Oil Up Despite Efforts by US, Allies to Boost Supply and Open Strait of Hormuz

Summary European nations, Japan willing to help secure Strait of Hormuz US weighs further SPR release Kuwait said oil refinery attacked overnight (Reuters) – Oil prices gained on Friday despite…

Japan May Stockpile US Oil Domestically, PM Says

Japan may start stockpiling U.S. oil domestically, Prime Minister Sanae Takaichi said during her visit to the United States, as it looks to diversify procurement and strengthen energy security. Before…

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…

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…

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…

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.…

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…

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…

Iberdrola Highlights Strong Ties With The UK Government As Rachel Reeves Visits Its Madrid Offices

The UK Chancellor of the Exchequer, Rachel Reeves, met with the Executive Chairman of Iberdrola, Ignacio Galán, during her visit to the company’s offices in Madrid. The meeting reflects the…