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UK industry group Offshore Energies UK is urging reform of the North Sea windfall tax, saying changes could unlock £50 billion in investment, boost domestic gas production and significantly reduce the country’s reliance on LNG imports.
Read MessageU.S. Vice President JD Vance will meet with oil industry executives at the American Petroleum Institute as fuel prices surge following the Iran conflict, with discussions expected to focus on supply, production and market stabilization efforts.
Read MessageSaudi Aramco has restarted operations at its 550,000-bpd Ras Tanura refinery after a drone-related shutdown, restoring a key supply hub as Gulf energy infrastructure remains under pressure from ongoing regional conflict and shipping disruptions.
Read MessageIMI will supply ultra-high-pressure control valves for a North Sea offshore project, supporting chemical injection systems operating above 600 bar and enabling precise pressure control and flow assurance in severe service conditions.
Read MessageThe Trump administration "remains committed to continuing to strengthen our critical supply chains" amid the Iran war, press secretary Karoline Leavitt said.
Read MessageOil prices are rallying again as the market fears Israel and Iran will escalate attacks on Middle East energy infrastructure.
Read MessageThe topic of Iran is likely to dominate Thursday's meeting, instead of investments or the U.S.' role in Asia, experts told CNBC.
Read MessageOil prices pared gains on Tuesday as uncertainty lingered over a U.S.-led coalition to protect shipping through the Strait of Hormuz.
Read MessageOil prices advanced on Tuesday as energy market participants monitored Middle East supply disruptions.
Read MessageTrump's decision to order strikes on Kharg Island has pushed one of the world's most critical oil hubs into the center of the escalating U.S.-Iran conflict.
Read MessageNet retail buying of oil ETFs hit a record $211 million on March 12, surpassing the previous peak seen during the market turmoil in May 2020, according to Vanda Research.
Read MessageTrump's comments come after he called on several countries to send warships so as to secure the critical waterway
Read MessageIt comes after a separate drone strike at Fujairah on Saturday, underlining the vulnerability of the UAE's only export route that bypasses the Strait of Hormuz.
Read MessageIndia’s U.S.-Israel tilt is costing it leverage with Iran just as its ships struggle to get safe passage through the Strait of Hormuz.
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