energy

Oil production facilities and markets will take months or years to work through consequences of Strait of Hormuz closure

While Trump hails Gulf oil flowing, Iran's fleet also gearing up to boost exports Reuters

Oil prices steady as investors weigh peace deal, IEA glut forecasts Reuters

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

Oil production facilities and markets will take months or years to work through consequences of Strait of Hormuz closure

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