Iran Warns Oil Could Hit $200 per Barrel as Hormuz Threat Escalates

Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S.…

Iranian Drone Strike Hits Oman’s Largest Oil Storage Facility

Iranian drones struck oil storage facilities at the Port of Salalah in Oman on Wednesday, marking the latest attack on Gulf energy infrastructure as the regional war expands into a…

Trump to Invoke Emergency Law for California Oil Producer Sable, Bloomberg News Reports

(Reuters) – U.S. President Donald Trump plans to invoke emergency law for Sable Offshore as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News…

US Companies to Increase Oil Production Amid Iran Conflict, Interior Secretary Burgum Says

(Reuters) – U.S. Interior Secretary Doug Burgum said on Wednesday that U.S. oil companies will soon announce increased production amid price spikes due to the ongoing Iran conflict. “I think…

Only Trump Can Approve Possible US Participation in Oil Release, Says Burgum

(Reuters) – U.S. Interior Secretary Doug Burgum on Wednesday welcomed the International Energy Agency’s move to release 400 million barrels of oil, but said only President Donald Trump could approve…

Oil Settles up Nearly 5% as Supply Fears Mount Despite Record Stocks Release Plan

Summary Three more vessels hit in Strait of Hormuz Fourteen ships struck since Iran war began IEA proposes release of 400 million barrels of oil Analysts call release insufficient to…

IEA Launches Record 400-Million-Barrel Emergency Oil Release

The International Energy Agency (IEA) and its member nations have agreed to release a record 400 million barrels of oil from strategic reserves in an attempt to stabilize global energy…

Arup to support delivery of the UK’s first SMR

Arup – together with project partners LDA Design, TÜV SÜD Nuclear Technologies, Mace Consult and Gleeds – will deliver early phase foundation engineering to assist Great British Energy – Nuclear…