Ruth Liao

A tanker paid $4 million to cut the line at the Panama Canal, where wait times are stretching more than a week, as vessels seek alternative routes because of the Iran war.

While typical transits through the waterway are paid by a flat rate via reservations, the Panama Canal Authority also offers customers an auction process in order to bypass the regular queue.

Wait times are stretching more than a week, as vessels seek alternative routes because of the Iran war.

Energy companies in India have been paying some of the highest prices they’ve paid in years for liquefied natural gas on the spot market as the Iran war continues to disrupt supplies of the fuel.

A shipper needing to transit the Panama Canal bid a record $5.3 million to secure its spot, according to people familiar with the matter.

As many as half of the proposed data centers in the US are at risk of delays or cancellations because of growing political backlash and the complexities of building physical assets, according to investment firm Kimmeridge Energy Management Co.

Brazil’s national oil company is exploring the prospect of exporting liquefied natural gas from its giant offshore fields as demand for the fuel surges in Asia and elsewhere.

US liquefied natural gas exporter Cheniere Energy Inc. has completed the latest expansion at its Corpus Christi production plant in South Texas.

(Bloomberg) -- US natural gas futures were up slightly as near-term forecasts showed hotter weather in the coming weeks, indicating increased cooling demand for the power-plant fuel as consumers crank up air-conditioning.

(Bloomberg) -- European natural gas benchmark futures surged to their highest since January 2023 as the US launched a fresh wave of strikes against Iran.