TotalEnergies is sustainably growing a multi-pronged offshore strategy in Angola, combining deepwater project development, brownfield optimization and frontier exploration as the company expands its long-term position in the country. The oil major is also betting on asset development in Nigeria, where it has significant investment in prolific producing assets. The company’s Angola country manager, Martin…
Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink. Published On 5 May 20265 May 2026 Oil prices have risen sharply as violence in the Strait of Hormuz cast doubt over the fragile ceasefire between the United States and Iran. Brent crude, the primary benchmark for oil prices…
The war on inflation could be in for a major setback due to the Iran war. The Consumer Price Index this week is expected to show March prices rose at a 3.3% annual pace, the average of six separate forecasts reviewed by CBS News. That would mark the highest inflation rate since May 2024 and…
13m ago Water desalination plant on Iran’s Qeshm island in Strait of Hormuz reportedly offline after strike Iranian media said Tuesday that an Israeli or U.S. airstrike had taken a water desalination plant on the Persian Gulf island of Qeshm offline. According to the Iranian government affiliated Borna News, the head of the Ministry…
HOUSTON — The CEOs of the world’s most influential oil and gas companies delivered a sobering message this week about the impact of the Iran war on energy supplies and the long-term consequences for the global economy. The executives gathered in Houston, Texas, for S&P Global’s annual CERAWeek energy conference to take stock of the…
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Markets drop as gas prices, mortgage rates rise 00:53 UP NEXT Cost of war in Iran hits America’s heartland 02:31 Strike hits Jerusalem’s Old City 02:01 Trump weighs deploying ground troops 01:45 Action hero Chuck Norris dies at…
The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.
“As previously warned, if the fuel, energy, gas, and economic infrastructures of our country are attacked by the American-Zionist enemy, in addition to a powerful counterattack against the enemy, we will severely strike the origin of that aggression as well,” the military said in a statement published by Tasnim.
“No disruption is expected for homes and vehicles [using piped gas]. The government has given priority to these two sectors,” says Rahul Chopra, managing director for the Haryana City Gas Distribution Limited, a countrywide gas company with around 100,000 domestic consumers and 195 CNG fuel stations.
The European Union is seeking more strategic clarity about the U.S. and Israel’s plans for Iran and when the conflict might end as the bloc weighs whether to send ships to help shore up security in the Persian Gulf. Without confirming any specific international commitments, President Trump said in a social media post on Saturday…
