons of LNG in August, up from 10.48 MT in July, LSEG ship-tracking data showed. The increase came as Freeport LNG, the country's fourth-largest LNG export plant, exited maintenance at its [Read more]
Chesapeake unit sells stake in $1.2 billion Florida gas pipeline project to NextEra
Chesapeake Utilities said on Tuesday its unit has sold a 49% stake in a $1.2 billion South Florida natural gas transmission infrastructure project to NextEra Energy Resources. The project, called Florida Energy Pathway, is designed to expand natural gas transportation capacity and address regional supply constraints, Chesapeake said. Here are more details: * Utilities have been investing in new infrastructure to improve reliability and support growing residential, commercial and power [Read more]
Comstock to sell Haynesville asset stakes to Azerbaijan’s SOCAR for $1.65 billion
Comstock Resources said on Tuesday it plans to sell stakes in its Haynesville shale assets and related midstream business to Azerbaijan's SOCAR for $1.65 billion in cash, as the U.S. natural gas producer aims to reduce its debt. The deal would give SOCAR stakes in Comstock's Legacy and Western Haynesville assets, as well as the Pinnacle Gas Services midstream business. The companies expect to close the transaction by year-end. Comstock said the deal will help reduce its pro forma net [Read more]
Bond selloff deepens as rising energy prices stoke inflation fears
Selling drove global bond yields to major new highs on Tuesday as renewed fighting in the Middle East lifted oil prices above $90 a barrel and put pressure on stock markets around the world. Japan's 10-year benchmark hit 3% for the first time in a generation. The 10-year U.S. Treasury yield, a benchmark for prices across asset classes, hit its highest since early 2025 at 4.78% and futures for French and German debt extended selling that earlier drove yields to 15-year highs. "I think there [Read more]
- « Previous Page
- 1
- …
- 55
- 56
- 57
- 58
- 59
- …
- 1266
- Next Page »