Oil Climbs as Middle East Tensions Remain High
Oil prices rebounded as tensions in the Middle East remained high despite a recent pickup in exports that calmed supply fears.
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U.S. Crude Oil Stockpiles Jump
Commercial crude oil stocks rose by 900,000 barrels last week. Analysts had expected crude stocks to fall by 200,000 barrels.
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Major Wall Street Banks Lift Oil-Price Forecast, Survey Shows
Major Wall Street banks have raised their oil-price forecasts for this year and early next, as stalled efforts to end the Iran war leave the market vulnerable to fresh supply shocks despite a rebound in Middle East crude exports.
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Pleasants Power Plant Taps Kirkland After Judge Disqualifies HSF Kramer
Kirkland replaced HSF Kramer after the firm was disqualified over its prior work for lenders holding liens on the bankrupt power plant's assets.
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Middle East Crude Oil Exports Back at Prewar Levels, Analysts Say
The region's major crude producers have ramped up supplies through alternative pipelines, ports and ship-to-ship transfers to navigate disruptions due to the Iran conflict.
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China Has the Power to Bail Out the Diesel Market. Will It Use It?
Chinese oil refineries are only using 75% of their capacity at the moment.
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Energy & Utilities Roundup: Market Talk
Find insight on the oil futures, Thames Water and more in the latest Market Talks covering Energy and Utilities.
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Shell to Double Production Capacity at LNG Canada
The British energy major said it would build two additional liquefaction plants to double production capacity to 28 million metric tons a year as it bets on growing gas demand in Asia.
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Middle East Oil Exports Rebound as Iran's Chokehold on Hormuz Breaks Down
The erosion of Iran's position comes as the U.S. Navy and Gulf oil producers have become better at fending off or evading Iranian attacks, allowing more tankers to cross the strait.
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TotalEnergies Sets Out Growth Plan Until 2035
The French energy company said it plans to invest between $14 billion and $17 billion per year between 2027 and 2032.
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Pushback Builds as Battery Storage Systems Come to Crowded Neighborhoods
The batteries can help meet peak demand and support renewable energy. But local residents fear they also raise the risk of fires.
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U.S. Pressure Is Awakening an Energy Giant in Canada
America's trade hostility and war in the Middle East could fuel a renaissance in Canada.