POPULARITY
The United States temporarily waived sanctions on Iranian oil exports on Monday, opening the door for Tehran to return to global energy markets as negotiations between the two countries continue. In this edition, we look at the impact this has had on oil prices, while also examining major job cuts at Oracle linked to AI-driven restructuring and a sharp sell-off in technology stocks that's rippled from Wall Street to Asian and European markets.
* How is the oil and gas industry reacting to the peace news? How long will it be before WE see any changes? We'll talk with Greg Upton, from LSU's Energy Institute. * Louisiana recently banned people from suing oil and gas companies over climate change. We'll break down what's going on with Mark Davis, a professor of environmental law at Tulane.
Kansas Strong's Warren Martin joins us with the latest in the world of Kansas oil and gas. #AD
In the show this week, we look at how Syria could benefit from the oil crisis triggered by tensions in the Strait of Hormuz. After Iran effectively closed the strategic waterway, Syria's Mediterranean port of Baniyas found itself emerging as a hub for crude oil transported overland from the UAE and Iraq. Could Syria – a country in desperate need of investment after 14 years of civil war – establish itself as a new energy corridor, even after the Gulf conflict is over? Neil Quilliam, Associate Fellow for the Middle East at Chatham House and a specialist in energy policy, joins us to discuss the opportunities and challenges presented by these new export routes.
Benchmark prices for crude oil rose on Thursday as Iran said it targeted a US airbase in response to American air strikes. Commercial traffic through the Strait of Hormuz, which had slightly ticked up in previous days, dwindled down to almost nothing again. Also in this edition: Australia takes legal action against US consumer goods giant 3M over "forever chemicals" in firefighting foam. Plus Brazilian leader Lula endorses more oil and gas exploration in the Amazon.
Oil futures slid on Monday as traders assessed US President Donald Trump's announcement over the weekend that a deal with Iran had been "largely negotiated". The benchmark Brent crude still remains much higher than when the war started on February 28. Also in this edition: some commercial vessels are managing to cross the Strait of Hormuz. Plus, Ferrari is set to launch its first fully electric supercar model.
Oil prices continued to climb on Tuesday, as US President Donald Trump said the ceasefire with Iran was "on massive life support". Meanwhile, the CEO of Saudi Aramco, the world's largest oil company, told analysts the closure of the Strait of Hormuz has generated a loss of 100 million barrels every week. Also in this edition: Trump wants to scrap the US federal gas tax to help consumers deal with the impact of the war in Iran.
Global oil prices rose further on Tuesday with Brent crude climbing near $110 a barrel, as a standoff over the Strait of Hormuz continues with the US and Iran both rejecting the other's ceasefire proposal. Meanwhile, Japanese snack giant Calbee has decided to temporarily switch to black and white packaging for some of its products, including crisps and prawn crackers. This is due to instability in the supply of printing ink, which is made using petrochemical materials.
Benchmark crude oil prices rose on Monday as US President Donald Trump rejected Iran's latest counterproposal to find an end to the war in the Middle East. The continued closure of the Strait of Hormuz is leaving its mark on economies around the world, with India's Prime Minister Narendra Modi calling for reduced fuel use and Chinese inflation gauges ticking up higher than expected. Also in this edition: French President Emmanuel Macron announces more than €1 billion in investment in Kenya.
In Canada's oil heartland of Alberta, separatism is no longer just a slogan. An unprecedented movement of independence supporters, aided by a reform from the western province's conservative government, has just cleared the way for a referendum to be held on October 19. This is a first in Canada since Quebec's failed independence referendum in 1995.
Brent crude has jumped to its highest level since the start of the Ukraine war after US President Donald Trump signalled that the American blockade on the Strait of Hormuz could last for months. Also in this edition: the US Federal Reserve prepares for a new chief as its board tries to maintain political independence, and French oil giant TotalEnergies faces calls for a windfall tax amid soaring profits.
This episode explores how advanced satellite and ultrasonic technologies are revolutionizing methane and flare gas measurement in the oil and gas industry. This episode discusses recent regulatory changes, innovative measurement methods and the importance of accurate data for environmental sustainability.
