energy
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japantimes.co.jpSBM Offshore Wins Contracts to Build and Operate Two FPSOs for Petrobras
SBM Offshore received contracts from Petrobras to design, build and operate FPSOs SEAP-I and SEAP-II in Brazil's Sergipe-Alagoas basin. The vessels will each produce 120,000 barrels of oil per day with gas export to shore.
middleeasteye.netIran Says U.S. Agreement Nears Final Approval
Iranian state media report that a draft agreement with the United States is in the final stages of ratification. Officials say reopening of the Strait of Hormuz will follow domestic procedures once any blockade ends.
realitytea.comU.S. officials cite Strait of Hormuz clause in Iran deal
U.S. officials said Iran must keep the Strait of Hormuz open without fees under an existing agreement. Iranian state media rejected the claim, stating no such clause exists.
pakistantoday.com.pkTajikistan Builds Rogun Dam to Address Energy Shortages
Construction continues on the Rogun Dam, a $5 billion hydropower project on the Vakhsh River. The facility is designed to generate up to 3,600 megawatts once completed.
manilatimes.netPhilippines Receives First Iranian Crude Cargo Since Hormuz Blockade
A Suezmax tanker delivered Iranian crude to the Bataan refinery in mid-May after a ship-to-ship transfer near Singapore. The shipment marks the first Iranian oil cargo received by the Philippines since the Strait of Hormuz disruption began.
Defense NewsU.S. and Iran Reach Tentative Ceasefire Deal to Reopen Strait of Hormuz
The United States and Iran have agreed in principle to extend a ceasefire, reopen shipping through the Strait of Hormuz, and lift some U.S. sanctions on Iran. The memorandum of understanding still requires final approval and leaves nuclear issues for later talks.
insidermonkey.comData Center Construction Creates Temporary Jobs as AI Investment Grows
U.S. companies are building thousands of data centers to support artificial intelligence systems. Construction work is expanding while permanent staffing needs remain limited.
thenation.comCuba Students Face Power Cuts During Remote Classes
Frequent electricity outages in Cuba are interrupting university coursework and forcing students to complete assignments during brief windows when power returns. The blackouts have lasted up to 15 hours at a time in Havana.
nbcnews.comU.S. officials seek to limit Iran oil exports as tankers move crude to China
Aging tankers are transporting Iranian crude through busy Asian shipping lanes to China. The vessels operate without standard identification while U.S. enforcement efforts continue.
medium.comElectric Vehicle Share of Global Car Sales Rose from 4% in 2020 to 25% in 2025
Electric vehicle sales increased from 4 percent of the global total in 2020 to 25 percent in 2025. The share is projected to reach nearly 30 percent this year and about 50 percent by 2035 without additional policy changes.
benzinga.comChevron Says It Will Not Pay Iran for Strait of Hormuz Transit
Chevron's chief executive stated the company will not compensate Iran for passage through the Strait of Hormuz. The firm currently has six vessels in the waterway and expects additional pipelines to be built that avoid the route.
financialpost.comCzech Investor Daniel Kretinsky Open to Raising TotalEnergies Stake
Daniel Kretinsky stated he is willing to increase his ownership in TotalEnergies after acquiring shares last month. The announcement follows his initial purchase of a stake in the French energy company.
japantimes.co.jpJapan Government White Paper Notes Rise in Private Rice Imports
The fiscal 2025 white paper on food, agriculture and rural areas recorded a surge in private-sector rice imports after retail prices roughly doubled in May 2025. The document also addressed fertilizer supply risks and energy dependence on imported fossil fuels.
prnewswire.comIndia Power Firms Quadruple Natural Gas Purchases From Domestic Exchange
Power generation companies in India increased natural gas purchases fourfold from a domestic exchange to address rising electricity demand. The increase occurred amid efforts to meet higher consumption levels.
thenarwhal.caTrans Mountain Pipeline Plans Additional Capacity Expansion
Trans Mountain Corp. will seek buyers for 72,000 barrels per day of new capacity on its Alberta-to-coast crude pipeline. The operator also plans to raise throughput by 90,000 barrels daily using chemical additives.
