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Two More Oil Tankers Attacked Near Strait of Hormuz
Two more tankers were attacked near the Strait of Hormuz on Sunday, one in Hormuz and the other off ...
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1. President Donald Trump’s plan t...
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising ...
Nigeria Eyes $50 Billion Offshore Oil and Gas Investment Boom
The new Nigerian incentives for offshore oil and gas projects have the potential to attract $50 billion in new investment in Nigeria’s offshore energy sector, the Nigerian Upstream Petroleum Regulator ...
Iranian Oil Supply to China Is Rapidly Drying Up
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the bigge ...
China’s Oil Imports Set to Rebound as Refiners Hunt for New Supply
Crude oil imports into China are set to rise by about 1.2 million barrels per day in the final quarter of the year from the current one, although they will likely remain lower than pre-war levels, Blo ...
Australia’s Beetaloo Shale Basin Is About to Start Pumping Gas
First gas from Australia’s Beetaloo shale basin is scheduled to start flowing next month, with initial production of 37 million cu m, Reuters has reported, noting hopes that the country could replicat ...
Oil Prices Head for Second Straight Weekly Gain as Iran Risks Mount
Crude oil prices were on course to book a second consecutive weekly gain as the prospects of peace in the Middle East dimmed further amid U.S. threats of the “toughest sanctions in history” against Ir ...
Brazil’s New Oil Frontier Could Keep Its Boom Alive For Decades
Brazilian President Luiz Inácio Lula da Silva has hailed a new offshore oil discovery by Petrobras (NYSE: PBR) near the mouth of the Amazon River as a "passport to the country's future", continuing hi ...
Houthis Move to Gain Complete Control Over Crucial Bab el-Mandeb Oil Chokepoint
The Yemeni Houthis are planning to seize land along the Yemeni coast in the Bab el-Mandeb Strait, tightening their control of the chokepoint. The information comes from the minister of information in ...
Hormuz Oil Crisis Accelerates Global EV Sales
Global electric vehicle sales have surged this year following the oil supply disruption in the Middle East and the second oil price shock in four years. The accelerating EV adoption that began with th ...
How Solar Panel Prices Fell 90 Percent In 15 Years
Solar power is far and away the world’s fastest-growing form of energy production, beating out every other form of energy on Earth in 2025. Despite a recent political pivot away from renewable energie ...
China Is Squeezing India Out of Russia’s Oil Trade
China is buying more Russian oil to replace missing Iranian barrels. The problem for India is that some of those Russian barrels used to be its barrels. China’s seaborne imports of Russian crude are e ...
Kazakhstan Caught in the Middle of the U.S.-China AI Rivalry
Kazakhstan and, to a lesser extent, Uzbekistan and other Central Asian states are finding themselves caught in the middle of a deepening struggle between the United States and China for dominance of A ...
Continental Resources Expands Permian Footprint
Continental Resources is getting substantially bigger in the Permian Basin. The privately held oil producer has agreed to acquire FireBird Energy II, adding roughly 54,000 net acres in the Midland Bas ...