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Oil & Gas

Reactions to Israel's attack against Hamas leaders Qatar

Israel attacked the Hamas leadership in Qatar, where this Palestinian Islamist group had long been based. Here are some comments from state and national leaders in response. ISRAELI PREMIER MINISTER BENJAMIN NETANYAHU "Today's operation against top terrorist leaders of Hamas is a completely independent Israeli operation. Israel is fully responsible for the event, as it was Israel who initiated, conducted and took full responsibility." "Qatar condemns the cowardly Israeli assault that targeted the residential buildings in Doha, the Qatari capital where several members of Hamas' Political Bureau resided." This criminal attack is a flagrant violation of international law and norms...

Oil & Gas

Reactions to Israel's attack against Hamas leaders Qatar

Israel attacked the Hamas leadership in Qatar, where this Palestinian Islamist group had long been based. Here are some comments from state and national leaders in response. ISRAELI PREMIER MINISTER BENJAMIN NETANYAHU "Today's operation against top terrorist leaders of Hamas is a completely independent Israeli operation. Israel is fully responsible for the event, as it was Israel who initiated, conducted and orchestrated it. "Qatar condemns the cowardly Israeli assault that targeted the residential buildings in Doha, the Qatari capital where several members of Hamas' Political Bureau resided." This criminal attack is a flagrant violation of international law and norms and...

Oil & Gas

INSTANT VIEW: Gold and oil spikes after Israel attacks on Qatar

Investors bought traditional safe-haven investments on Tuesday. Gold briefly reached a record high after the Israeli military claimed it had attacked Hamas leaders in Qatar. This marked an escalation in the conflict in this region. The Japanese yen, Swiss franc and oil prices all rose by about $1 per barrel. COMMENTS: MICHAEL BROWN SENIOR RESEARCHER, PEPPERSTONE LONDON. The immediate reaction to the spike in crude benchmarks, and a slight increase in spot gold is logical. Qatar's response immediately shows that it is not looking to escalate tensions or retaliate. "I'd expect the rally in crude to fade relatively rapidly, as...

Oil & Gas

Colombia's Petro has threatened to change Glencore's contract regarding Israel coal exports

The Colombian president Gustavo Petro threatened on Tuesday to unilaterally change Glencore's contract with the government if it continued to export coal to Israel. However, the company claimed that the shipments had already stopped in accordance with a presidential order. Petro, who spoke at an event organized by the Community of Latin American and Caribbean States for CELAC on energy, said: "I'm willing to unilaterally alter the concession contract." The president warned that, if Glencore refused to comply with his order to suspend the shipment of coal from the mine, he would call on the local communities to blockade the...

Natural Gas Utilities

Prices of EUROPE GAS have fallen by over 10% following the news that Iran and Israel had reached a ceasefire

The wholesale gas price in the Netherlands and Britain fell by more than 10% Tuesday morning, following the news that Iran had agreed to a ceasefire with Israel. This removed the premium for risk the market had built into the market due to potential disruptions of oil and gas supplies. The benchmark Dutch front month contract at the TTF Hub fell by 4.86 euro to 36.38 Euros per Megawatt Hour (MWh), which is $12.38/mmBtu by 0939 GMT. It had traded as low 35.45 Euros/MWh earlier, LSEG's data showed. The British front-month contracts was down 13.72 pennies at 84.85 cents per...

Oil & Gas

Egypt wants more fuel oil in August to power its electricity generation

Five trading sources said that Egypt wants to buy more fuel oil in order to meet its electricity generation needs. Fuel oil has been purchased in greater quantities by the country this year to ease a gas shortage that resulted from the loss of gas pipelines connecting Israel and Egypt. According to trading sources, the Egyptian General Petroleum Corporation is looking for about 900,000.0 metric tons (tonnage) of fuel oil in its latest tender. One source said that the tender will be closed on July 2, and valid until July 10. The Egyptian Petroleum Ministry didn't immediately respond to an...

Oil & Gas

Trackers report that Iran has adapted to maintaining oil exports in conflict.

Two vessel tracking companies said that Iran maintains crude oil supplies by loading tanks one at atime and moving floating storage closer to China. The country is trying to keep its main source of income while being attacked by Israel. The conflict that erupted between Iran and Israel last week is a new obstacle for Iran. It uses a fleet of shadow tankers to hide their origins and avoid U.S. sanctions imposed in 2018 due to its nuclear program. Iran is the third largest producer of crude oil in OPEC. Most of its exports go to China. The trackers reported...

