Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to comeThe conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates’ shock exit from the oil cartel …
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shutBusiness live – latest updatesThe global oil price has soared above $126 a barrel, its highest level since 2022, after Donald Trump sa…
Iran’s plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to comeA second round of peace talks between the US and Iran has begun amid renewed attacks on oil tankers in the strait of Hormuz and a US blockad…
Oil and gas prices have jumped again as shipping through the strait of Hormuz came to a virtual standstill after Iran closed the waterway over the US blockade and Donald Trump announced an Iranian cargo ship had been seized trying to get past. Tehran h…
Announcement has left markets in yet more uncertainty, with questions over how blockade will be enforcedMiddle East crisis – live updatesThe US military has announced it will enforce a blockade on all Iranian ports in the strait of Hormuz from Monday a…
The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
Oil heads for biggest daily fall since pandemic as Iran says it will reopen strait of Hormuz under its managementMiddle East crisis – live updatesUS and Iran agree to provisional ceasefire as Tehran says it will reopen strait of HormuzOil prices tumble…
Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closedMiddle East crisis – live updatesIranian drones have struck Kuwait’s oil infrastructure, causing “severe material damage” tha…