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Fuel Price Cuts Announced Amid Market Delays and Strike
Businessle-figaroindex-hrjutarnji-list+1myjoyonline5d ago4 sources

Fuel Price Cuts Announced Amid Market Delays and Strike

Fuel price reductions were announced in Croatia, while in Ghana, experts cautioned that these cuts would not immediately lower consumer prices. Separately, a strike was called at TotalEnergies stations in France in response to rising fuel costs.

Hormuz Disruption Worsens; Iran Sets New Shipping Conditions, Oil Prices Fluctuate
WorldReutersbloombergle-figaro+24SCMPFrance 24vgdie-pressepublicodeloThe Independentindex-hr+16 more28d ago27 sources

Hormuz Disruption Worsens; Iran Sets New Shipping Conditions, Oil Prices Fluctuate

The Middle East conflict continues to cause significant volatility in global energy markets and broader economic slowdowns. Western powers are struggling to secure shipping in the Red Sea, and the Strait of Hormuz remains a treacherous battleground, with Iran setting new conditions for passage, banning US, Israel, and their allies. Oil prices have fluctuated as Iran stated 'non-hostile' ships can pass, though vessel transits remain significantly reduced.

TotalEnergies Finalizes US Offshore Wind Exit, Shifts to Fossil Fuels
WorldReutersbloombergNYT+10wsjFTle-mondeThe GuardianNPRberlingskele-figarochannel-news-asia+2 more29d ago13 sources

TotalEnergies Finalizes US Offshore Wind Exit, Shifts to Fossil Fuels

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.

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access
WorldAPReutersBBC+153bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+145 more1mo ago156 sources

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access

President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.

TotalEnergies Halts 15% of Oil and Gas Production Due to Middle East Conflict
BusinessrzeczpospolitaobservadorYahoo+3irish-timesiefimeridaPremium Times1mo ago6 sources

TotalEnergies Halts 15% of Oil and Gas Production Due to Middle East Conflict

French energy giant TotalEnergies has announced the suspension of 15% of its global oil and natural gas production, with operations stopping or in the process of stopping in Qatar, Iraq, and offshore United Arab Emirates, citing the Middle East conflict.

Moscow Court Sentences German Sculptor Tilly in Absentia for Insulting Putin
PoliticsAPReutersbloomberg+51dr-dknzznostagesschauukrainska-pravdafazaftonbladetDW+43 more19d ago54 sources

Moscow Court Sentences German Sculptor Tilly in Absentia for Insulting Putin

A Moscow court has sentenced German carnival sculptor Jacques Tilly to eight-and-a-half years in prison in absentia for creating carnival floats that depicted Russian President Vladimir Putin and Orthodox Church Patriarch Kirill in sexual situations, which was deemed insulting.

Oil Surges Amid Middle East Flare-ups, Gold's Rally Questioned
BusinessdeloThe IndependentYahoo+13hotnewsTimes of Indiahindustan-timesstraits-timesiefimeridajapan-timeschannel-news-asianewsbeast+5 more1mo ago16 sources

Oil Surges Amid Middle East Flare-ups, Gold's Rally Questioned

Oil prices continue to rise due to ongoing attacks in the Middle East, with the Philippines government now probing sudden gas station closures amid domestic price hikes. The conflict has also led to higher oil prices globally, impacting various economies, while analysts question why gold is not rallying in response to the oil surge.

TotalEnergies to inaugurate 5MW solar plant at OML 58
Businesspunch-ng1mo ago

TotalEnergies to inaugurate 5MW solar plant at OML 58

TotalEnergies will inaugurate a 5MW solar plant at OML 58 to power its Ubeta Gas Project, advancing its goal for lower-carbon energy production in Nigeria. Read More: https://punchng.com/totalenergies-to-inaugurate-5mw-solar-plant-at-oml-58/

NATO Allies Work on Hormuz Plan B Amid Trump's Criticism and Withdrawal Threats
WorldbloombergNYTwsj+47FTle-mondewapoAl JazeeraCNNFox Newscnbcruv+39 more19d ago50 sources

NATO Allies Work on Hormuz Plan B Amid Trump's Criticism and Withdrawal Threats

US allies are developing a Plan B for the Strait of Hormuz in case President Trump withdraws, as Trump continues to strongly criticize NATO countries for their unwillingness to deploy militaries to the waterway and threatens to leave the alliance. This comes as Trump's irritation with NATO forces Europeans to confront the realities of the alliance.

TotalEnergies Profits from Strait of Hormuz Closure
Worldle-figaro21d ago

TotalEnergies Profits from Strait of Hormuz Closure

French energy giant TotalEnergies reportedly made a billion-dollar profit by strategically acquiring Asian-bound oil cargoes during the closure of the Strait of Hormuz, capitalizing on the Middle East conflict.

TotalEnergies Dominates Middle East Oil Trade, Profits Over $1 Billion
BusinessFTcapital-bgdh-les-sports+2naftemporikiseeking-alpha22d ago5 sources

TotalEnergies Dominates Middle East Oil Trade, Profits Over $1 Billion

TotalEnergies achieved significant profits exceeding $1 billion by purchasing all available crude oil cargoes from the UAE and Oman in March for May loading, capitalizing on its Middle East oil trading strategy amidst the ongoing conflict and dominating the region's oil trade, as reported by Financial Times sources.

Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis
WorldAPReutersBBC+107bloombergNYTwsjFTThe GuardianNPRAl JazeeraCNN+99 more27d ago110 sources

Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis

The Iran war continues to cause a global energy shock, driving fuel prices up and shaking the world economy, with Asia looking to COVID-era playbooks to tackle the crisis from the Strait of Hormuz blockage. Daily life in Asia is disrupted by the fuel crisis, and poor countries face catastrophe as the global economy pays a high price for the conflict.

Oil Industry Faces Billions in Losses, Warnings of Severe Energy Crisis Amid Middle East Conflict
WorldReutersbloombergNYT+23wsjThe GuardianNPRAl JazeeracnbcNHK Worldtvn24digi24+15 more29d ago26 sources

Oil Industry Faces Billions in Losses, Warnings of Severe Energy Crisis Amid Middle East Conflict

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.

TotalEnergies hands OLO Trust to Aradel
Businesspunch-ng1mo ago

TotalEnergies hands OLO Trust to Aradel

TotalEnergies formally transfers the OLO Oilfield Host Community Trust to Aradel Holdings, a key milestone in the Petroleum Industry Act’s implementation. Read More: https://punchng.com/totalenergies-hands-olo-trust-to-aradel/