A truck drives past an ADNOC Gas a subsidiary of the Abu Dhabi National Oil Company facility in Abu Dhabi on March 3, 2026. Ryan Lim | AFP | Getty Images The United Arab Emirates’ decision to leave OPEC and OPEC+ was based on the country’s economic vision and not on politics, the country’s energy…
China will ramp its crude oil imports from the United States because the world’s two largest economies are natural trade partners when it comes to energy, Chris Wright told CNBC on Friday. China is the largest oil importer in the world and the U.S. is the biggest producer. “There’s a natural energy trade there,” the…
Abu Dhabi is accelerating construction of the new West-East pipeline to Fujairah as it looks to expand its oil export capacity and bypass the Strait of Hormuz chokepoint. The project, expected to come online in 2027, will double the Abu Dhabi National Oil Company’s (ADNOC) export capacity. The second pipeline project comes as global energy…
Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company’s expected range. That values the chipmaker at over $100 billion. The company sold 30 million shares in its offering late Wednesday, raising $5.55 billion, the largest IPO for a U.S. tech company since Uber’s…
Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what’s expected to be a very busy year for new AI offerings. The IPO reeled in at…
In this picture obtained from Iran’s ISNA news agency and taken on May 2, 2026, the Gambia-flagged tanker vessel Bili is pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. (Photo by Amirhossein KHORGOOEI / ISNA / AFP via Getty Images) / Amirhossein Khorgooei | Afp | Getty Images U.S. President…
A huge art work banner newly posted on the corner of Vali Asr Square depicts Iranian missiles with messages addressing Minab schoolgirls and victims of Epstein Island on March 17, 2026 in Tehran, Iran. = Kaveh Kazemi | Getty Images The U.S. is imposing sanctions on companies and individuals across the Middle East and China…
Veiled pro-government supporters stand in a line under a banner depicting portraits of Iran’s late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei, as they wait to receive donated meals during a state-run religious rally in downtown Tehran, Iran, on April 29, 2026. Nurphoto | Nurphoto | Getty Images Up until the weekend, global…
In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 2, 2026 in Carson, California. Justin Sullivan | Getty Images Oil prices declined on Tuesday as traders assessed the risk of immediate supply disruptions amid renewed tensions between the United States and Iran. International benchmark Brent crude futures dipped 1.3% to…
A trading floor manager works on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 4, 2026. Michael Nagle | Bloomberg | Getty Images LONDON — European stocks are expected to open mostly lower on Tuesday as investors digest the latest developments…
