Oil prices are heading for a roughly 4% weekly gain as prolonged U.S.-Iran tensions and restricted Hormuz traffic outweigh ...

BP has signed agreements with the Venezuelan government to advance offshore natural gas development, including an exploration and production license for Phase 2 of the Loran field in the Plataforma ...

China just installed 15,927 heliostats at a 100-MW molten-salt plant in Xizang, with grid connection targeted for October 2026. The project is designed to solve the storage gap behind China's solar ...

Pemex’s refining recovery is losing momentum just as strong fuel margins make higher domestic runs most valuable. Falling utilization rates are forcing Mexico back toward fuel imports while crude ...

Oil prices fell as sharply weaker 2026 demand forecasts and a huge U.S. inventory build outweighed persistent geopolitical risks around the Strait of Hormuz.

New Zealand has approved a 10-year petroleum mining permit for the Puka field as it seeks additional domestic natural gas supplies and new oil production.

Washington is putting real money behind advanced nuclear. The US Department of Energy is gearing up to hand X-energy another $1 billion for its planned nuclear project with Dow in Texas, bringing ...

The squeeze is showing up more in refined products than crude, with diesel markets expected to remain tight, volatile and expensive into next year unless Hormuz reopens and supply recovers.

Russia’s diesel and gasoil exports crashed in the first seven days of August to just 80,000 barrels per day (bpd), the lowest in many years, as Moscow extended restrictions on diesel exports amid a ...

Porsche is reportedly preparing to phase out production of its flagship Taycan electric sports car by 2030, marking a major setback for the German automaker’s once-aggressive electrification strategy.

U.S. electricity demand is set to hit record highs in 2026 and 2027, driven largely by the rapid expansion of AI and Big Tech data centers. The biggest constraint is the grid, particularly ...

Elevated oil prices are widening the cost advantage of China’s coal-based chemicals industry and driving sharply higher profits at Baofeng Energy.