U.S. President Donald Trump holds a press conference as Secretary of Defense Pete Hegseth looks at him following a U.S. strike on Venezuela where President Nicolas Maduro and his wife, Cilia Flores, were captured, from Trump’s Mar-a-Lago club in Palm Beach, Florida, U.S., January 3, 2026. Jonathan Ernst | Reuters President Donald Trump on Saturday…
Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets by the…
Customers at the GasWay Xpress Mart at 1120 Erie Blvd. pump gas on Wednesday, Dec. 3, 2025, in Schenectady, N.Y. Lori Van Buren | Albany Times Union | Hearst Newspapers | Getty Images Holiday road-trippers are feeling some relief at the pump this year. The average price of unleaded gasoline in the U.S. has been…
Europe is pressing ahead with plans to ban Russian gas imports by the end of 2027, effectively capping Moscow’s energy future in the region and leaving a bevy of stranded assets in its wake. The dual Nord Stream 1 and 2 subsea pipelines were early casualties of Russia’s invasion of Ukraine, with the infrastructure being…
A U.S. military helicopter flies over the Panama-flagged Centuries, which was intercepted by the U.S. Coast Guard, days after U.S. President Donald Trump announced a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, east of Barbados in the Caribbean Sea on Dec. 20, 2025. Department Of Homeland Security | Via Reuters The escalating…
Oil prices held on to most gains from the previous session in early trading on Thursday as investors awaited U.S.-China trade talks later in the day. Anton Petrus | Moment | Getty Images U.S. crude oil on Tuesday fell below $55 per barrel, hitting the lowest level since early 2021 as traders factor in a…
This aerial picture shows the oil tanker Boracay anchored off the Atlantic Coast off Saint-Nazaire, western France on October 1st, 2025. French authorities said Wednesday they were investigating the oil tanker Boracay anchored off the Atlantic Coast and suspected of being part of Russia’s clandestine “shadow fleet”. Damien Meyer | Afp | Getty Images Oil…
Traditional painted houses overlooking sea ice in the Old Nuuk district near the Sermitsiaq mountain in Nuuk, Greenland, on Thursday, April 3, 2025. Bloomberg | Bloomberg | Getty Images A global scramble to exploit the Arctic’s untapped resources appears to be kicking into overdrive. In a push to break China’s mineral dominance, countries around the…
A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images The International Energy Agency’s latest outlook signals that oil demand could keep growing through to the middle of the century, reflecting…
US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on July 29, 2025. Brendan Smialowski…
