Natural gas set to surpass oil as top US energy source by 2030

Rising oil prices due to geopolitical tensions may lead to increased global economic uncertainty and potential inflationary pressures. The post Oil prices climb as Qatar LNG carrier hit near Oman coast appeared first on Crypto Briefing.

The post Oil Prices Up As U.S. Cancels Iran’s Sales License, Launches Strikes appeared on BitcoinEthereumNews.com. Tugboats push the Djibouti-flagged crude oil tanker Glory Forever, carrying oil imported from the UAE, to the pier in Qingdao, Shandong province, China. (Photo: Yu Fangping) Future Publishing via Getty Images Oil prices rose on Tuesday following the U.S. government’s decision to cancel Iran’s license to sell crude and target it with military strikes, as tensions escalated between Washington and Tehran. The move follows suspected Iranian attacks on ships that use the U.S. Navy’s protected route through the Strait of Hormuz, jeopardizing the interim peace deal signed by Washington and Tehran. In retaliation, the U.S. launched a round of strikes against Iran alongside the license cancellation. A U.S. official told CNBC: “Iran will only reap benefits if they exhibit good behavior. Iran’s actions in the Strait were wholly unacceptable to the U.S. and will be met with consequenc

The anticipated oil surplus by 2027 could lead to sustained lower prices, impacting global energy markets and economic strategies. The post Oil prices fall to pre-conflict levels, surplus expected by 2027: OilPrice.com appeared first on Crypto Briefing.

Exxon's profit surge amid geopolitical tensions highlights the vulnerability of global oil markets to conflict-driven supply disruptions. The post Exxon profit surges $4B amid Middle East conflict-driven oil rally appeared first on Crypto Briefing.

The post Novogratz Pushes Galaxy Past Bitcoin Mining Into $1B AI Power Business appeared on BitcoinEthereumNews.com. Key Takeaways Galaxy delivered 133 MW to Coreweave at Helios on July 6, 2026, formalizing a $1B revenue path. Coreweave has committed to 526 MW across Helios Phases I-III under a 15-year lease. Galaxy targets 3.6 GW of capacity at Helios, with Phase II data halls arriving in 2027. The site sits in Dickens County, about 60 miles from Lubbock. It started as a bitcoin mining facility built by Argo Blockchain in 2021. Galaxy bought it in late 2022 for roughly $65 million after Argo ran into financial trouble during the crypto winter. Bitcoin mining margins tightened after the April 2024 halving. Power costs rose, difficulty climbed, and artificial intelligence (AI) companies started paying more for the same electricity miners had relied on. Galaxy read the shift and moved. Coreweave signed on as anchor tenant in March 2025 under a 15-year lease. The company exercised two mor

The post Beyond Oil: Disruption In Hormuz Spells Trouble For Global Markets appeared on BitcoinEthereumNews.com. Machinery at Yara International ASA’s 24-megawatt plant for renewable hydrogen production at the company’s Heroya industrial facility in Porsgrunn, Norway, on Monday, June 10, 2024. Europe’s largest fertilizer maker, Yara, opened a renewable hydrogen plant in Norway as it seeks to decarbonize a process that uses natural gas as a feedstock. Enterprises such as this one will feel the crunch if the Hormuz crisis continues. © 2024 Bloomberg Finance LP This past Saturday, July 4th, saw two major events on the world stage. In America, jubilant crowds celebrated 250 years of independence, replete with fireworks, air shows, sizzling heat, and congratulations from around the globe, including the EU, UK, Germany, Italy, Ukraine, Poland, Russia, India, Saudi Arabia, the UAE, Israel, and many others. Meanwhile, in the Middle East, Iran opened week-long mourning ceremonies for former Sup

Galaxy Digital finished the first phase of its Helios data center campus in West Texas on July 6, 2026, delivering 133 megawatts of critical IT load to Coreweave. The site sits in Dickens County, about 60 miles from Lubbock. It started as a bitcoin mining facility built by Argo Blockchain in 2021. Galaxy bought it […]

The post Gold: Price dip seen limited as PBoC buying continues – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Carsten Fritsch notes Gold fell to USD 4,120 per ounce after fresh Iranian attacks lifted TTF gas and Oil prices, but Fed rate expectations remain unchanged. He argues downside is limited, as the People’s Bank of China has bought Gold for 20 straight months, recently accelerating purchases and adding 33 tons over the last three months on the lower price environment. Chinese demand cushions recent weakness “The price of gold fell to USD 4,120 per troy ounce this morning following Iranian attacks on two cargo ships and an LNG tanker in the Strait of Hormuz. As a result, the TTF natural gas price rose significantly, and oil prices also edged up slightly, fueling inflation concerns.” “However, there was no change in Fed rate hike expectations. The market continues to anticipate interest rate hikes by the Fed of around 30 basis points by the end of the year. As a r