Tag: energy
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Oil tanker traffic in Strait of Hormuz jumps after U.S. and Iran implement deal to open sea lane
The U.S.-Iran deal has raised questions about how the Strait of Hormuz will be governed after the toll-free period ends.
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Deep-sea denizens go years without food with clever biological fix
June 19 : A pill bug dwelling under a garden pot curls its body into a tiny armored ball as self-defense. Far below the ocean surface, some of its much larger relatives face a harder problem: how to stay alive when the next meal may not come for years.Those creatures are called deep-sea isopods, a…
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Russia threatens escalation after Ukraine hits Moscow with largest-ever drone attack
Russia has pledged to carry out frequent and “massive group strikes” against Ukraine shortly after Kyiv launched a barrage of drones on Moscow.
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Oil drifts lower as Strait of Hormuz reopens, focus shifts to demand outlook
With immediate supply fears fading and tanker traffic returning to the Strait of Hormuz, traders are turning their attention back to oil demand and OPEC’s outlook for the market.
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U.S. Navy ends blockade of Iran’s ports and coastal areas, CENTCOM says
The Navy on Thursday lifted its blockade of Iran’s ports and coastal areas at the direction of President Donald Trump.
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Oil nations on edge in the face of new climate coalition
Even amid an ongoing energy crunch, major economies are dodging firm timelines to phase out coal, oil and gas. Fossil fuel-producing nations now fear new clean energy alliances could ramp up the pressure to go green.
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OPEC chief dismisses IEA supply glut forecast as ‘critical’ Strait of Hormuz reopens
The IEA said on Wednesday that a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year.
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Three Saudi oil tankers carrying 6 million barrels cross Strait of Hormuz
The Saudi tankers switched their transponders on Thursday after hiding their location for more than two months.
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Gas prices fall below $4 per gallon as oil supply fears ease after Iran deal
Gas prices are still 30% higher compared to what drivers paid before the U.S. and Israel attacked Iran on Feb. 28.
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Why the oil may start flowing through the Strait of Hormuz faster than many believe
Brian Sullivan’s direct conversations with industry executives and experts based both here and in the Middle East indicate ships will start steaming.
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