OPEC faces a double crisis as it manages both the energy shock caused by the closure of the Strait of Hormuz, and the departure of the UAE. Also in this edition: Airbus reports some disappointing quarterly results. Plus, OxyContin maker Purdue Pharma is sentenced to $5.5 billion in fines for its role in the deadly opioid crisis in the US.
The United Arab Emirates has announced it will leave OPEC and OPEC+ on May 1, in a significant blow to the oil cartels. In a statement, the Gulf country said it was doing so to focus on its national interest. The country had often expressed frustration at production quotas set by the group, and its relationship with Saudi Arabia, OPEC's de facto leader, had become increasingly tense.
With a summer of travel chaos looming for many European holidaymakers, one ferry operator is promising smooth sailing. Christophe Mathieu, CEO of Brittany Ferries, tells FRANCE 24 the line has enough supplies of maritime fuels to last the season, and vows not to raise ticket prices despite the global energy crisis. Also in the show: Warner Bros. shareholders vote to approve a takeover by Paramount Skydance, a mega-merger which could reshape the US media landscape.
Share your Field Stories!Welcome back to Environmental Professionals Radio, Connecting the Environmental Professionals Community Through Conversation, with your hosts Laura Thorne and Nic Frederick! On today's episode, we talk with Melissa Troutman, award-winning journalist and filmmaker about Oil and Gas industry, Investigative Journalism, and the Permian Basin. Read her full bio below.Help us continue to create great content! If you'd like to sponsor a future episode hit the support podcast button or visit www.environmentalprofessionalsradio.com/sponsor-form Showtimes: Time - NAEP Member ShoutoutsTime - Nic and Laura dive into marketing yourselfTime - Interview startsTime - Time - Please be sure to ✔️subscribe, ⭐rate and ✍review. This podcast is produced by the National Association of Environmental Professions (NAEP). Check out all the NAEP has to offer at NAEP.org.Connect with Melissa Troutman at https://www.linkedin.com/in/melissa-troutman-28234056/Guest Bio:Melissa Troutman is an award-winning journalist, filmmaker, and environmental policy advocate. In 2011, Melissa co-founded the investigative newsroom Public Herald and in 2019 received a Community Sentinel Award honoring her dedication and support for communities and ecosystems in oil and gas regions. After more than a decade investigating corruption and collusion in the oilfields of Pennsylvania, Melissa turned to policymaking in the highest yielding oil and gas extraction zones across the United States. Since 2022, she has served as Climate and Health Advocate for WildEarth Guardians with a focus on energy development in New Mexico and Colorado.Music CreditsIntro: Givin Me Eyes by Grace MesaOutro: Never Ending Soul Groove by Mattijs MullerSupport the showThanks for listening! A new episode drops every Friday. Like, share, subscribe, and/or sponsor to help support the continuation of the show. You can find us on Twitter, Facebook, YouTube, and all your favorite podcast players.
Our guest in this show is known for crossing swords with the Trump administration on the regulation of big tech and, more recently, for actually coming under a US travel ban. Thierry Breton was the EU Commissioner for the Internal Market from 2019 to 2024, when he had a major role in driving forward the Digital Services Act and the Digital Markets Act. He and four other figures were hit with US travel bans at the end of last year, prompting Breton to denounce what he called "a wind of McCarthyism blowing again".
European airlines could run out of jet fuel in six weeks' time. That's the stark warning from the head of the International Energy Agency, Fatih Birol, who says passengers should expect fewer flights and higher prices. Carriers are already reducing their flight schedules ahead of the summer holiday season. Also in the show: European officials urge governments not to forget the Ukraine war, saying that Russia's economy cannot be allowed to benefit from the energy shock.
The Iran war has exposed the vulnerabilities of countries reliant on Middle Eastern fossil fuels. Ramon Mendez, former Uruguayan energy secretary and president of REN21, tells FRANCE 24 that a drastic shift to renewable energy is possible with the right strategy in place, and that other nations can follow in Uruguay's footsteps. The South American country now gets 98 percent of its electricity from low-carbon sources.
