Drone Strike Shuts Russia’s Largest Refinery as Fuel Shortages Worsen

Ukraine has landed one of its most consequential blows yet against Russia’s energy sector, knocking out the country’s largest oil refinery just as Moscow is scrambling to contain a widening…

US Cancels Oil Waiver and Strikes Iran Anew

The US carried out a new round of strikes in Iran targeting more than 80 sites and revoked a waiver allowing new sales of its oil, further imperiling a peace…

Oil Jumps After Settlement as US Revokes General License for Iran Oil Sales

By Saudi-flagged crude oil tanker damaged near Hormuz after LNG tanker hit, sources say Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say Ukrainian drones strike eight…

US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says

By Commercial electricity demand is expected to outpace residential demand in 2026 for the first time on record Renewables’ generation share rises from around 24% in 2025 to 27% in…

Exxon Mobil Signals Higher Second-Quarter Earnings

July 7 (Reuters) – U.S. oil and gas major Exxon ​Mobil (XOM.N) signaled on Tuesday that changes in ‌oil prices would boost its second-quarter upstream earnings by $3.5 ​billion to…

US Revoking License That Authorized Iranian Oil Sales, Official Says

(Reuters) – The United States is revoking a general license that authorized the sale of Iranian oil, a U.S. official said on Tuesday, warning that Iran’s actions in the Strait…

Global Oil Output to Return to Pre-Iran War Level by Year’s End, US EIA Says

(Reuters) – Global oil output and trade flows should rebound fully by the end of this year from the disruptions caused by the Iran war, the U.S. Energy Information Administration…

Ugandan Farmers Sue to Block $5 Billion East Africa Oil Pipeline

A group of Ugandan farmers on Tuesday filed a case in the UK High Court against the developer of a $5-billion oil pipeline in East Africa, seeking to stop the…

Trilateral cooperation agreement on SMR deployment

The memorandum was signed on Tuesday on the margins of the NATO Summit in Ankara, Turkey, by US Secretary of State Marco Rubio, Japan’s Foreign Minister Motegi Toshimitsu, and South…

Dukovany project on schedule, says Czech ministry’s progress report

In the department’s update on progress in the year since the contract with Korea Hydro & Nuclear Power (KHNP) was signed for two new nuclear units near the Dukovany Nuclear…