Dana Gas Records $130 Million Net Profit in 2025 as KM250 Gas Plant Enters Operations in Kurdistan
Dana Gas PJSC Reports $348 Million Gross Revenue in 2025, KM250 Plant Commissioning Shapes Emissions Performance
US Electricity Prices Rise 61% Faster Than Inflation as AI and Data Center Demand Strain Power Grids
US electricity prices rose 6.1% in April, 61% faster than inflation, driven by AI data center demand straining power grids.
Trump Launches "Project Freedom" to Guide Trapped Ships Through Hormuz Starting Monday
Trump launches 'Project Freedom' to guide stranded ships through Hormuz; US deploys military assets, Iran warns, oil prices fluctuate.
OPEC+ Provisionally Agrees 188,000 bpd Output Increase for June in First Move Since UAE Exit
OPEC+ plans a symbolic 188,000 bpd output hike for June, its first move since UAE's exit, amid export limits due to regional conflict.
TotalEnergies Raises Buyback and Dividend as War Lifts Profit
TotalEnergies Q1 profit up 29% to $5.39B, raises dividend and buyback, as war boosts prices despite Gulf output cuts.
Hormuz blockade risks triggering worst global energy crisis as oil surges and supply chains fracture
US Hormuz blockade sparks oil surge, supply chain woes, and fears of worst global energy crisis, with risks of $150 oil and wider geopolitical fallout
India raises diesel and jet fuel export taxes as energy crisis pressures domestic supply
India doubled diesel and raised jet fuel export taxes to boost domestic supply amid global energy crisis; petrol duties unchanged.
QatarEnergy's Golden Pass Achieves Historic First LNG Production Outside Qatar
Golden Pass LNG in Texas, QatarEnergy's largest US investment, achieves first production, marking a historic GCC energy milestone.
TotalEnergies Makes Over $1 Billion From Middle East Oil Trade as Iran Crisis Reshapes Markets
French oil giant TotalEnergies made over $1bn buying UAE and Oman crude as Iran conflict disrupted Hormuz shipping.
WTI Crude Surges Past $99 to Highest Level Since July 2022
WTI crude oil futures topped $99 per barrel on Friday, their highest since July 2022, as Strait of Hormuz disruptions overshadowed diplomatic signals.
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