Commodities

Hormuz reopening positive aspects momentum as tankers resume transit

(Bloomberg) — Oil and LNG shipments by way of the Strait of Hormuz accelerated Thursday because the U.S.-Iran interim settlement started taking impact, with stranded cargoes leaving the Persian Gulf and producers testing...

Vår Energi sanctions 86-MMboe Balder improvement in North Sea

(WO) — Vår Energi has taken last funding resolution (FID) on the Balder Subsequent New Wells undertaking within the North Sea, advancing the subsequent section of improvement within the Balder space and including...

Brent falls under $80 as U.S.-Iran deal boosts provide outlook

(Bloomberg) – Brent oil fell under $80 a barrel for the primary time in additional than three months because the U.S.-Iran deal to reopen the Strait of Hormuz boosted expectations for a revival...

IPC achieves first oil at Blackrod Section 1 forward of schedule

(WO) — Worldwide Petroleum Corp. (IPC) has achieved first oil at Section 1 of its Blackrod thermal oil sands mission in Alberta, with manufacturing starting forward of schedule and on price range. The corporate...

U.S., Iran strike deal to reopen Strait of Hormuz, sending oil decrease

(Bloomberg) – The U.S. and Iran say they've reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and doubtlessly ending a battle that disrupted...

Exxon reportedly evaluates Woodside as LNG acquisition goal

(Bloomberg) – ExxonMobil is learning potential acquisition targets together with Australia’s Woodside Power Group, because the U.S. big eyes choices to deepen its presence in liquefied pure gasoline and Asian markets, based on...

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