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Found 2014 articles
With diesel prices shattering records at $6.05 per gallon, former Goldman Sachs commodities strategist Jeff Currie warns that U.S. gasoline costs are poised to hit $5 before the November midterms. The market is nearing a critical breaking point as refiners struggle to balance supply against soaring demand for fuel products.
Viral social media posts claiming the United States has only 14 days of oil remaining rely on a fundamental misunderstanding of energy infrastructure. The calculation incorrectly conflates the Strategic Petroleum Reserve—an emergency insurance policy—with the nation's entire daily production, import, and refinery supply chain.
Australian Energy Minister Chris Bowen departs for Saudi Arabia next week to secure firsthand clarity on the East-West pipeline’s operational status. Following drone strikes that forced an emergency shutdown, Canberra faces mounting pressure to stabilize fuel supplies as domestic prices remain volatile and import dependencies expose the national economy to global disruptions.
The cost of shipping crude oil from the Middle East to China has spiked to $800,000 a day, a direct consequence of escalating military friction in the Gulf. With U.S. forces destroying five Iranian-linked tankers and Tehran promising retaliation, the price of moving energy to global markets continues to climb.
Five grams of high-level waste—the amount generated to power one person’s life for a year—remains one of the most stubborn hurdles in the global shift toward nuclear energy. While countries race to expand their reactor fleets, the search for a permanent, secure geological home for radioactive fuel continues to falter.
In the first quarter of 2026, U.S. heat pump sales outpaced natural-gas furnaces by 32 percent, signaling a shift in residential heating despite the expiration of federal tax credits. This transition is echoed globally, as homeowners increasingly rely on the technology to provide both efficient heating and essential summer cooling.
A sweeping legislative attempt to curb foreign influence in Iran has stalled as lawmakers grapple with the potential for total state isolation. While the bill aimed to address genuine security failures, its restrictive provisions on academic and media contact are fueling a rare, high-stakes dispute within the country’s political leadership.
A clandestine operation in rural Mexico, where 300 computers siphoned power from a hydroelectric complex, highlights a growing global crisis. Authorities are struggling to contain a wave of illicit cryptocurrency mining farms that exploit state infrastructure, draining billions of dollars and destabilizing national energy grids across multiple continents.
Yemen’s Houthi forces seized the port of Mocha on Thursday, securing a strategic foothold at the entrance to the Bab al-Mandeb Strait. By capturing the port alongside Perim and Zuqar islands, the group now exercises direct control over a waterway essential for 6.2 million barrels of daily oil transit.
The Asia Pacific Petroleum Conference has become a theater of grim anticipation as industry leaders prepare for a long-term disruption in Middle Eastern oil flows. With the Strait of Hormuz effectively closed and diplomatic channels stalled, traders and refiners are bracing for sustained high prices and systemic supply chain failures.
Wind energy generated nearly 30 percent of Great Britain’s electricity in 2025, cementing its role as the nation’s primary renewable source. As global trade disruptions inflate oil and gas prices, the rapid expansion of offshore and onshore wind capacity is providing a vital buffer against fuel shortages and price volatility.
Seeking to insulate its economy from volatile Middle East supply chains, Indonesia is moving to secure upstream stakes in Guyana and Suriname. Foreign Ministry official Grata Endah Werdaningtyas confirmed that state energy firm Pertamina has opened exploratory talks to acquire equity in the region’s rapidly expanding offshore projects.
The Trump Route for International Peace and Prosperity, a critical trade link intended to bridge Azerbaijan and its Nakhchivan exclave through Armenian territory, will not break ground until 2027. Azerbaijani Foreign Minister Jeyhun Bayramov confirmed the timeline shift, citing ongoing negotiations despite the project's foundational 2025 Washington peace agreement.
Thousands of American dams currently sitting idle could generate 15.2 terawatt-hours of clean electricity annually, according to new research from Oak Ridge and Idaho National Laboratories. This capacity, enough to power 1.4 million homes, rests in retrofitting existing structures rather than constructing costly new hydroelectric facilities across the nation.
Brent and WTI crude have both breached the $100-per-barrel threshold, a market milestone not seen since July. As geopolitical tensions in the Middle East harden, the sudden evaporation of global strategic buffers is forcing a recalibration of economic forecasts and heightening the probability of an aggressive Federal Reserve intervention.
