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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 UAE is getting out of OPEC. More on this with Warren Martin from Kansas Strong, the advocacy group for the Kansas Gas and Oil industry.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Patrick DeHaan of GasBuddy.com says YES. He says that we will not see $3 gas prices until later this year due to the war in Iran and Summer blend gas price increases
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.
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.
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.
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”.
Amid the current crisis surrounding the Strait of Hormuz, Nadia Massih is pleased to welcome Dr. Guy Laron, Author of "Oil Wars", Historian and Senior Lecturer in International Relations at the Hebrew University of Jerusalem. According to Dr Laron, what we are witnessing is not merely a regional confrontation but a textbook demonstration of how energy chokepoints shape global power. Iran's strategy relies on exploiting one of the world's most critical bottlenecks in the oil trade, a tactic that has repeatedly proven effective throughout modern history.
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.
What impact is the war having on oil and gas prices? How will that impact what you pay at the pump? We'll break it down with Eric Smith with Tulane's Institute of Energy.
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.
Hungary's Prime Minister Viktor Orban has asked the EU for a fact-finding mission over disruptions to a pipeline which delivers Russian crude oil. Hungary has accused Ukraine of "deliberately threatening" its energy security ahead of key parliamentary elections. The Soviet-era Druzhba pipeline is still used by Hungary and Slovakia, which remain dependent on Russian oil imports despite European efforts. Also in the show: German lawmakers consider ending the eight-hour workday.
This week, MSD pivots a bit and airs the latest episode of the Oil Groundup Podcast, where host Rory Johnston welcomes Ronald Smith, a consultant with 25 years of experience analyzing the Russian oil and gas sector. The discussion delves into why Russia's industry is far more complex than other OPEC+ members due to its vast refining sector and extensive pipeline networks that crisscross continental Asia. Smith explains the geographic evolution of production, highlighting West Siberia as the current "anchor" while exploring the future potential of Arctic and East Siberian greenfields._____TerraHutton empowers junior mining companies to secure investment with immersive, interactive, and visually striking storytelling. Learn more about the TerraHutton platform HERE______This episode of Mining Stock Daily is brought to you by... Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-dash-gold.comVizsla Silver is focused on becoming one of the world's largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at equinoxgold.com Integra Resources is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com