Oil refinery costs are steering major producers away from new U.S. plants, as utilization peaks and gasoline tops $4 per gallon, sparking supply worries.

Hormuz shipping slumps after U.S.-Iran strikes; tanker crossings drop below 10-day average. Crude flows remain high despite tensions.

US oil company replaces Chinese and Russian operators in Venezuelan oil fields with new oil deals.

Goldman Sachs raises diesel refining margins forecast to $63 per barrel by 2027, citing tightening global capacity and geopolitical supply disruptions.

The US power grid struggles to meet rising electricity demand from AI data centers and EVs. Learn about the infrastructure challenges and energy transition issu

Kazakhstan faces a difficult energy dilemma as it navigates Russian pressure to support its war economy amid Ukraine's drone attacks.

Oil prices slide this week as Iran tensions keep markets uneasy, with Brent falling to $89.17 and WTI to $83.19, signaling a broader decline in crude.

Global oil supply security faces mounting risks as conflicts disrupt critical energy infrastructure and threaten stability in major producing regions.

Oil prices drop as Iran and Oman discuss joint management of Strait of Hormuz, sparking hopes of reopening the waterway for normal traffic and impacting oil pri

The US Treasury announces new sanctions on Iran's trade networks. Tehran vows retaliation in response to the pressure campaign targeting key partners.