BP Locks Out Union Workers at its Midwest Refinery

BP locks out union workers at its Midwest refinery BP on Tuesday said it will lock out approximately 800 United Steelworkers members from its 440,000 barrel-per-day Whiting, Indiana, refinery starting…

PERSPECTIVE: China’s Economic Hand Quietly Strengthens as Trump Hogs Spotlight: McGeever

By Jamie McGeever (Reuters) – With much of the world’s focus this year fixed on U.S. President Donald Trump’s controversial foreign policy agenda, many may have missed China’s quiet –…

US Drivers Face Long-Term Pain at Pump, Analysts Say; Trump Bets They are Wrong

Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: US EIA lifts forecast for average 2026 crude price by 37% EIA’s average gasoline price estimate for…

US Oil Loan From Emergency Reserve Depends on Stiff Premiums

A U.S. plan to help control global oil prices with a swap of millions of barrels of oil from the Strategic Petroleum Reserve depends on energy companies returning oil back…

Why Oil-Spooked Markets May be Wrong About the Fed: Joachim Klement

Markets on edge about the Iran-war-driven oil shock are extrapolating today’s stress far into the future – and may thus be badly misjudging how dovish the Federal Reserve will be…

Iraq and Kurdistan Strike Deal to Restart Key Oil Pipeline

The governments of Iraq and the semi-autonomous region of Kurdistan have reached an agreement on the terms to restart the flow of oil via the Kirkuk-Ceyhan oil pipeline, starting today.…

Fire at Libya’s Sharara Field Triggers Oil Flow Reroute

A pipeline leak at Libya’s largest oil field, Sharara, caused a fire on Thursday, prompting a redirection of the flow of oil, the National Oil Corporation said in a statement.…

Only 90 Ships Have Crossed Hormuz Since War Broke Out

A total of some 90 ships have passed through the Strait of Hormuz since the U.S. and Israel started bombing Iran earlier this month, according to data from maritime traffic…

Norway’s Equinor Makes Oil Discovery Near Huge Arctic Field

Equinor has made an oil discovery in a wildcat well in a prospect close to the giant Johan Castberg field in the Barents Sea, the Norwegian Offshore Directorate said on…

U.S. Waiver Fuels Surge in India’s Russian Crude Imports

India is winning the competition with China to attract Russian crude cargoes with vessels turning mid-voyage away from their previous Chinese destinations and heading for India, as the U.S. waiver…