South Korea Unveils $747 Billion Plan to Break Its Fossil Fuel Habit
Shell’s Refining Margin Jumps 75% as Fuel Supplies Dry Up
Norway Plans to Tap $63.7 Billion From Its Oil Fund in 2027
IEA Discusses G7’s 100 Million-Barrel Oil and Diesel Release
UK compressed gases body appoints new CEO
Chevron, Shell and BP Pull Workers From the Gulf Ahead of Hurricane
Australia’s High Court Blocks Major Coal Mine Expansion Over Emissions
QatarEnergy Secures $3 Billion Loan From Chinese Banks as LNG Exports Stall
Europe’s Fuel Squeeze Is Turning Into a Q3 Windfall for Equinor
How Much Gulf Production Will Isaias Knock Out?
US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says
(Reuters) – U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term…
North American Oil is in Demand as World Grasps for Supplies
By Robert Tuttle and Christopher Charleston The spiderweb of cracks in the global oil market are spreading across the Rocky Mountains and U.S. Great Plains as demand for a shrinking…
U.S. Shale Drillers Seen Lifting Crude Output on Hormuz-Driven Price Rally
It may take months to begin to see the uptick in production from shale fields in places like the Permian Basin By David Wethe and Kevin Crowley United States shale…
US Lawmakers Press Bessent on LNG Ships That are Taking Tax Credit
By WASHINGTON, April 7 (Reuters) – A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers that ship liquefied natural gas qualify for…
Freeport LNG Seeks Approval to Demolish Obsolete Import Facilities in Texas
By Freeport LNG requests FERC approval to demolish obsolete Texas import facilities US shift from LNG importer to top exporter driven by shale revolution Company says removal will improve safety…
Democrats Question Legality of Trump, TotalEnergies Offshore Wind Deal
April 7 (Reuters) – House Democrats questioned the legality of the Trump administration’s deal to return nearly $1 billion to TotalEnergies (TTEF.PA) to stop the development of two U.S. offshore…
WTI Crude Oil Hits $115 as Strikes Target Iran’s Kharg Island
WTI crude surged to $115.8 per barrel—its highest level since April 2008—as President Donald Trump warned that “a whole civilization will die tonight,” while strikes were reported on Iran’s Kharg…
IEA Chief: Current Energy Crisis Worse Than 1973, 1979, and 2022 Combined
The current energy crisis is worse than the oil and gas crises of 1973, 1979, and 2022 taken together, as we are witnessing an unprecedented supply shock from the key…
US Natgas Futures Rise as Daily Production Falls, Texas Waha Prices Stay Negative
U.S. natural gas futures edged up to a one-week high on Tuesday on a preliminary decline in daily output. That small price increase came despite forecasts for milder weather and…
Deal, Delay or Strike? Investors on Edge as Trump’s Iran Deadline Nears
(Reuters) – Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S. President Donald Trump for Iran, with investors weighing various outcomes ranging from…
