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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...
Iraq’s Oil Lifeline Has Been Saved, But For How Long?
The clock that was ticking down to economic disaster for Iraq on 27 July has been paused, with Turkey agreeing to a one-year temporary arrangement that ensures the continuation of critical oil exports ...
IEA Chief Slams Europe’s Slow Electrification as Energy Crisis Deepens
The head of the International Energy Agency has warned Europe made a “major mistake” by failing to end its economy reliance on imported fossil fuels quickly enough since the 2022 energy crunch. Fatih ...
Utility-Scale Solar Costs Rise 18% but Remain Cheapest Power Source
The cost of unsubsidized utility-scale solar rose by 18% to $40-$98/MWh, driven by higher capital costs, interest rates, tariffs, and supply chain pressures, a Lazard's Levelized Cost of Energy+ analy ...
EU's Russian LNG Imports Hit Record High Ahead of 2027 Ban
The European Union imported a record 9.97 million metric tons of liquefied natural gas (LNG) worth €5.96 billion (~$6.82 billion) from Russia's Yamal LNG facility in the first half of 2026, marking a ...
Why Renewed Iran Tensions Could Keep Fuel Prices Elevated
The oil market has officially entered its mixed-signals era. Crude prices had erased most of their wartime gains as barrels returned to the market and fears of oversupply resurfaced. But renewed U.S.- ...
Global Emissions Hit Another Record High Despite Clean Energy Boom
The Energy Institute has released the 2026 Statistical Review of World Energy, published in partnership with Ember and in collaboration with KPMG and Kearney. The Statistical Review, previously publis ...
Masdar Secures $5.1 Billion for World’s Largest Solar-and-Battery Project
Masdar on Monday announced it had lined up financing for the world’s first gigascale Round-the-Clock renewable energy project, which the renewable energy giant of the United Arab Emirates is developin ...
France Cuts 6.4 GW of Nuclear Power as Heatwave Grips the Country
France’s nuclear power generation was slashed by 6.4 gigawatts (GW) on Monday amid a prolonged and intense heatwave that hiked river temperatures and limited the ability of the power plants to use the ...
Nigeria’s Oil Production Hits Six-Year High as Middle East Risks Return
Nigeria’s crude oil production hit a six-year high in June, as operations continued to stabilize and no major outage incidents occurred, just as the new flare-up in Iran threatens flows through the St ...
Strait of Hormuz Tanker Traffic Falls to Five-Week Low
Tanker traffic through the Strait of Hormuz dipped on Sunday to the lowest number in five weeks as the latest U.S.-Iran escalation reignited concerns among ship operators about safety at the key oil a ...
Iran Warns U.S. Interference Could Trigger Further Oil and Gas Disruptions
Following a major U.S.-Iran re-escalation over the Strait of Hormuz this weekend, Iran’s Islamic Revolutionary Guard Corps (IRGC) on Monday warned that continued U.S. interference in the chokepoint “c ...
European Natural Gas Prices Jump on Hormuz Escalation
Europe’s benchmark natural gas prices opened 3% higher on Monday following the weekend escalation over the Strait of Hormuz which threatens LNG shipments out of the Middle East again. The August 2026 ...