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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...
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 ...
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...
Middle East Oil Exports Rebound to 12.8 Million Bpd
Crude oil exports from the Middle East have risen to 12.8 million barrels daily this month, preliminary data from Kpler cited by Reuters has suggested. The rebound was led by Saudi Arabia, which redir ...
Oil Moves Higher on Rekindled War Fears
Crude oil prices started the week with a jump after President Trump rejected a peace deal proposal tabled by Iran last week at the UN General Assembly. At the time of writing, Brent crude was trading ...
Venezuela’s Oil Comeback Could Cost More Than $100 Billion
The Trump Administration is touting the new oil order in Venezuela as a tremendous opportunity for reviving the industry in the world’s biggest crude oil resource holder. The U.S.-led restructuring of ...
The Next Global Energy Crisis Won’t Come From Just One Direction
The next global energy crisis is just around the corner. If the past four years have taught us anything, it’s that an energy crisis can be brought about unexpectedly and by a number of factors – often ...
The AI Data Center Boom Faces a New Reality Check
“A fraction of proposed data centers will get built. Utilities are wising up.” That was the headline on a May 2025 Utility Dive article that explored the conundrum speculative data center requests pos ...
EPA Power Plant Rollback To Add 123 Million More Tons of CO2
The U.S. Environmental Protection Agency (EPA) announced in September that it will relinquish its authority to regulate greenhouse gas emissions from power plants under the Clean Air Act, a tool previ ...
Global Gas Squeeze Could Last Through Next Summer
Global natural gas supply is likely to remain tighter than it should be until next summer at least, and it could cause prolonged demand destruction. Should this scenario materialize, it would deliver ...
Brazil's Energy Mix Goes Green Even As Oil Production Climbs
Brazil is continuing to expand its renewable energy capacity thanks to favourable national policies and support from foreign investors. The South American giant has developed an impressive green energ ...
Calls to Overhaul the UN Security Council Gain New Momentum
With Kyrgyzstan set to begin a two-year term on the UN Security Council at the end of this year, the Central Asian nation’s president, Sadyr Japarov, sent some barbs and props to President Donald Trum ...
North Carolina Regulators Reject Duke Energy Gas Power Plant
Natural gas output in the United States is expected to reach record highs in 2026 and 2027, as the country ramps up production and seeks to fill the gap created by restrictions on energy trade through ...
Nigeria Joins IEA As Crude Output Hits Six-Year High
Nigeria has ambitious energy plans for the coming decades, including expanding its oil industry and accelerating the development of its renewable energy sector. In recent years, Nigeria has begun to s ...
Why Record Heat Failed to Lift U.S. Natural Gas Prices
Henry Hub natural gas averaged $2.93 per million British thermal units from June through August, 6% below the same period last year, even with the Lower 48 posting its hottest July on record. Average ...