Oil Prices Slide as Netanyahu Signals Iran War Could End Soon
Oil prices pulled back sharply on Friday, reversing part of the previous session’s surge, after Israeli Prime Minister Benjamin Netanyahu suggested the Iran war could end sooner than expected. At…
Qatar to Lose $20 Billion Annual Revenue from Iranian Attacks on LNG
Qatar’s state firm QatarEnergy expects the damage to the Ras Laffan LNG complex, the world’s single largest LNG-producing facility, to cost it about $20 billion per year in lost revenue…
IEA Urges Working From Home and Cutting Air Travel to Ease Oil Supply Shock
Amid the biggest oil supply shock in history, the International Energy Agency (IEA) on Friday called on governments and consumers to consider immediate measures to reduce oil demand, including working…
Australia Weighs Windfall Tax on Energy Giants as LNG Prices Surge
The Australian government is considering a windfall tax for its energy industry amid soaring prices for liquefied natural gas, of which the country is the third-biggest exporter in the world.…
Japan Weighs Stockpiling U.S. Crude to Strengthen Energy Security
Japan is considering stockpiling U.S. crude oil to boost its energy security, Reuters has reported, citing Prime Minister Sanae Takaichi during her visit to Washington. “I also conveyed to President…
Oil Prices Edge Lower but Remain Poised to End the Week Higher
Crude oil prices inched down at the end of the week but are still on course to end it with gains as the disruption to exports from the Middle East…
World Leaders Condemn ‘De Facto’ Hormuz Closure
The leaders of the United Kingdom, France, Germany, Italy, the Netherlands, Japan, and Canada condemned the “de facto closure of the Strait of Hormuz” in a joint statement released Thursday.…
India Unveils Ambitious Plan to Quadruple Solar Power by 2035
India expects to nearly quadruple its solar power capacity and triple wind power-generating assets within ten years, according to the new Generation Adequacy Plan published by the country’s Central Electricity…