US crude oil prices surged nearly 8%, reaching US$104 per barrel, as concerns grow over a potential US blockade of the Strait of Hormuz. In March, Iran exported around 1.85 million barrels of crude per day through the strait. Meanwhile, Hungarians are eyeing a new economic future as Peter Magyar promises reforms to tackle corruption.
When will the Strait of Hormuz be open for business again? A fragile ceasefire may be in place, but for now maritime traffic through the waterway remains at a near standstill. There is growing evidence that Iran's Revolutionary Guard has laid mines in the Strait, a move likely to deter shipping companies from making the journey. FRANCE 24 speaks to Adi Imsirovic, lecturer on the energy systems at the University of Oxford.
Crude oil prices rose again on Thursday as the ceasefire announced by US President Donald Trump and Iran shows signs of fragility. In this edition, we speak with Ilian Mihov, Professor of Economics at INSEAD, about whether the war and the resulting oil shock could trigger a global recession. He explains that supply shortages can affect economic activity more than price hikes and outlines the delicate calculations central banks will have to make.
The war in Iran has sent fuel costs soaring, leaving consumers scrambling for savings. At the New York Auto Show, many drivers are warming to the idea of switching to electric vehicles as petrol prices climb, as our correspondent Jessica Le Masurier reports. Also, a relief rally loses momentum as the fragile Iran ceasefire enters its second day, and the Organisation for Economic Co-operation and Development warns of a “historic decline” in international development aid, driven largely by the United States.
A two-week ceasefire agreement between the United States and Iran on Wednesday led to a steep drop in oil prices and a rebound in Asian and European equities. In this edition, we see what the various stakeholders are saying the deal means for the future of the Hormuz Strait through which a fifth of the world's supply of oil and natural gas transits. And we see how Pakistan's adoption of solar power has partially protected it from the energy shock left in the wake of the war.
Oil prices have plunged and stock markets soared after the announcement of a two-week ceasefire between the US and Iran. But regardless of whether the deal holds, the energy crisis unleashed by the war is far from over. Damage to infrastructure in the region means it could take years for oil and gas production to get back to pre-war levels. Meanwhile, global aviation group IATA says supplies of jet fuel will remain tight.
Israeli airstrikes have hit two petrochemical plants in Iran's South Pars gas field complex. It is the second time Israel has targeted the key energy complex since the war started. The previous attack, on March 18, triggered retaliatory strikes by Iran on energy infrastructure across the region. We look at why the gas field is so important for Iran and the world. Plus, Pakistan has offered public transport to people to cushion the impact of the Middle Eastern energy crisis.
Oil prices searched for direction on Tuesday amid conflicting events related to the Iran war. While US President Donald Trump's threats that the US would obliterate Iranian energy infrastructure if the Strait of Hormuz remained closed led to an increase in prices, a later report saying Trump is seeking an end to the war brought them down. Also in this edition: inflation in France ticks up because of higher energy prices and Australia threatens legal action against social media giants.
Global oil prices have continued to surge after Yemen's Houthi rebels entered the Middle East war, launching attacks on Israeli targets. The Iran-allied militants had previously attacked commercial ships passing through Bab-el-Mandeb, a maritime chokepoint between the Red Sea and the Gulf of Aden, during Israel's war with Hamas. The weekend events have stoked fears of wider disruption to the global energy and goods trade as the strait is crucial for shipping between Europe and Asia via the Suez Canal.
Oil surged over $115 a barrel this Monday as the war in Iran entered its fifth week. Houthi strikes on Israel have raised concerns that shipping through the Bab el-Mandeb strait could be disrupted, adding to the supply pressure already created by the effective closure of the Strait of Hormuz. Also in this edition, we see how the conflict in the Middle East is affecting a wide range of businesses, including used car dealers in Japan and South Korea.
