Industry News

Shipping companies are taking a cautious approach to sending vessels through the Strait of Hormuz.

The multilateral lender aims to mobilize $50 billion in financing to help Asia-Pacific countries build cross-border electricity grids and an additional $20 billion to support data center growth in the region.

Equinor optimized piped gas trading in Europe and gas trading in North America to capture volatility.

Macquarie strategists, including Walt Chancellor, outlined that they expect another U.S. crude inventory draw 'amidst elevated exports'.

Australia will establish a government-owned reserve of about 1 billion liters of diesel and aviation fuel.

'Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time', U.S. President Donald Trump said.

Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the U.S. can reach an agreement with Iran to end the war.

European Central Bank President Christine Lagarde said soaring energy costs due to the Iran war should act as a wake-up call for Europe.

Crude markets entered relief mode as tensions failed to escalate further.

The U.S. played down the prospect of a return to active war with Iran.

By year-on-year comparison, lower costs softened the impact of lower volumes and lower Permian gas prices.

The United Arab Emirates was in a unique position in OPEC+, according to James Davis, who leads FGE's Short-Term service and crude oil production forecasting.

'We continue to believe that we are in the early days of a multi-year upcycle with increasing demand for offshore exploration and development drilling services'.

Gasoline prices have jumped across all 50 states, GasBuddy noted.

'The new hydrogen-ready combined cycle gas turbine plant, with a planned electrical feed-in capacity of up to 890 megawatts, is designed to secure the Grosskrotzenburg power station's long-term role as a key energy hub in the Rhine-Main region'.

'The potential collaboration also contemplates expanding the refineries' petrochemical capacities and harnessing gas and downstream opportunities through the development of co-located, gas-based industrial hubs'.

GlobalData has identified the 'top' themes that will impact the oil and gas industry this year in a new strategic intelligence report.

The U.S. and Iran exchanged fire in a flareup of violence that also drew in the UAE, prompting calls for renewed strikes on Iranian targets and casting doubt on the fate of a four-week ceasefire.

Traffic through the Strait of Hormuz remained largely frozen amid increasing tensions.

Markets reacted to renewed risks in the Persian Gulf as tanker attacks and military responses intensified.