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...The Biden administration defended the LNG pause this week in a letter to the American Petroleum Institute, a Big Oil lobby group that has campaigned against it, saying the approvals process needed updating...
...Saudi Arabia is mandating that leading Chinese technology companies invest in the Gulf kingdom in return for huge deals, as it leverages its petrodollar wealth to boost its domestic tech industry....
...The plans mark a bet by the Gulf state that strong demand for the fuel will continue, with Asian economies switching from coal as part of efforts to cut carbon dioxide emissions....
...Imports from the Gulf have plummeted, and the US became a net oil exporter for the first time in 2019....
...However, he said that Pemex would “keep working with private companies,” adding it would soon announce a private partner for a major deepwater gasfield in the Gulf of Mexico called Lakach....
...Almost all of that is tanked to China from the Gulf through the Strait of Hormuz....
...Divergence is sharp between more fragile, resource-poor Middle East nations and wealthy Gulf oil exporters, which are more insulated from the shocks than their neighbours....
...Iranian forces seized an oil tanker off the coast of Oman as the threat to shipping in the Middle East spilled into one of the world’s most important oil export routes....
...The oil expansion plan was expected to cost about $40bn between 2024 and 2028....
...the Gulf of Aden and the Red Sea....
...“The market had been complacent about the Gaza conflict expanding to include Iran and, therefore, a material risk to Arabian Gulf oil and [liquefied natural gas] production and exports,” he said....
...If there is a wave of oil mergers, should wildcatters be kept from buying natural gas drillers? Panuwat struggled to explain the unusual coincidence about the timing of his trade....
...Around the Gulf war of 1990, oil doubled while the S&P 500 fell almost 20 per cent. Over time, the price moves have become less severe....
...Federal waters of the Gulf account for about nearly 2mn barrels a day of crude oil production, or about 15 per cent of total US production that has recently been hitting records....
...AI leaders, including OpenAI chief executive Sam Altman and chipmaker Nvidia’s chief executive Jensen Huang, have become regular visitors to the Gulf state....
...Saudi Arabia’s decision “appears to be a huge rethink of strategy and will have wide ramifications to Aramco capital spending, the Gulf supply chain and of course Opec+ oil policy”, Syme said....
...“[The Gulf states] trade openly with the US and Chinese....
...South Africa’s Public Investment Corporation, a manager of government employee pension assets that is Anglo’s largest shareholder, said it would assess any offers presented to shareholders....
...Oil prices dropped sharply on Monday as Saudi Arabia’s decision to cut its official selling price for oil exports in February overshadowed heightened tensions in the Middle East....
...The waters of the Strait of Hormuz, near where the MSC Aries was seized, are the world’s most important route for oil tankers, carrying oil from Saudi Arabia and other Gulf producers to the wider world....
...The ECB, for its part, has said that it lacks data on asset-backed securities and other structured products issued by financial corporations that are eligible as collateral....
...Protesters outside the Houston event staged a mock “funeral march” as they blasted executives for pollution in Gulf communities and the industry’s contribution to climate change....
...Upstream-friendly mutterings by both BP and Shell this year somewhat mask the strategic gulf across the Atlantic....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...The latest Houthi attack — on a vessel working for commodities trader Trafigura in the Gulf of Aden — has pushed up fuel tanker rates and diesel prices, with shipping executives and oil market analysts forecasting...
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