Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
A drone attack from Iraq forced Saudi Arabia to close its East-West pipeline, a critical alternative route that bypasses Iran's Persian Gulf blockade and threatens regional oil supply stability.
Oil prices have climbed back above $100 per barrel amid tight global supply conditions, with China's demand potentially determining the trajectory of energy markets.
Saudi Arabia has shut its critical East-West oil pipeline following a drone attack, with Riyadh attributing the strike to Iraqi origins. The pipeline bypass route around the Strait of Hormuz is now offline.
Turkey's heavy reliance on imported oil and petroleum-dependent transport sector creates strong domestic demand for local crude production, particularly as renewable electricity expansion doesn't reduce vehicle fuel consumption.
Saudi Arabia has shut down an oil pipeline as Houthi forces intensify attacks on shipping in the Red Sea, escalating regional tensions and threatening global energy supplies.
Saudi Arabia shut down a crucial pipeline following a drone attack from Iraq, sending oil prices to $110/barrel amid escalating Middle East tensions.
Houthi militia captured a strategic island in the Bab al-Mandab Strait while Saudi Arabia shut down a critical oil pipeline following a drone attack from Iraq, threatening global shipping and energy flows.
Vessel transits through the Strait of Hormuz fell to just seven on Thursday, far below the 10-day average of 15, as geopolitical tensions and U.S. sanctions severely disrupt global energy supply routes.
IGN Southeast Asia highlights MapGenie's interactive map for Mortal Shell 2, featuring filters for landmarks, items, equipment, and enemies across the game world Fallgrim.
Energy Secretary Chris Wright says a 30-minute US military operation removing Nicolás Maduro has enabled Venezuela's oil production to more than double by end of 2027, with Chevron investing $7 billion to reach 600,000 barrels per day.
Argentina ha incorporado cinco empresas petroleras británicas a su lista de demandadas penalmente por operaciones en las Islas Malvinas, incluyendo subsidiarias de Rockhopper Exploration y otras compañías que operan en el archipiélago disputado.
OPEC lowered its 2026 global oil demand growth forecast while raising 2027 projections to 2.4 million barrels per day, citing supply adjustments and Saudi production concerns.
Trump's personal holdings in nine major oil and gas companies gained $1.5M-$4.4M in paper value during wartime with Iran, with trading patterns closely aligned to market-moving policy announcements, raising conflict-of-interest concerns.
Brent crude oil remains above $100 per barrel as maritime tanker attacks intensify supply concerns in global energy markets.
The US Department of Energy is providing a $1.9 billion loan to NextEra Energy to restart a shuttered nuclear power plant in Iowa, with operations expected to resume in 2029.
Venezuela's opposition faction is set to lose oversight of Citgo, a US-based refiner, marking a significant shift in control of the strategic asset amid ongoing political tensions.
Brent crude approaches $100/barrel as geopolitical risks from Iran-US tensions and Saudi energy infrastructure attacks threaten critical oil shipping routes through the Strait of Hormuz, with analysts warning disruptions may persist into 2027.
El Gobierno argentino presentará denuncia penal contra subsidiarias de la petrolera israelí Navitas por operar sin autorización en Malvinas, alegando violación de leyes nacionales sobre recursos naturales en territorio disputado.
A survey of young researchers reveals growing concerns about the future trajectory of science in the United States, highlighting potential challenges to the scientific workforce.
Mitsui OSK Lines ha consolidado seis filiales especializadas en gestión marítima bajo MOL Global Ship Management, centralizando la supervisión de más de 200 embarcaciones globales e implementando inteligencia artificial para optimizar operaciones.
ONGC planea invertir aproximadamente Rs1 billón hasta 2031 en exploración en aguas profundas para añadir 5.600 millones de toneladas de reservas de petróleo, mientras negocia su participación en proyectos petroleros en Venezuela.
OPEC and allied nations agreed to keep oil output unchanged in October amid geopolitical tensions including U.S.-Iran strikes, maintaining current production quotas.
Venezuelan opposition groups express concern that new U.S. oil agreements with Caracas may legitimize the authoritarian regime and delay democratic reforms.
EU gas storage facilities are only 65% full at the start of September, a historic low for this time of year, as Middle East conflict disrupts supply and prices surge, threatening winter energy security.
