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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...
Brent Surges Above $86 After Iran Strikes Two UAE Tankers in Hormuz
Brent Crude prices soared by 3% early on Tuesday to above $86 per barrel, following an Iranian attack on two tankers of the United Arab Emirates in the southern lane of the Strait of Hormuz, in one of ...
Iran Sneaks 12 Million Barrels Past Renewed U.S. Oil Blockade
Iran is estimated to have sneaked supertankers with a total of 12 million barrels of crude oil in the week between the end of the U.S. waiver on Iranian oil sales on July 7 and July 14, just as the U. ...
China’s Crude Oil Imports Crash to Decade Low as Hormuz Crisis Bites
China’s crude oil imports crashed to a decade-low in June as the reduced flows through the Strait of Hormuz hiked oil prices and reduced refiners’ appetite for costly crude. Overall Chinese imports of ...
Oil Prices Have Jumped 12% Since Friday as War Risks Return
Oil prices extended Monday’s surge into Asian trade on Tuesday, with Brent Crude prices hitting a one-month high, as the renewed war risk premium crashed the calmer trade of the past weeks amid renewe ...
Oil Refiners Are Cashing In on a Market That Won’t Stay Broken
Oil refiners have stumbled into one of the best profit environments in years. Crude prices have fallen back to where they traded before the Iran war erupted. But gasoline, diesel, and jet fuel remain ...
America Extends Its Lead Over Russia and Saudi Arabia in Oil Output
While the United States has been the world’s biggest consumer of oil for decades, it became the largest oil producer, too, back in 2018, and has retained that crown ever since. The shale revolution an ...
OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz
OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude production rebounds across the Gulf and tanker traffic slowly returns to the Strait of Hormuz. I ...
Why the UAE Is Taking a Bigger Piece of America’s LNG Crown Jewel
As might be expected in the zero-sum game of global energy, there is much more than meets the eye to the acquisition by Abu Dhabi-headquartered international investment company XRG of an additional eq ...
Two Geothermal Bets Are Starting to Undercut Nuclear on Cost
While the Trump administration keeps pushing domestic energy addition through funding vehicles and executive orders aimed at grid reliability and AI-driven demand growth, two next-generation geotherma ...
America's Biggest Utility Sees Blackouts Ahead
The CEO of America’s largest utility, EXELON, foresees blackouts in the US in 2027. To boost power supply Calvin Butler wants states to allow his utility to build new power plants. Opponents will obje ...
Oil Prices Surge 8% After Trump Reimposes Iran Blockade
Oil prices jumped more than 8% on Monday after U.S. President Donald Trump announced the United States would reinstate its blockade on Iran, forcing traders to once again price in the risk of prolonge ...
EU Drops Sanctions on Lukoil Founder and Russian Patriarch
The European Union will not impose sanctions on the head of the Russian Orthodox Church and the chief of Russia’s largest private oil company, after Bulgaria vetoed the proposal. Patriarch Kirill, a v ...