Today: 12 June 2026
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Energy 2 March 2026 - 13 March 2026

AMD Stock Price Drops Below $200 as Oil Shock Hits Chip Shares, Meta Expands In-House AI Push

AMD Stock Price Drops Below $200 as Oil Shock Hits Chip Shares, Meta Expands In-House AI Push

AMD shares fell 3.4% to $197.74 late Thursday, dropping below $200 as tech stocks slid amid a broader market selloff. The decline followed Iranian strikes on oil tankers that pushed crude prices higher and rattled Wall Street. Meta unveiled new in-house AI chips and confirmed a $60 billion AMD chip deal, while AMD CEO Lisa Su plans to visit South Korea next week for memory supply talks.
13 March 2026
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Trump’s Plan to Cut Oil Prices Runs Into Hormuz as Iran War Rattles Markets

Trump’s Plan to Cut Oil Prices Runs Into Hormuz as Iran War Rattles Markets

Brent crude fell 11% on March 10 after Trump suggested the Iran war could end soon, then rebounded to $98.45 as Gulf attacks intensified. The IEA and U.S. launched a record emergency oil release, but flows through the Strait of Hormuz remain under 10% of pre-war levels. U.S. gasoline prices rose 19% since the conflict began. The White House said Navy escorts for tankers are not yet possible.
12 March 2026
India Cooking Gas Shortage Deepens as Iran War Hits LPG Supplies, Sparks Rush for Induction Stoves

India Cooking Gas Shortage Deepens as Iran War Hits LPG Supplies, Sparks Rush for Induction Stoves

India invoked emergency powers to divert LPG from commercial users to households after Gulf war disruptions cut supplies, forcing restaurants and hostels to limit hot food. Imports from the US, Norway, Canada, and Russia are underway. Appliance makers reported a surge in induction stove sales as shortages hit. The environment ministry allowed restaurants to use biomass, kerosene, and coal for a month to ease pressure.
12 March 2026
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Denison Mines Corp starts Wheeler North drilling as Phoenix uranium mine build nears

Denison Mines Corp starts Wheeler North drilling as Phoenix uranium mine build nears

Denison Mines has begun a 2,500-metre winter drill program at the Wheeler North joint venture in Saskatchewan, with plans for 7,500 metres this year. The move follows final regulatory approval and a board greenlight for construction at the Phoenix uranium project, the first Canadian mine cleared for in-situ recovery. Denison shares rose 5.78% Tuesday. The Phoenix capital cost estimate is now about C$600 million.
11 March 2026
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GE Vernova to Invest $200 Million in Vietnam as LNG, Grid Buildout Accelerates

GE Vernova to Invest $200 Million in Vietnam as LNG, Grid Buildout Accelerates

GE Vernova will invest about $200 million in a large-power-transformer plant in Hai Phong, Vietnam, aiming for full operations by 2028 and 450 jobs by 2030. The company’s gas-turbine technology was chosen for three planned LNG power projects, each designed for 1.6 GW. GE also marked the start of PV Power’s 1.6-GW Nhon Trach 3&4 plant, Vietnam’s first HA-powered project.
10 March 2026
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Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron Corporation Linked to Brazil’s Ipiranga Stake Talks as Ultrapar Weighs Sale (Reuters)

Chevron is in talks for a possible minority stake in Brazilian fuel distributor Ipiranga, though its role in the bidding remains unconfirmed, sources told Reuters. Ultrapar, Ipiranga’s parent, hired BTG Pactual to manage a stake sale as it seeks to reduce exposure to fuel distribution. Chevron, Ultrapar, and BTG declined to comment. Chevron shares fell $1.25 to $188.19 Tuesday; Ultrapar’s U.S. shares edged up to $5.16.
10 March 2026
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Exxon Mobil Corporation Wants a Texas Legal Home as Shareholder Battles Mount

Exxon Mobil Corporation Wants a Texas Legal Home as Shareholder Battles Mount

Exxon Mobil asked shareholders to approve moving its legal home from New Jersey to Texas, citing updated Texas corporate laws and a new business court. The shift would not affect jobs or assets but would place Exxon under Texas law. The proposal comes ahead of the company’s May 27 annual meeting and still requires shareholder and regulatory approval. Exxon expects the change could take effect around June 1.
10 March 2026
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SSE Plc Grid Push Moves Closer After Ofgem Signals Support for Early Funding on 8 Scottish Projects

SSE Plc Grid Push Moves Closer After Ofgem Signals Support for Early Funding on 8 Scottish Projects

Ofgem on March 5 proposed approving SSE’s full early-construction spending request for eight Scottish transmission projects, allowing the utility to exceed the usual 20% cap on five schemes. The projects include major onshore and offshore upgrades, such as the Beauly-to-Loch Buidhe 400-kV line and the Spittal-to-Peterhead subsea link. SSE has shifted 80% of its five-year investment plan to regulated networks.
6 March 2026
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Shell Plc Signs Venezuela Oil and Gas Deals, Putting Dragon Gas Project Back in Play

Shell Plc Signs Venezuela Oil and Gas Deals, Putting Dragon Gas Project Back in Play

Shell signed oil and gas agreements with Venezuela to develop the offshore Dragon field, aiming for first gas exports to Trinidad by Q3 2027, according to Trinidad's Energy Minister. The deal follows new U.S. licenses easing sanctions and includes technical partnerships with VEPICA, KBR, and Baker Hughes. Dragon holds about 4.5 trillion cubic feet of gas. Atlantic LNG in Trinidad shipped 9 million metric tons in 2025, below its 12 million capacity.
6 March 2026
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Gas prices jump again: RBOB gasoline futures spike 6% as Iran conflict tightens supply

