Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran, now in its third week.Brent c…
Oil Prices Rise As Iranian Attacks on UAE Continue Read More »
Cuba has reconnected its electrical grid across much of the island, the Energy and Mines Ministry said early on Tuesday, just hours after U.S. President Donald Trump escalated his rhetoric against the communist-run island, saying he could do…
Cuba Reconnects Electrical Grid, Millions Remain Powerless Read More »
Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli war on Iran has disrupted oil and gas shipping and halted some output.France’s TotalEnergies, which has the biggest upstream exposure to the region c…
Oil Production Impacts in the Middle East Read More »
Oil tankers are crossing the Strait of Hormuz and Iran’s actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration’s positio…
Oil Tankers Trickle Through Strait of Hormuz, US Economy Not Impacted Read More »
The Bureau of Ocean Energy Management has issued a Notice of Intent to prepare an Environmental Impact Statement for a proposed update to the Santa Clara Unit Development and Production Plan, which includes the use of hydraulic fracturing on 16 existin…
BOEM Issues Notice of Intent for Offshore Well Stimulation Work Read More »