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Ukraine Drone Attack Hits Major Oil Refinery Deep Inside Russia
Ukraine’s military claimed another drone attack on an oil refinery in Russia in the early hours on T...
Australian Dollar trades near weekly high after RBA decision
AUD/USD trades moderately higher above the 0.7060 price region after the Reserve Bank of Australia (...
AI Demand, War, and Climate Pressure Push World Back To Nuclear
Global energy markets are in turmoil as energy crises keep piling up. The energy-hungry AI boom, war in Iran, geopolitical instability, and climate pressures are creating a polycrisis for the global e ...
China's Battery Giant Bets Big on Sodium as Lithium Volatility Persists
The world’s largest battery maker is taking a step back from the eclectic vehicles sector to refocus its efforts on energy storage. China’s Contemporary Amperex Technology Co. Ltd. (better known as CA ...
US Drillers Add Oil, Gas Rigs As Hormuz Transit Resumes
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 573 ...
Equinor Pulls Out of Japan’s Offshore Wind Market
Equinor is ending its offshore wind business activities in Japan and will close its Tokyo office by the end of the year as the Norwegian energy major is realigning its non-oil and gas strategy to focu ...
Canada and Japan Consider Joint Critical Mineral Projects to Counter China
Canada and Japan are considering cooperation in critical mineral projects and a potential plan of joint stockpiling of key metals as the two G7 economies look to reduce China’s outsized dominance in t ...
Brent Erases Iran War Premium as Hormuz Flows Show Signs of Recovery
Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango. Friday, June 26, 2026 Whilst ship tra ...
Russia’s Fuel Crisis Is Pushing the Kremlin Toward Kazakhstan
Grappling with a severe shortage, Russia is seeking to purchase a significant volume of gasoline from neighboring Kazakhstan. Astana appears hesitant to fulfill the request, however, apparently concer ...
China Isn’t Giving Up On Coal Despite Green Energy Goals
Chinese authorities are not restricting coal power growth in the new five-year energy plan as Beijing doubles down on the fossil fuel as a “bottom-line guarantee” of the electricity system amid rising ...
Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit
European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the c ...
What Happened to Big Oil's Green Pivot?
Over the past 20 years, the story seemed straightforward. Big Oil would gradually become Big Energy. Over time, oil majors would use their balance sheets, engineering expertise, and global project-man ...
Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz an ...
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 field after Ukraine earlier this week hit with drones a Russian plant processing part of the gas, Kazakh ...