TotalEnergies Shifts Strategy, Exits U.S. Offshore Wind and Redirects $1B to Fossil Fuels
A major shift in U.S. energy policy is taking shape as TotalEnergies pulls back from offshore wind development and redirects…
Oil jumps as Iran attacks Gulf energy sites, escalating conflict
Oil prices surged on Wednesday after Iran launched attacks on energy facilities across the Middle East, intensifying its conflict with…
Petrobras signals potential extra dividends as oil prices climb
Brazil’s state-controlled oil giant Petrobras may distribute extraordinary dividends this year if higher crude prices continue to boost its cash…
U.S. crude jumps nearly 10% as traders scramble for supply
U.S. crude oil prices surged sharply on Friday, rising more than 10% and narrowing the gap with global benchmark Brent…
Dangote Refinery Seeks Buyers for Jet Fuel and Diesel in New March Tenders
Nigeria’s massive Dangote refinery is preparing to sell new batches of refined fuel, according to trading sources familiar with the…
Oil sales under US-Venezuela deal expected to reach $2 billion by end of February, US says — Analysts See Boost in Revenues and Market Stability
U.S. officials say marketing and exports tied to the US‑Venezuela oil arrangement — including cargoes held in floating storage and…
Oil prices drop on report that OPEC+ is leaning towards output increases: Market reacts, futures slide
You will notice oil prices fell after reports that OPEC+ is leaning toward resuming output increases from April. That move…
Peru opens Petroperu to private capital
Peru has issued an emergency decree that reshapes Petroperu and lets private investors take stakes in the state-owned refiner and…
US capture of Maduro jolts Venezuela oil
US forces removed Venezuelan president Nicolás Maduro from Caracas in a pre-dawn raid on Jan. 3, then flew him to…
Extreme weather strains global energy grids
Unrelenting heat, storms and drought defined 2025’s weather headlines and exposed weak spots in electricity systems from Texas to Tibet.…