









NewsCommodities

CERAWEEK-US, TotalEnergies to shift $1 billion from wind to oil and gas

ReutersMar 23, 2026 3:32 PM

HOUSTON, March 23 (Reuters) - The United States and French energy major TotalEnergies TTEF.PA announced on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production.

The United States will reimburse Total around $1 billion the company paid in lease purchases for offshore wind, and TotalEnergies has pledged not to develop any new offshore wind projects in the United States.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

Why Invest In AI? What Are The Best AI Stocks To Buy In 2026?

TradingKey - The appeal of AI as an investment theme has amplified over recent years. There are strong underlying reasons on why AI is one of the hottest themes currently – primary reason being the increased usability of AI in many practical use-cases which wasn’t the case earlier. Consequently, AI

Conflict Escalates: Trump Issues Ultimatum as Goldman Warns of Record $147 Oil

TradingKey - Middle East conflicts escalated sharply over the weekend. Brent crude rose over 1% intraday, with prices surging to near $109 at the time of publication. As the U.S.-Iran conflict enters its fourth week with no signs of de-escalation, Goldman Sachs has once again raised its oil price fo

Gold Slumps $800 Over 4 Consecutive Days: Safe-Haven Demand Remains, Why Are Gold Prices Still Falling?

TradingKey - Gold continued its weak correction today as the market remained under pressure from the combined impact of geopolitical risks, a strengthening US dollar, and rising US Treasury yields. Although safe-haven sentiment persists, capital is clearly prioritizing the avoidance of pressure from

The Week on Wall Street: Geopolitical Tensions Drove Markets Lower; Fed Held Rates, Noting Inflation Risks

US equity markets faced a challenging week, extending their recent retreat. The S&P 500 notably marked a fourth consecutive weekly loss, trading around 6,506.48 on March 20, down 5.1% year-to-date. Early in the week, some relief rallied the S&P 500 by 1.2% as crude oil prices temporarily eased, but

Helium’s 2026 Shock: Which Stocks are Most Affected

Most investors don’t spend much time thinking about helium. It’s the party-balloon gas… or at least that’s what most people think. But But behind the scenes, helium keeps a lot of high-end tech running - and supply has tightened fast lately.

Tradingkey

KeyAI

