Israel’s Energy Minister Touts Oil Pipeline to Bypass Hormuz

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

By Steven Scheer Israeli Foreign Minister Eli Cohen attends a conference at the European Parliament in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo JERUSALEM, July 7 (Reuters) – Gulf countries’ dependence on oil shipments through the Strait of Hormuz could be significantly reduced by a pipeline linking the Gulf to Europe via Israel, Israel’s …

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US Airlines Fuel Bills Rose by $3 Billion in May

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By David Shepardson WASHINGTON, July 7 (Reuters) – Fuel costs for U.S. airlines jumped 85% ​in May to nearly $6.7 billion as the Middle ‌East conflict drove up prices, the U.S. Transportation Department said on Monday. Airlines spent $3.62 billion on fuel in May 2025, ​compared with $6.66 billion in the same month this ​year. …

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Insight: Big Tech Data Centers are Driving Up Power Bills at America’s Rust Belt Factories

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

By Laila Kearney PJM capacity prices up more than 1,000% in the last two years Industrial electricity prices grow faster than residential, business costs New regulations to manage data center power use could hit factories Industrial manufacturers look for ways to cut costs NEW YORK, July 7 (Reuters) – For years, electricity costs for the …

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Cuba Begins to Restore Power to Havana Following Nationwide Blackout

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By Dave Sherwood and Ayose Naranjo HAVANA, July 6 (Reuters) – Cuba began to slowly restore power on Monday after the country’s national electric ​grid collapsed earlier in the day, the latest blow to an island already suffering ‌from severe energy, fuel and medicine shortages. Grid operator UNE said it was providing electricity to some …

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UAE Crude Output Nears Record Following OPEC Exit, Sources Say

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  Summary UAE output topped 3.8 million bpd weeks after OPEC exit, sources say Record production vindicates Abu Dhabi’s push for quota freedom UAE outpaced Gulf peers in restoring pre-Iran ​war oil supply (Reuters) – The United Arab Emirates raised ‌its crude output to near record highs above 3.8 million barrels per day in June …

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Global LNG Trade Hit Record in 2025, But Middle East Conflict Clouds Outlook, IGU Says

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(Reuters) – Global liquefied natural gas trade hit a record last year as strong U.S. exports and rising European imports ​offset weaker Asian purchases, the International Gas Union said in a ‌report on Wednesday. Conflict in the Middle East could lead to a contraction in 2026, however, it warned. “The conflict in the Gulf has damaged LNG …

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More Than 373,000 US Customers Without Power Due to Extreme Weather

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

July 6 (Reuters) – More than 373,000 homes and businesses were without power as of Monday due to extreme weather ​conditions across several areas of the United States, according ‌to data from PowerOutage.us. Pennsylvania was the hardest hit, with over 70,000 outages, according to the data. The utility with the most outages was FirstEnergy, where ​around 59,775 …

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Ontario, Alberta Pitch Cross-Canada Oil Pipeline to Ease US Reliance

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Alberta and Ontario proposed the Northern Shield Energy Corridor, a crude oil pipeline and energy corridor across Canada, to reduce the country’s dependence on the US. The proposed pipeline would carry about 500,000 barrels of oil a day for domestic use and export markets, and could expand to 800,000 barrels a day. A feasibility study …

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Oil Climbs as Fresh Tanker Strike Highlights Risks Around Hormuz

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Oil gained following attacks on vessels in the Strait of Hormuz, highlighting continued risks to traffic in the waterway. Brent rose toward $73 a barrel, while West Texas Intermediate was above $69. A tanker traveling south reported being hit about 8 nautical miles east of Limah, Oman, causing a fire, UK Maritime Trade Operations said. The vessel …

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