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Dow Surges Over 300 Points, Crude Oil Hits Over 3-Month Lows Amid Iran Deal Talks — Bessent Issues 60-Day Authorization For Iranian Oil Sales
The S&P 500 index gained about 0.3%, while the Nasdaq Composite edged up by 0.08%....
U.S. oil prices fall below $74 a barrel on 60-day pause on Iranian oil sanctions
Oil prices fall on hopes that more Iranian crude will hit the global market as supplies near critica...
Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher
Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave...
OPEC Oil Production Falls to Lowest Level Since 2000
Crude oil production among members of OPEC has this year collapsed to a generational low, at just 16.13 million barrels daily, Reuters reported, citing a regular survey it conducts on OPEC production. ...
Oil Prices Spike as Iran Declares Strait of Hormuz Closed
Oil prices surged again in early Asian trade on Thursday after Iran declared the Strait of Hormuz closed following a fresh round of U.S. strikes on the country. At the time of writing, Brent crude had ...
Scientists Create Giant Fire Tornadoes To Clean Up Oil Spills
Oil spills are some of the most destructive forms of marine pollution known to man, thanks to their acute toxicity and ability to devastate marine habitats. The BP Plc. (NYSE:BP) Deepwater Horizon spi ...
Algeria’s Gas Advantage Is Real. So Are Its Production Problems.
Algeria’s 2026 hydrocarbon bidding round is arriving at a moment when timing may matter as much as geology. Oil and gas prices have been lifted by the prolonged Middle Eastern crisis, Europe is still ...
Traders Are Shorting Oil As If The Hormuz Crisis Is Over
In yet another sign that the paper oil market may be too complacent about the magnitude of the supply disruption in the Middle East, trades have been boosting their short positions in oil futures for ...
The World's Biggest Battery Maker Is Turning Away From EVs
As global energy markets change, companies along the electric vehicles manufacturing supply chain are rushing to expand and diversify. The Trump administration’s stance on clean energy and aggression ...
Oil Prices Are Up. Investment Isn't Following
When the International Energy Agency issued its 2026 outlook on energy investment, it had a surprise for its audience, predicting a decline in oil investment, instead of an increase, as the current pr ...
Germany's Big LNG Deal With Canada May Never Deliver a Single Cargo
The Iran war has made supplies of liquefied natural gas, or LNG, the most strategic since Russia’s invasion of Ukraine in 2022. Suddenly, countries are scrambling to get their hands on molecules that ...
Central Asia Emerges as a New Front in the Minerals Supply Chain Battle
US and Central Asian officials will meet June 11-12 in the Kazakh capital Astana to explore deals concerning the mining and processing of critical minerals. The gathering marks a step forward for the ...
Energy Prices Drive U.S. Inflation To Three-Year High
U.S. inflation climbed above 4% for the first time in three years in May as rising energy costs tied to the Iran war pushed consumer costs sharply higher, with the Consumer Price Index rising 0.5% fro ...
China Unveils Nuclear-Powered Floating Hub for Zero-Emission Shipping
China has proposed a large offshore logistics platform powered by nuclear energy that would function as both a cargo transfer hub and a refuelling/charging centre for ships, according to the South Chi ...
Hormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain
Malaysia is looking to diversify its crude sourcing with supply from the U.S., South America, and Africa as the Hormuz crisis has choked off its key Middle Eastern deliveries, Malaysian Economy Minist ...