U.S. Bets on Natural Gas to Power 10 GW AI Buildout in Ohio
Amid the Iranian war and oil price crisis, the Department of Energy, alongside the Department of Commerce, has unveiled a public-private partnership with SoftBank and AEP Ohio that centers on…
Asian Refiners Pay Record Premiums for Non-Middle East Crude
Refiners in Asia are paying huge premiums for crude that could replace some of the supply stuck in the Middle East, with the most suitable grades from Norway and the…
U.S. targets Iran positions near Strait of Hormuz as oil market tensions rise
(Bloomberg) – U.S. officials signaled an intensifying military campaign against Iran focused on securing access to the Strait of Hormuz, underscoring growing risks to global oil supply as the conflict…
European Gas Price Set for 20% Weekly Jump on Qatar’s LNG Outage
Europe’s benchmark natural gas prices soared this week after Qatar’s key LNG hub sustained extensive damage in Iranian missile attacks, with European gas prices on track for a 20% weekly…
Two Russian Cargoes Offer Temporary Relief for Cuba’s Energy Emergency
Cuba is set to soon receive two Russian cargoes of crude and diesel amid the U.S. energy blockade that has caused an unprecedented power crisis in the country. The shipments…
Buyers Scramble for Seaborne Oil as Middle East War Continues
The most immediate buffer to avoid oil supply shortages—crude in floating storage—is being depleted at a rapid rate as buyers scramble to get their hands on volumes sitting on tankers…
Oil Inches Higher as Iran Strikes Kuwait’s Mina Al-Ahmadi Refinery
Kuwait’s Mina Al-Ahmadi refinery was hit by Iranian drones early on Friday in attacks that caused a fire in several units at the facility, as the war in the Middle…
