(The Center Square) – North Carolina’s 301-mile coastline has been spared from a potential wind project of TotalEnergies by the U.S. Department of the Interior.
The global economy is under "major threat" from the energy crisis caused by the Middle East war and "no country will be immune" to its effects, International Energy Agency chief Fatih Birol said Monday.
Sri Lanka raised fuel prices by 25 percent on Sunday, the second increase in two weeks, as the country prepared for more impact from the war in the Middle East.
(The Center Square) – U.S. Treasury Secretary Scott Bessent said Thursday more oil could be released from the nation’s stockpiles than the 172 million barrels announced last week and that other market-based measures could soon add additional supplies to global energy markets.
By Bethany Blankley | The Center Square contributor
Updated
(The Center Square) – As conflict in Iran escalates, Middle Eastern refineries have been hit and the Strait of Hormuz remains compromised, and oil futures hit $120 a barrel. Physical cargos of crude from Oman and the UAE have already hit $150 a barrel for May delivery.Â
Leaders of Samoa and Tonga appealed for help this week as the import-reliant Pacific nations raised fears over possible fuel shortages and escalating costs caused by war in the Middle East.
Qatar's main gas facility has suffered extensive damage after several rounds of Iranian strikes, causing new energy supply fears as the Middle East war grinds on.
A Belgian court Wednesday adjourned a case pitting TotalEnergies against a farmer seeking compensation for climate-change damage, pending the outcome of a separate trial against the French energy giant in Paris.
