Iran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are Targeted
Iran’s Islamic Revolutionary Guard Corps (IRGC) warned Thursday that it could ignite a wider energy crisis across the Middle East if Iran’s own oil and gas infrastructure comes under attack.…
DOE Unveils $1.9 Billion Electric Grid Upgrade Push
The U.S. Department of Energy is launching a $1.9 billion funding effort aimed at rapidly expanding the capacity of the nation’s power grid by upgrading existing transmission lines. This is…
UAE Cuts Crude Shipments to Partners
Abu Dhabi National Oil Co. cut the volume of crude for its onshore partners by about a fifth for this month, although the flows will still go to a port…
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…
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…
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.…
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…
