Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows.Israel’s…
Oil Could Hit $100/Barrel If Strait of Hormuz Traffic Halts, Wood Mackenzie Warns, ETEnergyworld
In the current scenario, oil prices over $100/bbl are possible if transit flows are not re-established quickly.Higher oil and gas prices…
(Investing) – WASHINGTON – The United States is seeking the forfeiture of Motor Tanker Skipper, an oil…
(Oil Price) – Texas-based EnCap Flatrock Midstream is considering a sale of gas pipeline operator Momentum…
(World Oil) – Aramco has marked two major milestones in its gas expansion strategy with the start…
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Brent Crude Oil
Price: $61.39 per barrel
Currency: USD
Last Updated: 2025-05-03 20:09 UTC
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Italy urges suspension of the EU Emissions Trading System ahead of a planned summer reform proposal, citing competitiveness risks for energy intensive industries. Since 2005, the ETS has cut emissions by 39…
Project aims to capture 1.1 million tons of CO₂ annually from Holcim’s Obourg cement plant in Belgium Captured CO₂ to be transported to Antwerp@C for shipment and permanent offshore storage in the…
27.5 MWdc solar plant secured under Germany’s EEG tenders, targeting 28,700 MWh annual generation. Estimated 9,500 tonnes of CO₂ avoided per year, supplying commercial and industrial demand in the Pomeranian Triangle. Hybrid…
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Brent vs WTI
(WO) – WhiteHawk Energy, LLC has entered into a definitive purchase and sale agreement to acquire natural gas mineral and royalty…
Amazon closed its fulfillment center operations in Abu Dhabi and suspended deliveries across the region, as the company responds to escalating…
Key PointsHow high oil and gas prices rise depends on whether the Iran war disrupts supplies for a prolonged period.The last…
Brent crude oil daily candlestick chart. Source: TradingView Kar Yong Ang, a financial expert at Elev8, sees two main risks for the markets right now. ‘First, there is the supply risk where…
OPEC Announcements
Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered…
A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp.…
The world’s biggest maritime insurers and insurers’ clubs are ending war risk coverage for vessels…
Qatar’s state-owned energy giant QatarEnergy has stopped all liquefied natural gas (LNG) production, shutting down…
The largest refinery in Ecuador was forced to suspend operations after a fire erupted in…
U.S. Energy Policy
Amazon closed its fulfillment center operations in Abu Dhabi and suspended deliveries across the region, as the company responds to escalating instability that is rippling across its Middle East network.The e-commerce giant shared the updates…
North America
(WO) – Diversified Energy has agreed to acquire natural gas properties and related facilities in East Texas from Sheridan Production for $245 million in cash, expanding its operated footprint in the region. The transaction, expected to close in the second quarter of 2026, will be funded through existing…
EU Carbon Targets
Open and transparent data can accelerate the decarbonisation of China’s industries and boost public interest in climate change, says Ma Jun. Ma…
Asia & China
An investor consortium led by BlackRock’s infrastructure investment unit Global Infrastructure Partners (GIP) and EQT announced Monday a definitive agreement to acquire U.S.-based energy…
(WO) – WhiteHawk Energy, LLC has entered into a definitive purchase and sale agreement to acquire natural gas mineral and royalty interests covering approximately…
China’s emissions have maintained a ‘flat or falling’ trajectory for nearly two years, new research has shown, raising hopes that the world’s biggest emitter of planet warming gases…