Blykalla and ABB enhance cooperation

In October 2024, Blykalla and ABB signed a memorandum of understanding (MoU) under which ABB would explore how its automation, electrification and digitalisation solutions could support Blykalla’s small modular reactor (SMR)…

China Orders Refiners to Ignore U.S. Sanctions on Key Iranian Oil Buyers

In a major escalation of trade tensions between Washington and Beijing, China’s Ministry of Commerce (MOFCOM) has formally invoked its 2021 Blocking Rules for the first time to counteract U.S.…

Equinor Signs $1.8 Billion in Drilling Deals to Keep Oil and Gas Output High

Equinor has extended $1.8 billion worth of drilling and well services supplier contracts as the Norwegian energy major looks to keep high oil and gas production offshore Norway and deliver…

US Oil Sanctions Push Beijing to Test Washington’s Limits

Beijing has told its companies to ignore American sanctions on a major oil refiner, complicating the leaders’ summit next week. By Oil storage tanks at a petrochemical production base on…

Why Markets Think the US Is Winning the Blockade

By The USS Abraham Lincoln conducting blockade operations. Source: U.S. Navy/Getty Get the Latest US Focused Energy News Delivered to You! It’s FREE: The Strait of Hormuz remains blockaded —…

Forget 3% US Inflation. It’s Heading for 4%: McGeever

By Jamie McGeever U.S. inflation has been above the Federal Reserve’s target for so long that many observers believe policymakers have implicitly accepted a higher level. The worry now is…

TTF Futures Swing From Loss to Gain After Iran Rejects Trump’s Hormuz Plan

European benchmark natural gas prices erased an early 3% loss at Monday opening and were up by 1.3% in morning trade in Amsterdam, as the commodity markets watch with apprehension…

Oil Prices Jump After Iran Claims Missile Strike on U.S. Navy Vessel Near Hormuz

Oil prices rallied again on Monday morning after Iran’s Fars news agency reported that two missiles struck a U.S. Navy vessel near Jask Island on the Gulf of Oman, just…

UAE: OPEC Exit ‘Not Directed Against Anyone’

The United Arab Emirates has not directed at anyone its decision to leave OPEC and the broader OPEC+ alliance, Sultan al Jaber, the chief executive of Abu Dhabi’s national oil…

  • Gas
  • May 4, 2026
Gulf tensions rise as US shipping plan starts

By 20 min ago 2 min read The US is to accompany commercial shipping through the Strait of Hormuz under a new initiative launching today (4 May). Project Freedom aims…