The head of Polar LNG, a company that plans to build a liquefied natural gas plant on Alaska’s North Slope, said his company is hoping to buy discounted equipment from a Russian project on which Washington has imposed sanctions. Polar LNG launched on Monday. Joel Riddle, its president and CEO, in an interview said the …
Planned LNG Plant in Alaska Seeks Equipment from Sanctioned Russia Firm Read More »
(Reuters) – Massive investments in artificial intelligence that underpinned record runs in equities face a major hurdle as the Middle East crisis clouds prospects for growth and energy costs, said Melissa Otto, head of research at S&P Global Visible Alpha. Before the Iran war broke out, tech giants Microsoft, Amazon, Alphabet and Meta planned to spend about $635 billion on data centres, …
Big Tech’s $635 Billion AI Spending Faces Energy Shock Test, S&P Global Says Read More »
Summary Gasoline prices rise due to Iran conflict and Strait of Hormuz closure High fuel costs impact US households and Trump’s political standing Analysts expect crisis to be shorter than 2022 Ukraine conflict NEW YORK, March 30 (Reuters) – The U.S. national average retail price of gasoline crossed $4 a gallon for the first …
US Pump Prices Hit $4 a Gallon as Iran War Wreaks Havoc on Global Energy Supply Read More »
Venezuelan opposition leader and Nobel Laureate Maria Corina Machado addresses delegates at the 44th annual CERAWeek by S&P Global in Houston the week of March 23, 2026. Top oil executives, senior U.S. government officials and influential policymakers from around the world are gathering in Houston, Texas, for S&P Global’s annual CERAWeek conference. The gathering took …
By Alex Longley, Julian Lee, Alaric Nightingale, Kevin Crowley, Yongchang Chin, Sherry Su, Charles Gorrivan, Devika Krishna Kumar, Priscila Azevedo Rocha, John Ainger, Jorge Valero, Grant Smith, Bill Lehane, Lucia Kassai, Ruth Liao, Mia Gindis, Jack Wittels, Emma Sanchez, Rong Wei Neo, Maddie Parker, Tom Orlik, Reade Pickert, Mitchell Ferman, Stephen Stapczynski, Prejula Prem, Graphics by Tom …
Iran War: The Strait of Hormuz Oil Shock Is Now Heading West Read More »
By Julian Hast US natural gas futures ended lower on forecasts showing warmer weather than previously expected in the eastern US, as well as market expectations that domestic stockpiles will increase relative to seasonally normal levels in the coming weeks as demand lowers moving into spring. US gas storage levels, which were up by 14 …
US Natural Gas Falls on Warmer Outlook, Growing Storage Surplus Read More »
By Siddharth Cavale Analysts flag concern over Saudi oil exports from Red Sea G7 nations are ready to take steps for energy stability NEW YORK, March 30 (Reuters) – Oil prices closed higher on Monday, with Brent heading for a record monthly rise, while U.S. crude futures settled above $100 a barrel for the first …
Brent Eyes Record Monthly Rise; US Crude Settles Above $100 as Houthis Join Iran War Read More »
Japan called on the Group of Seven wealthy nations and the International Energy Agency to be ready to take further flexible measures to stabilise energy markets if the Iran war drags on, its industry minister said on Monday. Those actions could include additional coordinated oil stockpile releases at an appropriate time, Ryosei Akazawa told reporters …
Japan Asks G7 to Prepare More Measures to Stabilise Energy Markets Read More »
Shell says windfall taxes risk deterring future gas investment Australia’s LNG export revenues set to surge on supply shock SYDNEY, March 31 (Reuters) – Shell (SHEL.L) has warned Australia against introducing a windfall tax on gas exporters, saying such a move would deter investment and undermine energy security as LNG prices surge following disruption to …
Shell Warns Australia Against Taxing LNG Windfall Profits Read More »
BRUSSELS, March 30 (Reuters) – Energy prices around the world have soared after Iran closed the Strait of Hormuz in response to U.S.-Israeli attacks, leaving many Group of Seven and EU governments seeking ways to lessen the impact on their economies. Finance and energy ministers of the G7 – the United States, Canada, Japan, Britain, …
What G7 Countries are Doing to Cap Energy Prices Read More »