Oil & Gas

Israel will resume natural gas exports once the military determines that it is safe, says energy minister

Israel's Energy Minister Eli Cohen announced on Wednesday that the country will resume natural gas exports once its military deems it safe. The air battle between Israel & Iran is now in its sixth day. Since June 13, two of Israel's three natural gas fields, Leviathan operated by Chevron and Karish owned by Energean, off its Mediterranean coastline that provides the bulk of the exports to Egypt & Jordan have been closed. The older leaves are still in use Field used mostly for domestic supply. Cohen stated that he had been in touch with Egpyt, Jordan and Jordan regarding the...

Oil & Gas

US withdraws from two more bases in Syria, alarming Kurdish forces

Reporters visiting the region found that U.S. troops have now withdrawn from two additional bases in northeastern Syria. This is part of a larger troop withdrawal, which, according to the commander of U.S. backed Syrian Kurdish Forces, has allowed a resurgence by Islamic State. Reporters who visited these two bases last week found that they were mostly deserted. They were both guarded only by a small number of Syrian Democratic Forces, the Kurdish led military group Washington has supported in its fight against Islamic State since a decade. The razor wire that surrounded the perimeters of the bases occupied by...

Oil & Gas

G7 needs to raise pressure on Russia, von der Leyen says

Ursula von der Leyen, President of the European Commission, said that more pressure should be applied to Russia in order to secure a ceasefire. She urged G7 nations intensify sanctions to achieve this goal. The leaders of the largest industrial countries are meeting in Canada’s Rockies, along with European nations. They want to keep the conflict in Ukraine on the minds of U.S. president Donald Trump, despite the fighting between Israel and Iran taking place in the Middle East. The European Union has decided to adopt new sanctions against Russia. However, they have not been able to convince Trump, who...

Oil & Gas

Yemen's Houthis launch ballistic missiles at Israel in coordination with Iran

Yemen's Iran aligned Houthis announced on Sunday that they were targeting Israel in coordination and coordination with Iran. This is the first time a group with an Iran alignment has publicly announced a joint attack with Tehran. In a recent televised speech, Yehya Saarea, the military spokesperson said that the Yemeni group had targeted central Israel's Jaffa in the past 24 hours with a number of ballistic missiles. He added: "This operation was coordinated along with the Iranian army's operations against the criminal Israeli enemies." Earlier, the Israeli military said that sirens had been activated in various areas of the...

Oil & Gas

How can Trump bring peace to Ukraine?

Donald Trump said that he would be meeting with the presidents from Russia and Ukraine to discuss stopping the "bloodbath" in Ukraine. What are the obstacles that the U.S. President faces when he is trying to negotiate a peace agreement with Russia and Ukraine? SECURITY GUARANTEE Ukraine, which has been subjected to a full scale invasion in 2022, and witnessed Russia annex Crimea, needs security guarantees from major powers, primarily the United States. Sources involved in the talks say that the problem is that a security agreement without teeth could leave Ukraine vulnerable. Diplomats talked about a "robust" security guarantee,...

Fossil Fuels

Fossil Fuels

Israel attacks Hamas leaders and blasts are heard in Doha

Israel attacked the Hamas leadership in Qatar on February 2, expanding its military operations that had been sweeping the Middle East, to include the Gulf Arab State where the Palestinian Islamist movement has its long-standing political base. Unofficially, an Israeli official confirmed that Israel attacked Hamas leaders in Qatar. Al Jazeera TV in Qatar, citing Hamas sources, reported that the attack was on Hamas Gaza peace negotiators. Witnesses reported hearing several blasts in Doha, Qatar on Tuesday. Legtifya's petrol station was erupting with black smoke. The small residential compound next to the petrol station has been guarded 24 hours a...

Crude Oil

Sources say that US sanctions on Russian oil force ships to divert away from India

Trade sources and LSEG data show that at least two ships loaded with Russian crude oil bound for refiners located in India were diverted due to new U.S. Sanctions. This week, the U.S. Treasury Department imposed sanctions against more than 115 Iran linked individuals, entities and ships. Some of these vessels are involved in transporting Russian crude oil. Donald Trump, the U.S. president, has warned that he will impose 100% tariffs on all oil purchases from Moscow unless Russia signs a peace agreement with Ukraine. Trade sources reported that three ships, the Aframaxes Tagor, Guanyin, and Suezmax Tassos were to...

