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Lufthansa Cancels Unprofitable European Summer Routes to Save Jet Fuel

Lufthansa Group will remove a total of 20,000 short-haul flights from its European summer schedule, Europe’s biggest airline said as …

UK, France Lead 30-Nation Military Push to Reopen Strait of Hormuz

The UK will host on Wednesday and Thursday a two-day multinational conference convening military planners from more than 30 countries …

Oil Flows via Druzhba Set To Restart Today

The flow of crude oil via the Druzhba pipeline from Russia to Germany will restart today, Reuters is reporting, citing …

Trump Extends Iran Ceasefire While Maintaining Naval Blockade

As the clock ticked toward the end of a two-week cease-fire, US President Donald Trump announced he was unilaterally extending …

Australian State Bets on Biodiesel To Reduce Reliance on Oil

Australia's state of Queensland will pour A$25 million in biodiesel production project in a bid to reduce its reliance on …

Global Oil Inventories Drift Toward Record Lows

Global crude oil inventories are approaching a record low as the war in the Middle East continues, decimating tanker traffic …

China’s Oil Giants Begin Selling Crude as Refinery Cuts Deepen

The trading arms of some of China’s biggest state-owned oil giants have started selling crude for May loadings in a …

Trump Weighs Extending the Jones Act Waiver to Ease Fuel Prices

U.S. President Donald Trump is considering extending the two-month waiver of the Jones Act to ease fuel prices that have …

Iran’s Covert Oil Trade Persists Despite U.S. Blockade

Iran continues to export its oil out of the Persian Gulf via the Strait of Hormuz using dark mode on …

Trump Extends Iran Ceasefire Until Talks Conclude “One Way or the Other”

At the request of Pakistan, U.S. President Donald Trump is extending the U.S.-Iran ceasefire until negotiations with Iran conclude one …

Iraq Turns to Risky Overland Routes as Oil Exports Collapse

Iraq has been facing a critical oil export crisis since tanker traffic through the Strait of Hormuz largely seized up. …

Texas Power Demand Could Quadruple by 2032, ERCOT Warns

Peak demand in the Electric Reliability Council of Texas (ERCOT) territory could more than quadruple to 367,790 MW by 2032, …