A drone strike on Saudi Arabia’s critical East-West pipeline has rattled global energy markets, pushing Brent crude to $108 per barrel. The attack on the infrastructure, capable of transporting 7 million barrels daily, threatens to choke off 4% of global supply just as diplomatic efforts to stabilize the region falter.
Moving the implementation of the Oil and Gas Revenue Levy to 2027 could generate an additional £14.9 billion for the UK treasury, according to Offshore Energies UK. The industry group argues that the current 2030 timeline creates regulatory instability, pushing capital away from the North Sea and threatening energy security.
The Persian Gulf’s reliance on the Strait of Hormuz for liquefied natural gas transit has become a strategic liability. Salim Al-Aufi, Oman’s Minister of Energy and Minerals, urged regional producers at the Gastech conference to urgently develop alternative export routes through Oman or Yemen to bypass the volatile maritime chokepoint.
With Brent crude surging toward $110 per barrel and the Middle East conflict showing no signs of easing, analysts at Standard Chartered are bracing for a period of extreme volatility. The bank warns that the market is structurally vulnerable to sharper, more frequent price spikes as geopolitical tensions choke supply lines.
With Brent crude surging past $108 per barrel, financial markets are bracing for the Federal Reserve to implement another 25-basis-point rate hike this week. Traders see the persistent Middle East conflict as a primary driver of sustained inflationary pressure, forcing central bankers into a precarious balancing act between economic stability and cooling prices.
Transit volume through the Strait of Hormuz plummeted to single digits this weekend as heightened regional hostilities forced a sharp retreat in maritime traffic. The situation intensified after Saudi Arabia shuttered its critical East-West pipeline, stripping the world’s largest oil exporter of its primary bypass route to the Red Sea.
Drone strikes launched near the Iraq-Iran border have forced Saudi Arabia to temporarily shutter its East-West pipeline, leaving major Asian buyers in the dark regarding 4 million barrels per day of crude shipments. The move creates a fresh logistical bottleneck just as markets grapple with heightened regional instability.
Saudi Arabia’s decision to shutter its vital East-West oil pipeline has sent shockwaves through energy markets, pushing European benchmark gas prices up 6% on Monday. The Dutch TTF hub hit 84.275 euros per megawatt-hour, marking the highest valuation since the supply crisis of early 2023.
Brent crude climbed to $108 per barrel on Monday after Gulf states abruptly canceled talks with Iran over the Strait of Hormuz. The diplomatic collapse followed a massive Houthi strike on Saudi Arabia's King Khalid airbase, deepening fears that simultaneous attacks on energy chokepoints could cripple global supply chains.
Global liquefied natural gas prices will remain elevated for at least the next six months as geopolitical volatility disrupts supply chains. Balaji Krishnamurthy, Managing Director of Chevron Australia, warned that the market faces persistent upward pressure as Asia and Europe compete for limited winter reserves.
The Strait of Hormuz remains a critical bottleneck for liquefied natural gas, as supply disruptions from Qatar and the UAE drive spot prices to their highest levels since 2022. For importers in China and India, the current surge in costs has forced a temporary retreat from the global market.
Angry demonstrators blocked the Damascus-Aleppo highway and set tires ablaze near the Turkish border this weekend, marking the most significant surge in civil unrest since the fall of Bashar al-Assad last December. The uprising follows a government-mandated 40% hike in diesel costs and a 28% increase in gasoline prices.
To settle obligations tied to its $53 billion federal rescue, German energy giant Uniper is selling its 20% stake in the OPAL gas pipeline. The company signed a definitive agreement to transfer the asset to Hy24, a private investment firm focused on the hydrogen sector, citing regulatory compliance.
Geopolitical instability in the Middle East is forcing a radical shift in energy logistics, prompting Chevron to scout new liquefied natural gas projects across four continents. Freeman Shaheen, the company’s president of global gas, confirmed the strategy aims to secure diversified supply routes to insulate customers from regional volatility.
With a valuation pegged at $47 billion, Aliko Dangote has opened Africa’s largest share sale, inviting ordinary Nigerians and international investors to back his massive Lagos oil refinery. The offering, which runs through October 13, aims to fuel an aggressive expansion that would double processing capacity by 2029.