Trump Weighs Rare Jones Act Waiver as War Drives Fuel Prices Higher
The Trump administration is weighing a rare suspension of the century-old Jones Act, an extraordinary step that Washington has historically taken only during major national emergencies such as hurricanes or…
Fujairah Oil Terminals Resume Operations After Drone Attack
Operations at the United Arab Emirates’ key oil storage and bunkering hub in Fujairah are gradually returning to normal after attacks earlier this week disrupted loading activities at several terminals.…
Ukraine Hits Major Oil Export Pipeline Hub in South Russia
Ukraine on Thursday hit in a drone attack a key pipeline hub of Russia’s crude oil exports in the southern region of Krasnodar as Kyiv intensifies strikes on Russian energy…
Iraq to Hold Oil Output Near 1.4 Million Bpd as War Strangles Exports
Iraq will maintain crude oil production at roughly 1.4 million barrels per day as the war disrupting the Persian Gulf continues to cripple the country’s export routes, Oil Minister Hayan…
TotalEnergies Freezes Fuel Prices in France Amid ‘Exceptional Volatility’
TotalEnergies is capping the price of gasoline and diesel at its stations in France to protect consumers from the “exceptional market volatility” since the beginning of the war in the…
RWE to Invest $19 Billion in U.S. Gas Power as Demand Jumps
Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation. …
IEA Warns of Largest Oil Supply Disruption in History
The Middle East war is creating the biggest supply disruption in the history of the oil market as flows of about 20 million barrels per day of crude and products…
East-West Pipeline Key to Saudi Arabia’s New Oil Export Strategy
As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike its oil exports via the Red Sea route by boosting east-west pipeline…
