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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...
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...
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...
Cenovus Warns Oil Sands Growth Is Drying Up as Policy Uncertainty Mounts
Cenovus Energy (TSX, NYSE: CVE) just posted one of its strongest quarters on record. Its CEO used the earnings call to deliver one of the starkest warnings the oil sands industry has heard in years. J ...
AI Is Making Cyberattacks Cheaper, Faster and More Dangerous, IMF Warns
Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new genera ...
US Oil Drillers Continue to Add Rigs
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 548 ...
Iran Seizes Tanker Carrying Its Own Oil
Iran has seized a tanker that appears to have been carrying its own oil, highlighting just how tangled its export system has become under sanctions and blockade. State media said Iranian forces detain ...
US Hits Iran-Flagged Oil Tankers While Peace Talks Continue
U.S. forces struck two empty Iranian-flagged oil tankers in the Gulf of Oman on Friday, escalating pressure on Tehran’s shipping network even as Washington says a potential deal to halt the war could ...
Upstream Oil and Gas Deal Value Plunges Amid Oil Price Uncertainty
The collective monthly value of asset deals within the upstream oil and gas sector collapsed to $5.55 billion in March, down from $32 billion in February, even as the volume held steady at 35 transact ...
U.S. and South Africa Discuss Potential Critical Mineral Deals
Despite tense bilateral relations, the United States and South Africa held this week their highest-level meeting so far this year to discuss potential resource deals in critical minerals, the Financia ...
Oil Markets Whipsawed by Conflicting U.S.-Iran Signals
Oil prices head for a 7% weekly loss as traders struggle to price in conflicting signals from U.S.-Iran talks and ongoing Middle East attacks. Friday, May 08, 2026 Oil prices are set for a 7% weekly l ...
Iraq Denies U.S. Claim Deputy Minister Helped Iran’s Oil Sales
Iraq’s Oil Ministry has denied that its deputy minister was involved in opaque sales of Iraqi oil mixed with Iranian crude for Iran’s benefit, as the U.S. alleged on Thursday when it sanctioned the se ...
Iran Seizes Sanctioned Oil Tanker in Gulf of Oman
The semi-official Tasnim news agency reported that Iran has seized an oil tanker, accusing it of "attempting to disrupt oil exports and the interests of the Iranian nation." Tasnim did not elaborate o ...
First Mexican Fuel Oil Cargo in 9 Months Arrives in Asia
The first fuel oil cargo from Mexico has just arrived in Asia, in a first such shipment in nine months, as high Asian prices draw supplies from other regions amid the shock supply loss from the Middle ...
India's Inflation Accelerates as High Energy Prices Start to Bite
Inflation in India, the world’s third-biggest crude oil importer, accelerated in April as the higher global oil and gas prices started to feed through consumer prices. The annual consumer price index ...