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TotalEnergies scraps U.S. wind for $1B, pivoting to fossil fuel projects
The Trump administration will reimburse TotalEnergies nearly $1 billion to abandon two major offshore wind projects. These projects targeted the coasts of New...
US-Israeli Forces Strike Iranian Energy Assets, Ending Five-Day Military Pause
US and Israeli forces conducted coordinated strikes on energy infrastructure in Isfahan and Khorramshahr early Tuesday. The attacks damaged a gas...
Chevron Warns Oil Markets Underprice Supply Risks, Citing Hormuz Closure
Chevron CEO Mike Wirth warned at the CERAWeek conference in Houston that oil futures markets underprice supply disruptions from the Strait of Hormuz...
Trump Delays Iran Strikes, Sending Oil Prices Below $100
President Donald Trump postponed planned military strikes against Iranian energy infrastructure for five days. [3, 4, 6] He cited productive conversations with...
Brent Crude sinks 7%, as Trump postpones Iranian energy strikes
President Donald Trump announced a five-day postponement of military strikes on Iranian energy infrastructure. He cited productive conversations with Tehran as...
Oil prices crater, Trump postpones strikes on Iranian energy infrastructure
Global oil prices tumbled on March 23, 2026. U.S. President Donald Trump announced a five-day postponement of military strikes against Iranian energy...
Trump postpones Iran energy strikes, citing productive talks as oil tumbles
President Trump announced a five-day postponement of U.S. military strikes on Iranian energy infrastructure. The decision follows productive conversations with...
IEA warns Iran war rivals 1970s shocks, as oil nears $113
IEA head Fatih Birol warned Monday that the energy crisis from the war in Iran rivals the 1970s oil shocks and the Ukraine war combined. The closure of the...
IEA weighs emergency oil release, following U.S. ultimatum to Iran
The International Energy Agency (IEA) is consulting member countries about a further release of emergency oil stockpiles. Executive Director Fatih Birol...
Oil prices surge, following Trump’s 48-hour ultimatum to Iran
Global oil prices surged after U.S. President Donald Trump issued a 48-hour ultimatum to Iran to reopen the Strait of Hormuz. Trump threatened the decimation...
US and Iran threaten energy infrastructure, as oil hits multi-year highs
The U.S. and Iran threatened direct attacks on regional energy infrastructure Sunday. President Donald Trump issued a 48-hour ultimatum to reopen the Strait of...
Trump Issues 48-Hour Iran Ultimatum, Threatening Power Plants as Oil Tops $100
U.S. President Donald Trump issued a 48-hour deadline on Saturday for Iran to reopen the Strait of Hormuz. Trump warned the United States will destroy Iranian...
US destroys Iranian missile bunker, securing oil routes as Brent hits $100
The U.S. military announced Saturday the destruction of an Iranian underground bunker threatening energy shipments through the Strait of Hormuz. U.S. Central...
S&P Global Warns of GCC Energy Risks After Strait of Hormuz Closure
S&P Global Ratings issued a report on March 21, 2026, identifying critical vulnerabilities in the Gulf Cooperation Council (GCC) energy sector. The effective...
IEA urges travel cuts, citing record oil disruption from Hormuz closure
The International Energy Agency (IEA) advised citizens on Friday to avoid air travel and work from home. This warning follows the largest supply disruption in...
U.S. Treasury permits stranded Iranian oil sales, fighting record energy crisis
U.S. Treasury Secretary Scott Bessent authorized the temporary sale of Iranian oil currently stranded at sea. This measure responds to a global energy crisis...
SoftBank and GE Launch 9.2 GW Gas Project for AI
A group of U.S. and Japanese companies formed the Portsmouth Consortium on March 21, 2026. The group will develop a 9.2 GW natural gas power project at the...
Tesla and LG launch $4.3B battery plant, boosting US energy security
Tesla and LG Energy Solution are investing $4.3 billion in a new battery plant in Lansing, Michigan. This facility aims to strengthen the domestic clean energy...
Iran Drones Strike Kuwaiti Refinery, Sending Brent Crude Toward $110
Iranian drones struck Kuwait’s Mina Al-Ahmadi refinery for a second day on Friday. The attack caused multiple fires and forced the shutdown of several units at...
Iran attacks Kuwaiti refinery as Israel hits Tehran, sparking US blockade fears
Iran launched a second consecutive drone attack on Kuwait’s Mina Al-Ahmadi refinery on March 20. The assault caused multiple fires at the facility....