Oil Rally Pauses After Trump Pledge
Brent jumped 11% in two days before Trump's escort pledge cooled the rally.
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UAE Reports Major Fire at Fujairah Oil Hub
Falling debris from an intercepted drone caused a major fire at the United Arab Emirates oil trading hub of Fujairah.
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Oil is Iran's Weapon of Choice
'Oil is Iran's weapon of choice, and the U.S. gasoline pump is part of the battlefield', SEB Chief Commodities Analyst Bjarne Schieldrop warned.
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GEL Starts Up UK's First Geothermal Plant
Concurrently GEL also launched commercial-scale production of lithium carbonate, a raw material for rechargeable batteries, at the United Downs facility in Cornwall.
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USA Has No Immediate Plan to Tap Oil Reserve
A decision to tap the Energy Department's Strategic Petroleum Reserve could help stanch prices spikes, at least temporarily.
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UK Tax Authorities Challenge Petrofac, CBI Deal
The challenge concerns National Insurance contributions for offshore workers from October 1999 to April 2014.
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UK, Texas Industry Bodies Comment on Middle East Conflict
OEUK and TXOGA have both issued statements on the ongoing conflict in the Middle East.
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Naftogaz to Import US LNG via Lithuanian Terminal
'The Klaipeda terminal deliveries complement existing LNG import routes and strengthen the resilience of Ukraine's gas supply, reducing dependence on individual routes and increasing the flexibility of the system'.
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Analysts Warn of Largest Oil Supply Disruption in History
The war between the United States and Israel against Iran has the potential to be the largest oil supply disruption in history, S&P Global has warned.
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Chevron Completes Third Gathering Pipeline for Israel's Leviathan
The project has raised Leviathan's gas production capacity to about 494 billion cubic feet a year.