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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...
Nato should prepare for deadly Russian ‘hybrid’ attack, says Poland
Foreign minister Radosław Sikorski says risk of casualties is rising as Moscow escalates sabotage ca...
Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure
Iran has made a new gas discovery in the southern province of Fars, with the oil ministry reporting estimates of 7.5 trillion cubic feet of gas, of which 73% is recoverable, or 5.7 trillion cu ft. Ira ...
Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business
Exxon is in the running for Shell’s U.S. chemicals business that could fetch $8 billion, the Financial Times reported today, citing unnamed sources familiar with developments. The U.S. supermajor is c ...
Hormuz Tanker Traffic Slumps as U.S. and Iran Trade Threats
Tanker traffic via the Strait of Hormuz remained weak over the weekend, with fewer than 20 vessels traversing the chokepoint as Iran and the United States traded threats again. Some 13 tankers passed ...
Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’
Oil prices fell by more than 2% in early Asian trade on Monday as traders took profits and markets awaited details of a new U.S. sanctions package against Iran. At the time of writing, WTI futures wer ...
Diesel Crisis Threatens to Outlast the Middle East War
The outlook for the Middle East war remains grim, the U.S. just threatened Iran with the “toughest sanctions in history,” and the world is running out of stored fuels. To make matters worse, refining ...
Pemex and Petrobras Bet Big on High-Risk High-Reward Drilling Off Mexico
Mexico’s state oil firm Pemex and Brazil’s national oil company Petrobras are joining efforts and expertise to drill prospects in Mexican waters in the Gulf of Mexico, hoping to unlock huge oil resour ...
Underwater Volcanoes Are Geothermal Energy’s Next Frontier
A Seattle startup is seeking to revolutionize geothermal energy by tapping into undersea volcanoes. In September, a 100-kilowatt geothermal generator will be deployed to the seafloor off Oregon’s coas ...
Europe Dodges a Rhine Crisis for the Worst Possible Reason
The Rhine has slightly risen from its mid-August record low (when Kaub’s water level gauge – at the river’s decisive chokepoint – was below 10 cm), but the relief is mostly optical. Barges still canno ...
The Gas Turbine Shortage Just Became AI’s Biggest Constraint
Order a heavy-duty gas turbine from GE Vernova today and it won’t arrive until 2031. That’s the company’s actual production schedule, confirmed on its July 22 earnings call, and it’s the fact sitting ...
Clean Energy Spending Tracking Toward Record $180 Billion in 2026
Donald Trump is accidentally overseeing a massive buildout of the country’s renewable energy capacity and infrastructure. Not only are investments in renewable technologies soaring to new highs, the n ...
Every Chokepoint That Isn't Hormuz
For six months the entire conversation about oil logistics has been about one strait, and you can hardly blame anyone for that. Hormuz has been effectively closed since late February, when the war bet ...
IEA: Southeast Asia Needs Grid Investment to Nearly Quadruple by 2050
Southeast Asia needs to invest heavily in upgrading and modernising its transmission networks if countries across the region hope to deploy larger quantities of renewable energy over the next decade. ...