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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...
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...
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...
US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel
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 588 ...
Saudis Push Maritime Coalition as Oil Finds Support
Brent is set for an 8% weekly loss, but ongoing disruptions in the Strait of Hormuz and the Red Sea continue to support oil prices near $90 a barrel. Friday, July 31, 2026 Oil prices are set for an 8% ...
Ukraine Is Now Targeting Iranian Shipping in the Caspian Sea
Iranian-designed drones have wreaked havoc for Ukrainian forces battling Russian troops as Moscow took Tehran's technology and ran with it, supercharging production and deploying drones in devastating ...
Shell Sells Cyprus Gas Stake to MOL for $720 Million
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus Ltd to MOL Group of Hungary for $720 million, as the UK-based oil and gas supermajor targets to grow its LNG value chain. Shell on Friday ...
Oil Prices Inch Higher as Iran Strikes U.S. Bases in Kuwait and Bahrain
Iran on Friday claimed it launched attacks on U.S. military assets in Bahrain and Kuwait amid the latest re-escalation of hostilities in the region, which dashed the hopes from early this week that th ...
Libya's Fragile Peace Faces a New Threat
The mutually beneficial corruption arrangement between the rival Haftar and Dbeibah camps that has kept Libya from returning to civil war could be undone by a third force usually left out of political ...
Six Saudi Oil Tankers Reroute Around Africa to Dodge Houthi Threat
Half a dozen empty Saudi oil tankers have turned away in the Arabian Sea from the Red Sea chokepoint Bab el-Mandeb and headed south around Africa in the western direction, in highly unusual moves for ...
ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping
Amid tightened vessel supply due to the Middle East crisis, Abu Dhabi’s national oil company ADNOC has paid about $590 million to buy five supertankers to better manage its crude deliveries, Reuters r ...
BP Puts Its North Sea Oil Business Up for Sale
BP on Friday launched a process to market its North Sea business as the UK-based supermajor looks to simplify its portfolio and invest in high-return projects. The formal launch of a potential sale co ...
Oil Prices Head for 20% Monthly Surge Despite Recent Pullback
Crude oil prices have been trending lower over the past couple of days, but the benchmarks are on course to book both a weekly and a monthly rise. On a monthly basis, Brent crude and West Texas Interm ...
How China Became the Ultimate Swing Oil Buyer
Five months of mostly closed Strait of Hormuz have not sent oil prices spiking to $150 or $200 per barrel, as many analysts had warned in March. Even as more than 10% of global crude oil supply sudden ...
John Kerry: Europe's Energy Crisis Is a Bigger Threat Than Any Weapon
A failure to fully acknowledge the extent of Europe’s energy insecurities could lead to national security vulnerabilities, according to former United States Secretary of State John Kerry. NATO’s summi ...