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Africa now has a bank built to finance the oil and gas projects Western banks and development lenders have dropped under their climate commitments.
Four oil tankers were destroyed after hitting naval mines in an area south of the Strait of Hormuz proscribed by Iran as prohibited for navigation, Iran's Islamic Revolutionary Guard Corps (IRGC) said on Wednesday, as attacks on vessels in the region
Europe is "Rethinking" its oil refinery phase-down
A sanctioned Iranian tanker carrying about 500,000 barrels of liquefied petroleum gas slipped past the U.S. naval blockade and delivered its cargo to China, according to United Against Nuclear Iran (UANI), which says it filmed the ship at a Malaysian
Gulf disruption, Venezuelan control and European reliance on US LNG suggest a dominance strategy built more on oil and gas than AI
Villa Vie Residences suspended operations of its 650-passenger residential cruise ship on Tuesday, citing "extraordinary" fuel costs that have placed its business model under unsustainable financial pressure.
One person has died and four more are missing after an oil rig with 115 people on board collapsed and sank off the coast of Gabon.
The Houthis are claiming some further significant attacks on Saudi military and energy sites, announcing Tuesday a direct hit on the kingdom's defense ministry HQ in Riyadh.
SYSTEM FAILURE | Italy out of Food. Nebraska out of Diesel. What's coming is worse.
The president dismissed concerns over higher gas prices at a rally in Georgia
Ryanair chief Michael O'Leary says jet fuel is now about 50% more expensive than before the Iran war and expects those elevated costs to persist for another 12 to 18 months.
President Donald Trump invoked the Defense Production Act of 1950 in a memorandum on Oct. 22 to increase oil production in the United States as prices remain elevated amid the Iran conflict.
The tanker Agioi Fanendes loaded 40,000 metric tons of ultra-low sulphur diesel at Russia's Primorsk port and is expected to reach the US on November 7, as Trump seeks to curb fuel prices ahead of midterm elections.
Oil Slides As Russia Willing To Resume Trilateral Talks With Ukraine, After 'Productive' Witkoff Visit
Update(1540ET): A corrective from Reuters saying that the earlier alert for some diplomatic staff and their families to depart from the Gulf region actually only pertains to Saudi Arabia, amid the Houthi assault:
"Additional shipments will follow, of course. There were agreements reached between the two leaders. We will meet the United States' needs, to the extent of our capabilities," Novak said.
Last months the Trump administration was loudly claiming that Iran had lost control of the Strait of Hormuz. Some 'experts' even claimed that the flow of oil was back at a pre-war level.
Saudi Arabia went looking for allies against Ansar Allah, and so far it has gotten statements of support. Egypt has declared its readiness to back the Kingdom, but its statement does not commit to any military involvement.
Iran's Foreign Minister Abbas Araghchi on Sunday warned against the US restarting attacks, saying that Tehran has "unfinished jobs" too - while also alleging Israel is dragging Washington along into more needless conflict.
Doug Casey and I on $136 oil the futures market won't admit, Saudi Arabia's coming crisis, Israel fatigue, and how long until reality catches up.
For years, Washington proclaimed that sanctions would shut down Iranian oil exports. They never did. Iran adapted because markets ALWAYS adapt.
Update(1240ET): Iran state IRIB reports a new thermal anomaly detected near an oil pipeline in Saudi Arabia's Yanbu region, suggesting Saudi East-West oil pipeline has been targeted once again.
Surging fuel prices drove AIER's Everyday Price Index to its largest monthly gain since May, strengthening the case for Fed tightening. But concentrated price increases leave questions about renewed price pressure.
KYIV, Ukraine - Ukrainian drones attacked a refinery in Russia's Ryazan region early Thursday, hours after Ukrainian President Volodymyr Zelenskyy said that a brief truce spurned by Moscow was over amid deepening tensions with Washington.
"Massive" oil, gas, and minerals exploration will soon begin in Greenland, U.S. President Donald Trump said on Wednesday, claiming that the territory has enormous resources of readily available oil.
Silver Dave explores the surprising connection between rising diesel fuel prices and silver mining and what it could mean for the price of silver! Plus, details on an upcoming meet and greet at the showroom and a special sale on American Silver Eagle
Importing Russian diesel is illegal. There is no real need anyway.
Several top energy executives were dropped from the schedule of Saudi Arabia's ongoing WPC Energy Congress in Riyadh on Monday, as the kingdom insists on holding the conference despite the threat to the capital posed by the Ansarallah-led Yemeni Arme
Ukraine Reportedly Bombs Russian Oil Terminal Which is Part of Deal to Lower Price of Diesel in the US Hours After Trump's Deal with Putin
