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Philippines fears China may move to seize full control of disputed atoll
Defence secretary warns of heightened Chinese military activity around Scarborough Shoal...
Warsh’s push to axe Fed guidance may lift US borrowing costs, investors warn
Traders see more volatility ahead as new central bank chair declines to give dot plot on future path...
80 Million Barrels of Crude Are Lined Up to Exit the Strait of Hormuz
Tankers carrying a total of 80 million barrels of crude are preparing to move through the Strait of Hormuz after the signing of the preliminary deal between the United States and Iran, Bloomberg repor ...
Europe Has Entered The Nuclear Golden Age Amid AI Boom
Nuclear power is experiencing a massive revival across Europe, with the regulatory environment shifting decisively in its favor thanks to surging electricity demand from the AI and data center boom, c ...
First Oil Sands Project in 10 Years Starts Production
The first new oil sands project in Alberta since 2014 has started commercial production, aiming for a daily average of 80,000 barrels once it ramps up. The Blackrod project, led by International Petro ...
Court Ruling Deals Major Blow to Trump's War on Wind Power
Donald Trump has been battling wind turbines in the court of public opinion and in actual court for over a decade now. Trump has railed about “windmills” repeatedly over the course of his presidential ...
Germany Considers Extending Oil Reserve Relief Despite Falling Prices
Germany may be getting cold feet about ending its oil reserve waiver. Berlin said this week it is considering extending a temporary reduction in national oil stockpiling requirements beyond the curren ...
How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices
Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as the end of the worst of the Middle East crisis. The deal is actually just the beginning of long processes ...
Shipping Costs Soar as Hormuz Crisis Reshapes Global Trade
The Middle East war has upended global shipping, raising bunker fuel costs, altering trade routes, and forcing shippers and their container cargo customers to adapt to a new reality. Soaring costs of ...
OPEC’s Oil Demand Bet Is on India, Not Europe
Every year, OPEC releases a long-term outlook that says oil demand will keep growing. Every year, critics roll their eyes. This year, OPEC doubled down. In its World Oil Outlook 2026, the producer gro ...
Azerbaijan Moves Into Uzbekistan’s Fast-Growing Mining Sector
Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism. Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterp ...
Oil Prices Are Crashing. Inventories Tell A Different Story.
Oil traders have gone from pricing in the worst supply disruption in modern history to pricing in a recovery that hasn't happened yet. Inventory data suggests they’re getting ahead of themselves. Bren ...
Sweden Picks Rolls-Royce for First New Reactor Since the 1980s
Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first ...
High Tanker Rates Disrupt Persian Gulf Oil Shipments to Asia
The biggest state-owned refiners in China and India have failed to procure supertankers to load crude from the Persian Gulf later in June as tanker rates are too high and guarantees on safe passage th ...