Exxon Ships U.S. Gasoline to Australia

Exxon has scheduled its first-ever gasoline shipment from the U.S. Gulf Coast to Australia amid a global fuel export crunch because of the war in the Middle East. The shipment…

Are We Heading for an All-Out War in the Middle East?

Are we heading for an all-out war in the Middle East?   That’s the question Rigzone asked Benjamin Zycher, a Senior Fellow at the American Enterprise Institute (AEI), and Doug Bandow, a…

Iran Claims It Has “Complete Control” Over Strait of Hormuz

Iran’s Islamic Revolutionary Guard Corps (IRGC) declared it has “complete control” of the strategic waterway, with fresh attacks on commercial vessels near the Strait of Hormuz overnight intensifying fears that…

U.S. and Japan Ponder Nuclear Energy Project in Massive $550 Billion Deal

The United States and Japan have been considering the inclusion of a nuclear power project involving Westinghouse in the $550-billion package of investment that Japan has pledged in the U.S.…

U.S. Gives Rosneft’s German Refinery Network Open-Ended Sanctions Exemption

The U.S. government will exempt the German units of Russian oil major Rosneft PJSC from sanctions indefinitely, Reuters reported on Wednesday, noting that the exemption applies to Rosneft Deutschland and…

Japan Refiners Ask Government to Tap Crude Stocks

Japanese oil refiners are asking the government to release crude from the nation’s strategic petroleum reserves as the Middle East crisis worsens, according to people familiar with the matter.  The…

Insurance Broker Marsh Meets US Officials on Restoring Gulf Maritime Trade Amid Iran War

(Reuters) – Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade amid escalating fighting in the Middle East, as…

NRC issues construction permit for first Natrium plant

The technology The Bill Gates-chaired company’s Natrium 345 MWe sodium-cooled fast reactor has a molten-salt-based energy storage system which allows it to temporarily boost output to 500 MWe when needed,…