oil
China’s economy slows over last three months
China’s economy slowed sharply to a 4.3% annualized pace of growth in the April-June quarter, the government said Wednesday.
Middle East allies rushing new pipelines, port to bypass Iran’s grip on Strait of Hormuz
The conflict around the Strait of Hormuz has caused pipeline and port construction projects in the Gulf to accelerate, with some set to debut as soon as next year, minimizing...
Time to win the Battle of Hormuz — and enforce freedom of navigation
President Donald Trump has rightly declared the Iran "cease-fire" to be dead and even more rightly made getting the Strait of Hormuz permanently opened his top priority. All his minions...
Oil giants to gain ‘billions’ from Iran war — but won’t ramp up drilling despite Trump’s insistence
US oil majors are reluctant to build out more rigs and wells, resisting White House pressure as they claim their bumper profits are just a temporary boost.
Leaked letter reveals Sable Offshore’s most aggressive power grab yet to conquer California
The extraordinary request comes despite Sable already restarting oil production earlier this year after relying on emergency federal approvals from the Trump administration.
Dow falls 500 points, oil surges after Trump says Iran ceasefire is ‘over’ – which could halt gas decline
Fresh tensions over the Strait of Hormuz, a vital maritime route for 20% of the world’s oil, could keep gasoline from falling below the $3 mark.
US revoking Iran’s license to sell oil after ‘wholly unacceptable’ attacks in Strait of Hormuz
The Trump administration on Monday canceled its waiver on Iranian oil sales after Tehran fired missiles at three ships near the Strait of Hormuz over the past 24 hours, calling...
Cuba plunges into islandwide blackout as US oil blockade dries up fuel supplies
An islandwide blackout hit Cuba on Monday as the country’s fuel reserves dwindle and its electric grid continues to crumble.
Vance says US urged Ukraine to go on defense as NATO commends Kyiv for taking fight to Russia
"The Russians, they're paying a lot for every square kilometer they get," Vice President JD Vance told The Times of London.
OPEC+ approves further oil output increase as Strait of Hormuz exports recover
The oil-producing group agreed during an online meeting to increase quotas by 188,000 barrels per day from August, on top of similar increases for June and July.
St. Petersburg port on fire after Ukrainian drones pummel Russia’s second largest city
The attacks are part of a the 40-day “pressure campaign” signed off on by Zelensky last month, tapping Ukraine’s military intelligence to unleash long-range drones strikes deep into the heart...
Big Oil heads for biggest profits in years as Trump pushes for lower gas prices
President Trump is ramping up pressure on the industry to lower gas prices ahead of November’s midterm elections.
Strait of Hormuz oil flowing back to pre-Iran war levels, Vance says
Oil flow through the Strait of Hormuz has returned to — and sometimes exceeds — pre-war levels despite lower total traffic after the US-Iran memorandum of understanding pushed Tehran to...
Supreme Court poised for landmark Trump rulings, gas prices fall again…at a cost
The Supreme Court is set to wrap up its term with blockbuster rulings on birthright citizenship and transgender athletes after handing President Trump a series of major wins—and setbacks—earlier this...
Sable Offshore gets rare win over environmental activists in California after ‘hiccups’
Attorneys representing the Environmental Defense Center and the Center for Biological Diversity unsuccessfully sought to delay the hearing.
At least 2 dead after Ukraine drone assault sets fire to major oil refinery in Russia: report
Ukraine has markedly stepped up its long-range attacks on Russian military industries and energy facilities in recent months.
Ukraine pummels key Russian oil hub for second time in June as Kyiv ramps up pressure on Putin
Ukraine struck a strategic oil pumping station 143 miles east of Moscow for the second time this month on Saturday, all part of a new 40-day pressure campaign approved by...
Trump blasts California’s environmental ‘extremism’ as probe launched into state’s war on offshore oil
President Donald Trump’s administration blasted the “extremism” of environmentalists in California as his administration launches a new review of the powerful coastline watchdogs amid a battle over offshore drilling.
‘Mini tsunami’ of oil headed for global markets after reopening of Strait of Hormuz — for now
A "mini tsunami" of oil is flooding the global market after the Strait of Hormuz opened and trapped tankers are finally freed, dropping prices to nearly pre-war levels -- but...
Iranian dissidents warn Trump of handing regime a ‘victory it could never win on the battlefield’ in peace talks
“This agreement hands Iran a victory it could never win on the battlefield, just as Hamas and Hezbollah have repeatedly used ceasefires, not as peace, but as leverage to attack...