Oil Soars on Hormuz Blockade
Oil surged after President Trump announced plans to reinstate a blockade on Iranian shipping and impose fees on cargo moving through the Strait of Hormuz.
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Russian Refinery Runs Plunge to Lowest in More Than 2 Decades
A wave of Ukrainian attacks has pushed Russian refining runs to the lowest in more than 21 years.
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UAE Tells OPEC Its Oil Production Surged Last Month
The United Arab Emirates informed OPEC that its oil production surged by 80 percent last month.
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USA Strategic Petroleum Reserve is 56 Percent Empty
Or 44 percent full - depending on how you want to look at it.
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South Africa Plans First Oil Reserves Boost Since Apartheid
South Africa plans to increase its strategic oil reserves for the first time since the apartheid government stockpiled crude.
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Falling Fertility Threatens Energy Demand, WoodMac Warns
Falling fertility rates threaten long term energy demand, Wood Mackenzie warned.
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Oil Jumps After Battle for Hormuz Control Escalates
'Fresh strikes by U.S. and Iran renewed concerns about the safe passage of oil and other key commodities through the narrow waterway', Saxo Bank said.
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USA, Iran Trade Fresh Strikes
The U.S. and Iran exchanged fresh strikes overnight into Monday as they continued their tit-for-tat attacks.
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TotalEnergies Sells Small-Scale Solar Assets in Europe
The sale is part of TotalEnergies' efforts 'to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale', the French energy giant said.
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Birol Urges EU to Reconsider Arctic Drilling Moratorium
International Energy Agency Executive Director Fatih Birol pressed the European Union to revisit its moratorium on drilling for oil and gas in the Arctic.