There is a shift in Israel's war on Lebanon. It now flattens whole buildings, without warning, to kill non-combatants. It also takes down whole buildings on a revolving basis: coming back again and again to areas evacuated before, to maximize damage and minimize attention.

213% increase in the number of Israeli announced strikes on South Beirut last 7 days, as compared to the previous week- And the figure excludes unannounced strikes. See more on the link below 👇🏽

New Trump admin plans to review the US' role in the IEA's funding, sources tell Herman Wang and me. "There's a feeling in the [Trump] admin ... the IEA has gone beyond its mandate." IEA sees peak oil by 2030, which many in industry see as unrealistic shorturl.at/KMJZx

Asst. Sec. of State for Energy Resources Geoffrey Pyatt told me the US has found a "partner" in Iraqi PM Sudani who is working to get out from under Iranian influence & tackle corruption. US firms aren't biting. They hold just 1.8% of shares in Iraqi O&G development projects.

We may have found those missing barrels 👇. UAE oil production data confounds barrel counters, OPEC+ partners plattsconnect.spglobal.com/web/index.html… Continue reading by subscribing to S&P Global Platts Connect. Email [email protected].

How much oil does the UAE pump? It's tied to OPEC+ quota of 2.912 m b/d, but: Some barrel counters estimate prod. as much as 300k - 400k b/d more, citing high exports, causing some confusion in the market. Importantly, not everyone agrees Read it here: spglobal.com/commodityinsig…

#Trump's planned maximum pressure sanctions on Iran may extend to #Iraq's #oil sector in a bid to counter Iranian influence there, sources tell me & Herman Wang. Iraq’s sanctions waivers to import Iranian gas & power would be terminated at a minimum. plattsconnect.spglobal.com/#platts/newsAr…

ICYMI: Trump's maximum pressure campaign on Iran may extend to neighboring Iraq, sources tell me and Lauren Holtmeier, targeting OPEC's second largest crude producer and a known oil smuggling hotbed. With insights from Bob McNally #OOTT spglobal.com/commodityinsig…

A record of roughly 530 GW was added to global renewable #energy capacity in 2024, preliminary data show, IRENA director general says in Abu Dhabi. That's still half of what's needed. Global green capacity climbs above 4,000 GW for the first time. plattsconnect.spglobal.com/#platts/newsAr…

#Syria's state-backed Sytrol, still sanctioned by the #US and EU, has issued some tenders to purchase gas oil and LPG, a trading source tells me. Payments for #oil products is said to be in US $, the use of which was illegal until very recently. #OOTT plattsconnect.spglobal.com/#platts/newsAr…

Yemen's oil minister urges Iran to halt Houthi support as it eyes restarting gas exports ^My headline from Cairo's oil & gas conference. Read it here: plattsconnect.spglobal.com/web/index1.htm…

Iraqi #crude exports via Ceyhan remain halted as talks fail ▪️ International oil companies in Kurdistan say demands not met ▪️ They will not send oil to SOMO yet ▪️ Contract concerns, payment of debt key barriers 🖥️ Full story: okt.to/rCGn4j #oil #OOTT

Following a meeting in Iraq, oil company sources told me that until their concerns are taken seriously & addressed, no #oil will flow through the Iraq-Turkey pipeline that US President #Trump wants reopened. Read more about what those concerns are here: spglobal.com/commodity-insi…

Markets weigh supply concerns as #Israel continues striking targets in #Iran. Netanyahu said the response will take as long as needed, signaling more strikes are possible. The Strait of Hormuz remains open for now, but ships urged to take caution. My factbox here:

Oil market braces for supply risks as Middle East tensions escalate spglobal.com/commodity-insi…

*Hours before US strikes, Houthis issue new threat to American ships in Red Sea if they join Israel *US strikes on Iran nuclear sites could see oil prices climb when trading resumes *Iran calls for UN to intervene, vows response to US spglobal.com/commodity-insi…

It's unlikely that Iran would close the Strait of Hormuz. But if it did happen, the world's oil flows would be massively disrupted. Read my piece here about just how hard it would be to get those barrels to market, and why, in some cases, there is no alternative to the strait.

The #US lifted sanctions on #Syria's oil ministry, refineries, and maritime authority. That could be big news for the country's embattled energy sector and should help Syria return to the international oil trade. Read more here: spglobal.com/commodity-insi…