A $2.6 billion taxpayer-funded fuel crisis ‘solution’ sees Jim Chalmers and Anthony Albanese flick the switch to spending - but does anyone believe the Government can stop the panic? And why aren’t we rationing fuel? Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel. Deeper reading: Calls to avoid ‘nanny state’ solutions The Premier who wants to tap ‘sea of oil’ More analysis from Geoff Chambers This episode of The Front is presented and produced by Claire Harvey and edited by Joshua Burton. Our team includes Kristen Amiet, Lia Tsamoglou, Tiffany Dimmack and Jasper Leak, who also composed our music. See omnystudio.com/listener for privacy information.
Concern that the Iran war could plunge the world into stagflation is rising as hostilities in the Middle East continue with no end in sight. The European Bank for Reconstruction and Development (EBRD)'s chief economist Beata Javorcik tells FRANCE 24's Yuka Royer that while the world is not yet seeing high stagflation risks, everything depends on how long the conflict will last. Ongoing high energy prices will lead to higher inflation, which will in turn hurt growth.
France's Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran's retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.
The energy crisis over the Iran war has left some countries glad they've added more renewables, while others are doubling down on fossil fuels. But first: oil prices fall on hopes for de-escalation in the Middle East, while suspicions swirl over potential insider trading on Trump administration policies.
Oil prices rose again on Tuesday, a day after a sharp decline, amid confusion over which way the Iran war is going. Brent crude settled well above $100 a barrel. Meanwhile, rising energy costs stemming from the conflict are causing the cost of plastic packaging to skyrocket, which in turn will make everything on supermarket shelves more expensive. But first: the EU and Australia have sealed a landmark free trade agreement that will eliminate tariffs on most goods.
Kenner Police are warning drivers they will tow your car if you don't have insurance. We talk to Chief Keith Conley.
Global crude oil prices fell about 10% and Wall Street stocks rallied after Donald Trump said he was holding off military strikes on Iran's power plants following "constructive talks" with Tehran, despite Iran denying it was negotiating a deal. Meanwhile, France is looking at the possibility of increasing the country's refining capacity to cushion the impact of higher petrol prices on consumers, but is stopping short of cutting fuel taxes.
Oil runs the world. And right now the oil and gas industry is going through a major disruption because of the war in Iran. Oil prices are rising and there's no end in sight. So, what does this mean for you? Oil, Gas and Energy sector expert Dr. Carole Nakhle joins us to explain where the price of oil is headed, the major factors influencing prices at the pump and more. Then, it's Club Sandwiches and Grilled Cheese vs. Reubens and Cubans as we countdown the Top 5 Kinds of Sandwiches 00:00: Introducing Dr. Carole Nakhle 01:09: Why Gas Prices are Rising 03:25: How Oil Prices Impact the World Economy 05:54: What $200 a Barrell Would Look Like 08:24: Iran and Oil 09:18: History of Oil Shocks 12:56: How Long Before the Worst Case Scenario 14:05: The Importance of the Straight of Hormuz 16:04: Releasing The Strategic Petroleum Reserves 17:36: Getting Back to Normal 21:02: Pointless 49:34: Top 5 Sanwiches Contact the Show Dr. Carole Nakhle Crystol Energy Dr. Carole Nakhle LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices
The Trump administration is taking steps to curb rising energy costs, as it continues to wage war in the Middle East. The US is easing sanctions on Venezuela, and suspending a century-old shipping law, in an effort to get more oil supplies into the global market. Meanwhile, oil prices continue to rise, with crude topping $109 per barrel, as Gulf energy infrastructure is targeted by strikes. Also in the show: the UN's maritime agency seeks safe passage for sailors trapped by the conflict.
Iran sends drones to attack the UAE port of Fujairah in the Gulf of Oman, raising the stakes as Gulf states send their blocked crude through pipelines away from the contested Strait of Hormuz. We take a closer look. Also in this edition: central banks face a dilemma as high oil prices threaten to both rekindle inflation and slow global growth.
