U.S. President Donald Trump said American forces had launched a major bombing raid on Iran’s strategic Kharg Island, targeting military facilities on the key Persian Gulf outpost while warning Tehran ...
Iran’s control over the geography surrounding the Strait of Hormuz gives it the ability to threaten a critical global oil ...
A new coalition led by major tech firms says smarter grid utilization could lower electricity costs as AI-driven power demand rises.
The war-driven closure of the Strait of Hormuz is inflicting severe oil and gas revenue losses on Gulf producers.
Rising global demand and volatile prices for lithium, essential for clean energy, are driving a domestic extraction rush in the US, with massive potential deposits discovered in Northeast Texas, ...
Brent crude is set to close above $100 for the first time since 2022 as tensions around the Strait of Hormuz intensify.
TotalEnergies reports that the war in the Middle East has shut in approximately 15% of its global oil and gas output, though a higher oil price is expected to offset the financial loss.
The top Asian refiner, China’s state-controlled Sinopec, plans to slash this month its refinery processing rates by 11-13% as crude supply is choked by the Middle East war ...
Saudi Arabia has slashed oil output by roughly 20% as the war with Iran continues to choke off exports from the Persian Gulf, in what could become one of the largest sudden supply losses the global ...
Years of underinvestment in oil projects, limits to U.S. shale growth, and geopolitical risks mean markets could stay tight.
Goldman Sachs predicts Brent Crude will average above $100 per barrel in March due to the ongoing Middle East conflict choking supply, with prices potentially surging higher if the disruption at the ...
The IEA says the war has caused the biggest crude supply disruption in oil market history. Oil rose back above $100 even after a record 400 million barrel reserve release. Analysts warn that a ...
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