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.
Inside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil
Whatever officially occurs next in the on-again/off-again negotiations towards a peace deal between the U.S. and Iran, u...
Alaska’s $55B LNG Mega-Project In Talks With More Buyers Ahead Of FID
Two years ago, Alaska LNG was struggling to secure the private financing needed to move forward, with high Arctic constr...
Sodium-Ion Batteries Gain Ground as Lithium Alternative
Batteries have been a hot topic for years amid the energy transition rush of many governments, but now, it has become ev...
Middle East War Pushes China Toward the Arctic Trade Route
The Middle East conflict and the heightened threats to shipping in the Red Sea have prompted China to boost the use of t...
US Crude Oil Inventories See Surprise Build: API
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 9.072 million b...
Strait of Hormuz Traffic Sank To Just Six Vessels Monday
Vessel traffic at the Strait of Hormuz continues to decline as last week’s hopes of negotiations of a U.S.-Iran deal beg...
Armenia-Azerbaijan Peace Plan Stalls One Year After Washington Breakthrough
One year after the signing of a provisional peace deal in Washington, DC, American, Armenian, and Azerbaijani officials...
China's Coal-to-Gas Industry Set to Triple by 2030, Rystad Says
As nations race to cut import exposure to geopolitical tensions, China is building the world’s only large-scale coal-to-...
Iran Says Hormuz Will Stay Closed Until U.S. Meets Its Conditions
Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s...
Gold Nears Two-Month High Ahead of Wednesday's CPI Report
Gold pushed toward $4,450 an ounce Tuesday, its best level in about two months, as a stalled U.S.-Iran deal to reopen th...
Russian Crude Exports Drop to Lowest Since May
Russia’s seaborne crude exports fell to their lowest level since May as recovering refinery runs pulled barrels back int...
IEA Numbers Point to a Two-Speed Recovery in Global Fuel Prices
Five months after the U.S. and Israel opened a war with Iran, global fuel markets still haven't settled down, and the la...
France's Power Prices Jump 22% as Heatwave Trims Nuclear Output
The new heatwave in France is curbing nuclear power generation in Europe's biggest nuclear electricity supplier and lead...
Brent Could Hit $100 as Hormuz Crisis Flares Again
Hormuz tensions are flaring again as Iranian exports collapse, pushing Brent toward $87 and raising the risk of another...
Ukraine Drone Attack Hits Major Oil Refinery Deep Inside Russia
Ukraine’s military claimed another drone attack on an oil refinery in Russia in the early hours on Tuesday as Ukrainian...