After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
Category: Natural Gas
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Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
The New York Times – Business: -
The Iran War Is Crippling One of the World’s Wealthiest Nations
The New York Times – Business:Iranian attacks have paralyzed Qatar’s vital gas exports and are stalling the tourism and business pivots that were intended to anchor its future growth.
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In Qatar, Energy Sector Damage Is Severe, and the Way Back Will Be Long
The New York Times – Business:Iranian strikes and a blockade have paralyzed Qatar’s gas engine, creating a technical bottleneck likely to stall exports for years.
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A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
The New York Times – Business:Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
The New York Times – Business:Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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Supreme Court Rejects Oil Company Argument in Fight Over Great Lakes Pipeline
The New York Times – Business:The justices sided with Michigan officials, who have raised environmental alarms and pushed to decommission an aging section of the pipeline.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
The New York Times – Business:Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business:Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
The New York Times – Business:Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.