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Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass ...
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discu...
IMF Warns Middle East War Could Derail Global Economic Growth
The energy crisis sparked by the war in the Middle East remains the biggest risk for the global econ...
Abqaiq Is a Warning That Oil Markets May Be Misreading
While the dust is settling and facts emerge, it is clear that the latest attack on Saudi Aramco's Abqaiq oil-processing complex is rapidly becoming one of the most consequential energy developments of ...
Why Trump’s Trade Threat Puts Spain’s Energy Security on the Line
Donald Trump’s July 8 order to halt trade with Spain has yet to become an energy embargo, but Madrid can no longer dismiss it as political theatre. It was the second such threat since March 2026, this ...
Exxon and Chevron’s $26.5 Billion Quarter Draws Trump’s Ire
ExxonMobil and Chevron made a combined $26.5 billion in the second quarter after producing more oil, refining more fuel, and selling all of it into a market scrambled by war. Washington is investigati ...
What Kyrgyzstan Wants From the UN Security Council
Kyrgyzstan’s election to a two-year term on the United Nations Security Council came after a diligent campaign to gain support for its candidacy. It means a Central Asian state will have a seat on the ...
US Oil Drillers Turn Cautious as WTI Holds Near $85 per Barrel
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 588 ...
Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume
Ukraine has struck one of Russia’s biggest refineries, Lukoil’s Volgograd processing facility, the Ukrainian forces said on Friday as they resumed attacks on Russian refining capacity. The Volgograd r ...
Saudis Push Maritime Coalition as Oil Finds Support
Brent is set for an 8% weekly loss, but ongoing disruptions in the Strait of Hormuz and the Red Sea continue to support oil prices near $90 a barrel. Friday, July 31, 2026 Oil prices are set for an 8% ...
Ukraine Is Now Targeting Iranian Shipping in the Caspian Sea
Iranian-designed drones have wreaked havoc for Ukrainian forces battling Russian troops as Moscow took Tehran's technology and ran with it, supercharging production and deploying drones in devastating ...
China's Solar Capacity Set to Overtake Coal This Quarter
China will have more installed solar power capacity than coal-fired generation capacity as early as this quarter, Chinese authorities have said. As of the end of June, solar power capacity stood at 1, ...
Global Coal Consumption Hits Record Even as Coal Power Declines
Global coal consumption reached another record in 2025, seemingly contradicting years of discussion about phasing out the world’s most carbon-intensive fossil fuel. But the headline number does not te ...
Shell Sells Cyprus Gas Stake to MOL for $720 Million
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus Ltd to MOL Group of Hungary for $720 million, as the UK-based oil and gas supermajor targets to grow its LNG value chain. Shell on Friday ...
Oil Prices Inch Higher as Iran Strikes U.S. Bases in Kuwait and Bahrain
Iran on Friday claimed it launched attacks on U.S. military assets in Bahrain and Kuwait amid the latest re-escalation of hostilities in the region, which dashed the hopes from early this week that th ...