East-West Pipeline Key to Saudi Arabia’s New Oil Export Strategy

As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike its oil exports via the Red Sea route by boosting east-west pipeline…

IEA Warns of Largest Oil Supply Disruption in History

The Middle East war is creating the biggest supply disruption in the history of the oil market as flows of about 20 million barrels per day of crude and products…

RWE to Invest $19 Billion in U.S. Gas Power as Demand Jumps

Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation. …

TotalEnergies Freezes Fuel Prices in France Amid ‘Exceptional Volatility’

TotalEnergies is capping the price of gasoline and diesel at its stations in France to protect consumers from the “exceptional market volatility” since the beginning of the war in the…

Trump and Iran Signal No Quick End to War as Oil Tankers Burn in Iraqi Waters

The United States and Iran have signaled no quick end to their war, with U.S. President Donald Trump saying it was necessary to finish the job and Iran warning that…

US to Release 172 Million Barrels of Oil From Strategic Petroleum Reserve

The U.S. will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the…

Goldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz Disruption

Goldman Sachs raised its Brent and WTI crude oil price forecasts for the fourth quarter of 2026 to $71/67 per barrel from $66/62 as it sees longer disruption to oil…