Fossil Fuels

UN expert: 'Lucrative business deals' help Israel sustain its Gaza campaign

In a report, a U.N. expert named 60 companies including major arms and technology firms. She accused them of supporting Israeli settlements in Gaza and their military actions, which she referred to as a "genocidal war." Francesca Albanese is an Italian lawyer who specializes in human rights. She is the Special Rapporteur of the United Nations on the Occupied Palestinian Territories. The report was compiled based on more than 200 submissions by states, human-rights defenders and companies. The report published late on Monday calls for companies not to do business with Israel, and that executives who are implicated in alleged...

Power Markets

Nuclear Power

Nuclear Power

Russia is worried about the threat of new attacks on Iranian nuclear facilities

Russia expressed concern on Wednesday about the possibility of new attacks on Iran's nucleonic facilities. It said that a deal regarding Tehran's program could be reached by dialogue. Israel and the United States bombarded Iranian nuclear facilities in June, with the stated goal of preventing Tehran acquiring a nuke weapon. Iran denies that it has any such intentions. "Regular threats against Iran to launch new bomb and missile strikes on its nuclear facility cannot help but cause serious concern." Such statements are cynical, especially when they are made in the name of an imaginary concern about the non-proliferation nuclear weapons,"...

Nuclear Power

Netanyahu expects to expand peace talks after Iran war

Benjamin Netanyahu, Prime Minister of Israel, said that Israel's war against Iran was a chance for peace and his country shouldn't waste it. In a press release, Netanyahu stated: "This victory offers an opportunity to dramatically expand peace agreements." This is something we are working with great enthusiasm on. "Along with the release of hostages and defeating Hamas, a window of chance must not be missed." We can't waste a single moment." Israel Hayom, citing an anonymous source, reported earlier in the day that Netanyahu and U.S. president Donald Trump had agreed, in a telephone call this week, to end...

Nuclear Power

UN Mission says Israeli strike on Iran could have violated international laws

An investigation by the United Nations found that Israel may have violated international humanitarian law in some cases, citing the deaths of three aid workers and civilians in an apartment building in Tehran. Israel launched airstrikes against Iran on 13 June in a surprise assault that resulted in the deaths of many top Iranian commanders. Since then, Israel has intensified its attacks and prompted an exodus out of Tehran. On Sunday, the United States also joined in by attacking Iran's nuclear underground sites. The Iranian Red Cross and several residents of a Tehran apartment complex were among those killed, as...

Nuclear Power

IAEA: US attack on Iran's Isfahan nuclear site has destroyed entrances to tunnels, according to the IAEA

U.S. strikes on the Isfahan complex, which houses Iran's vast uranium-enriched stockpile, caused damage to the tunnels that store a portion of the uranium. The U.N. nuclear watchdog confirmed this Sunday. The International Atomic Energy Agency issued a statement saying that "we have established that the entrances to the underground tunnels on the site were affected." Isfahan is the site where officials have said that a large amount of Iran's highly enriched uranium is stored. Rafael Grossi, chief of IAEA, confirmed in a statement made to the U.N. Security Council shortly after the IAEA's statement that the tunnels were part...

Nuclear Power

Tel Aviv stocks reach record highs following US strike on Iran nuclear sites

Israeli stocks reached record highs after the U.S. attacked Iran's nuke sites, which investors believe will likely prevent Tehran from developing a nuclear weapon anytime soon. The broad Tel Aviv 125 closed 1.8% higher. This brings the gains in the last week to almost 8%, while the blue-chip TA-35 rose 1.5%. Shares rose in all five sessions of last week after Israel struck Iranian targets, including military and nuclear, prior to the surprise U.S. attack on Saturday. Ronen Menachem, chief markets economist at Mizrahi Tefahot, said: "The destruction by the U.S. of Iran's nuclear facilities is a positive event... for...

