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US-China trade tensions simmer
Asia market update: Mid-East holding pattern; Hawkish Fed's Daly; US-CN trade tensions simmer; More ...
Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume
Ukraine has struck one of Russia’s biggest refineries, Lukoil’s Volgograd processing facility, the Ukrainian forces said on Friday as they resumed attacks on Russian refining capacity. The Volgograd r ...
Saudis Push Maritime Coalition as Oil Finds Support
Brent is set for an 8% weekly loss, but ongoing disruptions in the Strait of Hormuz and the Red Sea continue to support oil prices near $90 a barrel. Friday, July 31, 2026 Oil prices are set for an 8% ...
Ukraine Is Now Targeting Iranian Shipping in the Caspian Sea
Iranian-designed drones have wreaked havoc for Ukrainian forces battling Russian troops as Moscow took Tehran's technology and ran with it, supercharging production and deploying drones in devastating ...
China's Solar Capacity Set to Overtake Coal This Quarter
China will have more installed solar power capacity than coal-fired generation capacity as early as this quarter, Chinese authorities have said. As of the end of June, solar power capacity stood at 1, ...
Global Coal Consumption Hits Record Even as Coal Power Declines
Global coal consumption reached another record in 2025, seemingly contradicting years of discussion about phasing out the world’s most carbon-intensive fossil fuel. But the headline number does not te ...
Shell Sells Cyprus Gas Stake to MOL for $720 Million
Shell has agreed to sell its wholly-owned subsidiary BG Cyprus Ltd to MOL Group of Hungary for $720 million, as the UK-based oil and gas supermajor targets to grow its LNG value chain. Shell on Friday ...
Oil Prices Inch Higher as Iran Strikes U.S. Bases in Kuwait and Bahrain
Iran on Friday claimed it launched attacks on U.S. military assets in Bahrain and Kuwait amid the latest re-escalation of hostilities in the region, which dashed the hopes from early this week that th ...
The Drone Attack That Exposed Egypt’s Energy Defenses
Politics, Geopolitics & Conflict A drone attack reached Egypt’s Mediterranean gas infrastructure for the first time in the war. At least two drones struck the US-owned Energos Winter floating storage ...
Libya's Fragile Peace Faces a New Threat
The mutually beneficial corruption arrangement between the rival Haftar and Dbeibah camps that has kept Libya from returning to civil war could be undone by a third force usually left out of political ...
Six Saudi Oil Tankers Reroute Around Africa to Dodge Houthi Threat
Half a dozen empty Saudi oil tankers have turned away in the Arabian Sea from the Red Sea chokepoint Bab el-Mandeb and headed south around Africa in the western direction, in highly unusual moves for ...
ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping
Amid tightened vessel supply due to the Middle East crisis, Abu Dhabi’s national oil company ADNOC has paid about $590 million to buy five supertankers to better manage its crude deliveries, Reuters r ...
BP Puts Its North Sea Oil Business Up for Sale
BP on Friday launched a process to market its North Sea business as the UK-based supermajor looks to simplify its portfolio and invest in high-return projects. The formal launch of a potential sale co ...