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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]

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]

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]

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]

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]

(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]

OTTAWA - Conservative Leader Pierre Poilievre laughed off a conspiracy theory about Justin Trudeau in the opening minutes of his 2.5-hour sit-down with podcaster Joe Rogan, where he made a case for Canadians being America's nice-guy neighbours. While talking about his early interest in politics, Poilievre mentioned that he read a biography of Fidel Castro. "Justin's dad!" Rogan interjected. The Conservative leader shook his head and laughed, "No, no, not Justin's dad," adding later that [Read more]

Removing oil sanctions on stranded Iranian oil would get supplies to Asia within three or four days, U.S. Energy Secretary Chris Wright said on Friday. Treasury Secretary Scott Bessent said on Thursday the U.S. may soon remove sanctions on Iranian oil stranded on tankers at sea, as Washington seeks to curb prices soaring over Iran's closure of the Strait of Hormuz. "Within days, within three or four days, that oil will start to arrive at ports," Wright said in an interview with Fox [Read more]