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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...
Emergency Oil Releases Risk Draining the World’s Last Supply Cushion
Earlier this week, the International Energy Agency, after consulting with G7, said it would release ...
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...
$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now
In September, Google walked away from a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down. It wasn’t an ...
Bahrain and Kuwait Restore Power After Iranian Attacks
Kuwait and Bahrain have started to restore power to residential areas following Iranian strikes on the two Gulf nations in retaliation for U.S. strikes on Iran in the latest conflagration in the Middl ...
The Next Oil Price Spike Could Come Sooner Than Traders Think
Oil prices have dropped back to pre-war levels since the United States and Iran agreed to negotiate a deal under a framework that included the reopening of the Strait of Hormuz. With oil flows out of ...
US Crude Oil, Product Inventories Fall Even As Hormuz Traffic Begins to Flow
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 399,000 barrels in the week ending July 3. In the week prior, US crude oil inventories fell by ...
Geopolitical Risk Returns as Drone Strikes Hit Hormuz Shipping
Drone strikes in the Strait of Hormuz lifted oil prices as geopolitical risks resurfaced, even as weak physical crude markets continue to weigh on sentiment. Saudi Arabia Slashes Its Way Back Into Asi ...
Six Key Issues to Watch at NATO’s Ankara Summit
NATO leaders are meeting in the Turkish capital, Ankara, for the alliance’s annual summit on July 7-8 in the shadow of the Iran war and American complaints that not all European allies are pulling the ...
Russia’s Oil Windfall Vanishes as Urals Crashes to $42 a Barrel
Russian crude oil prices have fallen back to where they were before the Middle East war, with its flagship Urals averaging just $41.66 a barrel during the first three days of July. The drop wipes out ...
Starmer Out, Burnham In: What Changes for UK Energy Policy?
With Kier Starmer stepping down as the United Kingdom’s Prime Minister (PM), it looks increasingly likely that Andy Burnham, who is known as the “King of the North”, will take his place as the leader ...
Dip in U.S. LNG Imports to EU Spells Trouble for Trade Deal
For two years, the European Union has been the biggest regional buyer of U.S. liquefied natural gas. Sanctions on Russia, including a ban on LNG purchased from 2027, have prompted the pivot, actively ...
Colombia's Oil and Gas Reserves Keep Shrinking
For a decade, Colombia's economically vital oil industry has been caught in a death spiral. A combination of sharply weaker oil prices, rising geopolitical risk and anti-petroleum industry reforms imp ...
Oil Markets Grow Numb to U.S.-Iran Ceasefire Drama
Oil prices remain stuck in a tight range as traders look past geopolitical headlines and wait for clarity on the fragile U.S.-Iran ceasefire. Friday, July 03, 2026 Following weeks of extremely volatil ...
Japan's Top Oil Refiner Eyes a Post-Hormuz Future
Japan’s biggest oil refiner, Eneos Holdings, will likely move to diversify its crude supply from a heavy dependence on the Middle East in the wake of the shock disruption of flows through the Strait o ...