Hints and tips:
...Arsenio Dominguez, secretary-general of the United Nations’ International Maritime Organization, had earlier written on social media platform X: “I strongly condemn the attack on Marlin Luanda tanker which...
...In a video posted on X, Houthi leader Abdul-Malik Badr al-Din al-Houthi said: “The response to any American attack will not only be at the level of the operation that was recently carried out with more than...
...Reach us at energy.source@ft.com and follow us on X at @FTEnergy. Catch up on past editions of the newsletter here....
...Mike Sommers, chief executive of the American Petroleum Institute, said by not agreeing to a “phaseout of fossil fuels” negotiators had realised that “too far/too fast mandates” were unproductive....
...This week, however, it seized a tanker off Oman. Iran’s navy said it acted on court orders in retaliation for “oil theft by the US regime”....
...The worst damage inflicted by the Houthis on any ship before the Rubymar was on the Marlin Luanda, a tanker that suffered a severe fire after a missile strike on January 26....
...‘Through the Lens’ runs until February 25, 2024 Find out about our latest stories first — follow @FTWeekend on Instagram and X, and subscribe to our podcast Life & Art wherever you listen...
...Boone Pickens and Richard Rainwater’s Mesa Petroleum in 1997 and renamed it Pioneer....
...A Russian oil tanker was later struck near Crimea, deepening fears that Ukraine’s counteroffensive could disrupt energy supply. US and international oil prices are close to their highs for the year....
...Reach us at energy.source@ft.com and follow us on X, formerly Twitter, at @FTEnergy. Catch up on past editions of the newsletter here....
...North Korea's oil tankers, they previously used to travel to China. They travelled to Russia to pick up refined petroleum, diesel gasoline. But after 2017 sanctions ramped up....
...Pipelines to the region from big American refining hubs in the Gulf Coast and Midwest are full and Jones Act shipping restrictions make it impossible to send fuel on tankers, industry executives say....
...The US transport department also said it was considering exempting shippers from the Jones Act, a law that requires US-flagged vessels for routes between American ports, which would enable foreign tankers...
...Oasis Petroleum, fresh out of bankruptcy, bought Diamondback’s assets in North Dakota’s Bakken oilfields for $745m. Laredo Petroleum said it was buying Sabalo Energy’s assets....
...“If Americans create problems for our oil tankers in the Caribbean waters or anywhere in the world, we will reciprocally create problems for them,” he said....
...That was definitely the question investors were asking as Seven & i outbid rivals by about $4bn to buy Marathon Petroleum’s Speedway stores for $21bn....
...The shale push comes despite resistance from the oil industry’s most powerful lobbying organisation, the American Petroleum Institute, which represents the largest energy groups and opposes any controls...
...The American Petroleum Institute, which represents big US oil companies, said “access to liquidity from lenders is vitally important to all industries impacted by this crisis”....
...are likely to remain very high until the end of the year, said the head of a major shipping operator, which could squeeze the profits of Asian refiners such as Sinopec and US exporters such as Occidental Petroleum...
...Those gains came on the back of figures published by the American Petroleum Institute on Tuesday which showed that US crude stocks fell by more than 8.1m barrels in the week ending July 5....
...Mr Trump spoke to Crown Prince Mohammed bin Salman by phone to offer US support to the kingdom, and said the such attacks had a negative impact on the American and global economies, according to the state...
...We speak during a flare-up in tension between Iran and the west, following Tehran’s seizure of a British-flagged oil tanker and its accusations that Iranian nationals had been trained by American intelligence...
International Edition