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Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass ...
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discu...
IMF Warns Middle East War Could Derail Global Economic Growth
The energy crisis sparked by the war in the Middle East remains the biggest risk for the global econ...
Canada Ties New West Coast Pipeline to Oil Sands Expansion
Canada’s biggest oil sands producers, the Alberta provincial government, and the federal government have reached a new milestone in advancing the planned new West Coast pipeline that would move anothe ...
US Crude Oil, Gasoline Inventories Still Falling
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 564,000 barrels in the week ending July 10. In the week prior, US crude oil inventories fell by ...
Could Geothermal Energy Rescue Germany's Fading Coal Towns?
Europe’s largest economy is walking a precarious tightrope toward carbon neutrality, trying to balance energy security with climate goals as this summer’s heat waves create mounting pressure on the co ...
Trump’s Hormuz Toll Could Upend Global Energy Trade
A proposed 20% charge on cargo passing through the Strait of Hormuz would violate the basic principles of international navigation, raise energy costs and undermine the stated purpose of restoring sta ...
Trump Scraps Hormuz Toll Plan as U.S.-Iran Conflict Deepens
US President Donald Trump has walked back his plan to charge a 20 percent fee on cargo shipped through the Strait of Hormuz, replacing it with proposed trade and investment agreements with Persian Gul ...
Azerbaijan Accelerates Middle Corridor Push With Central Asia Trade Deals
Azerbaijan is working hard this summer to build bridges across the Caspian Sea, announcing a variety of projects to expand Middle Corridor trade with Central Asian states. In late June, Azerbaijan and ...
Dangote's Dollar Shift Reveals Nigeria's Bigger Oil Problem
Africa's biggest refinery has started pricing fuel in U.S. dollars because Nigeria can't supply enough Nigerian crude to keep it running. Dangote Petroleum Refinery, which can process 700,000 barrels ...
New York Imposes First Ever Moratorium On U.S. Data Centers
New York Governor Kathy Hochul has signed the country’s first-ever executive order imposing a statewide moratorium on new large-scale data centers for up to one year. The order freezes the permitting ...
Oil’s Oversupply Narrative Just Died
Renewed U.S.-Iran hostilities have pushed Brent above $85, ending the oversupply narrative and reviving fears of a global oil shortage. Much Anticipated 2026 LNG Oversupply Wave May Not Materialize - ...
U.S. Gasoline Prices Rise for First Time Since May as Iran Ceasefire Collapses
U.S. gasoline prices have increased for the first time since May, with the sudden reversal directly tied to the collapse of the tentative ceasefire between the U.S. and Iran. According to AAA data, th ...
Oil Jumps Above $87 as Russia-Ukraine Black Sea Attacks Escalate
A Russian drone strike on a commercial vessel in Ukraine's Odesa region has killed five seafarers and injured 12 others in one of the deadliest single strikes on commercial shipping since the start of ...
Iran Ceasefire Collapse Sends UK Borrowing Costs to Five-Month High
The UK’s borrowing costs have sailed past five per cent for only the third time since the onset of the Iran war, in a headache for Andy Burnham just days before he enters Downing Street. The yield on ...