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Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil tra...
EU Locks In Plan To Triple Energy Storage Capacity By 2030
Europe desperately needs an energy storage revolution. As the region gets rocked by the third energy...
S&P closes at record high as soft jobs report eases rate-hike concerns
STORY: U.S. stocks rallied on Friday, with the Dow gaining more than a quarter of a percent, the S&P...
Oil and Gas Employment Hits a 2026 Low Even as Production Sets Records
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its st ...
Colombia's New Government Prepares Fossil Fuel Comeback
On 21st June, conservative, Trump-endorsed presidential candidate Abelardo de la Espriella won the election by just 1 per cent over Iván Cepeda, who was expected to take over the Socialist Party leade ...
US Oil Drilling Picks Up As Brent Gains 4%
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 588 ...
U.S. Expands Iran Strikes as Tehran Retaliates Across the Gulf
US forces stepped up attacks on Iranian sites, reportedly striking key bridges, railways, and an airport, prompting retaliatory action by Tehran, even while the White House said talks between the warr ...
China to Hike Retail Gasoline and Diesel Prices as Oil Jumps 12% in a Week
Following the surge in international crude oil prices in the past week, China will raise the domestic retail prices of gasoline and diesel, effective July 18, the state economic planning commission sa ...
Geopolitical Risk Premium Returns as Crude Posts Biggest Weekly Gain in Months
September WTI crude oil posted its strongest weekly gain in months, rallying over 11% as traders rapidly rebuilt a geopolitical risk premium into the market. After opening the week near $72.50, prices ...
China Seeks Long-Term LNG Deals Beyond the Strait of Hormuz
China’s giant state LNG importers are in talks to secure long-term LNG supplies from exporters that don’t need the Strait of Hormuz, as the world’s biggest LNG buyer seeks to reduce its exposure to ga ...
South Korea Bets on Red Sea Route as Hormuz Disruptions Persist
Since the Iran war disrupted shipments through the Strait of Hormuz in early March, South Korea has been increasingly betting on the Red Sea route and the Saudi export terminal of Yanbu to load oil on ...
Japan's LNG Giant Weighs U.S. IPO to Accelerate Global Expansion
JERA, the biggest Japanese LNG importer and largest power producer, is studying a potential listing in the United States as part of a plan to boost its international footprint, Reuters reported on Fri ...
Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens
Iran-linked carriers of liquefied petroleum gas (LPG) have made U-turns and traveled in zig-zagging patterns in recent hours as they face the U.S. naval blockade in the Gulf of Oman, after having clea ...
Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates
Oil prices were headed early on Friday for a 12% weekly gain, the biggest jump in one week since April, as the re-escalation in the Middle East and the abrupt halt to the recovery of Strait of Hormuz ...
The No.1 Commodity Story of the Year Is Flying Under Wall Street’s Radar
Cesium is an “obscure object of desire” in one of the world’s most tightly constrained critical mineral markets, where commercial production has historically come from only a handful of mines. The pus ...