Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96, or 3.8%, to $100.53 a barrel at 10:41 a.m. EDT (1441 GMT), …
Oil Prices Fall 4% as US Proposes Iran Peace Plan Read More »
Libya’s coast guard has begun towing away a damaged liquefied natural gas tanker that several Mediterranean countries warned posed an environmental risk after drifting unmanned for weeks, the Tripoli‑based Government of National Unity (GNU) said.The Ru…
Libyan Coast Guard Tows Drifting Russian LNG Tanker Away From its Shore Read More »
Given the reported damage and shutdowns impacting liquefied natural gas (LNG) assets, refineries, fuel terminals, and gas-to-liquids facilities across the Middle East region amid the military conflict between the U.S.-Israel alliance and Iran, Rystad E…
$25 billion price tag looms over Gulf energy infrastructure repairs, Rystad says Read More »
At least 12 LNG carriers remain stranded in the region with cargoes on board
Laden LNG carrier trapped in Middle East Gulf discharges in Bahrain Read More »
ADES International, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has confirmed suspensions of operations for multiple rigs in its fleet as a result of the ongoing conflict between the U.S.-Israel allianc…
Middle East crisis brings ‘temporary suspensions’ to some ADES rigs Read More »