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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 ...
$70 Oil Could Put India Back on Track for 7% Economic Growth
India’s economy could return to the trajectory to grow by 7% and even more in the fiscal year through March 2027 if oil prices remain close to the current $70 per barrel, according to a senior officia ...
Iraq Could Quit OPEC in Bid to Pump More Oil
OPEC’s second-largest producer, Iraq, is considering exiting the cartel if the organization rejects Baghdad’s plan to boost its oil production quota in line with some of the other members, sources in ...
Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices
President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into pri ...
Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg reported today, citing unnamed tradin ...
Natural Gas Prices Set to Ease as Qatar Restores LNG Output
Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said. “If we assume that the ...
Global Battery Storage Boom Is A Boon for Tesla
Global battery storage installations are booming, and so is Tesla’s utility-scale battery business. Tesla has just signed a multi-year supply and execution agreement with clean energy infrastructure p ...
Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs
Norwegian petroleum production eased in May after April's exceptionally strong performance, but the country's offshore sector continued to outperform expectations. Crude oil production came in 7.2% ab ...
Trade Is Slowly Opening One of the World's Most Isolated Nations
Azerbaijan is working hard to coax Turkmenistan out of its shell and integrate Ashgabat into trans-Caspian trade routes. Azerbaijani leader Ilham Aliyev exchanged a variety of trade-related agreements ...
Canada Building West’s First Grid-Scale SMR
Construction has begun on the Western world’s first grid-scale Small Modular Reactor (SMR), though small is not what comes to mind, considering that the machine will fit on two soccer fields. Accordin ...
Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch
Russia should require its oil companies to refine at least 30% of their crude domestically to ease the fuel supply crunch, according to Igor Sechin, chief executive of Russia’s state-controlled firm R ...
Trump’s Nuclear Gamble Aims to Reshape the U.S. Power Grid
With hyperscalers set to spend roughly $800 billion on data-center capex this year alone, alongside reshoring and broader grid electrification, baseload power demand is poised to surge. We have made t ...
Moscow Refinery May Stay Offline Until 2027
The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensive structural damage from multiple strikes by Ukraine’s long-range drones, dealing a further blow to ...