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Hormuz closure strands almost 1,200 cargo ships with $125bn worth of goods
‘Unprecedented’ blockade of the strait raises concerns about the future of global maritime trade, sa...
Why the Next Billion Barrels of Oil Demand Could Come From Storage
The closure of the Strait of Hormuz and the stranding of more than 10 million barrels per day (bpd) ...
Nasdaq closes down more than 2% as global tech sell-off deepens
Global stocks extended losses on Tuesday in a sell-off driven by chipmakers and other tech companies...
Iraq Is Keeping Its Syria Oil Route—Even If Hormuz Reopens
Nobody, especially not Iraq, wants to be caught relying on Hormuz ever again. Iraq is preparing to export crude oil and naphtha through Syria's Mediterranean port of Baniyas, expanding an emergency wo ...
China Is Taking Its AI Boom Under the Sea
The data centre industry has taken off in the last few years, as tech companies look to develop the massive computing power needed to run complex operations, such as artificial intelligence. Thousands ...
Why Small Modular Reactors Are Becoming a National Security Priority
For decades, energy policy in Washington was debated on the basis of economics, climate change, and domestic politics. That era is over. The United States is entering a period where energy security mu ...
The U.S. States Leading the Backlash Against Data Centers
Several U.S. states are concerned about the rapid expansion of data centres, as consumers pressure legislators to address rising utility bills and other energy concerns. Data centres are expected to b ...
Solar Is the Cheapest Power in History, But States Are Retreating From It
A high-stakes push-and-pull is taking place in the United States clean energy sector as state-level laws, federal-level policy, and that infamous invisible hand all tug in different directions. A stag ...
Why Lunar Helium-3 Mining Still Can't Compete With Earth
When it comes to Helium-3, the biggest cost divide is between Earth and the Moon. Potential sources range from tritium decay and terrestrial helium wells on Earth to lunar regolith on the Moon. Today, ...
The Real Reason BP Is Retreating From the North Sea
BP is still considering a sale of all or part of its UK upstream portfolio, which could fetch around £2 billion ($2.7 billion), though talks of a sale to Ithaca Energy fell through earlier this month, ...
Israel and Hezbollah Truce Gives Oil Markets a Reason to Pause
The Middle East's latest peace deal just got a peace deal of its own. Israel and Hezbollah agreed Friday to halt fighting in southern Lebanon after days of escalating clashes threatened to derail the ...
Russia Is Rationing Fuel in Moscow After Drone Strikes
Russia, one of the world's largest oil producers and exporters, is now rationing gasoline in its own capital. After months of increasingly successful Ukrainian drone strikes on Russian oil infrastruct ...
Kuwait Says Oil Output Could Hit 2 Million Bpd Within a Week
Kuwait expects to raise its oil production to 2 million barrels per day (bpd) within a week, up from an average of 573,000 bpd in May, amid the reopening of the Strait of Hormuz. This estimate was giv ...
Why Oil Prices Are Falling Even as Tankers Remain Trapped
Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire. Friday, June 19, 2026 The signing of the US-Iran ceasefire agreement might pro ...
Equinor to Boost Troll Gas Output with $412 Million Subsea Development
Equinor and its partners in the Troll gas field have decided to invest more than $400 million in a new subsea development to boost gas production from the huge Norwegian gas field in the North Sea. Eq ...