energy

Iranian oil tankers pass US blockade after US-Iran deal, data shows Reuters

The US and Iran plan to formally sign a memorandum of understanding on Friday in Switzerland. The interim deal would allow Iran to start oil exports immediately and gain access to a $300 billion economic development program following negotiations for a permanent peace agreement. Tyler Kendall report

TotalEnergies SE’s oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, Chief Executive Officer Patrick Pouyanné said.

Oil little changed as investors weigh US-Iran peace deal, Hormuz uncertainty

China’s state-owned oil and gas major and top refiner Sinopec is ramping up exploration in the shale formations of the Sichuan basin with a view to increasing the country’s shale gas production by a third over the next ten years. Currently, China’s shale gas total is below government targets, Reuter

At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade.

Exxon Mobil Corp. struck a preliminary deal to bring liquefied natural gas to South Africa, bolstering the country’s coal-reliant power grid and boosting industrial growth.

Indian shares extend rally as lower crude lifts sentiment after US-Iran deal Reuters

US is building on its partnership with Namibia as competition for critical minerals and energy resources intensifies in Africa. United States Ambassador to Namibia, John Giordano spoke to Bloomberg’s Chief Africa correspondent Jennifer Zabasajja on the growing relationship between the two countries.

Japan's Marubeni buys Texas gas producer EagleRidge Energy II