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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...
Venezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year High
Venezuela exported 1.16 million barrels of crude oil daily last month, a slight decline from June’s 1.2 million barrels daily, on lower withdrawals from storage, Reuters has reported, noting that expo ...
How Namibia Pulled Ahead In Africa’s Hottest Offshore Oil Basin
Namibia is rapidly emerging as Africa’s next major oil producer while neighboring South Africa, which controls roughly two-thirds of the same Orange Basin petroleum province, remains years behind in d ...
Harold Hamm Bets Bigger on Argentina’s Vaca Muerta Shale Boom
Continental Resources, the company founded by shale billionaire Harold Hamm, looks to expand in Vaca Muerta as international companies vie to develop Argentina’s proven prolific shale patch. Continent ...
How Geothermal and Nuclear Could Help the U.S. Catch China in the Energy Race
China is winning the race for global clean energy dominance. Beijing has outspent every other country on Earth for years now, and controls critical global clean energy supply chains. Over the same tim ...
Russia Is Running Out of Soldiers, Oil, and Time
Over 1,600 days into Russian President Vladimir Putin’s 10-day special military operation and the situation for the Kremlin continues to deteriorate. Since Moscow ordered its troops illegally into Ukr ...
Ukraine’s Drone Campaign Drives Russian Oil Refining to 24-Year Low
Russian crude processing fell to its lowest level in more than two decades in July after Ukraine expanded its drone campaign from refineries to tankers, pipelines and export infrastructure, according ...
Big Oil Companies Report Record Profits Amid High Oil Prices
We are still in the early innings of the earnings season, with roughly a third of S&P 500 companies having returned their second quarter scorecards. And, it’s shaping up to be yet another bumper earni ...
Ukrainian Drone Attacks Push Russia's Largest Online Retailer Abroad
Desperate to blunt the threat posed by Ukrainian drone attacks, the operator of Wildberries, Russia’s leading e-commerce platform, is looking to lease warehouse space in neighboring Kazakhstan. In res ...
Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO
President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Ira ...
Why Have China and Russia Just Stepped Out Of The Shadows In The U.S.-Iran War?
As with all wars, particularly in the world’s main oil and gas repository of the Middle East, the U.S./Israel-Iran conflict has long threatened to widen out to include other interested parties aside f ...
Georgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan Oil
Georgia’s only oil refinery has begun replacing Russian crude with supplies from Kazakhstan and Libya as owner Black Sea Petroleum races to avoid European Union sanctions that will go into effect in J ...
Trump's Iran Reversal Sends European Gas Prices Tumbling
European natural gas prices plunged at opening on Monday after U.S. President Donald Trump said he had called off a planned attack on Iranian energy sites and talks on a deal would begin this week. Eu ...