image credit: Pixabay

The Oil And Gas Situation: International Tensions Rise As U.S. Shale Costs Fall

May 14, 2019

Via: Forbes

Now that the battle to acquire Anadarko Petroleum APC +0% has ended, a host of other key industry news items are percolating up to the top of the page. Let’s review the always-fluid Oil And Gas Situation for mid-May, 2019.

Middle East tensions make a comeback. – Well, actually, these tensions never go away, but this week they are spilling over into headline-making conflicts. Monday morning brought news that two Saudi tankers ships had allegedly been attacked as they traveled near the crucial Strait of Hormuz choke-point in the Persian Gulf. The attack reportedly took place near the Port of Fujairah, and also involved two other vessels, one registered to Norway and the other to the UAE.

Read More on Forbes