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China’s growing debt burden limits space for economic stimulus
Mounting interest payments restrict headroom to revive domestic demand, say experts...
US hits commercial tanker in Gulf of Oman as tensions flare
The ship tried to break through America’s naval blockade of Iranian ports, Central Command says of i...
Tanker Rates Soar to Record as Oil Crisis Becomes Shipping Crisis
The cost of shipping crude oil soared to record highs last month as the Iran war reshuffled trade ro...
Oil Markets Stop Believing Trump’s Peace Narrative
Fresh strikes on Kuwait and Oman undermine hopes of a U.S.-Iran de-escalation, keeping oil markets on edge and traders skeptical of diplomatic progress. Friday, June 05, 2026 This week’s strikes on Ku ...
Trump Auction Opens Arctic Refuge Drilling Rights for First Time Ever
The Trump Administration is holding its latest lease sale in Alaska on Friday in a test for investors and environmentalists as the auction comprises tracts in the Coastal Plain of the Arctic National ...
Trump Floats Meeting Iran's Supreme Leader, But Only If There's A Deal
US President Donald Trump said the United States will win the conflict with Iran either "militarily or on paper," referring to the fitful negotiations with Tehran, and he suggested he could meet with ...
Australia's 344-Million-Barrel Oilfield Could Finally Get the Green Light
After years of delays, Australia's largest undeveloped oil project could progress to a final investment decision in 2027 as the energy crisis amid the Iran war has heightened the need of homegrown res ...
UK Conservatives Blast Labour North Sea Ban as 'Utter Madness'
The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s relianc ...
EU Says No Jet Fuel Shortage Coming Despite Middle East Supply Loss
Shortages of jet fuel are not looming over Europe despite the shock loss of supply from the Middle East and soaring prices, according to EU Sustainable Transport and Tourism Commissioner, Apostolos Tz ...
Malaysia's Oil Production Fell 5.5% in Q1
Malaysia's crude and condensate production dropped by 5.5% from a year earlier to 43 million barrels in the first quarter of 2026, due to a slump in crude output, the Department of Statistics Malaysia ...
Norway Averts Offshore Strike as Workers and Industry Reach Deal
Norway has narrowly avoided a strike at offshore oil platforms after trade unions and oil companies reached an agreement on wages in the early hours on Friday. The potential strike over wages could ha ...
Indian Companies Eye Venezuelan Oil Fields as Imports Surge 51% in a Month
Indian energy companies are interested in expanding into Venezuelan oil, New Delhi’s top energy official Hardeep Singh Puri said today at a meeting with Venezuela’s interim president Delcy Rodriguez i ...
Japan Plans to Replace Up to 14 Nuclear Reactors by 2050
Japan's government is making long-term plans for replacing up to a dozen nuclear reactors by 2050, to secure its electricity supply, with two to five of these to be rebuilt by the 2040s, the country's ...
Oman Oil Terminal Attack Rattles the Market's Last Calm Corner
Media reports about a blast disrupting oil loadings at Oman’s main terminal pushed benchmark prices higher earlier today, in the latest sign that any hopes about an end to Persian Gulf hostilities is ...
North Dakota Chases A Second Bakken Boom Through Enhanced Recovery
North Dakota’s elected officials are pushing hard to deploy Enhanced Oil Recovery (EOR) technologies to boost oil production in the Bakken before Donald Trump's tenure as president expires. The Trump ...