Global energy prices jumped as tensions escalated around the vital shipping route, where drone and missile assaults have prompted some companies to halt sending cargos.
Author: STANLEY REED
In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
Chevron Restarts Gas Production on Platform Near Gaza Strip
The energy giant had halted operations at the offshore facility on request from Israel’s government shortly after the attacks by Hamas militants last month.
British Battery Start-Up Files for Bankruptcy
The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.
Sweden Says It Has Uncovered a Rare Earth Bonanza
A state-owned mining company announced it had found Europe’s largest deposit of the vital minerals used in electric vehicles and other green technology.
EU Embargo of Russian Oil and G7’s Price Cap Take Effect
An immediate impact on oil supplies in Europe was not expected, partly because the embargo has been in the works for months.
Poland Says Druzhba Pipeline Leak Was Probably an Accident
News of the episode raised energy security concerns, but a Polish energy official said there was no reason to suspect sabotage.
What We Know About the Mysterious Nord Stream Pipeline Leaks
The leaks, which may amount to as much as a third of Denmark’s annual carbon emissions, expose the vulnerability of critical infrastructure as the war in Ukraine continues.