Nuclear Power

IAEA: Israeli strike hit Iran's Natanz underground enrichment plant directly

The U.N. nuclear watchdog revised its initial assessment on Tuesday after initially reporting that it was only indirectly hit. The International Atomic Energy Agency (IAEA) has provided updates since Israel launched a wide-ranging attack on Iran last Friday. However, it hasn't been able conduct inspections. IAEA previously stated that an above-ground enrichment pilot plant in Natanz had been destroyed, but the larger underground facility was not directly affected. However, IAEA Chief Rafael Grossi claimed on Monday that its centrifuges were very likely badly damaged due to a strike against the plant's electricity supply. On Tuesday, it was reported on X...

Nuclear Power

Kremlin: Russia is willing to mediate in Iran and accept Tehran's Uranium.

The Kremlin announced on Monday that Russia is still ready to serve as a mediator between Israel and Iran. Moscow's proposal to store Iranian Uranium in Russia also remains on the table. Tehran claims it has a right to peaceful nuclear energy, but the rapid progress of its uranium-enrichment programme has sparked fears across the Gulf and the West that the country is trying to build a nuclear bomb. enriched uranium It is possible to ease the crisis by converting nuclear fuel from Iran into civilian reactor fuel. This proposal is still on the table and it is still relevant....

Nuclear Power

Diplomats claim that the UN's nuclear watchdog board will meet to discuss Israel's Iran strike.

Diplomats confirmed that the Board of Governors of the U.N. Nuclear Watchdog will hold an extraordinary meeting on Monday in order to discuss Israel's attacks on Iran. At least one country requested it at the regular quarterly session of this body held on Friday. A meeting can be called by any country that is a member of the International Atomic Energy Agency's (IAEA) board. Diplomats reported that Iran, a member of the board but not a member, had requested a meeting. It was backed by Russia, China, and Venezuela. Diplomats differed on which board member made the initial request. Before...

Nuclear Power

The Kremlin has said that Putin is willing to assist Trump in the Iran nuclear negotiations.

The Kremlin reported on Thursday that President Vladimir Putin had told Donald Trump, President of the United States, that he would use Russia's close relationship with Iran to assist in negotiations regarding Iran's nuclear program. Trump told Putin in a telephone call on Wednesday that Iran had a limited time to decide on its nuclear program and that he thought Putin agreed with him that the Islamic Republic shouldn't have nuclear weapons. Trump said that Putin suggested that he take part in the talks with Iran, and that he "could, perhaps, help in getting this to a quick conclusion", even...

Nuclear Power

Trump's quest for $1 trillion is unlikely to bring about Saudi-Israeli ties

Donald Trump, the U.S. president, will land in Riyadh, Saudi Arabia, on Tuesday. He will be welcomed with lavish ceremonies, palaces gilded in gold, and the prospect that $1 trillion worth of investments are in store. The raging Gaza war has prevented him from achieving a goal that he had long desired: Saudi-Israeli normalisation. Two Gulf sources and an official from the United States said that behind closed doors, U.S. officials were quietly pressuring Israel to agree to a ceasefire immediately in Gaza. This was one of Saudi Arabia’s conditions for resuming normalization talks. Steve Witkoff, Trump's Middle East envoy,...

Pollution

What Trump 2.0 would mean for trade, migrants, climate modification and electric cars and trucks

A Donald Trump governmental election success would have substantial implications for U.S. trade policy, climate change, the war in Ukraine, electric lorries, Americans' taxes and prohibited migration. While a few of his proposals would need congressional approval, here is a summary of the policies he has actually stated he would pursue in his 2nd four-year term in workplace: MORE TARIFFS Trump has drifted the concept of a 10% or more tariff on all items imported into the U.S., a move he says would get rid of the trade deficit. However critics say it would lead to higher prices for American...

Nuclear Power

Iran complains to UN nuclear guard dog about Israeli hazards against its nuclear sites

Iran has composed to the U.N. nuclear guard dog to grumble about Israel's dangers against its nuclear sites, foreign ministry spokesperson Esmaeil Baghaei stated on Monday at a weekly press conference. Israel has actually pledged to attack Iran in retaliation for a volley of Iranian rockets introduced on Oct. 1, resulting in prevalent speculation that Iran's nuclear sites could be among Israel's. targets. Threats to attack nuclear websites protest U.N. resolutions ... and are condemned ... we have actually sent out a letter about. it to ... the U.N. nuclear guard dog, Baghaei said in the. telecasted news conference. Separately,...