Energy & Oil

Oil prices fell below $71 per barrel after the U.S. temporarily eased sanctions on Iranian crude exports.

The power operator accuses the administration of pursuing contract termination for political reasons.

Oil prices fell sharply as negotiations between the United States and Iran showed signs of progress.

The world’s most critical oil chokepoint is slowly reopening, but the damage to an island that imports every drop of its fuel is already done.

The U.S. First Circuit Court of Appeals in Boston has denied LUMA Energy’s request to halt a lawsuit filed by the Government of Puerto Rico that seeks to invalidate the company’s supplemental contract to operate the U.S. territory’s power transmission and distribution system. The ruling marks another legal setback for LUMA, which has repeatedly sought […]

New Fortress Energy Inc. (NFE) has secured a major milestone in its cross‑border restructuring after the High Court of Justice of England and Wales sanctioned its dual inter‑conditional UK Restructuring Plans, with a follow‑on hearing for U.S. recognition scheduled for June 26 before the U.S. Bankruptcy Court for the Southern District of New York. The […]

Oil hit $126 a barrel during the 110-day conflict; experts warn energy-driven inflation could linger well beyond the ceasefire.

The Senate Energy and Natural Resources Committee hearing on Wednesday on the state of the U.S. territories opened with pointed questions about governance that set the tone for a session defined by fiscal strain, energy instability, and the limits of federal policy in island economies. Committee Chairman Sen. Mike Lee pressed Puerto Rico Gov. Jenniffer […]

The Puerto Rico Energy Bureau (PREB) has issued a sweeping order this week that reshapes the FY2027 budget framework for the island’s electric system while simultaneously taking up a separate dispute over who must pay for procurement work tied to temporary generation. The two developments—one involving the allocation of nearly $100 million in surplus funds, […]