Gas prices jump again: RBOB gasoline futures spike 6% as Iran conflict tightens supply

NYMEX RBOB gasoline futures jumped 6% to $2.67 a gallon Thursday amid supply fears tied to the Iran conflict. AAA reported the U.S. average pump price rose nearly 27 cents in a week to $3.25. Oil and diesel prices also climbed as traders tracked shipping and output risks in the Gulf. U.S. gasoline inventories fell by 1.7 million barrels last week, while crude stocks increased.
5 March 2026
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Qatar outage puts Venture Global LNG cargoes in focus — but spare capacity is thin

Qatar outage puts Venture Global LNG cargoes in focus — but spare capacity is thin

Venture Global is redirecting spot LNG cargoes after Qatar halted shipments, tightening global supply. U.S. and Australian LNG plants are near full capacity, limiting replacement options. LNG prices and shipping rates have surged, with Asian spot prices up 68% for April. Venture Global supplied over half of U.S. LNG cargoes to the Middle East last year, according to Poten & Partners.
5 March 2026
Santos Beetaloo fracking plan faces hot springs warning as NT weighs approval

Santos Beetaloo fracking plan faces hot springs warning as NT weighs approval

Scientists and Indigenous custodians have called on the Northern Territory to reject Santos’ plan to drill and frack 12 test wells at Tanumbirini Station, citing risks to Hot Springs Valley. CSIRO research on the hot springs is due in late 2026. Santos says risks are low and it will use controls and monitoring, while the regulator reviews its environmental plan. Indigenous rangers warn of threats to waterways, wildlife, and cultural sites.
5 March 2026
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Exxon Mobil’s first Gulf Coast-to-Australia fuel shipment signals how Hormuz disruption is spreading

Exxon Mobil’s first Gulf Coast-to-Australia fuel shipment signals how Hormuz disruption is spreading

Exxon Mobil is shipping about 600,000 barrels of fuel from the U.S. Gulf Coast to Australia in mid-March, the first such delivery since December 2023, as Strait of Hormuz disruptions squeeze Asian refiners. Australia reported fuel reserves of 32–36 days and urged consumers not to panic. Brent crude rose 4.7% to $81.40 a barrel on Tuesday. Goldman Sachs raised its Q2 Brent forecast by $10 to $76.
5 March 2026
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U.S. gas prices jump as Hormuz disruption lifts refiners and gasoline ETF

U.S. gas prices jump as Hormuz disruption lifts refiners and gasoline ETF

U.S. average gasoline prices rose to $3.198 a gallon Wednesday, up from $3.109 the day before, AAA reported. Oil and fuel markets surged after U.S. and Israeli strikes disrupted shipping through the Strait of Hormuz for a fifth day. Gasoline futures jumped nearly 4% Monday. UBS and Goldman Sachs raised Brent crude forecasts, citing the ongoing Middle East conflict.
4 March 2026
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Petrobras won’t rush Brazil fuel price changes after Iran conflict spikes oil, CEO says

Petrobras won’t rush Brazil fuel price changes after Iran conflict spikes oil, CEO says

Petrobras will monitor oil prices before deciding on gasoline and diesel adjustments in Brazil, CEO Magda Chambriard said, after Middle East conflict pushed Brent crude up 4.7% to $81.40 a barrel. Treasury Secretary Rogerio Ceron warned a prolonged oil shock could affect Brazil’s planned interest rate cuts. Banks raised oil forecasts as shipping risks grew near the Strait of Hormuz.
4 March 2026
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Venture Global shares jump after New York judge blocks Shell bid in LNG fight

Venture Global shares jump after New York judge blocks Shell bid in LNG fight

Venture Global shares rose over 8% Tuesday after a New York judge rejected Shell’s attempt to overturn an LNG arbitration award. The company reported a 191% jump in adjusted core profit to $2 billion for Q4, driven by higher Plaquemines plant output. Venture Global also signed a five-year LNG supply deal with Trafigura starting in 2026. U.S. LNG supply remains tight after Qatar’s outage.
4 March 2026
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Stock Market Today

  • SpaceX IPO Valuation Concerns: $10-$20 Share Price Seen As Realistic
    June 11, 2026, 8:11 PM EDT. SpaceX's upcoming IPO, expected at $135 per share, values the company around $1.7 trillion. Analysts suggest a more realistic price lies between $10 and $20 per share, reflecting a valuation of $130 billion to $260 billion. With $20 billion in revenue but $15 billion in annual losses spanning its satellite, launch, and AI divisions, SpaceX trades at an approximal 100x sales multiple-far higher than typical telecom or industrial firms, which trade at 1x to 3x sales. Investors are essentially betting on SpaceX outperforming traditional categories and achieving rapid growth and profitability. However, Starlink's satellite replacement costs and emerging AI infrastructure losses pose challenges. The debate centers on whether market hype can sustain such lofty multiples amid no clear profitability timeline.

Latest articles

AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Dow up 930 points after hours as tech lifts Nasdaq

12 June 2026
Dow soars 929.97 points for its strongest session in months as easing geopolitical risk and a rebound in tech drive ETFs higher after hours; chip stocks surge with the PHLX Semiconductor Index up 7.9%, while Adobe drops 5.44% after CFO exit despite raised forecasts.
Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

12 June 2026
Keel Infrastructure Corp. surged 5.14% to $5.52 after closing $458 million in 1.250% convertible senior notes due 2032, with proceeds aimed at accelerating AI and high-performance computing data center projects; the notes’ initial conversion price is $7.41, about 25% above the June 4 close, while analysts’ 12-month price targets range from $3.00 to $8.00, averaging $5.52.
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