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Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing Plant
Kazakhstan has slashed by a quarter natural gas production at the huge Karachaganak oil and gas fiel...
Oil prices fall, tech sell-off hits S&P 500 and Nasdaq
Brent crude is trading under $73 a barrel while the Nasdaq is on pace for a weekly loss of more than...
Crude Prices Sink as Traders Bet on More Iranian Oil
August WTI crude oil futures kept falling sharply during the week ending June 26. Traders continued ...
TotalEnergies Extends French Fuel Price Caps Through June
TotalEnergies will keep its fuel price caps across all its services stations in France through June amid the ongoing crisis in the Middle East, the French supermajor said on Wednesday. TotalEnergies f ...
UK Petrol Prices Hit Highest Level Since 2022
Petrol prices in the UK have hit a new high since the Iran war began, as the price of oil jumped back up to $100 per barrel following fresh US strikes. The average price of a litre of petrol is now 15 ...
Dallas Fed Pres Says World Needs To Consume Less Oil And Gas
Federal Reserve Bank of Dallas President Lorie Logan says that the world may eventually have to reduce its consumption of oil and natural gas to bring volatile energy markets into a balance. Speaking ...
Mozambique Contests TotalEnergies' $2 Billion Cost from LNG Project Delay
The government of Mozambique disagrees with TotalEnergies’ estimate that the years-long delay in the Mozambique LNG project has cost it and its partners $2 billion in overruns, a source familiar with ...
China's CNOOC Starts Production at Bohai Sea Oilfield
China’s top offshore crude oil and natural gas producer, CNOOC, on Wednesday announced the launch of full production from phase one development of the Kenli 10-2 oilfield in the south Bohai Sea. The K ...
U.K. Energy Bills to Jump 13% as Gas Shock Hits Households
UK energy prices will jump by 13% from July 1 after energy regulator Ofgem on Wednesday raised the price cap as a result of higher wholesale gas prices amid the Middle East crisis. The UK has a so-cal ...
America’s Answer to China’s Lithium Stranglehold Is Hiding in the Permian Basin
Permian Basin innovator LibertyStream is betting big that the “drill baby drill” era may have an unexpected side effect: a surge in lithium feedstock flowing through America’s existing oil infrastruct ...
Oil Prices Fall as Traders Bet on U.S.-Iran Deal
Oil prices dropped by 2% early on Wednesday as hopes of a U.S.-Iran deal outweighed concerns about rapidly drawing inventories amid the still closed Strait of Hormuz and fresh U.S.-Iran hostilities. A ...
ADNOC Sends Another LNG Carrier Through Hormuz in “Dark Mode”
Emirati ADNOC has sent a second LNG carrier through the Strait of Hormuz, Bloomberg reported today, citing shipping data that shows the vessel is sailing to India. The publication earlier this week re ...
U.S. Sends Rare SPR Oil Cargo to Asia as Hormuz Crisis Reshapes Trade
A tanker loaded with crude oil from the U.S. strategic petroleum reserve has set off from the Gulf of Mexico to the Philippines in what is the first U.S. oil shipment to Asia since late 2022, Reuters ...
Europe’s Arctic Oil Dilemma Deepens as Supply Fears Grow
A dozen financial institutions from Scandinavia have urged the European Commission to remain firm in its opposition to Arctic oil drilling even as the bloc faces physical oil shortages in weeks, accor ...
IEA: Global Electric Car Sales Topped 20 Million In 2025
Over the past five or so years, the global electric vehicle (EV) market has been rapidly transforming from a niche segment into a mainstream industry thanks to plunging battery costs, aggressive emiss ...