Energy & Mining
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Ukraine’s Drone Campaign Reaches Russia’s Largest Refinery in Siberia
MOSCOW, July 7 — A strike on the Omsk refinery has introduced a new variable into Russia’s domestic…
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Ukraine Renews Drone Strikes on Russian Oil Refineries, Killing at Least Three
MOSCOW, July 10 — Ukrainian drone strikes on Russian oil facilities have tightened global markets for refined fuels,…
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60 US Senators Back Bill Allowing Tariffs of Up to 100% on Top Russian Oil Buyers
WASHINGTON — The Trump administration is exploring a proposal to impose heavy tariffs on Russian oil, though sources…
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Economist Sees Trump Iran Talks Echo China Trade War Playbook
WASHINGTON, July 9 — A senior economist is drawing a pointed comparison between the current U.S.-Iran nuclear negotiations…
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Iran’s Oil Exports Fall Over 80% as US Sanctions and Naval Blockade Bite
TEHRAN, July 9 — Iran’s position as a major player in global oil markets has grown more precarious,…
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James Litinsky revives America’s only rare earth mine
MOUNTAIN PASS, Calif., July 9 — The man who pulled the Western Hemisphere’s largest rare earth mine out…
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Brent Crude Nears $100 as U.S. Strikes Iranian Tankers, Iran Vows Response
WASHINGTON, July 9 — Oil prices are once again in the crosshairs of geopolitics, and the numbers help…
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Shale Boom Made the US the Top Oil Producer, but Debt Now Threatens It
ODESSA, Texas, July 9 — On a scrub-blasted patch of West Texas where the wind never seems to…
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Brent Crude Jumps to $112.2 a Barrel as Iran Conflict Disrupts Gulf Shipping
LONDON, July 9 — The shift is subtle but significant. Oil markets are recalibrating risk, and the price…
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Crude Oil Nears $104 a Barrel as Iran Tensions and Tanker Incidents Rattle Markets
LONDON, July 9 — Oil prices surged on July 5, 2024, after the United States imposed sanctions on…
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U.S. Strategic Petroleum Reserve Falls to 316.5 Million Barrels as Hormuz Crisis Drags On
WASHINGTON, July 9 — The Strategic Petroleum Reserve, the world’s largest emergency crude oil stockpile, sits at roughly…
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The 1970s Oil Crises and Their Long Economic Shadow
ROME, July 9 — Against this backdrop of simmering tensions across the Middle East and Eastern Europe, the…
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Beyond Oil: Helium, Fertiliser and LNG Also Pass Through the Strait of Hormuz
MANAMA, July 9 — For communities across Asia that depend on imported energy, the Strait of Hormuz is…
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Crude Oil Nears $104 Again as Iran Tensions Threaten Gas, Grocery and Heating Costs
NEW YORK, July 9 — The shockwaves from a White House trade announcement five months ago are still…
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Hormuz Crisis Echoes 1973 Embargo as Asia Rethinks Energy Security
NEW YORK, July 9 — The mechanics of oil shocks and their effect on Wall Street follow a…
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Oil Heads for Sharpest Weekly Gain Since Mid-July as US-Iran Fighting Flares
SINGAPORE, July 8 — Crude oil prices climbed sharply today, with West Texas Intermediate crude rising above $[price]…
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Gas Prices Jump 43 Cents in a Week as Iran Strikes Send Oil Soaring
WASHINGTON, July 8 — The math on oil prices and inflation is straightforward, but the consequences ripple through…
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Oil Jumps as US-Iran Ceasefire Collapses and Hormuz Control Is Disputed
WASHINGTON, July 8 — Donald Trump, the 45th and 47th president of the United States, has been a…
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Oil Above $100 Pushes U.S. Gasoline to $4.44 and Diesel to a Record
WASHINGTON, July 8 — The 5.8 percent surge in oil prices on March 30, 2025, is set to…
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Trump’s Iran ceasefire end sends oil prices surging
WASHINGTON, July 8 — President Donald Trump’s declaration on March 30, 2025, that the ceasefire with Iran is…
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How Oil Markets React to Geopolitical Shocks
NEW YORK, July 8 — By the numbers, the oil market’s memory is long and its reflexes are…
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Pearl Street 1882: The First Central Power Plant and DC’s Long Goodbye
NEW YORK, July 8 — The figure that matters: 59. That was the number of customers Thomas Edison’s…
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IMF Expects Global Oil Inventories to Fall to Five-Year Low by July
SINGAPORE, July 8 — Global oil inventories are sitting at their lowest level in five years, a fact…
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Aswan High Dam Ended Egypt’s Annual Nile Flood but Displaced 100,000 Nubians
ASWAN, Egypt, July 8 — The Aswan High Dam, a structure that reshaped life along the Nile and…
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