US gasoline hits $4.47 as diesel sets record ahead of holidays
The U.S. national average gasoline price hit about $4.47 a gallon on Sept. 18, up 4% in a week, while…
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Iran says Strait of Hormuz will stay closed, deepening US tensions
Iran has declared the Strait of Hormuz will stay closed until unspecified conditions are met, deepening its standoff with the…
Saudi Arabia signals major response to Houthi attacks as pipeline restart odds fall
Saudi Arabia is preparing a major response to Houthi attacks on its infrastructure, and traders are already pricing in a…
Energy Giants Bet Billions on Floating LNG and Record VLCC Orders
Abu Dhabi's ADNOC investment arm XRG is reportedly considering buying up to 50% of Energos Infrastructure, a floating-LNG platform that…
Hormuz oil shock set to cut global fossil fuel emissions 0.5% in 2026
Global fossil fuel emissions are on track to fall roughly 0.5% in 2026, the first annual drop since 2020, as…
