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While the Middle East Rebuilds, A New Energy Bloc Rises Under U.S. Direction

It will take many months for Middle East gas and oil volumes to fully recover from the U.S./Israel-Iran conflict, even …

Iran War Triggers Helium Shock Threatening Global Chip Supply

Last month, QatarEnergy declared force majeure on long-term liquefied natural gas (LNG) contracts to buyers in Europe and Asia following …

First Loaded Crude Supertanker Clears Hormuz Without Using Larak Channel

Following the Mubaraz LNG tanker's exit from the Hormuz chokepoint in recent weeks, the first such transit since the conflict …

Crude Inventories Continue to Decline Amid Strong Oil Product Draws

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million barrels in …

Here's everything to expect when the Fed issues its latest interest rate decision Wednesday

In what could be Jerome Powell's final meeting as Fed chair, he and his fellow policymakers are likely to continue …

Aramco Deepens Push Into AI and Advanced Technologies

Saudi Arabia’s energy giant Aramco is best known for its energy investments, but the company is also busy diversifying across …

UK Borrowing Costs Hit Highest Since 2008 as Oil Tops $111

The government’s borrowing costs have risen to their joint highest level since the 2008 financial crisis, after a sharp jump …

Germany Scrambles for Polish Oil Route as Russia Halts Druzhba Flows

Germany is hunting for solutions to reroute crude oil supplies to the PCK Schwedt refinery after Russia said it would …

Higher Oil Prices Lift Sinopec Profit 28% in First Quarter

China’s top refiner posted a strong first quarter as higher crude prices lifted inventory values and stable domestic fuel sales …

Iran Reactivates Derelict Tanker as Kharg Island Nears Storage Limit

Trump's blockade is having a predictable effect on Iran's economy and oil industry, with reports that the regime is scrambling …

The Ever-Expanding Legal Battle Over Enbridge's Line 5 Pipeline

Active lawsuits in Michigan and Wisconsin are targeting sections of Enbridge’s Line 5 pipeline over environmental concerns in a complex …

EU Urges Southeast Asia to Diversify Oil Supply without Leaning on Russia

The European Union would prefer Southeast Asian countries to diversify their oil supply by buying oil from producers other than …