Oil Prices Log Steepest Annual Drop Since 2020 – See the Key Events That Have Affected Oil Prices in 2025

Summary Brent set to post longest annual losing streak to date UAE withdraws forces from Yemen in conflict with Saudi Arabia Oversupply offsets geopolitical risks, sanctions on producing countries US…

US Oil Production Hit Record High in Oct, EIA Says

U.S. oil production hit a record high in October, according to the Energy Information Administration on Wednesday. Output rose by 31,000 barrels per day to 13.87 million bpd. Get the…

US Targets Crude Oil Tankers, Firms in New Venezuela-Related Sanctions, Treasury Website Shows

The United States on Wednesday imposed sanctions on four companies it said were operating in Venezuela’s oil sector as well as associated oil tankers, as President Donald Trump’s administration increases…

US Crude Stocks Fall, Gasoline and Distillate Inventories rise, EIA says

(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.9 million barrels to 422.9…

US Natgas Futures Fall Over 5% on Above Normal Weather Outlook, Eye Annual Gain

U.S. natural gas futures dropped more than 5% on Wednesday, pressured by warmer forecasts next week and a federal report indicating a smaller-than-expected gas withdrawal, yet record gas flows to…

US Sanctions Chinese Entities with Venezuelan Oil Links

The Trump administration stepped up a pressure campaign against Venezuela’s oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of…

Shipping Route for Kazakhstani, Russian Oil Offline Due to Glut, Weather

The Caspian Pipeline Consortium (CPC), which exports oil from Kazakhstan and Russia, has suspended acceptance and transshipment at its terminal in the Russian city of Novorossiysk due to adverse weather…

In quotes: What to watch out for in 2026

You can hear the full episode, including the review of 2025, below. The section looking ahead to 2026 begins from 36 minutes in. What do you think are the main…

Peru launches overhaul of Petroperu as debt pressures threaten national oil output

(Bloomberg) – Peru’s government is exploring splitting the assets of its ailing state-owned oil company, including a new multi-billion-dollar refinery that is generating losses.  President José Jerí made the announcement…

  • Coal
  • December 31, 2025
DOE Uses Emergency Powers to Freeze More Than 2 GW of Coal Retirements as Opposition Intensifies

A rapid succession of Section 202(c) emergency orders has forced utilities to keep more than 2 GW of coal capacity online across multiple regions, marking an unprecedented federal intervention in…