winnipegfreepress.comTinubu Marks Third Anniversary with Reform Defense and Price Pledges
President Bola Tinubu addressed Nigerians on the third anniversary of his administration. He defended subsidy and exchange-rate changes while promising lower food and transport costs.
thedrive.comU.S. Motor Oil Supply Tightens After Strait of Hormuz Closure
The United States now depends on Middle Eastern sources for most Group III base oils used in modern motor oils. Closure of the Strait of Hormuz since late February has driven base-oil spot prices nearly triple and motor-oil prices up about 35 percent, with shortages expected in J…
bbc.co.ukU.S. Extends Deadline for Lukoil Foreign Asset Sale to June 27
The U.S. federal government has granted Lukoil a sixth extension to find a buyer for its international operations. The new deadline is June 27, six months after sanctions were imposed last October.
japantimes.co.jpMitsui Seeks LNG Investments for Data Center Power Supply
Japanese trading house Mitsui plans to acquire equity stakes or sign offtake agreements in liquefied natural gas projects. The moves aim to secure long-term electricity for data centers serving the technology sector.
thesouthafrican.comU.S. Crude Exports Reach Record High as SPR Releases Continue
U.S. crude exports hit an all-time high while Strategic Petroleum Reserve releases continued. Brent crude for July delivery fell 0.6 percent to $93.73 per barrel.
thecanary.coGlobal LNG Supply Tightens as Summer Demand Rises
OilPrice.com reported that the loss of roughly 20 percent of daily LNG supply has coincided with forecasts for hotter summer temperatures and stronger Asian cooling demand. Europe faces additional pressure to refill storage sites that ended the 2025/2026 winter at multi-year lows…
nypost.comIranian Officials Call for Water and Fuel Conservation
Iranian state media and officials have called on citizens to reduce water, fuel and electricity use. The appeals come as U.S. sanctions remain in place and the country faces a multi-year drought.
Le MondeCuba Says U.S. Energy Blockade and Castro Indictment Undermine Talks
Cuba's deputy foreign minister stated that recent U.S. actions cast doubt on Washington's commitment to dialogue. The comments follow a January energy blockade and a Florida court indictment of former president Raul Castro.
Draft Assessment Finds Middle Arm Project Would Remove 86 Percent of Endangered Herb Population
The Northern Territory government's draft environmental impact assessment states that the planned Middle Arm Precinct would eliminate 86 percent of the known population of Typhonium sp. Cox Peninsula. The assessment also identifies significant impacts on endangered mammals and sh…
CnbcExxon Executive Says Oil Inventories Will Reach Record Lows in Weeks
Exxon Mobil senior vice president Neil Chapman stated that global oil inventories will hit all-time lows within two to four weeks. He said physical Brent crude prices would then rise to $150-$160 per barrel.
CnbcGoldman Sachs Analyst Says Brent Crude Prices Will Remain Elevated Through Fourth Quarter
Daan Struyven of Goldman Sachs stated that Brent crude prices will stay elevated through the end of 2026 because of reduced global supply. The comments came during a CNBC interview as oil prices declined following reports of Iran peace talks.
Aggreko to Build Off-Grid Hybrid Plant for Eva Copper Mine
Global energy company Aggreko will construct Australia's largest off-grid renewable hybrid power facility at the Eva Copper Mine in North West Queensland. The 15-year project will supply 72 megawatts of power using solar, battery storage and thermal generation.
gellerreport.comU.S. Forces Conduct Second Strike Near Bandar Abbas in a Week
U.S. forces carried out strikes near the Iranian port city of Bandar Abbas on Wednesday, downing four drones and hitting a ground control station. The action marks the second such incident in less than a week and follows explosions reported in the same area on Tuesday.
finance.yahoo.comBernstein Research Sets Long-Term Oil Price Target at $75 per Barrel
Bernstein Research has set a $75 per barrel long-term oil price target for equity valuations. The firm based the target on a survey of the 50 largest energy companies and cited rising marginal costs and falling reserves.
thenarwhal.caAlberta Pipeline Plan Would Require C$100 Billion Industry Investment
Alberta’s proposed pipeline to the British Columbia coast would carry one million barrels of oil per day. Imperial Oil’s chief executive said the project would require more than C$100 billion in new spending by Canada’s oil sector.
