Articles about Energy
Latest articles about Energy, sorted from newest to oldest.
Natural Gas Prices in Texas Are Negative and Producers Burn It Off While Shortages Loom Elsewhere
The oil and gas industry is reeling from a perfect storm of oversupply, increased production, and a lack of pipeline infrastructure. As a result, natural gas prices in Texas have plummeted to negative levels, forcing producers to pay companies to take the gas off their hands. This phenomenon, known ...
Trump Administration Lifts Sanctions on Millions of Barrels of Iranian Oil
The Trump administration has made a surprise move by lifting sanctions on millions of barrels of Iranian oil, sending shockwaves across the global energy market. According to reports, the US has eased restrictions on Iran's oil exports, citing a decline in oil prices as a reason for the move. Backgr...
Exclusive: Iraq Declares Force Majeure on Foreign-operated Oilfields Over Hormuz Disruption, Sources Say
The decision to declare force majeure on foreign-operated oilfields in Iraq comes amidst a growing crisis in the Middle East, as tensions between the US and Iran continue to escalate. The Strait of Hormuz, a critical waterway through which a significant portion of the world's oil exports pass, has b...
Us President Mulls Risky Military Operation in Persian Gulf
The Persian Gulf has long been a hotspot for regional tensions, with the US and Iran engaged in a long-standing rivalry. The situation took a dramatic turn with the news that former US President Donald Trump is mulling a daring military operation to seize control of Kharg Island, a key oil terminal ...
Qatar Says Iran Attack Caused Significant Damage at Ras Laffan Gas Facility
The attack, which occurred on Tuesday, targeted the Ras Laffan Industrial City, where the gas facility is located. According to Qatari officials, the incident caused significant damage to the facility, but there were no reports of casualties or major disruptions to LNG production. Investigation Unde...
Trump Waives Us Shipping Law for Oil and Gas in Bid to Lower Prices
The move, which has been in the works for several months, was announced by the Department of Transportation on Tuesday, citing the need to address high energy prices and promote economic growth. The shipping law, known as the Jones Act, requires that oil and gas imports be transported on US-flagged ...
Trump's Energy Chief: "no Guarantees" Gas Prices Will Fall in Weeks
As the US continues to grapple with rising gas prices, the Biden administration's energy chief, Jennifer Granholm, has expressed concerns that there are no guarantees prices will fall in the coming weeks. This statement has sparked debate among politicians and economists, who are divided on the pote...
Oil Market Set for Tumultuous Week as Kharg Attack Raises Stakes
The global oil market is bracing itself for a potentially chaotic week as concerns over a recent attack on Iran's Kharg Island continue to escalate. The Kharg Island oil terminal is a critical export hub for Iran, with a significant portion of the country's oil exports passing through the facility. ...
Construction Finishes on a Major Offshore Wind Farm, the First During Trump’s Tenure
Major Offshore Wind Farm Completed, Marking a Milestone in Trump's Tenure Construction on the United States' first major offshore wind farm, a project that was initiated during former President Donald Trump's administration, has been completed. Located off the coast of Martha's Vineyard, Massachuset...