The global impact of the war in Iran has caused the average price of gasoline in the United States to rise above $4 per gallon for the first time since 2022. Prices have risen by more than 30% since late February, reflecting an energy shock affecting the entire economy.
Citi's upgrade reflects a broader geopolitical reality reshaping global energy markets. The Iran war is accelerating the flight of European and Asian buyers toward secure, long-term U.S. LNG supply contracts.
The manipulation of fuel stock data was intended to justify an emergency import of fuel even though Kenya has several standing contracts. Despite the war in Iran, Saudi Aramco Trading Fujairah and others were meeting their contractual obligations.
The Endangered Species Committee voted to approve the request for the ESA exemption at the request of the defense secretary, Pete Hegseth. Hegseth has said environmentalists' lawsuits against the industry threatened to hobble the nation's energy supply, while environmentalists fear drilling could kill off protected species including Rice's whales, whooping cranes and sea turtles.
The Board believes Texas legislators, judges, and juries who might make decisions that impact Exxon Mobil are generally more familiar with our business and operations. A new Texas law makes it harder for shareholders to sue companies by requiring a minimum stock ownership to file lawsuits, providing legal protection that serves as the real draw for redomiciliation.
The drone strikes and infrastructure damage at Qatar's massive Ras Laffan complex triggered force majeure declarations and slashed roughly 15% to 20% of global supply overnight, leading to a spike in spot prices in Asia and Europe.
USAC closed 2025 with a record adjusted EBITDA of $613.8 million and a distributable cash flow of $385.7 million, indicating strong financial performance despite high debt levels.
The International Energy Agency has advised member countries to take emergency measures to curb oil demand, following military strikes on Iran that have triggered significant supply disruptions.
Beaches, mangroves, fish, turtles and manatees. Little by little, oil has coated them all. About two weeks have been enough for the sticky black residue to permeate everything in its path. Its advance has been met with an outcry. Since the first fishermen in the Gulf of Mexico reported the discovery of chapapote (petroleum residue) in their nets on March 2, the progression has been documented by the affected communities.
January 2026 showed just how violent this relationship can get: Henry Hub spiked to $30.72/MMBtu on January 23 - a near-tenfold surge - before collapsing to $3.13/MMBtu by February 23. Extreme winter heating demand and supply constraints drove that move - exactly what BOIL is built to capture on the upside, and what devastates holders on the way back down.
MANSFIELD, Conn. (AP) - A freight train derailed Thursday in Connecticut, sending cars carrying flammable liquid propane into the water, though officials say they don't appear to be leaking. Local and state officials said the derailment happened around 9 a.m. in Mansfield, near where Eagleville Lake meets the Willimantic River. The rural town in the eastern part of the state is home to the University of Connecticut.
I lost several thousand dollars this was not a one-day impact. This was an 11 to 12 days' worth of impact, and we are still feeling it. - John Kevranian, owner of Nuts for Candy and past president of the Broadway Burlingame Business Improvement District, describing the extended financial consequences of the power outages and road closures.
A man is dead after an industrial accident in Vaughan on Thursday, said York police. Officers responded to an accident around noon on Thursday on Applewood Crescent, police said in an emailed statement. A man was pronounced dead at the scene after being assessed by paramedics on site. Police said the Ministry of Labour is investigating the incident.
Data centers have caused the demand for gas-fired power in the US to explode over the past two years, according to new research released Wednesday. More than a third of this new demand, the research found, is explicitly linked to gas projects that will power data centers -the equivalent of energy that would power tens of millions of US homes.