Chevron has issued a warning that California is experiencing a historic fuel crisis, with diesel prices reaching a record high of $7 per gallon. Energy executives are discussing the situation at the CERAWeek conference.
Lithuanian Energy Minister Žygimantas Vaičiūnas is scheduled to visit the United States this week to participate in "CERAWeek by S&P Global," a major global energy sector event, where he will engage in discussions on energy and geopolitics.
Greece's Minister of Environment and Energy, Stavros Papastavrou, is in Houston for critical meetings with Chevron and ExxonMobil on the sidelines of CERAWeek 2026, focusing on fast-tracking energy agreements.
The United States is reportedly working with Canada on permitting for a proposed partial revival of the Keystone XL pipeline, signaling renewed efforts to advance the energy project.
US Energy Secretary Chris Wright stated at the CERAWeek energy conference that global oil prices have not yet reached a level that would trigger a reduction in demand.
TotalEnergies has finalized a nearly $1 billion agreement with the US government to withdraw from its US offshore wind farm projects, with the French company redirecting funds towards oil and gas production amidst a global fuel crisis, as confirmed by the Department of Interior.
The CEO of Saudi Aramco has withdrawn from the CERAWeek international energy conference in the US, reportedly remaining in Saudi Arabia due to the ongoing Iran conflict, the growing oil crisis, and challenges posed by Strait of Hormuz tensions, with Reuters confirming the cancellation through a source.
Canada's Natural Resources Minister Tim Hodgson presented the country's energy ambitions at the CERAWeek conference in Houston, but oil and gas executives indicated they require more concrete action before fully committing to the federal government's plans.
Iranian missile strikes are costing the oil industry billions, with the IEA warning of a severe energy crisis, while a TotalEnergies CEO cautions that oil and gas prices could surpass 2022 highs if the Hormuz crisis persists, and oil prices rise as markets assess supply risks after Iran denied US talks.
A Google president stated at CERAWeek that the United States needs to increase its energy development to meet the growing power demands of artificial intelligence technologies.
Amin Nasser, CEO of Saudi Aramco, has withdrawn from a major international energy conference, including CERAWeek in Houston, with sources indicating his absence is due to the ongoing Iran conflict and the challenges it poses, requiring him to remain in Saudi Arabia.