The Strait of Hormuz is a narrow strip of water that links the Persian Gulf to the rest of the world. It's the world's single-most important energy corridor, and there's no alternative route.
So Who Keeps Trying To Blow It Up
Happy holidays! Motorists face cheapest Thanksgiving gas prices since the pandemic as price of a gallon falls to $3.29
On October 7, Hamas, an armed Palestinian militant organization that controls the Gaza Strip, launched Operation Al-Aqsa Flood.
Biden invokes emergency wartime powers to boost heat pump production with $169M in federal funds in administration's latest push to replace gas appliances
Off the coast of Gaza sits $453 billion in liquefied natural gas and 1.5 billion barrels of oil. Israel's interest in driving the Palestinians out of the Gaza Strip may have more to do with money than religion or terrorism.
Since the war started, Israel has already awarded a dozen oil and gas exploration licenses in Palestine to six different Big Oil companies, including BP.
Russia is set to raise further its natural gas pipeline supply to China after state giants Gazprom and China National Petroleum Corporation (CNPC) signed an agreement on Thursday for the delivery of additional volumes of Russian gas to China through
Kathryn Porter in The Telegraph, has compiled quite the list of failures as offshore wind projects get frozen around the world. Decisions are being delayed, contracts abandoned, auctions left without bidders and almost no new projects started.
Last week we described moves in the bond market as chaotic, but the silver lining was a sharp pullback in crude oil prices that saw Brent move from more than $97/bbl at one point to $84.58/bbl by the end of the week.
Climate Tales: BlackRock got Exxon to divest oil fields that PetroChina wanted (which BlackRock also owned shares in)
A significant build in gasoline inventories combined with demand concerns to push oil prices lower, with gasoline inventories now 1% above the five-year average for this time of year.
'It is nearly impossible to overstate the importance of today's announcements'
"We're running out of oil - you can see how low storage is at Cushing,"
If the Strategic Petroleum Reserve (emphasis on "Strategic" and "Reserve) is not empty, it has to be getting pretty darn close to becoming the national equivalent of closet space.
MOTOR NO MORE Iconic British car firm will discontinue production of ALL diesel & petrol motors – in 'biggest change in history'
The price of gasoline in the United States is climbing once more as production hit a summer low while major producers Saudi Arabia and Russia cut their output.
With Diesel prices already soaring (in anticipation of the highly vaunted soft landing), recently sending the diesel crack to 2023 highs and assuring that refiners have another blowout quarter, Russia just handed a gift to the Exxons of the world...
Refineries are closing due to environmental pressure. However, the public does not want EVs and the demand for diesel and jet fuel is on the rise.
...if OPEC and its allies were almighty and the drivers of oil prices, why have Brent and West Texas Intermediate (WTI) crude plummeted in 2022? OPEC only reacts to demand, but it is not a price-setter. It is a price-taker.
Storing fuel isn't as easy as some folks make it sound. Store it wrong and the results could be catastrophic. Here's what you need to know from a former fuel industry engineer.