How Iran is Seeking to Cash in on Strait of Hormuz

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Tehran suggests system of charging fees and limiting passage to ‘non-hostile’ ships could endure beyond the war By Alice Hancock in Brussels and Najmeh Bozorgmehr in Tehran Original: financialpost.com/financial-times/iran-cash-strait-of-hormuz Iran is working to establish a system of approved passage for ships through the Strait of Hormuz, a tightening of control over the crucial waterway that …

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Spiking US Diesel Prices Keep Trucking Industry Stuck in Years-Long Slump

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

By Lisa Baertlein US diesel prices rise due to Iran’s control of Strait of Hormuz Independent truckers slammed by flat demand, high diesel costs Big trucking firms manage fuel costs using surcharges, bulk buying LOS ANGELES, March 27 (Reuters) – The U.S.-Israeli war on Iran has sent U.S. diesel prices up 50%, delaying ‌a long-awaited …

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Oil, Gas Exploration is Back: Energy Giants Hunt to Replenish Reserves

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By

(Reuters) – Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth in renewable …

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Stressed US Grid Forcing Data Centers to Get More Flexible

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The U.S. technology industry is being pushed to shrink its power use in times of high demand, amid growing public concern that Big Tech’s massive electricity needs for its expansion of data centers are maxing out the country’s grid. The power industry and its regulators are increasingly urging tech companies to make what …

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LNG Arbitrage Creates Winners From Energy Shock

Conventional Energy, Latest, LNG, US News / By

By George Hay LONDON, March 27 (Reuters Breakingviews) – Gulf conflict has pushed European and Asian liquefied natural gas prices higher, but not American ones. Those with lots of US supply, like Shell and TotalEnergies, can make tidy trading margins. And $41 bln Venture Global, with a boatload of un-contracted LNG, has struck gold. Full …

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Russia’s Lavrov Says US Wants to Take Over Nord Stream Gas Pipelines

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(Reuters) – Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022. Explosions that destroyed the pipelines more than three years ago largely severed Russian gas transit to Europe, squeezing energy supplies on the …

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Escalation in Middle East Possible in Coming Days, Polish PM Says

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(Reuters) – There are reasons to believe that there could be an escalation in the conflict in the Middle East in the coming days, Polish Prime Minister Donald Tusk said on Friday. “I have reasons to believe, also based on information we’ve received from our allies, that stabilisation is unlikely in the coming days. On …

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Drones and Mines: Taking Kharg Island Would Pose Risks for US Troops

Conventional Energy, Latest, Oil, US News / By

(Reuters) – President Donald Trump has been weighing whether to use ground forces to seize Iran’s strategic oil hub of Kharg Island, an operation analysts say could be achieved quickly, but leave U.S. troops in great peril and prolong rather than shorten the war. WHERE IS KHARG ISLAND AND WHY IS IT IMPORTANT? Kharg Island …

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Bessent Says Hormuz Ships Insurance Program to Start Soon

Latest, US News / By

By Jennifer A. Dlouhy and Skylar Woodhouse Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies. Bessent’s predictions, delivered Thursday during a meeting of President Donald Trump’s …

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Meta Funds Seven Gas Plants to Power Biggest Data Center

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, LNG, Natural Gas, US News / By

By Riley Griffin and Josh Saul Meta Platforms Inc. is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center, increasing its reliance on fossil fuels amid a fast-moving artificial intelligence race. The company reached a new agreement with Entergy Corp. to build and pay for enough gas …

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