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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...
Sinopec Boosts China's Shale Oil Output
Sinopec’s Jiyang shale oil base in Shandong province has ramped up output in recent months, raising Chinese shale production and domestic resources and output as the world’s biggest crude importer loo ...
Australia Set to Include Existing LNG Deals in Gas Reservation Scheme
Australia plans to include existing LNG contracts in its so-called Domestic Gas Reservation scheme, expected to come into force in July 2027, to ensure local supply. The new Australian regulation, whi ...
More Tankers Make It Through the Strait of Hormuz
Two liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days, with the LNG vessels heading for Pakistan and China, and the tanker, loaded with ...
1 In 4 Cars Sold Globally Is An Electric Vehicle
As Statista's Tristan Gaudiaut details below, according to the IEA Global EV Outlook 2026, published on May 20, global sales of electric cars, including plug-in hybrids, surpassed 21 million units las ...
Australia’s LNG Industry Warns Policy Uncertainty Is Hurting Investment
Australia’s energy producers are calling for state and federal support in faster approvals of new projects and fiscal stability. These could help the world’s third-biggest LNG exporter grow its overse ...
Heat Pump Sales Surge Across Europe Amid Energy Shortages
Heat pump uptake is on the rise in Europe, as consumers take their energy bills into their own hands. Europe, which already experienced high gas prices and energy shortages after Russia invaded Ukrain ...
Soaring Energy Prices Are Driving a Home Solar Boom
Home solar power installations have risen significantly in recent decades, as consumers look to drive down their electricity bills and make their energy use more sustainable. Now, with oil and gas pri ...
Colombia's Natural Gas Crisis Deepens as Strait of Hormuz Closure Cuts Supply
Strife-torn Colombia is facing a severe energy crisis at a critical juncture. Global supply of natural gas is heavily constrained due to the closure of the Strait of Hormuz after U.S. strikes on Iran. ...
3D-Printed Copper Plates Could Cut Data Center Cooling Energy Use by 97%
The artificial intelligence boom is creating an energy monster that the world is unprepared and unequipped to deal with. Providing enough energy to fuel the AI ambitions of the future as well as to su ...
Oil Prices Rise as Iran Tempers U.S. Deal Hopes
Oil prices turned to a gain Friday after Iran poured cold water on growing market hopes for a near-term agreement with the United States, reminding traders yet again that optimism around diplomacy and ...
AI Could Unlock $500 Billion for Oil and Gas Producers by 2030
Digitalization and artificial intelligence (AI) will create close to $500 billion in cumulative value for E&P companies between 2026 and 2030, according to Rystad Energy estimates. This value is captu ...
Kazakhstan Court Upholds $1.4 Billion Award Against Gazprom
A court in Kazakhstan has inserted itself into the Russia-Ukraine conflict, ruling in favor of the Ukrainian state gas entity Naftogaz in a $1.4-billion dispute with the Russian energy behemoth Gazpro ...