Nord Stream 2, which will carry Russian gas to Europe avoiding transit across Ukraine, requires some 160 km of pipes to be laid and was initially expected to be in operation in the first half of 2020.
China, which is increasing its influence in the region and buys 50%-70% of Iranian oil exports, would be opposed to any interruption of energy flows through the Strait of Hormuz.
Horizontal Well Drillers LLC, a closely held U.S. driller, has shut its doors, according to three people familiar with the matter.
The homegrown energy boom in the U.S. has reduced its vulnerability.
The global oil market is expected to be well-supplied in 2020 and demand growth could stay weak, keeping a lid on oil prices, the head of the IEA told Reuters on Jan. 10.
While President Andres Manuel Lopez Obrador has said he would not seek to constitutionally reverse reforms, he has canceled competitive oil and power auctions since he took office.
The city divestment push was "part of a general trend" toward shifting money from fossil fuels and that trend "is making fossil fuel companies sit up and take notice."
Most traders are anticipating a cyclical acceleration in oil and energy consumption this year as the manufacturing and freight sectors put last year’s slowdown behind them.
What was originally a proxy war between Washington and Tehran has dangerously become a direct confrontation that is raising concerns about Middle East oil flows.