Energy
Middle East conflict is the largest oil disruption ever, IEA says
The International Energy Agency on Thursday said the war in the Middle East is "creating the largest supply disruption in the history of oil markets" as crude prices spiked again and tankers came under fire in the Gulf region.
Iran’s unrelenting attacks on Mideast shipping and energy infrastructure send oil prices soaring
Unrelenting Iranian attacks on shipping traffic and energy infrastructure pushed oil above $100 a barrel Thursday, as American and Israeli strikes pounded the Islamic republic with no sign of an end to the war in sight.
April groundbreaking set for first new U.S. oil refinery in nearly 50 years
President Trump, seeking to reverse the longtime decline in U.S.-based oil refining, is taking credit for a new oil refinery set to open in Brownsville, Texas.
Trump says ships should still use Strait of Hormuz
President Trump said Wednesday he thinks oil tankers should still use the Strait of Hormuz to get oil flowing to the rest of the world.
Global energy coalition to release 400M barrels of oil to deal with shocks from Hormuz blockade
The International Energy Agency said Wednesday that member countries will release 400 million barrels of oil to alleviate price pressures from the war in Iran.
Iran targets commercial ships, Dubai airport and oil facilities as concerns grow over global energy
Iran attacked commercial ships on Wednesday across the Persian Gulf and targeted Dubai International Airport, escalating a campaign of squeezing the oil-rich region as global energy concerns mounted and American and Israeli airstrikes pounded the Islamic republic.
Japan marks 15 years since tsunami disaster as Takaichi pushes more nuclear energy use
Japan marked the 15th anniversary of the earthquake, tsunami and nuclear disaster on its northeastern coast Wednesday as the government pushes for more use of atomic energy.
Iran’s blockade of Strait of Hormuz could mean more money for oil-rich Russia
Russia may be the beneficiary of the ongoing conflict between Iran and the U.S.-Israeli partnership, regardless of the outcome, because of the Kremlin's calculation of its resources.
White House predicts gas prices will come down rapidly following the Iran war
The White House said Tuesday that gas prices will drop swiftly once President Trump achieves his war aims in Iran.
War in Iran would be ‘catastrophic’ for oil market, Saudi Arabia’s Aramco warns
The CEO of a major Saudi oil exporter said Tuesday the conflict in Iran could have "catastrophic consequences" for energy markets, as President Trump and Tehran officials engaged in a war of words over the Strait of Hormuz choke point.
Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas
The Iran war has put at risk some of the world's most critical oil and gas infrastructure - the pipelines, refineries, and shipping terminals that keep energy flowing from the countries around the Persian Gulf to the global economy.
Markets rebound after Trump suggests war with Iran is nearing completion
The Group of Seven said Monday it would tap strategic oil reserves if necessary after oil prices surged above $100 per barrel, heaping pressure on President Trump to address the economic fallout from his war with Iran.
Trump: High oil prices, surging to over $100 a barrel, are ‘small price to pay’ amid Iran war
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets.
Energy prices soar to levels not seen in years as Iran names new supreme leader and digs in
Oil prices spiked near $120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets.
Crude oil prices spike near $120 a barrel as the Iran war impedes production and shipping
Oil prices spiked near $120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets.
Iran names Khamenei’s son as supreme leader; Assembly defies Trump, who says he must OK choice
Iran has named a new supreme leader, despite President Trump saying Sunday that new leaders will not survive without U.S. approval and vowing that he personally will be intimately involved with the postwar government in Tehran.
Oil tanker clears Strait of Hormuz, Trump’s energy secretary says, as gas prices surge
Energy Secretary Chris Wright said Sunday that an oil tanker has passed through the Strait of Hormuz, calling it an early sign that the crucial shipping route is starting to reopen.
Oil built the Persian Gulf. Desalinated water keeps it alive. War could threaten both
As missiles and drones curtail energy production across the Persian Gulf, analysts warn that water, not oil, may be the resource most at risk in the energy-rich but arid region.
Cuba says crews repaired a large power plant that caused a massive outage
Cuban officials said they expect to restart a large thermoelectric plant on Saturday after it shut down earlier in the week, sparking a massive blackout.
