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Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass ...
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discu...
IMF Warns Middle East War Could Derail Global Economic Growth
The energy crisis sparked by the war in the Middle East remains the biggest risk for the global econ...
U.S. Diesel Exports Hit Record High as Global Supply Crunch Deepens
US distillate exports surged to a record last week as global supplies tightened. Disruptions across the Gulf area and various surrounding maritime chokepoints, as well as Ukrainian one-way attack dron ...
Mining Giant Glencore Looks Beyond London With Secondary ASX Listing
Glencore will launch a secondary listing in Australia in the latest blow to London’s ailing stock market as miners continue to eye opportunities away from the UK. The mining and trading juggernaut, wh ...
Russian Oil Production Climbs Above 9 Million Bpd in July
Russia increased oil production in July as stronger exports and recovering refinery runs gave producers somewhere to put more barrels. Crude oil and condensate output rose by roughly 100,000 barrels p ...
This Megaproject Could Keep Brazil's Oil Boom Running Deep Into The 2030's
BP’s Bumerangue discovery is more than another giant Brazilian oil find: it could become the project that keeps both BP’s upstream portfolio and Brazil’s production boom alive well into the 2030s. Wit ...
Aramco Deepens Asia Oil Discount Ahead of Possible Hormuz Deal
Saudi Arabia cut the price of its flagship crude for Asian buyers again as hopes of a deal to move more tankers through the Strait of Hormuz pushed oil prices lower. Saudi Aramco will reduce the Septe ...
Weak Energy Demand May Signal a Much Bigger Economic Problem
With the recent closure of the Strait of Hormuz, many expected oil prices to spike and stay high. Instead, they have barely budged. The latest spike in prices is a mini spike. If these oil prices were ...
Chinese Oil Giant Launches World-First 16MW Floating Wind Turbine
State-owned China National Offshore Oil Corporation (CNOOC) on Thursday announced the start of operations of the world's first 16-megawatt tension-leg platform (TLP) floating wind power platform, whic ...
Argentina's Shale Boom Is Reshaping Energy Security Across the Americas
Argentina's recent record unconventional oil and natural gas output from the Vaca Muerta shale is boosting energy security in the Americas. In a decade, shale oil and gas production has grown at a stu ...
Angola Confirms New Offshore Oil and Gas Reserves With Katambi-2 Well
Angola's state-owned oil firm Sonangol and its partner in an exploration block offshore Angola, ANPG, successfully drilled an appraisal well that showed good reservoir potential for both oil and gas p ...
China Added More Nuclear Power In A Decade Than The Rest Of The World Combined
Global nuclear power generation reached an all-time high in 2025, and China supplied all of the net growth. According to the latest Statistical Review of World Energy, nuclear plants generated 2,845 t ...
Gulf Shipping Grinds to a Halt Following Houthi Missile Claim
Vessel traffic at the Strait of Hormuz and the Bab el-Mandeb Strait crumbled on Wednesday from the previous day amid a Houthi claim they have hit a Saudi oil tanker in the Red Sea and hopes that Oman ...
Indian Refiners Continue West Africa Crude Buying Spree
India’s state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases via a tender, ...