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Energy

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U.S. Oil Reserves at Historic Low Amid Record Release
America’s Strategic Petroleum Reserve has plummeted to its lowest point since 1982 following the Trump administration’s historic release of 172 million barrels in response to escalating oil prices caused by Middle Eastern supply chain disruptions. This unprecedented...
Oil pumpjack in an open field
Oil Prices Fall Amid Iran-US Tensions
Oil futures tumbled 4.7% on Wednesday even as Iran leveled accusations against the U.S. for breaching...
Oil Price Drop: Market Reactions to Iran Peace Talks
Crude oil prices plummeted over 4% on Sunday following President Donald Trump’s announcement that discussions with Iran are advancing in a “constructive...
Gas Prices Soar: Memorial Day Hit by Iran Crisis
Iran's Uranium Move Lifts Oil Prices
Musim Mas Faces Criminal Charges for Eco Violations
Aramco CEO Predicts Extended Oil Market Recovery
E.ON's Bold Move: OVO Acquisition Shakes UK Market
Shell logo on the back of a uniform.
Shell's Strategic $16.4B Acquisition of ARC Resources
1 month ago
Shell has reached an agreement to purchase Canadian energy producer ARC Resources in a $16.4 billion transaction including debt, representing the oil major’s most significant...
BP's corporate logo and signage.
BP's Shareholder Revolt Sparks Climate Debate
1 month ago
BP (BP.L) encountered significant shareholder opposition at its annual meeting Thursday as investors rejected board proposals aimed at relaxing climate transparency obligations...
Oil pumpjack in a desert landscape.
Reliance Refutes Iranian Oil Reports Amid Waiver
1 month ago
Reliance Industries (RELI.NS) firmly rejected claims of acquiring Iranian crude oil despite temporary US sanctions relief, while India continues to balance complex geopolitical...
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US Crude Inventory Rises as Gasoline Stocks Dive
2 months ago
US crude oil inventories rose by 3.8 million barrels last week while gasoline and distillate stocks fell, the Energy Information Administration said Wednesday, signaling shifting...
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US Weighs Jones Act Waiver Amid Oil Price Surge
2 months ago
The Trump administration is considering a Jones Act waiver to allow foreign ships to transport oil between U.S. ports amid surging energy prices driven by Middle East conflicts. The...
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