Oil surges as Trump signals more strikes on Iran, ceasefire collapses

(Bloomberg) — Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the United States would “probably” launch additional military…

Brazil establishes new uranium-focused working group

The new group established by the council (the Conselho Nacional de Política Mineral) has been given 90 days to “assess the current state of mapping and knowledge about uranium mineral resources…

Deep Fission receives prototype reactor canister

Deep Fission said the arrival of the canister “marks a key milestone in the company’s proof-of-concept well programme and its Gravity Nuclear Reactor development … the factory-built prototype canister completed…

US Airlines Fuel Bills Rose by $3 Billion in May

By WASHINGTON, July 7 (Reuters) – Fuel costs for U.S. airlines jumped 85% ​in May to nearly $6.7 billion as the Middle ‌East conflict drove up prices, the U.S. Transportation…

Shell Signals Oil and Gas Trading Windfall in Q2 Amid Iran War

Shell expects to have booked significantly higher oil and LNG trading results in the second quarter of the year as the Iran war drove extreme volatility in energy commodity markets.…

Middle East Conflict Clouds LNG Outlook as Global Trade Hits Record High

The Middle East conflict has made forecasting LNG market trends more difficult as infrastructure was hit and price volatility has exposed buyers to new challenges, according to the International Gas…

ADNOC Signs 15-Year LNG Supply Deal With Japan’s Inpex

Abu Dhabi’s national oil company ADNOC on Tuesday signed a 15-year long-term deal to supply gas from the UAE’s Ruwais LNG project to Japanese firm Inpex starting from 2028. Under…

Germany Plans $1.7 Billion Strategic Natural Gas Reserve

Germany is moving to create a state-owned strategic emergency reserve of natural gas to boost its energy security, the Economy Ministry of Europe’s biggest economy said on Tuesday. Earlier today,…

India Could Return To Iranian Crude If U.S. Extends Sanctions Waiver

Indian state-held refiners are considering buying Iranian crude oil if the United States extends the waiver on Iran’s oil sales beyond August or further eases restrictions on that trade. As…

APS Will Convert Retired Coal Units to Burn Natural Gas at Cholla Site

Arizona Public Service (APS) said it plans to convert two closed coal-fired units at its Cholla Power Plant to burn natural gas. The utility this month said construction on the…