Two Saudi oil tankers depart Red Sea amid regional tensions
Two Saudi oil tankers successfully transited the Red Sea over the weekend, signaling continued maritime commerce despite regional security concerns affecting global energy markets.
economy
Energy
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.
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Coverage (729 articles)
520-million-year-old fossil reveals earliest known cephalopod buoyancy system
Scientists discovered a 520-million-year-old cephalopod fossil with the earliest known buoyancy control system, pushing back the evolutionary origin of the group by 30 million years.
Hungary faces critical energy crisis as drought forces nuclear shutdown
Hungary's PM warns of critical days ahead as extreme drought threatens nuclear power plant operations and river transport, risking widespread power cuts across the nation.
OPEC+ Completes Oil Production Rollback With September Increase
OPEC+ agreed to increase oil production in September, finalizing the reversal of voluntary production cuts previously implemented by the cartel.
Golfinhos raros encontrados mortos no litoral do RS; biólogos investigam vírus e El Niño
Quatro golfinhos-de-Fraser foram encontrados mortos em dez dias no litoral do RS. Biólogos investigam possível contágio de morbilivírus e efeitos do El Niño como causas.
Michigan Supreme Court blocks Enbridge oil pipeline permit under Great Lakes
Michigan's Supreme Court rejected a permit for Enbridge's oil pipeline project beneath the Great Lakes, marking a significant legal victory for environmental and indigenous groups opposing the infrastructure.
Seasonal Welding Fume Exposure Poses Significant Health Risks, Study Finds
A Nature study of Iranian oil refinery welders found that seasonal variations significantly increase metal fume exposure, with summer conditions elevating iron and lead concentrations and creating carcinogenic risks exceeding safe thresholds for substantial worker populations.
Gigantes petroleros duplican ganancias mientras consumidores pagan más por combustible
Grandes empresas petroleras como Exxon y Chevron duplicaron y cuadruplicaron sus ganancias durante el segundo trimestre mientras la guerra en Oriente Medio interrumpía suministros globales, elevando precios de combustible para consumidores.
Commercial LPG prices cut by over Rs 200 effective August 1
India's commercial LPG cylinder prices dropped by over Rs 200 effective August 1, marking the second consecutive monthly cut. A 19-kg cylinder now costs Rs 2,728 in Delhi and Rs 2,872.50 in Kolkata.
Dramd lança OPA por permuta para trocar Randoncorp por ações da Frasle
A holding Dramd propõe trocar ações da Randoncorp por papéis da Frasle, com apoio da Previ, em operação que busca fortalecer controle sem formalidades de OPA tradicional.
Oil Giants Post Record Profits as Geopolitical Tensions Spike Energy Prices
Major oil companies report exceptional profits driven by elevated crude prices stemming from Iran-related geopolitical tensions, while consumers face rising fuel costs at the pump.
Oil Giants Post Record Profits as Geopolitical Tensions Spike Energy Costs
Exxon and Chevron reported combined $26.5B quarterly profits as geopolitical conflicts drive crude prices higher, drawing political criticism over consumer gas price impacts.
EU mulls emergency response as Danube drought forces nuclear shutdowns across Eastern Europe
Record-low Danube water levels force Hungary and Romania to reduce nuclear power output, prompting EU emergency discussions as Eastern Europe faces potential energy crisis.
Justiça homologa maior recuperação extrajudicial do País para a Raízen
A Raízen obteve homologação judicial para seu plano de recuperação extrajudicial de R$ 98,63 bilhões, o maior do País, com apoio de 81,6% dos credores e sem impugnações.
Havana's Power Crisis Sparks Underground Party Movement
David González has become Havana's party host during Cuba's electricity shortage by using a giant battery system, raising questions about whether the phenomenon could evolve into a broader social movement.
In Cuba's Blackout, One Family Powers a Movie Night
As Cuba faces severe energy shortages from the US oil blockade, one Havana family's modified generator enables a neighborhood children's movie night, illustrating daily resilience amid crisis.
NZ awards first offshore oil permit since lifting exploration ban
New Zealand granted its first offshore petroleum exploration permit to EnZed Energy following the coalition Government's repeal of the offshore drilling ban, as natural gas reserves have declined 23% year-over-year to historic lows.
Oil marketers urge Ghana to suspend GH¢1 fuel levy as prices surge
Ghana's Chamber of Oil Marketing Companies urges government to suspend the GH¢1 fuel levy to cushion consumers from rising global oil prices and exchange rate pressures, warning of further price increases ahead.
Turkey secures Iraqi oil stake in historic energy alliance
Turkey's state petroleum company acquires 15% stake in BP-operated Kirkuk oilfield, potentially receiving 1 million barrels daily from Iraq. The deal replaces an expired 1975 crude oil agreement and strengthens bilateral ties amid regional energy security concerns.
Ferry Disaster Exposes Cracks in Guyana's Oil-Fueled Growth
A ferry capsizing in Guyana killed dozens, marking the nation's deadliest disaster since 1978, prompting scrutiny of safety standards amid rapid economic growth from oil production.
Middle East War Pushes Asian Nations to Reduce LNG Dependence
Developing Asian nations are scaling back reliance on imported liquefied natural gas following Middle East conflicts, shifting away from global energy market dependence that underpinned their growth strategies.
Blackstone, Brookfield y KKR arriendan oleoductos kuwaitíes por 16.000 millones
Blackstone, Brookfield y KKR firman acuerdo de arrendamiento por 16.000 millones de dólares para operar la red de oleoductos de Kuwait durante 20,5 años, la mayor inversión extranjera directa en la historia del país.
Oil boom energizes Calgary Stampede as Alberta's energy sector thrives
High oil prices are influencing conversations at the Calgary Stampede, the world's largest outdoor rodeo, reflecting Alberta's economic dependence on its fourth-largest global oil reserves.
Soviet Venus probe from 1972 returns to Earth intact after 53-year journey
A Soviet probe launched in 1972 to explore Venus unexpectedly returned to Earth on May 10, 2025, with its titanium shell potentially intact after surviving re-entry.