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Qatar says US-Iran hotline essential to reopen Strait of Hormuz
Prime Minister Sheikh Mohammed says Gulf state will resume normal LNG production within weeks...
$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar
Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative m...
Australia's 344-Million-Barrel Oilfield Could Finally Get the Green Light
After years of delays, Australia's largest undeveloped oil project could progress to a final investment decision in 2027 as the energy crisis amid the Iran war has heightened the need of homegrown res ...
UK Conservatives Blast Labour North Sea Ban as 'Utter Madness'
The current UK government's policy of not allowing new drilling in the UK North Sea is “utter madness” as billions of barrels of untapped oil could benefit the UK industry and reduce Britain’s relianc ...
EU Says No Jet Fuel Shortage Coming Despite Middle East Supply Loss
Shortages of jet fuel are not looming over Europe despite the shock loss of supply from the Middle East and soaring prices, according to EU Sustainable Transport and Tourism Commissioner, Apostolos Tz ...
Malaysia's Oil Production Fell 5.5% in Q1
Malaysia's crude and condensate production dropped by 5.5% from a year earlier to 43 million barrels in the first quarter of 2026, due to a slump in crude output, the Department of Statistics Malaysia ...
Norway Averts Offshore Strike as Workers and Industry Reach Deal
Norway has narrowly avoided a strike at offshore oil platforms after trade unions and oil companies reached an agreement on wages in the early hours on Friday. The potential strike over wages could ha ...
Indian Companies Eye Venezuelan Oil Fields as Imports Surge 51% in a Month
Indian energy companies are interested in expanding into Venezuelan oil, New Delhi’s top energy official Hardeep Singh Puri said today at a meeting with Venezuela’s interim president Delcy Rodriguez i ...
Japan Plans to Replace Up to 14 Nuclear Reactors by 2050
Japan's government is making long-term plans for replacing up to a dozen nuclear reactors by 2050, to secure its electricity supply, with two to five of these to be rebuilt by the 2040s, the country's ...
Oman Oil Terminal Attack Rattles the Market's Last Calm Corner
Media reports about a blast disrupting oil loadings at Oman’s main terminal pushed benchmark prices higher earlier today, in the latest sign that any hopes about an end to Persian Gulf hostilities is ...
North Dakota Chases A Second Bakken Boom Through Enhanced Recovery
North Dakota’s elected officials are pushing hard to deploy Enhanced Oil Recovery (EOR) technologies to boost oil production in the Bakken before Donald Trump's tenure as president expires. The Trump ...
Brazil, Guyana, Venezuela Fuel South America’s Oil Export Boom
South America has raised its oil exports more than the U.S. has done so far this year as key producers in the region boosted production and shipments to a world scrambling for crude that’s not depende ...
IAEA Warns Iran Nuclear Risk Has Increased
The possibility of Iran developing a nuclear weapon is now higher than it was before the United States and Israel first attacked the country in February, the International Atomic Energy Agency has con ...
A New U.S. Battery Line Designed to Make Energy Storage Safer and Cheaper
The US has recently launched a new battery production line, which is expected to help researchers develop safer and cheaper energy storage technologies for the electric grid. The new line is housed at ...