Cars stand in line for gasoline at a Lukoil gas station on July 8, 2026 in Nakhabino outside of Moscow, Russia. Russian cities are experiencing a shortage of automobile fuel caused by numerous Ukrainian drone attacks on oil refineries. Contributor | Getty Images News | Getty Images Ukraine has stepped up its attacks on Russian…
Global oil demand is set to decline for the first time since 2020 as the Iran war wreaked havoc with production and exports in the Middle East, the International Energy Agency (IEA) said Friday. World oil demand is set to decline by 1 million b/d year-on-year in 2026, which would mark its first annual decrease…
Oil tanker traffic through the Strait of Hormuz has slowed after Iranian attacks on three commercial ships this week pushed the Persian Gulf to the brink of a renewed war. Thirteen tankers crossed Hormuz on Wednesday compared with an average of 33 per day over the previous week, said Matt Smith, director of commodity research…
POWER POINT What I’m hearing from energy insiders First and foremost, I hope that everybody had a wonderful 4th of July holiday and celebrated the 250th birthday of this amazing nation. As the celebrations ended and this week began, we seemed to be on a path to the Iran conflict winding down and the Strait…
A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman, on June 21, 2026, as they prepare to transit through the critical Strait of Hormuz. Shady Alassar | Anadolu | Getty Images Oil prices fell on Wednesday as investors weighed signs of…
A traditional dhow boat is seen at sea, with towering skyscrapers on the Doha Corniche in the background in Doha, Qatar, on June 29, 2026. Nurphoto | Nurphoto | Getty Images Oil prices were slightly lower on Wednesday, after Iran said it would not meet with U.S. delegates for talks in Qatar, amplifying concern about…
People walk along the Corniche area in Doha, Qatar, on June 29, 2026. United States and Iranian negotiators are scheduled to hold high-level talks in Doha, according to media reports. Nurphoto | Nurphoto | Getty Images Oil prices were slightly higher on Tuesday as energy market participants closely monitored the potential for fresh talks between…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region’s oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. On Sunday, U.S. Vice President JD…
The ‘Al-Riqqa’ oil tanker (L) and ‘Al-Yarmouk’ oil tankers sail in the Arabian Gulf waters, off the coast of Kuwait City on June 27, 2026. (Photo by YASSER AL-ZAYYAT / AFP via Getty Images) / Yasser Al-zayyat | Afp | Getty Images President Donald Trump again threatened Iran on Sunday with annihilation following U.S. attacks…
An exclusive look inside GE Vernova‘s largest gas turbine plant in Greenville, South Carolina, offers fresh evidence that the artificial intelligence boom is going strong. Inside, engineers are working alongside factory workers to speed up production of this complex machine. The company hired 200 workers last year, and 300 more are expected to start working…
