StanChart Warns OPEC+ Could Abandon Cuts at Next Meeting
Standard Chartered Bank Energy Research Head Emily Ashford warned that the next OPEC+ meeting on April 5 'could result in abandonment of voluntary output cuts and compensation cuts'.
Iberdrola Kicks Off $16B Scottish Grid Upgrade
ScottishPower, Iberdrola's UK arm, said it had 'kick-started' a five-year, GBP 12 billion ($15.84 billion) overhaul of the electricity grid in central and southern Scotland.
Oil Is in the Middle of a Geopolitical Knife Fight
Oil is right in the middle of a geopolitical knife fight, and the market is feeling every jab, Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, said.
Trump Threatens to Escalate War, Says End Is Very Close
President Donald Trump said the war in Iran is 'very close' to completion, even as he said the U.S. plans to launch fresh attacks on the country.
Missile Hits Oil Tanker Leased to QatarEnergy
'None of the crew members on board were injured, and there is no impact on the environment as a result of this incident'.
UAE Seeks UN Stamp on Measures Including Force to Open Hormuz
The UAE urged the UN to authorize a range of measures, including force, to reopen the Strait of Hormuz as Persian Gulf countries pressure Iran to restore free passage along the vital global energy corridor.
Some French Gas Stations Run Dry
Hundreds of French filling stations have run dry as drivers rushed to fill up vehicles.
Trump Says Ceasefire Only Possible When Hormuz Reopens
U.S. President Donald Trump said he'll only consider a halt to attacks on Iran when the Strait of Hormuz is reopened.
Saxo Bank Flags 'Record Surge' in Energy Prices
'This was not simply an oil rally', Ole Hansen, Saxo Bank's Head of Commodity Strategy, said.
Iberdrola to Power Gestamp Plants under 10-Year Deal
Iberdrola won a 10-year contract from fellow Spanish multinational Gestamp, a maker of metal automotive components, to supply 660,000 MWh of renewable electricity to the latter's European plants.
European Commission Approves $7B Italian State Aid for Green Hydrogen
Italy received clearance from EU market guardrails for a EUR 6 billion government support package to enable a renewable hydrogen production capacity of 200,000 metric tons a year.
Oil Prices Plunge on De-Escalation Hopes
Oil prices plunged today on fresh de-escalation hopes, Naeem Aslam, CIO Zaye Capital Markets, said.
ADNOC, OMV Launch New Polyolefins JV
Borouge International becomes 'the world's leading pure-play polyolefins company and fourth-largest polyolefins producer'.
WoodMac Says Iran Conflict Should Prompt North Sea Rethink
'The UK government faces renewed pressure to change its policy on the North Sea', Wood Mackenzie said.
EU Countries Told to Keep Refineries Running, Increase Biofuels Uptake
'The European Union's security of supply remains guaranteed but we must be ready for a potentially prolonged disruption of international energy trade'.
Asia Turns to Russian Oil amid Mideast War
The Philippines took its first cargo of ESPO crude in nearly six years, while South Korea's first Russian naphtha shipment this year has arrived and other countries including Sri Lanka are in talks with Moscow.
Another Greek Oil Tanker Exits Hormuz
Another Greek-controlled oil tanker has crossed the Strait of Hormuz.
Crude Slides as War Exit Signals Emerge
Oil declined as Iran and the US signaled potential de-escalation despite ongoing supply disruptions.
QatarEnergy, ExxonMobil Start Production at Texas LNG Project
Golden Pass LNG expects to ship its first cargo in the second quarter.
EIA Launches Pilot Studies to Assess Data Center Energy Demand
The U.S. Energy Information Administration announced that it is launching three voluntary pilot field studies to evaluate energy consumption in data centers.
