An Iranian missile struck Israel’s Bazan oil refinery in Haifa, resulting in fires, local media reported on Thursday. The plant is Israel’s largest and most critical fuel facility, supplying about 50 to 60% of the country’s fuel. The incident, which triggered sirens throughout northern Israel, central Israel, and the Jerusalem region, resulted in no reported …
The Samref refinery in Saudi Arabia’s Red Sea coastal city of Yanbu was the target of an aerial attack early on Thursday, with minimal impact on operations, an industry source told Reuters, as Iran is following through on its threats to target energy infrastructure across the Gulf. The Samref refinery, a joint venture of …
Continue reading “Saudi Aramco, Exxon Yanbu Refinery Targeted as Red Sea Export Risks Rise”
Qatar’s Ras Laffan plant closed earlier this month after an Iranian drone attack, the first interruption to supply in three decades of operation. Now, after further hits — in retaliation for an Israeli strike on the vast South Pars fields on Wednesday — the wider complex has suffered what Qatar describes as extensive damage, potentially significantly delaying any …
Continue reading “World’s Largest LNG Site Suffers Heavy Damages After Massive Explosion”
QatarEnergy has reported more strikes on its LNG infrastructure in the early hours of Thursday, saying on X that “several of its Liquefied Natural Gas (LNG) facilities were the subject of missile attacks, causing sizeable fires and extensive further damage.” The company also said emergency response teams were on site to contain the damage. The latest …
Continue reading “Qatar LNG Complex Destroyed In Second Strike In Two Days”
In an oil flash note by Natasha Kaneva, J.P. Morgan’s head of global commodities strategy, analysts at the company, including Kaneva, flagged an oil price “misalignment”. The J.P. Morgan analysts outlined in this note that, “despite the scale of the disruption”, which they described as “arguably one of the largest exogenous supply shocks in …
Iran’s Islamic Revolutionary Guard Corps (IRGC) issued on Wednesday an evacuation notice for several oil facilities in Saudi Arabia, the United Arab Emirates (UAE) and Qatar. The IRGC listed Samref Refinery and Jubail Petrochemical Complex in Saudi Arabia, Messieed Petrochemical Complex and Messieed Holding Company, together with Ras Laffan Refinery in Qatar, as well as …
Continue reading “IRGC issues evacuation notice for Gulf energy sites”
Crude oil prices turned to gains on Wednesday, with Brent futures rising by more than 4.5% as traders digested the latest reports from the Iranian media, which claimed that the country’s Asaluyeh refinery and South Pars, Iran’s portion of the world’s largest gas field, came under attack earlier today, with several phases being hit and removed from …
Continue reading “Brent up 4.5% on reports of strikes on Iran’s oil sites”
A US Navy warship carrying thousands of Marines and sailors is headed to the Middle East is nearing the Malacca Strait off Singapore as it makes its way to the region, maritime tracking data showed Tuesday. The amphibious assault ship USS Tripoli was approaching Singapore, at the southwestern edge of the South China Sea, Tuesday morning, according …
Continue reading “US warship carrying Marine ground troops tracked off Singapore”
United States President Donald Trump is considering assembling a coalition of countries to unblock the Strait of Hormuz and potentially seize control of the oil hub on Iran’s Kharg Island, through which most of that country’s oil is exported, Axios reported. Earlier, Trump asked for help from other countries amid Iran’s blockade of the strait, but …
Continue reading “Trump said to plan to seize oil site on Kharg Island”
U.S. President Donald Trump threatened more strikes on Iran’s main oil export hub Kharg Island and said he was not ready for a deal with Tehran to end the war which has shut off the vital Strait of Hormuz and caused chaos in global energy markets. With the U.S.-Israeli war on Iran in its third week, Trump said …