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.
President Emmanuel Macron of France expressed disapproval about President Trump’s handling of the war against Iran on Thursday, chastising him for speaking cavalierly in a speech.
The attack damaged the hull, the tanker’s owner said. No oil spill was detected, according to the authorities in the United Arab Emirates.
Lasting damage to Ras Laffan Industrial City, the world’s largest liquefied natural gas export plant, would have big consequences for the global energy market.
The South Pars gas field, hit by airstrikes on Wednesday, is central to the energy supply of Iran, which was already suffering blackouts before the war.
The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be one of the most significant attacks on an energy site since the U.S.-Israeli air war against Iran began.
The strikes appeared to be some of the most significant attacks on energy sites since the U.S.-Israeli air war against Iran began almost three weeks ago.
Chevron has signed an initial agreement to start working in Syria, weeks after the Syrian government seized control of key oil and gas fields in the north of the country.