US Pump Prices Hit $4 a Gallon as Iran War Wreaks Havoc on Global Energy Supply

Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Gasoline prices rise due to Iran conflict and Strait of Hormuz closure High fuel costs impact US…

Big Tech’s $635 Billion AI Spending Faces Energy Shock Test, S&P Global Says

(Reuters) – Massive investments in artificial intelligence that underpinned record runs in equities face a major hurdle as the Middle East ​crisis clouds prospects for growth and energy costs, said Melissa ‌Otto,…

Planned LNG Plant in Alaska Seeks Equipment from Sanctioned Russia Firm

The head of Polar LNG, a company that plans to build a liquefied natural gas plant on Alaska’s North Slope, said his company is hoping to buy discounted equipment from…

Trump Tells Allies to Fight for Fuel or Buy From USA

President Donald Trump lashed out at allies for not supporting the US war in Iran, arguing Washington will not fight for their interests as they struggle to get jet fuel…

Chevron Reports “Extensive Damage” at Major LNG Project

Chevron’s Wheatstone LNG plant offshore Australia has suffered “extensive damage” from a cyclone that recently passed through Australia. The two liquefaction trains at the facility remain shut, Reuters quoted Chevron’s…

India Says 28 Oil and Gas Ships Are Stranded Near the Strait of Hormuz

At least 28 ships, including vessels carrying crude oil, liquefied petroleum gas (LPG), and LNG supplies to India, are currently stranded near the Strait of Hormuz, the Indian government has…

Six More Weeks of Choked Hormuz Supply Could Send Oil to $200

Oil prices could jump to $200 per barrel and even higher if the Strait of Hormuz remains near-closed as it is at the moment, Fereidun Fesharaki, Chairman Emeritus of energy…