Industry News

U.S. President Donald Trump said he'll only consider a halt to attacks on Iran when the Strait of Hormuz is reopened.

'This was not simply an oil rally', Ole Hansen, Saxo Bank's Head of Commodity Strategy, said.

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.

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 plunged today on fresh de-escalation hopes, Naeem Aslam, CIO Zaye Capital Markets, said.

Borouge International becomes 'the world's leading pure-play polyolefins company and fourth-largest polyolefins producer'.

'The UK government faces renewed pressure to change its policy on the North Sea', Wood Mackenzie said.

'The European Union's security of supply remains guaranteed but we must be ready for a potentially prolonged disruption of international energy trade'.

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-controlled oil tanker has crossed the Strait of Hormuz.

Oil declined as Iran and the US signaled potential de-escalation despite ongoing supply disruptions.

Golden Pass LNG expects to ship its first cargo in the second quarter.

The U.S. Energy Information Administration announced that it is launching three voluntary pilot field studies to evaluate energy consumption in data centers.

President Donald Trump lashed out at allies for not supporting the U.S. war in Iran.

Uniper announced a contract to supply a utility in Wolfenbuettel, Lower Saxony 100 percent of the output of a wind farm in the state, estimated to be nine GWh a year.

Uniper announced a contract to supply a utility in Wolfenbuettel, Lower Saxony 100 percent of the output of a wind farm in the state, estimated to be nine GWh a year.

The average regular U.S. gasoline price has jumped to over $4 per gallon.

Crude oil markets are holding firm in a geopolitically driven but macro-sensitive environment, Naeem Aslam, CIO at Zaye Capital Markets, said.

National Grid and Iberdrola awarded a GBP 3 billion ($3.96 billion) contract to Siemens Energy for Eastern Green Link 4 converter stations.

An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai in one of the most significant attacks on a vessel in a month of war, pushing crude prices higher and heightening tension around the vital Strait of Hormuz.