Two Indian-flagged tankers together carrying over 92,000 metric tonnes of liquefied petroleum gas have arrived at ports in Gujarat state after safely passing through the Strait of Hormuz. New Delhi has been negotiating with Iran, but the government denies discussing the possible release of Iranian tankers it seized in February as part of the bargain. Meanwhile, global crude prices jumped again amid new Iranian attacks on the UAE.
Global oil prices fell sharply on Monday after a Pakistan-bound oil tanker passed through the Strait of Hormuz with its transponder on. The decline came even as countries have so far rebuffed Donald Trump's request to send warships to escort vessels through the waterway. Meanwhile, the International Energy Agency said its members could unlock more oil from their strategic reserves after agreeing to jointly release a record 400 million barrels from their emergency stockpiles.
It's been a week that's seen a new Ayatollah proclaimed in Iran. Mojtaba Khamenei, son of the assassinated supreme leader Ali Khamenei, has not been seen in public and is believed to be in hiding after reportedly being injured in the same strike that killed his father. State television showed crowds chanting “Long Live Khamenei”, while at night in Tehran some residents risked arrest to shout from their windows: “Death to Mojtaba”. A statement attributed to the new leader vowed continued attacks on US and Israeli interests, the closure of the Strait of Hormuz, and what it called “never-ending revenge”.
Brent crude has once again topped $100 a barrel as energy markets brace for the Iran conflict to drag on. US President Donald Trump says he is less concerned about high oil prices than about stopping Iran, while his energy secretary has confirmed the military cannot yet escort tankers through the Strait of Hormuz. Also, Indian households and businesses are facing high prices and shortages of cooking fuel, linked to disruptions in the Gulf.
Oil markets fell and picked up again on Wednesday, as the International Energy Agency reportedly considers its largest-ever release of emergency crude stockpiles to stabilise global markets, while Iran is said to have laid naval mines in the Hormuz Strait. In this edition, we look at how the latest developments in the ongoing Middle East war are affecting markets.
Global benchmark prices for oil fell, and stocks rose, on the back of US President's comments signalling the war in Iran could be nearing some form of conclusion. Meanwhile, the Strait of Hormuz is still effectively closed to tanker traffic, and Washington is weighing its options both to clear the bottleneck and ease pressure on consumers back home. Also in this edition, Venezuela prepares to open up its mining sector to US companies.
As the Iran war continues to disrupt oil supplies from the Middle East, Paris has hosted a summit aimed at boosting the use of civilian nuclear energy. Announcing a plan to provide a €200 million guarantee for investment in innovative nuclear technologies, European Commission President Ursula von der Leyen said it had been a strategic mistake for the continent to reduce the share of nuclear power in its energy mix.
Crude oil prices pulled back sharply after brushing $120 a barrel earlier on Monday. After hovering around $100 for most of the day, both Brent and WTI benchmarks reversed course following comments from Donald Trump suggesting the US-Israeli war with Iran could soon come to an end. As Gulf countries began cutting production amid a rapid decrease in available storage space, consumers have already started seeing fuel prices rise.
Oil prices have steadied for the first time since the US and Israel launched strikes on Iran. But concerns about energy security and prices are weighing on consumers. In France, long queues have formed at petrol stations, despite the energy minister's assertion that the public shouldn't worry about shortages. Also in the show: shipping giants Maersk, Cosco and Hapag-Lloyd suspend all operations in the Gulf, and the Trump administration plans to raise global tariffs to 15 percent "sometime this week".
As war escalates in the Middle East and Iran's security forces order ships not to cross the Strait of Hormuz, oil prices have surged this Monday, putting pressure on global markets. In this edition, we speak to Jorge León of Rystad Energy to better understand the forces that are bringing benchmark energy prices higher.
Iran has declared the Strait of Hormuz closed and threatened to fire at any ship passing through it. The narrow waterway is a vital chokepoint for global oil and gas, but also for other commodities such as fertiliser. FRANCE 24's Yuka Royer speaks with Noam Raydan, a maritime risk expert at The Washington Institute for Near East Policy, about the potential impact of the Strait's closure and how Iran could further escalate the situation.