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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...
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, ...
Nigeria Eyes $50 Billion From 22 Offshore Oil and Gas Projects
Nigeria expects to attract investments worth between $30 billion and $50 billion from 22 offshore oil and gas projects over the nest five years, the country’s Upstream Petroleum Regulatory Commission ...
Europe's Gas Storage Hits Lowest Level Since 2011 as Winter Looms
Europe faces spiking natural gas prices this winter amid the lowest gas storage levels in more than a decade and tightening LNG markets amid the Middle East crisis. EU storage sites were only 57% full ...
How the UAE Has Kept Its Oil Flowing Through Hormuz
The United Arab Emirates has managed to boost its oil exports to pre-crisis levels as early as June, as it has kept pushing crude through the Strait of Hormuz and outside it. The UAE, which left OPE ...
China’s Top Refiner Pivots to Russian Crude
China’s Sinopec, the world’s top refiner by capacity, has boosted purchases of Russia’s Far East crude for delivery in the third quarter as it looks to secure cargo arrivals amid continued shipping co ...
U.S. Diesel Exports Hit Record High as Domestic Stockpiles Slide
Diesel fuel exports from the United States hit an all-time high last week, driven by shortages of the fuel in other parts of the world as a result of the energy crisis in the Middle East. According to ...
Iran and Oman Near Landmark Deal to Manage Strait of Hormuz
Iran and Oman are close to agreeing on joint management of the Strait of Hormuz, media have reported, citing a statement by Iran’s foreign ministry spokesman, Esmaeil Baghaei. Crude oil prices have be ...
Europe’s Heatwave Is Hitting Refineries And Power Supplies
Extreme heat and drought are beginning to impair Europe’s energy system. Refineries are losing cooling efficiency, river levels are forcing cuts to nuclear generation, hydroelectric output is falling ...
Middle East War Throws LNG’s Growth Story Into Doubt
The Middle East war has caused what may well be an unprecedented degree of disruption in global energy flows. While crude oil gets a lot of the attention—and with good reason—the situation in liquefie ...
Big Tech Turns to Fuel Cells to Power the AI Boom
Tech giants are tapping fuel cell developers and providers to power data and AI computing centers with technology that is cleaner and faster to implement than a conventional gas-powered electricity so ...
Venezuela’s Oil Production Grows at a Crucial Time Despite Challenges
Venezuela’s oil production is growing at a crucial time, with conflict in the Middle East disrupting traffic in the Strait of Hormuz, thereby crimping global petroleum supply. Since the U.S. captured ...
Philippines Could Become the World's First Geologic Hydrogen Hub
The Philippines is shaping up to be ground zero for the global geologic hydrogen revolution. The Southeast Asian nation reportedly has the largest natural hydrogen seeps anywhere on Earth, indicating ...