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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...
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...
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...
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 traders have remained largely bearish on the commodity, betting on a quick peace deal—and they might ge ...
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 crisis in four years, the continent’s insufficient indigenous energy systems, and backups to those ...
China Is Betting on Quantum Tech to Fix Its Power Grid
Global energy grids are under unprecedented stress as energy flows become more complex with the addition of intermittent energy sources and the artificial intelligence boom drives demand to new height ...
Energy Affordability Trumps Climate in US Midterm Races
Elevated US gasoline and electricity prices are seeping into the upcoming midterm elections in November. Candidates are prioritizing consumer affordability over the environment, with Democrats linking ...
Russia’s Labor Shortage Worsens as Central Asian Workers Stay Away
The bad economic news keeps coming for the Russian economy. An analysis of Russian government data by the business daily Vedomosti shows that the influx of Central Asian labor migrants to Russia fell ...
Citi Lifts Brent Outlook but Still Sees Oil Falling in 2027
Citi has raised its third-quarter Brent crude forecast to $80 per barrel from $75 as the U.S.-Iran war drags on and repeated attempts at a deal fail to restore normal oil flows through the Strait of H ...
Norway’s $2.3-Trillion Fund Opposes SEC Idea to Rescind Climate Reporting
The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, does not support the U.S. Securities and Exchange Commission’s (SEC) proposal to scrap requirements fo ...
US Oil Drillers Add Rigs
The total number of active drilling rigs for oil and gas in the United States stayed the same overall this week, according to new data that Baker Hughes published on Friday, with the total rig count i ...
Is Iran Preparing to Permanently Block the Strait of Hormuz?
Conflicting signals from Washington and Tehran keep oil markets on edge as Iran weighs a permanent Hormuz shipping ban while Trump insists a deal is within reach. Friday, August 07, 2026 The oil marke ...
ADNOC Reports 15 Vessel Attacks as Hormuz Risks Mount
Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as the company tries to keep crude, gas and refined products moving through the S ...
Libya Aims to Boost Oil Production to 2 Million Bpd by Early 2030s
Libya's National Oil Corporation (NOC) is confident the country could raise oil production to 2 million barrels per day (bpd) by early next decade from about 1.4 million bpd now, NOC chairman Masoud S ...
Saudi Arabia’s $5 Oil Detour Is Expensive—and Worth It
The latest Saudi oil route looks absurd on a map. Crude moves west across Saudi Arabia to Yanbu, north through the Red Sea to Egypt, across the SUMED pipeline from Ain Sokhna to Sidi Kerir, then west ...