South Korean Finance Minister Koo Yun‑cheol met with diplomats from the Gulf Cooperation Council to ask for steady supplies of oil, LNG, naphtha and other vital resources. He also requested that the Gulf states work to protect Korean ships and crews near the Strait of Hormuz, a route that has become
India just bought oil from Iran for the first time in years, and it didn't even have to jump through payment hoops. Normally, that wouldn't be news—countries trade oil all the time. But this deal stands out because it happened during a messy time in the Middle East, when key shipping routes got tang
Five European countries want energy giants to share extra profits from high fuel costs. Germany, Italy, Spain, Portugal and Austria signed a letter asking the EU to tax sudden gains made by energy firms. The push comes as rising oil prices from Middle East tensions squeeze household budgets. The mi
Five European finance chiefs have fired off a letter demanding EU-wide curbs on energy profits. The move comes as Middle East tensions make oil tankers rare, pushing petrol and heating bills higher. Spain’s economy minister joined colleagues from Germany, Italy, Portugal and Austria to argue that wh
Russia’s main Baltic Sea ports, Ust-Luga and Primorsk, have been out of action for two weeks straight because of drone strikes that damaged key infrastructure. These ports normally handle most of Russia’s oil exports, but now refineries are scrambling to find backup routes. The attacks, which hit Us
The Lorain Port and Finance Authority is promoting a new financing plan that lets property owners in the county pay for energy‑saving improvements. The program, called PACE, is open to developers, business owners, nonprofits and local governments who want to update or add new heating, cooling, roofi
Maine residents are feeling the pinch of high electricity costs, and many think only public power could solve it. In reality, there are several practical steps that can lower bills for users of the two main investor‑owned companies, Central Maine Power and Versant. These ideas are already in play fo
A high school in Waukegan made a smart move by putting 932 solar panels on its big roof. The school used to pay a lot for electricity—now it saves over $94, 000 every year. That money now helps teens from families with fewer resources go to college instead of going toward power bills. The panels do
A massive project is brewing in Southern Ohio that isn’t just about electricity. A Japanese government-funded $33 billion natural gas power plant will sit on land already owned by the U. S. government. That is unusual because foreign nations rarely bankroll big infrastructure in America only to hand
The war in the Middle East has pushed oil and gas prices up, yet Federal Reserve watchers say the real impact on everyday prices will take time. New York Fed chief John Williams told Fox Business that the economy might feel the squeeze in months or even a year, not right away. That delay matters bec
