US Department of Energy to Invest $1.9 Billion for Power Grid Upgrades

March 12 (Reuters) – The U.S. Department of Energy will invest ​about $1.9 billion to accelerate upgrades of ‌power grids in the country, it said on Thursday. U.S. power consumption…

Trump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering Lawmakers

By and Lawmakers say Trump prioritizes oil companies over consumers Energy Secretary Chris Wright says $200-a-barrel oil unlikely Oil prices up despite U.S. efforts to control them WASHINGTON, March 12…

Iraq to Hold Oil Output Near 1.4 Million Bpd as War Strangles Exports

Iraq will maintain crude oil production at roughly 1.4 million barrels per day as the war disrupting the Persian Gulf continues to cripple the country’s export routes, Oil Minister Hayan…

Ukraine Hits Major Oil Export Pipeline Hub in South Russia

Ukraine on Thursday hit in a drone attack a key pipeline hub of Russia’s crude oil exports in the southern region of Krasnodar as Kyiv intensifies strikes on Russian energy…

Fujairah Oil Terminals Resume Operations After Drone Attack

Operations at the United Arab Emirates’ key oil storage and bunkering hub in Fujairah are gradually returning to normal after attacks earlier this week disrupted loading activities at several terminals.…

East-West Pipeline Key to Saudi Arabia’s New Oil Export Strategy

As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike its oil exports via the Red Sea route by boosting east-west pipeline…

IEA Warns of Largest Oil Supply Disruption in History

The Middle East war is creating the biggest supply disruption in the history of the oil market as flows of about 20 million barrels per day of crude and products…

RWE to Invest $19 Billion in U.S. Gas Power as Demand Jumps

Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation. …

TotalEnergies Freezes Fuel Prices in France Amid ‘Exceptional Volatility’

TotalEnergies is capping the price of gasoline and diesel at its stations in France to protect consumers from the “exceptional market volatility” since the beginning of the war in the…