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Two More Oil Tankers Attacked Near Strait of Hormuz
Two more tankers were attacked near the Strait of Hormuz on Sunday, one in Hormuz and the other off ...
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1. President Donald Trump’s plan t...
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising ...
Oil Prices Reflect Optimism That Hormuz Has Yet to Justify
Crude oil prices ended the second quarter of the year with the steepest decline since 2020, with Brent shedding close to 40% on optimism about a peace deal between the United States and Iran. But it m ...
The AI Revolution Needs Electricity More Than Intelligence
No generation in human history has experienced an infrastructure buildout of this speed and scale. Over the next several years, trillions of dollars will be poured into what industry leaders increasin ...
India’s Russian Oil Boom Outlives the Hormuz Shock
Indian crude imports set several records in June. Total inflows reached about 5 million b/d, the highest level ever recorded for the month. Of that, 2.6 million b/d came from Russia, equivalent to 54% ...
Australia’s Oil and Gas Exploration Set for Renaissance
Oil and gas companies operating in Australia are lining up plans to boost oil and gas exploration as activity picks up amid the energy crisis in the wake of the Iran war. Australia, which has had to c ...
Why a Supply Crunch From Iran Could Send Oil Back Below $40 a Barrel
There have recently been many warnings about near-term oil shortages stemming from the conflict in Iran. Most analysts assume that shortages mean higher prices. As I will explain, the dynamics of a se ...
US Crude Oil Inventories Keep Falling As Hormuz Flows Slow To Start
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.072 million barrels in the week ending June 26. In the week prior, US crude oil inventories f ...
China's Energy Future Runs on Coal and Solar
China will continue spending heavily on both coal and alternative energy, such as wind and solar, over the next five years, Beijing’s latest five-year plan revealed this month. The apparent paradox se ...
Nigeria Unveils World-Class Critical Minerals Discovery
Nigeria has announced the discovery of a world-class, polymetallic deposit in Kaduna State, with government experts saying it’s one of the country's most important critical minerals discoveries in rec ...
The Oil Benchmark Named Brent Is Losing Its Brent
The world's most important oil benchmark is about to experience an identity crisis. For the first time since records began, no Brent crude cargoes are scheduled to load in August, according to Reuters ...
US Crude Output Sets New Monthly Production Record
According to monthly data released Tuesday by the U.S. Energy Information Administration (EIA), U.S. crude oil production climbed to a record 13.934 million barrels per day (bpd) in April—the highest ...
Beaver Island Becomes Test Site for Freshwater Wave Energy
The next frontier for wave energy may be far from any ocean. Beaver Island, situated in the middle of Lake Michigan, seeks to be the next major testing ground for hydrokinetic energy from the waves th ...
Oil Markets Brace for a Summer of Hormuz Volatility
Brent tops $73 as renewed U.S.-Iran strikes keep Hormuz on edge, leaving oil markets vulnerable to sharp summer price swings. Hormuz Plays Red Light, Green Light as Transits Slow Down This Week - Reac ...