Europe’s Heatwave Is Hitting Refineries And Power Supplies
Extreme heat and drought are beginning to impair Europe’s energy system. Refineries are losing cooling efficiency, river levels are forcing cuts to nuclear generation, hydroelectric output is falling and inland fuel transport is becoming more expensive as barges carry smaller cargoes. Temperatures a
Middle East War Throws LNG’s Growth Story Into Doubt
The Middle East war has caused what may well be an unprecedented degree of disruption in global energy flows. While crude oil gets a lot of the attention—and with good reason—the situation in liquefied gas is arguably worse and deserving of more attention. The war, some believe, could reshape the lo
Big Tech Turns to Fuel Cells to Power the AI Boom
Tech giants are tapping fuel cell developers and providers to power data and AI computing centers with technology that is cleaner and faster to implement than a conventional gas-powered electricity source. Fuel cells generate electricity by directly converting chemical energy into electrical energy
Venezuela’s Oil Production Grows at a Crucial Time Despite Challenges
Venezuela’s oil production is growing at a crucial time, with conflict in the Middle East disrupting traffic in the Strait of Hormuz, thereby crimping global petroleum supply. Since the U.S. captured President Nicolas Maduro in a daring night raid in early January 2026, Venezuela’s petroleum output
Philippines Could Become the World's First Geologic Hydrogen Hub
The Philippines is shaping up to be ground zero for the global geologic hydrogen revolution. The Southeast Asian nation reportedly has the largest natural hydrogen seeps anywhere on Earth, indicating that huge volumes of hydrogen could be stored under the ground, waiting to be exploited. If the Phil
Hormuz Crisis Is Rewriting the Global LPG Trade
The Strait of Hormuz, the Middle East’s main choke point, is effectively closed as Iranian attacks on vessels continue, and the ripple effect is tearing through global supply chains. While crude oil and natural gas disruptions have grabbed headlines, liquefied petroleum gas (LPG) also finds itself a
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Dollar hits seven-week low amid Hormuz deal hopes; yen holds intervention gains
China Accelerates Its Economic Push Across Central Asia
Uzbekistan, one of Central Asia’s economic drivers, is experiencing a significant expansion of Chinese economic influence. Bilateral trade during the first half of 2026 grew to $7.7 billion, according to official Uzbek government data, making China by far Uzbekistan’s largest trade partner. Beijing
India Hopes To Take Over Operation Of Venezuelan Oil Fields From PDVSA
India’s ONGC is poised to take over operation of two Venezuelan oil projects from state-owned PDVSA, which would give the Indian producer direct operational control over assets of the world’s largest proven crude oil reserves. Reuters exclusively reported Wednesday that ONGC expects to sign new agre
Aramco's Record Profits Hide a Growing Cash Flow Crisis
While most media are focusing on the financial windfall due to the geopolitical turmoil (Iran war), Saudi Aramco's second-quarter 2026 results hide risks facing the Kingdom. The world’s largest oil producer’s adjusted net income has reached $33.4 billion, taking first-half adjusted earnings to $67.2
Commodities
Japan’s intervention stabilizes yen as dollar weakens
BP’s New Boss Has a Message for Britain
In 2020, BP unveiled a “major, necessary step in support of our purpose to reimagine energy for people and our planet.” The new strategy – “performing while transforming” – would see the firm “significantly scale-up our low carbon energy business” as part of a commitment “to become a net zero compan
Hormuz Draft Agreement Reportedly Awaits Khamenei Approval
Oil markets are awaiting a decision from Iran’s supreme leader after Iranian and Omani negotiators reportedly completed a draft agreement that could reopen the Strait of Hormuz, the main export route for Persian Gulf oil and LNG. Two regional officials briefed on the talks told the Associated Press
India Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve Plan
Just a day after details emerged of India’s plans to expand strategic crude oil storage, new reports claim New Delhi is considering a new funding mechanism that would shift part of the cost of a far larger, $42-billion strategic fuel reserve program onto gas consumers. According to Business Standard
US Oil Product Inventories Continue to Fall
Crude oil inventories in the United States saw an increase of 2.5 million barrels during the week ending July 31, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 407 million barrels, according to governme
Hormuz Bottleneck Pushes Indian Refiners Toward West African Grades
Several Indian refiners have recently bought crude from Oman and West Africa via tenders, trade sources told Reuters on Wednesday, as term supplies from the Middle East remain choked by the shipping constraints at the Strait of Hormuz and Bab el-Mandeb. State-controlled Mangalore Refinery and Petroc
Ukraine Calls for Faster Patriot Deliveries After Deadly Russian Missile Barrage
Russian overnight drone and ballistic missile strikes killed at least 17 people in Kyiv and the surrounding region, as Ukraine warned of critical air defense shortages and urged allies to hasten deliveries of urgently needed Patriot air defense missiles and other weapons amid intensified Russian att
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Zimbabwe delays move to single currency amid stability concerns
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Treasuries mixed as oil drop eases inflation anxieties ahead of U.S. labor slate
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