Semafor Energy

Oil spikes, stocks fall on Iran and AI fears Oil hit $100 a barrel and Magnificent 7 stocks shed nearly $800 billion in market value on Thursday, as pessimism over steep AI spending and the Iran war dragged down global markets. Wall Street’s fear gauge hit its highest level in a

And then there is the deeper answer, the one I will keep repeating because it remains true: Europe must build the energy that cannot be blockaded. Once wind, solar, and batteries are installed, no strait has to stay open and no ceasefire has to hold for the power to keep flowing.

Ukraine appears to change tactics in Russia attacks Ukraine appears to be shifting its strategy in its attacks on Russia. Kyiv is letting up on its strikes on Russian oil refineries — easing Moscow’s fuel crunch and pushing gas prices back down — and is instead hitting ships: Mor

Houthi blockade adds pressure to oil markets The Houthis’ declared blockade of the Red Sea is raising fears of a “two chokepoint problem,” Standard Chartered analysts wrote, as oil markets contend with simultaneous disruptions to both of the region’s main oil arteries. Tankers ar

But for shippers, the risks are also rising: A third Dynacom tanker was struck on Monday by a Ukrainian drone in the Black Sea as it loaded oil from a Russian port. And new threats by Houthi militias in Yemen to attack tankers exiting the Red Sea could open another hostile front.

Abu Dhabi National Oil Company invests in $6.2B domestic gas project Abu Dhabi National Oil Company plans to invest $6.2 billion to develop natural gas at its offshore Umm Shaif field, alongside France’s TotalEnergies, Italy’s Eni, and China National Petroleum Corp. The project i

Bahrain considers nuclear power option Bahrain is studying whether to build a small modular nuclear power plant, the Middle East Economic Digest reported, with the state owned Bapco Energies leading the effort through its venture capital arm. If it goes ahead, it would be the fir

Chevron and Qatar invest in Iraq Syria pipeline Chevron and a unit of Qatari conglomerate Power International Holding agreed to work on reviving an Iraq Syria oil pipeline. The link could carry up to 2 million barrels a day from Iraq, bypassing the Strait of Hormuz. The deal adds

British Steel saga dents UK China ties China’s Jingye Steel is seeking compensation from the British government over the nationalization of its former steel production complex in England, further straining relations between London and Beijing. The UK government brought British St

“Secretary Wright’s support for LPG [liquid petroleum gases, which includes propane] reflects the Trump administration’s broader approach to energy related foreign assistance, which is centered on trade, not aid,” the DOE spokesperson told Semafor. “This approach views LPG and cl