thehindu.comShipping halted at Strait of Hormuz after U.S.-Israeli strikes on Iran
CBS News reported that shipping issues persist at the Strait of Hormuz as the U.S.-Israeli conflict with Iran continues. Supply chain expert Nick Vyas discussed the situation.
insurancejournal.comDelfin Midstream Nears Approval of First U.S. Floating LNG Export Terminal
Delfin Midstream is approaching a final decision on a floating liquefied natural gas export facility off the Louisiana coast. The project would be the first of its kind in the United States if approved.
nypost.comBP Ousts Chair Albert Manifold After Eight Months Over Conduct Concerns
BP removed chair Albert Manifold on Tuesday following a unanimous board vote citing governance and conduct issues. Manifold issued a statement Thursday rejecting bullying allegations while acknowledging he pushed staff hard on costs and performance.
SemaforFormer Qatari Energy Minister Abdullah Al Attiyah Dies at 73
Abdullah bin Hamad Al Attiyah, who built Qatar’s LNG sector, died in London on Wednesday. He served as energy minister and helped turn the country into one of the world’s wealthiest nations.
9to5mac.comCEO Confidence in U.S. Economy Declined in Second Quarter
A survey found that chief executive officers expressed lower confidence in the U.S. economy during the second quarter. The decline coincided with rising concerns over supply chains and energy.
news.google.comRussia and Kazakhstan Sign Deals on Currency Swap and Nuclear Plant Financing
Russia and Kazakhstan signed agreements covering a currency swap and financing for Kazakhstan's first nuclear power plant during a visit by President Vladimir Putin. The deals were announced as part of bilateral cooperation between the two countries.
swissinfo.chGerman Electricity Prices to Range from Near Zero to Nearly 400 Euros per Megawatt-Hour on Thursday
Power prices in Germany are forecast to drop close to zero at noon on Thursday before rising sharply to nearly 400 euros per megawatt-hour by evening. The change follows the daily pattern of solar generation.
SemaforU.S. LNG Export Growth Faces Financing Constraints
A forecast projects a global shortfall of at least 135 million metric tons of LNG between 2026 and 2034. Industry figures cite changes in contract structures and investor caution as factors limiting new terminal construction.
manilatimes.netU.S. Average Retail Gasoline Prices Fall More Than 3 Cents Overnight
National average prices declined more than three cents per gallon in a single day, the largest one-day drop recorded in roughly 17 and a half years. The data come from the American Automobile Association.
EuronewsEurope Records Hottest May Days as UN Urges Faster Shift From Fossil Fuels
Britain and France logged their hottest May days on record this week under a heat dome. UN climate chief Simon Stiell called the temperatures a reminder of climate-driven extremes and urged faster adoption of clean power.
France 24Crude Oil Prices Rise as U.S.-Iran Tensions Increase
Benchmark crude prices increased on Thursday after Iran stated it targeted a U.S. airbase. Commercial traffic through the Strait of Hormuz fell sharply following earlier modest gains.
Al JazeeraChina Expands Data Center Capacity Using Renewable Energy
China added more than 430 gigawatts of wind and solar capacity in 2025. The country now generates more than twice the electricity produced in the United States. Plans call for data center capacity to reach 60 gigawatts by 2030.
france24.comRussian Tanker Diverts From Cuba Route
A Russian tanker that had appeared headed for Cuba has altered course. The change leaves the island without an expected fuel delivery amid an existing U.S. oil blockade.
financialpost.comEuropean Utilities Seek Supply from Canadian Ksi Lisims LNG Project
Several European energy utilities have expressed interest in purchasing output from the planned Ksi Lisims LNG export facility in Canada. The project already holds offtake agreements for 5 million tons per year and seeks additional commitments.
