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Russia confirms halt to Kazakh pipeline oil exports to Germany, says flows will be diverted
Russia will divert oil supplies from Kazakhstan previously intended for Germany via the Druzhba pipeline to other routes starting from May 1, Deputy Prime Minister Alexander Novak said on Wednesday.
Why a global oil spike will hit the U.S. harder than China
China has multiple sources of energy imports and it has prepared well for a sustained period of high oil prices. Unlike America.
Russia to stop Kazakh oil flows to German refinery via Druzhba, Berlin says
Germany has been informed that Russia will stop the supply of Kazakh crude oil via the Druzhba pipeline, the economy ministry said on Wednesday, forcing one of its biggest refineries to make up for that gap from elsewhere.
Japex aims to quadruple oil and gas output in 10 years, eyes US expansion
Japan Petroleum Exploration said on Wednesday it plans to quadruple its oil and gas output over the next decade, investing 1.16 trillion yen ($7.3 billion) in exploration and production, mainly in the United States.
Oil Prices Rise. 2 Ships Hit in Hormuz as Trump Extends Iran Cease-Fire.
Brent crude was back below $100 a barrel as President Donald Trump extended the cease-fire between the U.S. and Iran.
Natural Gas and Oil Forecast: Middle East Risk Keeps Oil Near $90 – Breakout or Bust?
WTI oil struggles under $92 resistance as Middle East tensions balance against domestic supply. Will the downward channel break or send prices back toward $85?
Druzhba pipeline is set to restart oil flows to Europe, potentially unblocking EU's Ukraine loan
Ukraine has told Hungarian oil group MOL that deliveries of Russian crude will resume through the Druzhba pipeline, MOL said on Wednesday, potentially allowing Budapest to unblock a 90 billion euro ($105.79 billion) loan for Kyiv.
Explainer: How the Iran war oil and gas supply shock compares with past disruptions
The U.S.-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact, according to Reuters calculations based on International Energy Agency and U.S. Department of Energy data.
Oil edge lower as fragile Iran ceasefire extension clouds outlook
Oil prices edged lower on Wednesday as uncertainty lingered over the trajectory of the U.S.–Iran conflict. The moves come after Trump said the U.S. would prolong its temporary truce with Iran beyond the previously set deadline.
Oil Rises on Strait of Hormuz Likely Remaining Closed
Oil rose in early trade on prospects that the Strait of Hormuz might stay effectively closed.
Stocks Fall, Oil Climbs With Iran Talks in Flux
Yields rose, though the Kevin Warsh hearing didn't move markets much.
Russia's Novokuibyshevsk oil refinery has halted operations after drone attack, sources say
Primary oil processing at Russia's Rosneft-operated Novokuibyshevsk refinery has been halted since April 18 after a Ukrainian drone attack, two industry sources said.
