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Moscow Refinery May Stay Offline Until 2027
The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensiv...
JPMorgan raises S&P 500 target to 7,800, but warns of 'flash crash'
JPMorgan ups its S&P 500 price target for year-end, but warns of a possible 'flash crash' ahead....
Russia, China, and Iran Are Joining Forces Against Western Pressure
Russia, China, and Iran are increasingly creating a strategic alliance of convenience that US policymakers must confront as it seeks to disrupt global order, according to a group of US experts and for ...
Rising Energy Bills Are Fueling a Global Home Battery Boom
Consumers are battling higher energy bills worldwide due to rising inflation and greater price volatility of oil and gas, driven by significant restrictions on energy trade through the Strait of Hormu ...
The Oil Market Could Be Weeks From a Breaking Point
Three and a half months after the blocked Strait of Hormuz created the worst oil supply disruption in history, oil prices remain below $100 per barrel amid hopes of an imminent U.S.-Iran deal. It’s no ...
China's Fusion Reactor on Track for Ignition by 2027, Threatening U.S. Lead
China is working toward a major nuclear fusion milestone that will put it leagues ahead in the global race to unlock the ‘holy grail’ of clean energy. The Experimental Advanced Superconducting Tokamak ...
The Hidden Supply Chain Behind Every SpaceX Launch
Ahead of the SpaceX IPO, Rothschild & Co Redburn analyst Tony Jones published a note on space propellant economics and identified an industrial-gases giant that is well positioned to dominate the mark ...
U.S. and Uzbekistan Deepen Economic Ties With New Investment Pact
The United States and Uzbekistan are working to expand business-to-business contacts with the aim of expanding US trade and investment in some key economic sectors, including mining, energy, IT, agric ...
Pace of US Oil Drilling Inches Up
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 563 ...
U.S. Military Helping Move 7 Million Bpd Out of Persian Gulf, Wright Says
U.S. Energy Secretary Chris Wright just gave the market a number that helps explain why Brent crude isn't trading at $150 per barrel. Speaking at a Bloomberg Energy event in Houston on Friday, Wright ...
A War of Words Sends Brent Crude to a Two-Month Low
Oil prices slid to a two-month low as conflicting signals from Washington and Tehran fueled uncertainty over a potential U.S.-Iran deal, keeping traders on edge throughout a volatile week. Friday, Jun ...
Europe Wary Of Too Much Dependence on U.S. LNG
European buyers aren’t committing to long-term LNG supply agreements with U.S. exporters despite the ongoing EU phase-out of Russian gas imports and the supply crisis in the Middle East. U.S. develope ...
Nigeria's Crude Oil Production Hits 15-Month High
Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed. N ...
Trump Says Iran Peace Deal Could Be Signed Within Days
US President Donald Trump has claimed that a "great settlement" has been reached with Iran to end the Middle East war and that the agreement could be signed as early as this weekend, possibly in Euro ...