Senators Reach Agreement With Trump On Russia Sanctions Bill
The report said the legislation is intended to increase pressure on Russia by imposing penalties on nations that continue buying Russian oil and natural gas.
Energy
IEA Sees Annual Drop In Global Oil Demand
The agency said demand will fall by about 1 million barrels per day in 2026 compared with the previous year.
Russia's Diesel Export Ban Raises Global Supply Concerns
Export ban comes as global energy markets remain under pressure from renewed U.S.-Iran tensions and concerns over shipping through the Strait of Hormuz
Chinese Team Builds High Efficiency Nuclear Battery
The battery was jointly developed by Northwest Normal University and Gansu Zhulong Technology
Cuba Faces Fresh Blackout As US Pressure Intensifies
President Miguel Díaz-Canel blamed U.S. restrictions on fuel imports, accusing Washington of attempting to create social unrest through economic pressure.
Fuel Shortages Hit Most Russian Regions, Report Says
More than 50 Russian regions have officially acknowledged gasoline supply problems, while many others have reported unofficial disruptions and fuel rationing.
Iran MOU Tactical Operation To Refill Oil Stocks: Vance
The MOU is to fill the world's oil stocks and then see "where the hand is", U.S. Vice-President said.
What Is Driving The Sharp Decline In Global Oil Prices
Brent crude was trading near $73 a barrel, while U.S. West Texas Intermediate hovered around $70
Putin Acknowledges Fuel Deficit As Ukraine Targets Oil Refineries
Putin described the fuel shortage as temporary, saying Russia would increase fuel imports, speed up refinery repairs and strengthen air defenses against future drone attacks.
Analysts Warn Oil Market May Be Too Optimistic
Brent crude was trading near $72.45 a barrel on Monday, far below its wartime peak of more than $188 in April.
Iraq Calls For Higher Oil Quotas As OPEC Tensions Grow
Iraq, OPEC's second-largest oil exporter, has become increasingly concerned about its heavy reliance on oil exports through the Persian Gulf following the conflict involving the United States, Israel and Iran.
What Drove America's Inflation To A Three-Year High
Core inflation, which excludes volatile food and energy prices, increased only slightly to 3.4% from 3.3%, suggesting underlying price pressures remained relatively contained
Tanker Traffic Through Hormuz Pushes Oil Prices Lower
Brent crude fell 1.3% to $72.75 per barrel, while U.S. West Texas Intermediate dropped 1.1% to $69.60, returning to levels seen before the war began in late February.
Why Does Chevron CFO Say Gas Prices Will Take Time To Fall
Chevron is increasing production by 7% to 10% this year while optimizing operations to meet global energy demand. She said the company is doing everything it can to supply energy efficiently.
Crude Prices Slide As Strait Of Hormuz Shipping Improves
Continued tanker movement through the Strait of Hormuz boosted investor confidence that global energy shipments would remain largely uninterrupted.
Europe Battles Extreme Heat As France Suffers Blackout
According to Meteo France, the country recorded its hottest day ever on a national scale, with temperatures reaching 44.3 degrees Celsius in southwestern France. Several cities also registered unprecedented readings.