As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country's energy minister, says he had warned officials and executives of just such a danger should Iran's own sites be hit. "I was always warning, talking to executives from oil and gas that are partnered with us, talking to the U.S. Secretary of Energy, to warn him of that consequence and that that could be detrimental to us," QatarEnergy CEO Saad al-Kaabi told [Read more]
News
Japan’s SoftBank and AEP strike public-private deal for Ohio natural gas power
The U.S. on Friday announced a partnership between Japan's SoftBank Group and U.S. group AEP to build a giant natural gas power campus on federal land in Ohio, part of a wider Washington-Tokyo trade deal. As countries vie for leadership in the artificial intelligence boom, SB Energy plans to connect a 9.2-Gigawatt gas plant to the local grid and power a new data center at Portsmouth in Pike County, Ohio. One gigawatt is enough power for about 1 million U.S. homes. During the Cold War, the [Read more]
Australia PM Albanese has asked Treasury to model a tax on windfall gas profits, ABC reports
Prime Minister Anthony Albanese has asked Australia's Treasury to model options for a tax on the windfall profits of gas companies, the Australian Broadcasting Corporation reported on Friday, as well as to suggest reforms to the Petroleum Resources Rent Tax ahead of the annual budget in May. Australia is the world's third-largest LNG supplier, shipping A$65 billion ($46 billion) in exports last year, but the value of those shipments is expected to soar this year with the disruption to oil and [Read more]
US crude heads to Asia via Panama Canal as Iran crisis redraws trade flows
09 Asian refiners are increasingly sending medium-sized crude cargoes from the U.S. Gulf Coast to Asia through the Panama Canal as the U.S.-Israeli war with Iran disrupts trade flows, raises shipping costs and forces Asian refiners to hunt for alternative supplies. The use of medium-sized tankers that typically cost more per barrel to transport crude, coupled with Asian companies' willingness to pay additional fees to move oil through the Panama Canal, underscores their urgent need for oil [Read more]
North Dakota operators likely to increase crude output in March, regulator says
North Dakota crude output is expected to rise in March and the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are eased, the state's regulator said on Thursday. The North Dakota Department of Mineral Resources said, however, that the pace of activity would depend on how long oil prices stay high and that oil majors' budgets have already been set. Oil prices have surged since the U.S. and Israel attacked Iran on February [Read more]
NextEra Energy receives approval from President Donald J. Trump to develop up to 10 GW of natural gas‑powered generation to meet nation’s historic power demand
JUNO BEACH, Fla., March 19, 2026 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE), the largest energy infrastructure builder in the United States, confirmed today that President Donald J. Trump has approved the development of up to 10 gigawatts of natural gas?powered generation in Texas and Pennsylvania. The approval, made in connection with Japan's $550 billion investment commitment to the United States as part of the U.S.-Japan trade deal, positions NextEra Energy to work with the [Read more]
Indian gas tankers getting ready to sail through Hormuz, data shows
Two Indian-flagged liquefied petroleum gas tankers are preparing to sail through the Strait of Hormuz in coming days after a pause in voyages, with no crude oil tankers having transited the waterway in the past 24 hours, according to shipping data and sources. Hundreds of vessels have dropped anchor since Tehran threatened to attack ships attempting to leave the Gulf via the Strait of Hormuz, through which about 20% of global oil and liquefied natural gas flow. The two tankers were [Read more]
Restoring oil flow from Gulf could take six months, IEA chief tells FT
The International Energy Agency chief Fatih Birol warned in an interview with the Financial Times on Friday that it could take up to six months to restore oil and gas flows from the Gulf, saying the world is facing what could be the most severe energy crisis in history. "It will be six months for some (sites) to be operational, others much longer," he told FT. Birol said politicians and markets were underestimating the scale of the disruption, with around one-fifth of global oil and gas [Read more]
Shipping strikes, oil price spikes and a deadly new Gulf crisis
As Somali pirates hijacking giant cargo vessels and tankers from tiny motorised skiffs wreaked havoc across the region from the mid-2000s to the early 2010s, a tiny group of UK military reservists in a bungalow in the gardens of the British diplomatic mission in Dubai found themselves fielding daily calls from panicked merchant ships. The group – almost all Royal Navy part-time reservists who have volunteered for a six-month or longer spell – made up a team known simply as UK Maritime Trade [Read more]
Energy shock will make hoarding the new normal
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Una Galani HONG KONG, March 20 (Reuters Breakingviews) - The Middle East conflict will permanently alter how governments think about energy stockpiles. As countries converge on China's model of prioritising resilience over efficiency, national hoarding will become more common. It should keep demand and prices higher for longer. The U.S. and Israel's war against Iran has exposed an extreme divergence [Read more]
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