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Saudi-led coalition says it intercepted Houthi ballistic missile toward Khamis Mushait
The Saudi-led military coalition said that it has intercepted and destroyed a ballistic missile fire...
Middle East War updates: New attack launched on Saudi airport
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, ...
Europe Gas Prices Head for Fourth Straight Weekly Gain
European benchmark natural gas prices on Friday headed for their fourth consecutive weekly gain as the re-escalation in the Middle East dampened hopes that LNG flows from the Strait of Hormuz could no ...
U.S. Diesel Prices Hit All-Time High as Global Fuel Squeeze Deepens
The average U.S. diesel price hit a record high late on Thursday, exceeding the previous record from 2022, as the Middle East crisis tightened global fuel markets and sent prices soaring this summer. ...
Argentina Targets Falklands Oil Drillers With Tougher Sanctions
Argentina’s President Javier Milei threatened to impose sanctions on oil companies drilling near the Falkland Islands, after reiterating his claim that the territory under British control is Argentine ...
UK Poised to Approve Jackdaw Gas Field as Energy Costs Soar
Prime Minister Andy Burnham is expected to approve the development of the Jackdaw natural gas field in the North Sea before the end of the month, the BBC reported, citing unnamed sources. The Jackdaw ...
ADNOC Keeps Loading LNG as Hormuz Risks Intensify
Emirati ADNOC is still loading liquefied natural gas in the Persian Gulf despite the latest exchange of strikes between the United States and Iran, Bloomberg has reported, citing satellite imaging dat ...
Brent Nears $96 as Iran Conflict Keeps Oil Market on Edge
Crude oil prices extended their climb today and are set for a sharp weekly gain as the war in the Middle East continues with little chance of peace. At the time of writing, Brent crude was trading at ...
U.S.-Venezuela Oil Deal Threatens China’s Oil-Backed Loans
For decades, Venezuela has been one of China’s most important partners in Latin America and the largest recipient of Chinese government funds in Latin America, with Beijing lending Caracas tens of bil ...
Why Oil Majors Don’t Want to Build New U.S. Refineries
U.S. President Donald Trump told oil producers and refiners that he wants lower gasoline prices, immediately, at a meeting at the White House this week. As gasoline prices remain above $4 per gallon o ...
AI Data Center Boom Pushes U.S. Power Equipment to the Breaking Point
Big Tech is betting trillions of dollars on artificial intelligence, with a lot of that to be spent on building the data centers that would power large language models. Stock markets are reflecting th ...
Baltic Dry Index Breaks Out as a “Perfect Storm” Hits Shipping
The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squee ...
Electric Trucks Have Moved From Impossible to Inevitable
Heavy trucks were supposed to be the place where batteries stopped working. Electric cars could manage school runs and commuting, critics conceded. But long-distance freight needed range, rapid refuel ...
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 ...