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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...
Russian Fuel Disruptions Push Central Asia Into an Energy Crisis
Ukraine's sustained attacks on Russia's oil refineries immediately plunged Central Asian countries into energy chaos, highlighting years of short-term policy decisions that have left the region withou ...
IEA Chief Urges EU to Drop Arctic Drilling Ban
The European Union should reverse the current moratorium on drilling in the Arctic, where Norway is pushing to drill if allowed, Fatih Birol, the executive director of the International Energy Agency ...
UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels
The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The UAE’s crude oil ...
IEA Cuts Russia's Oil Production Forecast Due to Ukrainian Attacks
Russia's oil production in 2026 and 2027 is set to be lower than previously expected, due to intensified Ukrainian drone attacks on Russia's energy infrastructure, the International Energy Agency said ...
India’s State Nuclear Firm In Search of Global Uranium Assets
Indian state-owned NTPC Ltd, the biggest utility in the country, is looking to acquire stakes in uranium assets globally to secure fuel for the expected massive expansion of India’s nuclear power capa ...
ADNOC Orders $900 Million in New LNG Carriers to Expand Global Fleet
ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise ...
Nord Stream Loses Landmark Insurance Case as War Exclusion Prevails
Politics, Geopolitics & Conflict A UK High Court ruling has ended Nord Stream AG’s attempt to recover $662 million in insurance claims from the September 2022 sabotage of the Nord Stream 1 gas pipelin ...
U.S. Strikes Fail to Break Iran’s Grip on the Strait of Hormuz
The U.S. launched another major round of strikes across Iran this week, targeting roughly 90 military sites, including coastal radar installations, anti-ship missile batteries, drone launch positions, ...
Oil Prices Rally on Renewed Hormuz Supply Risks
August WTI crude oil traded higher during the week ending July 10, with prices last at $71.84 through Thursday evening, up $3.38, or 4.94%. The contract posted a wide weekly range, climbing from a low ...
IEA Warns Renewed U.S.-Iran Conflict Could Upend Oil Surplus Forecast
Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip ...
Fuel Refining Margins Hit Record Highs as Markets Tighten
Refining margins for gasoline and diesel jumped this week to new record highs after the re-escalation in the Middle East, Russia’s ban on diesel exports, and crumbling global fuel inventories. The s ...
More LNG Carriers Brave the Strait of Hormuz Despite Renewed Hostilities
Close to half a dozen liquefied natural gas carriers have gone into the Strait of Hormuz in the past few days and six have exited the strait, despite the recent return to hostilities between the Unite ...