Permian Deal Monitor

Oil and gas prices plunged as traders weighed a potential US-Iran peace agreement.  

‘INEOS is acquiring a 21 percent working interest for an undisclosed amount, consistent with its ownership in Appomattox, Rydberg, the

ADNOC stated that it is ‘accelerating growth and delivery of its strategy’ with AED 200 billion ($55 billion) in new

Shipping companies remain cautious about sending vessels through the Strait of Hormuz.  

Iran has laid out an updated process for ships seeking to transit Hormuz, but several shipowners said they remained cautious

The multilateral lender aims to mobilize $50 billion in financing to help Asia-Pacific countries build cross-border electricity grids and an

Equinor optimized piped gas trading in Europe and gas trading in North America to capture volatility.  

Macquarie strategists, including Walt Chancellor, outlined that they expect another U.S. crude inventory draw ‘amidst elevated exports’.  

Australia will establish a government-owned reserve of about 1 billion liters of diesel and aviation fuel.  

‘Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time’,

Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the

European Central Bank President Christine Lagarde said soaring energy costs due to the Iran war should act as a wake-up

Crude markets entered relief mode as tensions failed to escalate further.  

The U.S. played down the prospect of a return to active war with Iran.  

By year-on-year comparison, lower costs softened the impact of lower volumes and lower Permian gas prices.  

The United Arab Emirates was in a unique position in OPEC+, according to James Davis, who leads FGE’s Short-Term service

‘We continue to believe that we are in the early days of a multi-year upcycle with increasing demand for offshore

Gasoline prices have jumped across all 50 states, GasBuddy noted.  

‘The new hydrogen-ready combined cycle gas turbine plant, with a planned electrical feed-in capacity of up to 890 megawatts, is