(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Ka Sing Chan HONG KONG, June 17 (Reuters Breakingviews) - Beijing has far more at stake in Iran besides just oil. China has not only benefited from importing heavily discounted Iranian crude, it has inched up its strategic infrastructure investments into the country since the duo signed a $400 billion pact in 2021. If the regime in Tehran is severely weakened or changes, China also will lose a key [Read more]
Headlines
PetroChina eyes North American LNG volumes to reduce risk, says exec
PetroChina International, the trading arm of the Chinese oil major, says it is interested in North American liquefied natural gas supplies as it seeks to reduce trading risk by seeking flexibility in supply deals, said a company executive on Tuesday. "If I look at our portfolio today, I think we're slightly overweight on duration. I think we signed too many, very long term, take-or-pay SPAs (sales and purchase agreements)," said Zhang Yaoyu, assistant chief executive and global head of [Read more]
Israel-Iran war already takes toll on oil and gas sector: Bousso
Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries' escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries. Benchmark Brent crude oil prices jumped 7% to over $74 a barrel on Friday after Israel launched an unprecedented wave of airstrikes on Iran, prompting Tehran to fire hundreds of ballistic missiles at [Read more]
Hear from ATCO, TC Energy, Alberta Energy Regulator, and more…
Returning for its third year, the Methane Mitigation Canada Summit will convene over 150 oil and gas sustainability and ESG leaders on September 24-25 in Calgary, AB. This closed-door gathering, held in a closed-door setting, comes at a pivotal moment of regulatory change across Canada, and the globe. Designed to drive collaborative results, this year’s program offers a powerful mix of technical case studies, policy analysis, and strategic insights delivered by operators, regulators, [Read more]
Prospera Energy Announces Operations Update
CALGARY, Alberta, June 17, 2025 (GLOBE NEWSWIRE) -- Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera”, “PEI” or the “Corporation”) Prospera Energy remains committed to providing stakeholders with transparent, timely, and data-driven updates on operational performance and field developments. This monthly report delivers key insights into the company’s production trends, optimization initiatives, and strategic advancements. All production figures represent the Company’s gross sales, [Read more]
Putin’s energy point man says there is a need for more oil volumes globally
Russian President Vladimir Putin's energy point man said on Tuesday that there was a global need for more volumes of oil and that OPEC+ remained ready to be flexible if needed amid the conflict between Israel and Iran and a trade war. Crude prices have jumped in recent days on concern of a major war in Middle East after Israel struck Iran, and U.S. President Donald Trump urged people to leave Tehran. Russian Deputy Prime Minister Alexander Novak said that volatility had been sown in oil [Read more]
Oil rises as Iran-Israel conflict spurs uncertainty
Oil prices climbed on Tuesday on concerns the Iran-Israel conflict may intensify, raising the risk of further unrest and the potential disruption of oil supply from the key Middle East producing region. Brent crude futures rose 34 cents, or 0.5%, to $73.57 a barrel as of 0340 GMT. U.S. West Texas Intermediate crude was up 29 cents, or 0.4%, at $72.06. Both contracts rose more than 2% earlier in the trading session. Oil prices settled more than 1% lower on Monday on hopes that the conflict [Read more]
Two oil tankers collide and catch fire near Strait of Hormuz
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, where electronic interference has surged during conflict between Iran and Israel, but there were no injuries to crew or spillage reported. With Iran and Israel firing missiles at each other since Friday, interference has disrupted navigation systems near the vital sea route between Iran and Oman which handles about a fifth of the world's oil. The United Arab Emirates coast guard said it had evacuated 24 people [Read more]
Shell CEO says LNG Canada project attractive due to AECO indexation
Buyers are attracted to Shell's LNG Canada project because it uses the Canadian Alberta Energy Company (AECO) price index as a benchmark, which is lower than the Henry Hub price in the U.S., the company's chief executive said on Tuesday. "What is particularly attractive about LNG Canada in today's world, retrospectively, is the AECO indexation," Shell CEO Wael Sawan said at the Energy Asia conference, adding that there will be more supply of AECO gas at lower prices. "And so that [Read more]
Is regime change the ultimate goal in Iran? Trump says “everyone should immediately evacuate Tehran!”
A somewhat ominous post from the official White House X account is suggesting that further escalation may be on the way in Iran: "Iran should have signed the “deal” I told them to sign. What a shame, and waste of human life. Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON. I said it over and over again! Everyone should immediately evacuate Tehran!" –President Donald J. Trump pic.twitter.com/oniUSgsMWA — The White House (@WhiteHouse) June 16, 2025 Some appear to have taken this to mean [Read more]
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