Crude oil surges $4.30 as geopolitical tensions rise following missile strikes on a key Saudi airport. Crude oil prices climbed $4.30 to $75.74 after reports of a missile attack on Abha International Airport in southern Saudi Arabia. The move brings prices near the July 8
Quick Read - AMLP trades near $53, up 17% year to date, with every major holding raising distributions to support its ~8% yield heading into 2027. - EPD extended its 27-year distribution growth streak while MPLX delivered a 13% raise, though leverage climbed to 3.7x after three...</strong
The European Union imported a record 9.97 million metric tons of liquefied natural gas (LNG) worth €5.96 billion (~$6.82 billion) from Russia's Yamal LNG facility in the first half of 2026, marking a 16% increase compared to the same period in 2025 as they front-loaded Russian...
Rising geopolitical risks in the Middle East push crude prices higher amid stalled negotiations over nuclear programs and shipping routes. Oil prices climbed on Monday as U.S.-Iran tensions escalated over control of the Strait of Hormuz, a critical global shipping chokepoi
Greenfire Resources agrees to acquire Connacher Oil and Gas for $1.277B, boosting its thermal oil sands portfolio in Alberta. Greenfire Resources (GFR) climbed 3.9% in pre-market trading after announcing a $1.277B cash acquisition of privately held Connacher Oil and Gas. T
Artificial intelligence is emerging as an unexpected source of inflationary pressure, complicating the US Federal Reserve's battle against rising prices even as oil markets have calmed, according to Barclays. The bank argues that while investors had been focused on the fad
Nigeria’s crude oil production hit a six-year high in June, as operations continued to stabilize and no major outage incidents occurred, just as the new flare-up in Iran threatens flows through the Strait of Hormuz again. Nigeria pumped 1.56 million barrels per day (bpd) o
High Court ruling rejects majority of defeat device allegations involving 1.6 million diesel vehicles from five major manufacturers. The UK High Court dismissed most diesel emissions claims against Mercedes-Benz, Ford, Nissan, Renault, and Stellantis’s Peugeot-Citroën-DS d
Tanker traffic through the Strait of Hormuz dipped on Sunday to the lowest number in five weeks as the latest U.S.-Iran escalation reignited concerns among ship operators about safety at the key oil and LNG chokepoint. On Sunday, after the U.S. carried out a third wave of
Military strikes between the U.S. and Iran raise concerns over supply risks through the critical Strait of Hormuz. Oil prices climbed more than 2% as renewed U.S.-Iran military strikes heightened fears of disruptions in the Strait of Hormuz, a key chokepoint for global ene
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