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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...
Eni CEO: Big Oil Bets on Southeast Asia and Latin America
The oil and gas industry is shifting its capital investments toward Southeast Asia and Latin America due to prolonged shipping disruptions in the Strait of Hormuz, Eni S.p.A (NYSE:E) CEO Claudio Desca ...
Government Takes Control of British Steel, Citing National Interest
The government has brought British Steel under state ownership after the steelmaker’s nationalisation passed a public interest test. The Prime Minister said the move “secured the future of British ste ...
EU Sets Target To Double Electrification Rate, Cut Oil & Gas Use
The European Union has unveiled the Electrification Action Plan, aiming for electricity to account for 46% of total energy consumption within the bloc by 2040, effectively doubling the current rate. S ...
India Is Becoming the World's Refining Swing Producer
For years, the world's swing oil producer has been Saudi Arabia. Need more crude? Riyadh opens the taps. Too much oil? Riyadh closes them. But while everyone has been watching who controls crude produ ...
Iraq Shuts Down Khor Mor Gas Field Amid Security Threats
United Arab Emirates’ Dana Gas has suspended operations at all main production facilities in the Khor Mor gas field due to credible security threats amid an increasingly volatile regional situation. T ...
The Power Vacuum Creating New Trade Routes Across Eurasia
The results of Armenia’s parliamentary election in June dealt Russia’s bid to reassert its grip on the South Caucasus a serious blow, and the reverberations are not confined to Moscow, Washington and ...
Could Somalia See The World's Next Major Oil Discovery?
As the Gulf (the world’s traditional energy centre) becomes riskier, the oil industry is searching for new hydrocarbon provinces. Much high-impact exploration is concentrated in Latin America and West ...
The Undisputed Global Oil Superpower
The newly released 2026 Statistical Review of World Energy reinforces a point that sometimes gets lost in political discussions about energy: the United States remains the world’s largest oil producer ...
China’s Critical Minerals Grip Puts $6.5 Trillion of Global Industry at Risk
The global critical minerals market remains highly concentrated, and new threats to supply security have emerged in recent months as China has curbed exports of some rare earth elements, the Internati ...
Asian LNG Spot Prices Jump 10% as Hormuz Crisis Reignites Supply Fears
Spot prices of liquefied natural gas in Asia have surged by 10% in the past week to the highest level since March, as the re-escalation in the Middle East and the fresh near-halt to shipping through t ...
Pakistan Pays Highest Spot LNG Price in Four Years as Qatar Supply Falters
State-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on the spot market in four years as the recent re-escalation of the Hormuz crisis cut off cargoes from it ...
TotalEnergies Sees Stronger Q2 Profit as Refining and Oil Trading Surge
TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose an ...