Latest Articles
Airstrikes Pause as US and Iran Weigh Diplomatic Off-Ramp Amid Strait of Hormuz Crisis
After nearly two weeks of US bombing, a pause in airstrikes and intensifying talks raise hopes for de-escalation—but con...
Saudi Oil Exports Pivot to Suez as Red Sea Attacks Escalate
Houthi attacks on tankers in the Red Sea force Saudi Arabia to reroute millions of barrels through the Suez Canal, strai...
China’s Crude Oil Imports Plunge 41% in June, Deepening the Demand Shock
China’s monthly crude imports collapsed to a decade-low in June, marking a fourth straight monthly drop. The slump is sh...
Egypt's Grid Hits 39.6 GW Peak but No Return to Load Shedding, Ministry Says
A record summer demand of 39,600 MW did not trigger power cuts thanks to expanded capacity and grid upgrades, according ...
Strait of Hormuz Reopening Now Seen Pushed to 2027, Analysts Warn, Prolonging Oil Supply Disruption
Kpler analyst Matt Smith says the Strait of Hormuz is unlikely to reopen before 2027, keeping 15 million b/d of crude of...
U.S. Diesel Benchmark Jumps 33.8 Cents, Second-Largest Surge Since Iran War Started
The key U.S. diesel price used for most fuel surcharges surged again, driven by war-related supply disruptions and a sev...
Russia Extends Gasoline Export Ban Through 2026 as Ukrainian Attacks Strain Refineries
Moscow extends its gasoline export ban to the end of 2026, citing domestic fuel shortages and Ukrainian drone strikes on...
Russia’s Fuel Crisis Eases as Refineries Restart but Siberia Remains Under Pressure
Deputy Prime Minister Alexander Novak says fuel supply is gradually stabilizing after government intervention forced ref...
Tyumen Refinery Fire After Drone Strike Deepens Russia’s Fuel Strain
A blaze at the Tyumen refinery, reportedly sparked by a drone, threatens to prolong Russia’s fuel export ban and supply ...
Oil Traces in Shell’s Deepwater Well Raise Hopes for First Western Mediterranean Crude Discovery
The Velox-1X well off Egypt’s coast has encountered crude oil, potentially marking the first oil find in the vast undere...
Russia Forced to Import Gasoline After Ukrainian Strikes Hobble Its Refineries
Ukrainian drone attacks have cut Russia’s refining capacity by 40%, forcing Moscow to buy gasoline from India and Belaru...
Environmental Groups Sue Army Corps Again Over Pipeline Permit That Skirts Species Review
A coalition of conservation groups filed a federal lawsuit challenging the Army Corps of Engineers’ reissued Nationwide ...
BasiGo and Rubis Energy Kenya Partner to Expand EV Fast-Charging Network, Opening Intercity Corridors
The first public fast-charging station from the BasiGo–Rubis tie-up is now live in Athi River, offering KES 48/kWh rates...
China Sets Ambitious 2030 Renewable Energy Targets in New Five-Year Plan
Beijing’s 2026–2030 renewable energy roadmap targets 3.5 TW of installed capacity and 6 trillion kWh of annual generatio...
Oil Tops $100 as Explosions Rock US Base in Iraq and Strikes Hit Iran
A fresh wave of explosions near a US base in Irbil and escalating US strikes across Iran pushed Brent crude past the $10...
Renewables Top 30% of US Electricity Generation, Solar and Batteries Drive Record Expansion
New EIA data shows renewable sources generated 30.4% of U.S. electricity in Jan–May 2026, up 10.1% year-on-year. Solar g...
DOE Offers $65.5M for R&D to Cut Flaring, Modernize Oil and Gas Infrastructure
Federal funding aims to boost domestic production by converting stranded resources, improving infrastructure reliability...
Russia Imports Gasoline from India and Belarus as Drone Strikes Cripple 40% of Refining Capacity
After Ukrainian drone attacks cut Russia's refining output by an estimated 40%, Moscow has turned to imports from India ...
U.S., Saudi Arabia Ink Historic Nuclear Partnership, Opening Door for American Reactor Exports
A new 123 agreement grants U.S. firms privileged access to Saudi Arabia’s nascent nuclear energy program, advancing non-...
Oil Prices Soar to Six-Week High as Iran and Houthis Threaten Key Shipping Lanes
Brent crude jumped to $96.27 after Iran claimed to mine the Strait of Hormuz and Houthi rebels blockaded Saudi oil in th...
DOE’s Genesis Mission Tops $800 Million in Partner Commitments for AI-Driven Science
The U.S. Department of Energy’s Genesis Mission, an initiative to double scientific productivity with AI, has secured ov...
ASEAN Renewables Are Far More Resilient to Climate Shocks Than Fossil Fuels, Report Finds
Distributed renewable energy networks with battery storage and grid interconnection can withstand disasters better than ...
Kremlin Says Measures to Stabilize Russian Fuel Market Are Working
Government interventions including a gasoline and diesel export ban and tax incentives are easing domestic fuel shortage...
U.S. Refiners Push Diesel Output to Record July High as Global Supply Crunch Bites
American refiners are on track to produce the most diesel ever for a July, but low stockpiles and strong exports raise t...
Iran's IRGC: Southern Hormuz Route Mined; US Threatens Infrastructure Strikes
Tehran declares the southern lane of the Strait of Hormuz mined, while Washington vows to destroy Iranian bridges and po...
Batista Brothers Acquire Stake in Venezuelan Oil Venture as Sanctions Ease
The Batista family’s Fluxus Oil & Gas has taken a 49% share of the Petrolera Roraima joint venture with PDVSA, betting o...
Trump Threatens to Destroy Iranian Bridge or Power Plant per Hormuz Ship Attack
US President says retaliation will target civilian infrastructure including in Tehran, risking wider war and disruption ...
QatarEnergy extends LNG force majeure to mid-October, squeezing global supply
The Qatari state giant is telling Asian and European buyers to brace for further shipment cancellations through mid-Octo...
Brent Hits $95 as Dual-Strait Crisis Shakes Oil Trade Routes
Brent crude surged 4.2% to nearly $95 a barrel after U.S. strikes on Iran and Houthi threats against Saudi shipments rai...
Pentagon Says US War in Iran Has Cost $37.5 Billion as Oil Shipping Faces Houthi Blockade Threat
Rising war costs and a Houthi naval blockade are disrupting tanker traffic through the Strait of Hormuz, putting oil pri...