WASHINGTON, March 8 [Category: Energy] -- The Institute for Energy Research posted the following commentary: * * * Energy Supplies Under a Prolonged Middle East Conflict * Key Takeaways 1 The conflict with Iran in the Middle East will affect energy prices, but the extent of price hikes will depend on its duration and outcome. 2 The most important chokepoint is the Strait of Hormuz, through which about 20% of the world's supply typically transits. 3 Between two and four million ba more PR

WASHINGTON, March 8 [Category: Energy] -- The Institute for Energy Research posted the following commentary: * * * Europe Needs to Refill Gas Storage Facilities, But Limited Supplies and Higher Prices Make That More Difficult * Key Takeaways 1 Europe is facing higher costs to secure natural gas supplies for next winter due to its own depletion and the conflict with Iran. 2 Europe's gas storage levels were below normal when hostilities began. Still, Qatar's inability to move LNG throu more PR

WASHINGTON, March 7 -- Sen. Jack Reed, D-Rhode Island, issued the following news release: * * * Reed, Whitehouse & Colleagues Call Out Trump for Loosening Russian Oil Sanctions That Enrich Putin Amidst News Reports That Russia is Helping Iran Target U.S. Forces * WASHINGTON, DC - U.S. Senators Jack Reed (D-RI) and Sheldon Whitehouse (D-RI) teamed up with Senate Democratic Leader Chuck Schumer (D-NY) and U.S. Senators Elizabeth Warren (D-MA), Jeanne Shaheen (D-NH), Ron Wyden (D-OR), Chris Coo more PR

WASHINGTON, March 9 -- Rep. Lloyd Doggett, D-TX, has introduced the Ending Importation of Laundered Russian Oil Act, aimed at tightening restrictions on energy products linked to Russian oil. The proposed legislation seeks to prohibit the importation of energy products that are produced at refineries outside the Russian Federation but utilize Russian crude oil as an input. This bill builds upon existing measures that restrict the importation of Russian oil in response to geopolitical tensions a more ST

WASHINGTON, March 9 -- Rep. Lloyd Doggett, D-TX, has introduced the No Aid for Russian Energy Act, which aims to prohibit U.S. individuals and companies from providing petroleum equipment and services to the energy sector in Russia. This legislative move comes amid heightened concerns regarding Russia's military actions and international energy policies since the outbreak of the conflict in Ukraine. The bill seeks to curtail the support that U.S. entities can offer to Russia's energy industry,  more ST

LONDON, England, March 9 -- Global Witness, an organization that works to break the links between natural resource exploitation, conflict, poverty, corruption and human rights abuses worldwide, issued the following news release: * * * US easing of Russian oil sanctions sacrifices the people of Ukraine The Trump administration's announcement that it will allow Russian oil sales to India will fuel Putin's war machine. It effectively sacrifices the people of Ukraine in order to combat an oil pri more PR

WASHINGTON, March 8 [Category: Energy] -- The Institute for Energy Research posted the following commentary: * * * Update on the Oil Market and Conflict with Iran * Key Takeaways 1 A week in, the conflict in Iran continues to affect energy supplies that transit the Strait of Hormuz, where 20% of both oil and LNG flow, mainly to reach Asian importers. 2 President Trump believes the price hikes are temporary, receding when hostilities end. 3 China, however, is hard-pressed and aski more PR