Aramco CEO withdraws from CERAWeek amid Hormuz-driven supply disruptions
Aramco’s CEO has pulled out of CERAWeek as the Middle East conflict intensifies, highlighting the growing strain on oil supply, […]
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More U.S. homes used LEDs over other bulb types for indoor lighting in 2024
Although homes can have a mix of bulbs for indoor lighting, 90% of U.S. households reported using light-emitting diode (LED)
AEP, SoftBank Ink Deal with US DOE for 10 GW Data Center Power
The mostly gas generation capacity will serve a 10-GW data center planned to rise at the site of a former
Trump Reports ‘Productive Conversations’ with Iran
‘I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy
QatarEnergy Missile Strikes May Cause $100B Revenue Loss
QatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20
Iberdrola Reaches Over 11 GW of Installed Capacity in US
‘Avangrid’s growing portfolio is helping to meet a surge in energy demand across the country brought on by the proliferation
Maha to Acquire Stake in Venezuela’s PetroUrdaneta
Maha made the decision following the U.S. Treasury’s issuance of a ‘general license’ for certain transactions involving Petroleos de Venezuela.
The Oil Prices You See Do Not Tell Market’s Real Story
There’s an ever-growing gap between the price of oil futures and supplies that determine costs for consumers in the real
More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says
The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair.
Fire Hits Oil Production at Major Libyan Field
The National Oil Corp said a leak-induced blaze that hit the Sharara crude pipeline had cut about half of production
Oil prices rise as Trump’s Hormuz ultimatum and Iran threats keep markets on edge
Fears over a prolonged disruption in the Strait of Hormuz have kept investors on edge as oil prices swung in
Iran, Trump Exchange Threats over Hormuz
The U.S. president gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed.
U.S. targets Iran positions near Strait of Hormuz as oil market tensions rise
U.S. officials say military operations against Iran are targeting positions near the Strait of Hormuz, a key global oil chokepoint,
The economy has a Strait of Hormuz deadline for Trump: Two weeks
Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may
Petrobras Discovers More Gas offshore Colombia
The new discovery in Block GUA-OFF-0 ‘consolidates the gas province and the gas potential in the Colombian offshore’, Petrobras said.
Analysis: Trump’s unshackled presidency puts him at the center of the economy
The president’s unprecedented use of executive power has made him a driving force behind oil prices, the Federal Reserve’s interest
Australia Weighs LNG Windfall Tax
Prime Minister Anthony Albanese has asked Australia’s Treasury to look into imposing a windfall tax on the country’s vast liquefied
Iraq declares force majeure on foreign oilfields as Hormuz disruption halts exports
Iraq has declared force majeure on foreign-operated oilfields after Strait of Hormuz disruptions halted crude exports, Reuters reported, forcing sharp
Brazil, Mexico weigh Petrobras–Pemex tie-up for offshore oil exploration
Brazil President Luiz Inácio Lula da Silva said Petrobras and Pemex could partner on deepwater oil exploration in the Gulf
Trump: ‘I don’t want to do a ceasefire’ in Iran war
President Donald Trump said the U.S. was ‘obliterating’ Iran in the conflict.