Al JazeeraIran and U.S. exchange strikes near Strait of Hormuz
Iranian forces launched a ballistic missile toward Kuwait and five attack drones over the Strait of Hormuz overnight. U.S. forces intercepted the drones and struck an Iranian site near Bandar Abbas in response.
theinertia.comSuper El Nino Threatens to Worsen Asia Fuel and Power Shortages
Drought and high temperatures linked to a potential Super El Nino this summer are expected to increase electricity demand across Asia while oil and gas supplies remain constrained.
upi.comOil Prices Rise After U.S. Strikes on Iranian Targets
U.S. forces carried out new strikes on Iranian military sites despite an active ceasefire. Oil benchmarks rose more than 2 percent in early Asian trading.
indiatoday.intoday.inSanctioned Russian Tanker Turns South After Failing to Reach Cuba
A Russian-flagged tanker carrying 270,000 barrels of diesel fuel has changed course toward Brazil after weeks of drifting northeast of Cuba. The vessel remains under U.S. and EU sanctions.
freepressjournal.inNERC Issues Highest Alert on Rising Electricity Demand from Data Centers
The North American Electric Reliability Corporation raised its peak-demand forecast 69 percent in one year and warned of immediate risks from data-center growth. The Department of Energy stated that replacing baseload plants with solar and wind increases blackout risk a hundredfo…
bbc.co.ukKSI Lisims LNG Project Secures 5 Million Tons Annual Supply Deals
The project has reached purchase agreements covering 5 million tons of LNG per year. Developers aim to reach 8 million tons before a final investment decision and are also discussing supply contracts with European utilities.
upi.comU.S. Stock Indexes Rise as Oil Prices Fall on Hopes of U.S.-Iran Deal
U.S. stock indexes reached new highs and oil prices declined after reports of a possible agreement between the United States and Iran. Markets responded to speculation that a deal could reopen the Strait of Hormuz and ease supply concerns.
armstrongeconomics.comThailand Seeks Long-Term U.S. LNG Supply After Hormuz Disruption
Thailand is accelerating talks for U.S. liquefied natural gas imports following the closure of the Strait of Hormuz. Qatar has declared force majeure on LNG shipments until at least mid-August, with full export capacity possibly unavailable for five years.
Oil Prices Drop More Than 5 Percent After Statements From Washington and Tehran
International and domestic crude benchmarks dropped more than 5 percent on Wednesday, marking the largest single-day decline in a month. The move followed statements from both U.S. and Iranian officials regarding shipping through the Strait of Hormuz.
japantimes.co.jpLondon Aluminum Prices Rise Nearly 17 Percent Since Start of U.S.-Iran Conflict
Aluminum prices on the London market have increased nearly 17 percent since the beginning of the U.S.-Iran conflict. Traders cite Middle East smelter outages, shipping concerns at the Strait of Hormuz, and potential production limits in China.
U.S. Remains Major Energy Exporter and Importer for Petroleum
The United States continues to rank among the world's largest energy exporters and importers, with petroleum as the dominant category. Government data track both outgoing shipments and incoming volumes.
indiatoday.intoday.inRussia Plans Diesel and Aviation Fuel Export Ban After Refinery Strikes
The Russian government is finalizing a ban on diesel and aviation fuel exports after Ukrainian drone strikes reduced national refining capacity by one quarter. Four major refineries processing 238,000 tons per day were hit in recent weeks.
middleeasteye.netStrait of Hormuz Closure Affects Global Supply Chains After Three Months
The closure of the Strait of Hormuz three months ago continues to disrupt global supply chains. Developing countries face the largest shortfalls in energy and goods. Officials report spreading economic effects across multiple regions.
ai-cio.comWorld Energy Investment 2026 Report Scheduled for Release
The International Energy Agency will publish its annual World Energy Investment report on May 28. The document reviews spending patterns across energy sectors and regions during an ongoing supply shortfall.
SemaforGhana delivered five Chinese-backed power projects at lower cost
A Washington-based think tank examined five solar, hydro, and gas projects built with Chinese support in Ghana between 2013 and 2020. The report identified four practices that produced lower costs and fewer quality issues than similar projects elsewhere in the region.
pbs.orgOil Prices Fall as Traders Assess Possible U.S.-Iran Shipping Deal
WTI crude futures dropped 5.4 percent and Brent futures fell 4.6 percent on Wednesday. Traders reacted to reports of possible U.S.-Iran talks that could reopen the Strait of Hormuz. Piper Sandler said the waterway is likely to stay closed for now.