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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...
Oil Prices Set for Weekly Gain as Hormuz Tensions Escalate
Crude oil prices were on course for a weekly gain today as hostilities between the United States and Iran flared up again earlier in the week. At the time of writing, Brent crude was trading at $76.60 ...
The Strait Of Malacca Faces Growing Fears Of Copycat Shipping Fees
Oil prices spiked again on Wednesday after U.S. President Donald Trump declared that the ceasefire deal with Iran is over and vowed to strike Iran again, effectively ending the tentative peace deal ba ...
Fed Sees Oil Prices Cooling Despite Renewed Iran War
The Federal Reserve still thinks energy prices are headed lower even as missiles are flying again in the Middle East. New York Fed President John Williams said Thursday that the market's expectation f ...
America's Answer to China's Molten Salt Reactor
A United States firm just got one step closer to realizing the development of a thorium reactor – using a 3D printer. The Florida-based advanced nuclear energy company AMPERA successfully fabricated a ...
Turkey and Iraq Move to Keep Critical Oil Export Route Alive
Iraq just bought itself another year. Turkey and Iraq are expected to sign a 12-month extension of the agreement governing the Iraq-Turkey crude oil pipeline within days, preventing a July 27 expirati ...
Washington Draws a Line for Iraq’s New Leader
Iraq’s new prime minister, Ali Al-Zaidi, will meet U.S. President Donald Trump in Washington, D.C. on 14 July - shortly after America’s Independence Day on July 4th. Trump will no doubt highlight Amer ...
China Walks Away From Georgia's Strategic Deep-Water Port Project
China has walked away from the Anaklia Deep Sea Port project, ending speculation over one of Georgia’s most important infrastructure projects. The Georgian government now says it wants to develop and ...
U.S. Oil Dominance Keeps Growing Despite Lower Prices
While much of the world spent 2025 debating peak oil, the United States was busy setting another production record. New data from the U.S. Energy Information Administration showed that U.S. crude oil ...
Iran War May Ignite Middle East Market Share Race, But Not Yet
When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart. The peace deal between the United States and Ir ...
NATO Projects Unity as Leaders Rally Behind Ukraine
It is fair to say that the final day of the NATO summit in Ankara on July 8 got off to a tense start. Overnight, the United States had resumed strikes on Iran after an uneasy cease-fire. The entire co ...
Indonesia Receives First Russian Crude Shipment Under April Supply Deal
Indonesia has recently welcomed the first cargo of Russian crude oil under a deal Southeast Asia’s biggest economy struck with Moscow in April. About 770,000 barrels of Russian crude oil was delivered ...
Shippers Cool on Green Fuels as Costs Stay Too High
The shipping industry is being blamed by climate activists for emitting a solid portion of the world’s atmospheric carbon dioxide. Under pressure, the industry has been trying to find an alternative t ...