Energy Market News & Updates
Stay informed with the latest developments in the global petroleum market. We curate essential news covering price fluctuations, geopolitical impacts, and supply chain shifts.
Electrifying Ambitions Meet Tough Reality in Europe
European Union leaders are among the most enthusiastic proponents of maximum electrification to reduce dependence on imp...
Nvidia Without Huang: What a Pause in AI Deals Means for Metals
Copper slid to its lowest in almost four months on Friday and was heading for a fifth straight weekly loss, with traders...
Iran War Accelerates Southeast Asia’s Renewable Energy Push
Several countries in Asia have recognised the need to accelerate the deployment of renewable energy to reduce reliance o...
Singapore Makes a $65 Billion Bet on the Future of Gold
For three years, the gold story was about who was buying. In 2026, it has become a story about where the metal sleeps at...
America’s Offshore Wind Industry Is Growing Despite Trump’s Crackdown
The United States was slow to embrace offshore wind, with its first small-scale commercial wind farm coming online in 20...
Iran Braces for a Budget Without Oil Revenue
Iran is drafting next year’s budget under the premise that oil revenue could fall to zero, with senior budget official M...
Will the Senate's BAAJA Bill Let AI Giants Outmuscle Utilities?
Yesterday the US Senate approved a preliminary version of a bill, the Bipartisan Affordability and Jobs Act, commonly re...
Trump Extends Jones Act Waiver For Another 90 Days
President Donald Trump extended the Jones Act waiver for another 90 days on Friday, keeping foreign-flagged tankers elig...
Beijing Turns to Soft Power as Washington Expands Central Asia Ties
China is responding to a successful US push to raise its trade profile in Central Asia by launching a far-reaching infor...
Germany Eyes €4 Billion Buyout of RWE and E.ON’s Urenco Stake
Germany’s government plans to buy RWE and E.ON’s one-third stake in uranium enrichment company Urenco for up to €4 billi...
U.S. Oil Rig Count Holds at 463 as Crude Output Hits Another Record
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that...
Iraq’s Oil Production Soars to 2019 High as Hormuz Flows Surge
Iraq’s crude oil production hit 4.6 million barrels per day (bpd) in October, the highest since 2019, data from the Inte...
Brent Crude Climbs Back Above $96 as Iran Tensions Escalate
Oil prices bounced back in early trading on Friday as geopolitical risk returns and optimism surrounding potential peace...
India's Road Fuel Demand Won't Peak Until 2034
India’s fuel demand for road transportation is nearly a decade away from peaking despite rising sales of electric two- a...
Germany Is Dismantling a Nord Stream Power Plant for Ukraine
A power plant built at the landfall of the Nord Stream gas pipelines in northeastern Germany was shut down after the pip...