Energy 3 March 2026 - 6 March 2026

Weatherford Shares Slip After ExxonMobil Nigeria News
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Weatherford Shares Slip After ExxonMobil Nigeria News

Weatherford International shares fell 1.1% to $108.79 Friday after announcing a new deepwater completions contract with ExxonMobil’s Nigerian affiliate. The company did not disclose the contract value. Investors weighed the deal against ongoing Middle East disruptions and uneven regional activity. First-quarter revenue dropped 3% to $1.15 billion, while net income rose 42% to $108 million.
May 23, 2026
National Grid plc signs near-£3 billion Eastern Green Link 3 contracts in UK power-grid push
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National Grid plc signs near-£3 billion Eastern Green Link 3 contracts in UK power-grid push

National Grid has signed nearly £3 billion in contracts for the Eastern Green Link 3 project, awarding Hitachi Energy the converter stations and NKT the cable system. The 690-km link between Scotland and England aims to carry electricity for about 2 million homes. Construction is planned for 2028, pending approval, with operation targeted for 2033. The English section still requires a development consent order.
March 6, 2026
Woodside Energy filing shows fresh executive share rights — here’s who got them
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Woodside Energy filing shows fresh executive share rights — here’s who got them

Woodside Energy issued 643,995 unquoted equity rights to executives, including acting CEO Liz Westcott, under incentive plans, according to an ASX filing. The awards, granted without shareholder approval under Listing Rule 7.1, could dilute existing shares by about 0.03% if vested. Westcott has served as acting CEO since December after Meg O’Neill’s resignation.
March 6, 2026
Exxon Mobil’s rare Australia gasoline shipment shows how the Strait of Hormuz shock is rewriting fuel trade
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Exxon Mobil’s rare Australia gasoline shipment shows how the Strait of Hormuz shock is rewriting fuel trade

Exxon Mobil has booked two tankers to ship about 600,000 barrels of gasoline from Houston to Australia in mid-March, sources said, marking a rare U.S. Gulf-to-Australia cargo. The move follows disruptions in the Strait of Hormuz that have stalled oil and LNG shipments, driving up Brent crude by 5% to $85.49 a barrel and pushing Singapore refining margins to nearly $30. Hundreds of tankers remain stranded off Gulf producers.
March 5, 2026
Oil prices jump on Iran war as Hormuz logjam lifts Brent above $84, WTI near $79
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Oil prices jump on Iran war as Hormuz logjam lifts Brent above $84, WTI near $79

Oil prices surged over 3% Thursday as the U.S.-Israeli war with Iran halted shipping through the Strait of Hormuz for a fifth day, stranding about 200 tankers and cutting Iraq’s output by 1.5 million barrels per day. Brent rose to $84.32 a barrel, WTI to $79.06. Qatar declared force majeure on LNG exports. Goldman Sachs raised its Brent forecast by $10, warning a price spike could slow global growth.
March 5, 2026
BP caught in UK windfall tax limbo as Reeves flags Iran war price spike
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BP caught in UK windfall tax limbo as Reeves flags Iran war price spike

UK finance minister Rachel Reeves said Wednesday that the Middle East conflict has made it harder to predict when Britain will end its windfall tax on North Sea oil and gas profits. BP faces renewed uncertainty as the tax remains in place while energy prices surge. Cornwall Insight forecasts the UK household energy price cap will rise about 10% in July, after gas prices jumped more than 70% in a week. BP shares fell 2.38% in London trading.
March 5, 2026
Dollar back in favor as Iran war jolts energy prices and flips euro bets
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Dollar back in favor as Iran war jolts energy prices and flips euro bets

Options traders pushed the euro to its weakest in over a year as Europe’s energy crisis deepened and the Iran war lifted oil prices. The dollar index touched its highest since November before easing 0.3% to 98.83 Wednesday, while the euro rose 0.2% to $1.1632. Funds cut short-dollar trades, and strategists warned of a potential funding squeeze if demand for dollars intensifies.
March 5, 2026
Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge
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Heating oil price jumps above $3.25 as Hormuz disruption keeps fuel traders on edge

NYMEX April ULSD futures rose 2.2% to $3.2584 a gallon Wednesday as Middle East tensions stalled shipping through the Strait of Hormuz for a fifth day. U.S. distillate inventories increased by 0.4 million barrels last week but remain 3% below the five-year average, according to the EIA. Traders are watching Gulf shipping, Friday’s U.S. jobs report, and next week’s EIA update.
March 4, 2026
Natural gas price drops after Tuesday rally as traders eye EIA storage report, Cameron LNG restart
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Natural gas price drops after Tuesday rally as traders eye EIA storage report, Cameron LNG restart

U.S. April Henry Hub natural gas futures dropped 3.41% to $2.95/mmBtu by midday Wednesday, reversing part of Tuesday’s gains. Warmer U.S. weather forecasts and weaker LNG feedgas flows pressured prices despite ongoing Middle East risks. Leveraged gas ETFs BOIL fell 7.29% and KOLD rose 7.21%. Traders await Thursday’s U.S. storage report for the week ended Feb. 27.
March 4, 2026
Oil nears $85 as Hormuz crisis drags on and stocks slide again
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Oil nears $85 as Hormuz crisis drags on and stocks slide again

