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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...
High Oil Prices Are Fueling a New Heavy Crude Rush in Canada
Who says price isn't a rationing mechanism? Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heav ...
EU Eyes 2040 Electrification Target to Slash Oil and Gas Dependence
The European Commission is set to unveil next week an electrification target for 2040 in a bid to reduce the need for fossil fuels and strengthen the renewable energy sector in the EU, according to a ...
Ukraine Hits Two Russian Fuel Tankers as Moscow's Fuel Crisis Deepens
Ukraine hit two fuel tankers overnight offshore Russia’s southern coast in an expanding campaign to deepen the fuel crisis in Russia. The two tankers were hit in Taganrog Bay, the northeastern arm of ...
Pakistan Rushes to Buy Emergency LNG After Qatar Cargo Is Canceled
Pakistan is forced to turn to the spot LNG market once again after the re-escalation in the Strait of Hormuz has canceled a cargo from Qatar. State-controlled Pakistan LNG has just issued a tender to ...
Escalation Continues as U.S. and Iran Face Off Over Hormuz
The United States is prepared for a continued exchange of fire with Iran over the Strait of Hormuz and Tehran’s attacks on commercial vessels in the chokepoint, U.S. officials have told Axios, while b ...
Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal
Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the ceasefire would hold and oil flows throug ...
Goldman Sachs Sounds Alarm Over Fresh Threat to Global Oil Supplies
A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian Gulf threaten an extended supply disruption. “While Middle Easte ...
Hormuz Tanker Traffic Grinds to a Halt After U.S.-Iran Escalation
What was a flood of oil and gas leaving the Strait of Hormuz two weeks ago has now ground to a halt as the United States and Iran began firing missiles again and President Trump declared the ceasefire ...
U.S. LNG Exporter Reaps Windfall as Middle East Turmoil Drives Fees Higher
Venture Global has reported a 69% increase in its liquefaction fees over the second quarter of the year, to $6.45 per million British thermal units, up from $3.82 per mmBtu in the first quarter amid t ...
$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now
In September, Google walked away from a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down. It wasn’t an ...
Dangote’s Next Move Could Create the World’s Largest Refinery
Dangote’s 700,000 b/d Lekki refinery has been running at full capacity over the past two months, pushing product exports to Europe to record levels and overtaking traditional suppliers from the Gulf a ...
Gulf Oil Producers Relaunch Fight for Market Share in Asia
Saudi Arabia has slashed the price of its crude oil loading for Asia next month by the most in two decades as the world’s top crude exporter and the other major exporters in the Persian Gulf restarted ...