Energy Market News & Updates
Stay informed with the latest developments in the global petroleum market. We curate essential news covering price fluctuations, geopolitical impacts, and supply chain shifts.
Libya Seeks Up to $40 Billion to Boost Oil Output to 2 Million Bpd
Libya needs between $36 billion and $40 billion in foreign investment to expand its oil industry and raise output to 2 m...
U.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records
Declarations by Iran and the U.S. earlier this week make the prospect of peace in the Middle East even more distant, dri...
North America’s Only Cesium Project Moves Closer to Production
Power Metals is advancing what it describes as North America’s only cesium project at a time when America’s defense ambi...
U.S. Shale Majors Cut Spending Despite Higher Oil Prices
U.S. oil companies dominating the shale patch are planning to trim their spending plans and instead take advantage of hi...
Automation Could Start Eating Into U.S. Diesel Demand
The rise of automation, AI, and electric trucks can fundamentally change the freight transportation industry in the Unit...
Why Libya’s Next Oil Pipeline Could Be a Geopolitical Game-Changer
The proposed Libya–Egypt crude oil pipeline has, surprisingly quickly, entered a phase in which Cairo and Tripoli are ac...
The Next Energy Crisis Could Be a Water Crisis
Strategic shortfalls? Maybe in getting cobalt out of the Congo or rare earth powders from China or natural gas from Russ...
Carbon Capture’s Biggest Problem Isn’t Capturing Carbon
Carbon capture is still debated as if technical performance were the decisive question. Can a solvent remove carbon diox...
Russia Receives First Gasoline Cargo From India as Fuel Shortages Spread
Russia has received its first gasoline cargo from India as Ukrainian attacks knock out refining capacity and a second wa...
War and Drought Are Choking the World’s Most Vital Trade Routes
Since early March, a previously obscure waterway between Iran and Oman that very few people could name has become the su...
Chevron Strikes Oil and Gas Offshore Angola in Major Discovery
Chevron has announced a new oil and gas condensate discovery offshore Angola, hitting more than 2,000 feet of hydrocarbo...
U.S. Copper Imports Hit a 12-Year Record as LME Stocks Crash
U.S. importers hauled in more than 200,000 tonnes of refined copper in July, the biggest monthly volume in at least 12 y...
Libya Power Crisis Explodes as Grid Fails Again
Libya’s electricity grid suffered another major collapse on Monday, knocking power plants offline across western, centra...
Ukraine Has Shattered the Myth of Russian Military Might
When President Vladimir Putin sent his forces into Ukraine, the Kremlin appeared to be betting on a familiar axiom of Eu...
China's Renewables Boom Faces Record Clean Power Curtailments
Grid constraints and rising coal-fired power generation in China led to soaring curtailment rates of solar and wind powe...