Brent crude rose 3.3% to $84.07 a barrel as fighting in the Strait of Hormuz disrupted oil flows and Iraq cut output by 1.5 million barrels per day. South Korea’s Kospi dropped 12%, triggering a brief trading halt, while Japan’s Nikkei lost 3.9%. Europe’s STOXX 600 fell over 3% Tuesday, led by banks and insurers. Money markets slashed bets on a March Bank of England rate cut as energy prices surged.
March 4, 2026
Mineral Resources share price slips after CSI record update runs into oil shock, rate-hike jitters
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Mineral Resources share price slips after CSI record update runs into oil shock, rate-hike jitters

Mineral Resources shares closed 0.6% lower at A$55.71 in Sydney after trading between A$54.83 and A$57.56. The company reported record first-half volumes and a 29% jump in Mining Services EBITDA to $488 million. The stock remains volatile, having dropped 6.1% in the previous session. Investors are watching oil prices and rate expectations ahead of the RBA’s March meeting.
March 4, 2026
ScottishPower CEO blasts UK wind auction rules, jabs Ørsted as customer complaints pile up
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ScottishPower CEO blasts UK wind auction rules, jabs Ørsted as customer complaints pile up

ScottishPower CEO Keith Anderson criticized UK offshore wind auction rules after the company’s East Anglia ONE North project lost out to RWE-backed Dogger Bank South in the government’s latest subsidy round. Anderson warned the rules favor projects without planning consent, raising delivery risks. The government awarded contracts for 8.4 GW of offshore wind in Allocation Round 7.
March 3, 2026
Heating oil price today: ULSD futures jump 13% above $3 as Hormuz disruption squeezes diesel
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Heating oil price today: ULSD futures jump 13% above $3 as Hormuz disruption squeezes diesel

NY Harbor ULSD futures jumped 13.45% to $3.29 a gallon Tuesday as Middle East shipping disruptions tightened distillate supplies. Brent crude rose 7.8% to $83.81 a barrel, and U.S. diesel futures topped $3 for the first time since November. Tanker traffic slowed in the Strait of Hormuz after attacks on ships. President Trump was set to review U.S. policy options to address rising energy prices.
March 3, 2026
Oil prices surge 8% as Strait of Hormuz disruption deepens; Brent tops $83
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Oil prices surge 8% as Strait of Hormuz disruption deepens; Brent tops $83

Oil prices jumped about 8% Tuesday as the U.S.-Israel air war against Iran blocked shipments through the Strait of Hormuz, now closed for a fourth day. Brent hit $83.81 a barrel, its highest since July 2024, while U.S. gasoline and diesel futures surged past $3 a gallon. Iraq cut output by over 1 million barrels per day. President Trump is reviewing options to control energy prices, including use of the Strategic Petroleum Reserve.
March 3, 2026
Natural gas price today jumps nearly 6% as Qatar LNG halt and Hormuz risks ripple through markets
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Natural gas price today jumps nearly 6% as Qatar LNG halt and Hormuz risks ripple through markets

U.S. April natural gas futures jumped 5.6% to $3.125 per mmBtu Tuesday as traders reacted to LNG supply disruptions and shipping risks from the Iran conflict. Qatar halted LNG output after strikes at Ras Laffan, and Iran declared the Strait of Hormuz closed. European gas prices surged nearly 50% Monday. Market attention now shifts to Thursday’s U.S. storage data and temperature forecasts.
March 3, 2026
Oil hits 19-month high as Iran war rattles global stocks and delays rate-cut hopes
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Oil hits 19-month high as Iran war rattles global stocks and delays rate-cut hopes

Global stock markets fell sharply Tuesday as the U.S.-Israeli conflict with Iran disrupted oil shipping and pushed Brent crude up 7% to $83.44 a barrel. The FTSE 100 dropped 2.6%, Japan’s Nikkei 3.1%, and South Korea’s Kospi 7.2%. UK gas prices jumped 30% after Iran attacked five ships in the Strait of Hormuz, halting most tanker traffic. Investors delayed expectations for central bank rate cuts in the UK and U.S.
March 3, 2026
TPET stock price: Trio Petroleum jumps again in premarket as oil shock feeds tiny energy names
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TPET stock price: Trio Petroleum jumps again in premarket as oil shock feeds tiny energy names

Trio Petroleum shares jumped 39% to $1.55 in premarket trading Tuesday, extending Monday’s surge after U.S. and Israeli strikes on Iran pushed oil prices higher. Brent crude rose over $3 as traders focused on shipping risks near the Strait of Hormuz. Trio aims to bring two Alberta wells online soon after regulatory approvals. The company recently converted $1.2 million in notes to stock and has an active at-the-market sale program.
March 3, 2026
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Stock Market Today

  • Zuckerberg Admits Using Meta Staff to Train AI Amid 8,000 Layoffs
    May 25, 2026, 12:15 PM EDT. Meta CEO Mark Zuckerberg reportedly admitted in an internal meeting that the company's AI models are trained by observing its own employees, even as nearly 8,000 staff face layoffs. The April 23 announcement revealed a 10% workforce cut, with a month-long waiting period before affected employees were notified, described by staff as "28 days of hell." The layoffs also include the closure of 6,000 open positions. Zuckerberg defended using Meta's higher-skilled employees over contractors to accelerate AI development, highlighting the company's costly shift toward artificial intelligence. This revelation emerged from leaked audio during a tense period for the company, raising ethical concerns around employee treatment amid the AI push.