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US hits commercial tanker in Gulf of Oman as tensions flare
The ship tried to break through America’s naval blockade of Iranian ports, Central Command says of i...
Tanker Rates Soar to Record as Oil Crisis Becomes Shipping Crisis
The cost of shipping crude oil soared to record highs last month as the Iran war reshuffled trade ro...
Emergency Oil Releases Risk Draining the World’s Last Supply Cushion
Earlier this week, the International Energy Agency, after consulting with G7, said it would release ...
High Oil Prices Speed Up China’s Shift Away From Crude
China’s oil consumption fell 9% year over year in the second quarter as expensive crude accelerated the use of electric cars, trucks, rail and industrial equipment. The decline helped cut China’s carb ...
Star Citadel trader to step down amid tumult in energy markets
Chris Foster to leave role at Ken Griffin’s hedge fund after making billions of dollars trading natural gas in Europe
Brazil Hands Government Control Over Mining Deals
Brazil's Congress passed a bill Wednesday letting the government block foreign takeovers of mining companies and scrutinize who gets access to the country's mineral reserves…the thing is, though...Bra ...
Machado Backs U.S. Oil Partnership but Questions Venezuela Deal
Venezuelan opposition leader María Corina Machado is backing a long-term U.S. role in developing the country’s oil reserves, even as she questions who has the authority to sign the sweeping agreement ...
UK Borrowing Costs Surge as Oil Shock Rattles Global Markets
The global rise in borrowing costs is a “particular concern,” the International Monetary Fund has said, as UK bond yields reach a level last seen in the financial crisis. The yield on the 10-year UK g ...
Norway Seizes Russian Cruise Ship to Enforce Naftogaz's $4.22 Billion Claim
Norway has seized a Russian commercial cruise ship off the Svalbard archipelago at the request of Ukrainian oil and gas firm Naftogaz, which is seeking enforcement of a $4.22 billion award over Russia ...
U.S. Diesel Prices Surge Toward All-Time High
The average price of diesel in the United States hit $5.7832 per gallon on Thursday, which is just three cents lower than the record-high of $5.8159 in mid-June 2022, when the Russian invasion of Ukra ...
Russia’s Oil Revenue Sinks as Urals Falls to $59
Russia collected 326.2 billion rubles, or about $3.76 billion, in net oil revenue in August, down 22% from a year earlier and the lowest monthly total since February. Russia’s tax authority calculated ...
Milei dials up Argentina’s claim to Falklands
Domestic politics, oil drilling and UK-US tensions drive libertarian leader to amp up sovereignty dispute
Russia Says Oil Output Drop Is Temporary as Refineries Restart
The dip in Russian oil production is only temporary, as output is expected to recover once refineries come back online after unscheduled maintenance, Deputy Prime Minister Alexander Novak said on Thur ...
EU Vows Tougher Russia Measures After Leipzig Drone Attack
The recent incident at Leipzig Airport in which explosive-laden drones interrupted flights is the "new normal," European Commission President Ursula von der Leyen said on September 2, vowing more rest ...
Feminist icon Gloria Steinem dies at 92
Journalist and activist spent a lifetime advocating for women’s rights