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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...
Lower Oil Prices Lend Support For The Gold Rally
Oil prices fell for a second week running thanks to optimism surrounding renewed U.S.-Iran diplomacy to reopen the Strait of Hormuz. U.S. President Donald Trump announced on Monday that talks between ...
Gas Shortages and High Prices Derail Southeast Asia’s Power Buildout
Southeast Asia is falling short of its ambitious projects to boost gas-fired power generation to meet growing electricity demand and replace some of the coal use. Fuel availability, volatile prices, a ...
UK Drivers Take To Fuel Theft amid War-Driven Price Surge
Drivers in the United Kingdom have started filling up their tanks without paying for the fuel as driving costs surge on the fuel supply crunch driven by the war in the Middle East. The crimes include ...
Europe's Electricity Prices Spike to €500 a Megawatt-Hour as Drought Bites
Intense summer heat waves are threatening energy security across Europe. The continent is facing a scorching and arid summer, causing electricity demand for air conditioning to skyrocket at the same t ...
U.S. Diesel Exports Hit Record High as Global Supply Crunch Deepens
US distillate exports surged to a record last week as global supplies tightened. Disruptions across the Gulf area and various surrounding maritime chokepoints, as well as Ukrainian one-way attack dron ...
Mining Giant Glencore Looks Beyond London With Secondary ASX Listing
Glencore will launch a secondary listing in Australia in the latest blow to London’s ailing stock market as miners continue to eye opportunities away from the UK. The mining and trading juggernaut, wh ...
Russian Oil Production Climbs Above 9 Million Bpd in July
Russia increased oil production in July as stronger exports and recovering refinery runs gave producers somewhere to put more barrels. Crude oil and condensate output rose by roughly 100,000 barrels p ...
This Megaproject Could Keep Brazil's Oil Boom Running Deep Into The 2030's
BP’s Bumerangue discovery is more than another giant Brazilian oil find: it could become the project that keeps both BP’s upstream portfolio and Brazil’s production boom alive well into the 2030s. Wit ...
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal
Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the Septe ...
Weak Energy Demand May Signal a Much Bigger Economic Problem
With the recent closure of the Strait of Hormuz, many expected oil prices to spike and stay high. Instead, they have barely budged. The latest spike in prices is a mini spike. If these oil prices were ...
Chinese Oil Giant Launches World-First 16MW Floating Wind Turbine
State-owned China National Offshore Oil Corporation (CNOOC) on Thursday announced the start of operations of the world's first 16-megawatt tension-leg platform (TLP) floating wind power platform, whic ...
Argentina's Shale Boom Is Reshaping Energy Security Across the Americas
Argentina's recent record unconventional oil and natural gas output from the Vaca Muerta shale is boosting energy security in the Americas. In a decade, shale oil and gas production has grown at a stu ...