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…
Oman Evacuates Key Oil Port as Iran War Intensifies
Oman has ordered the evacuation of vessels from its key Mina Al Fahal oil port, which sits outside the Strait of Hormuz, in a sign that the disruption to oil…
