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Energy

Oil Prices Rise as Iran Tempers U.S. Deal Hopes

May 22, 2026 at 13:46 | Julianne Geiger

Oil prices turned to a gain Friday after Iran poured cold water on growing market hopes for a near-term agreement with the United States, reminding traders yet again that optimism…

Asia’s Next Energy Hub May Rise in Malaysia

May 22, 2026 at 13:14 | Cyril Widdershoven

Global energy market assumptions are breaking down. Until the Iran War, global oil and gas markets were built on a dangerous illusion: that the Strait of Hormuz would always remain…

Higher Oil Prices Tempt US Drillers To Turn Up The Volume

May 22, 2026 at 12:16 | Julianne Geiger

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the…

Colombia's Natural Gas Crisis Deepens as Strait of Hormuz Closure Cuts Supply

May 22, 2026 at 10:32 | Matthew Smith

Strife-torn Colombia is facing a severe energy crisis at a critical juncture. Global supply of natural gas is heavily constrained due to the closure of…

Oil Markets Ignore Red Flags as Global Energy Crisis Deepens

May 22, 2026 at 10:24 | Tom Kool

Global oil markets remain under severe stress as Hormuz disruptions, weak economic data, and tightening inventories reshape energy flows worldwide.

3D-Printed Copper Plates Could Cut Data Center Cooling Energy Use by 97%

May 22, 2026 at 10:04 | Haley Zaremba

The artificial intelligence boom is creating an energy monster that the world is unprepared and unequipped to deal with. Providing enough energy to fuel the AI ambitions of…

Barclays Warns of Upside Risk to Its $100 Oil Price Forecast for 2026

May 22, 2026 at 04:18 | Tsvetana Paraskova

Risks to oil prices are firmly skewed higher amid plunging global oil inventories in the worst supply disruption in history, according to Barclays. The investment bank on Friday kept…

AI Could Unlock $500 Billion for Oil and Gas Producers by 2030

May 22, 2026 at 03:41 | Rystad Energy

Digitalization and artificial intelligence (AI) will create close to $500 billion in cumulative value for E&P companies between 2026 and 2030, according to Rystad Energy estimates. This value…

Iran Is Tightening Its Grip on the Strait of Hormuz

May 22, 2026 at 02:34 | RFE/RL staff

Shortly after the outbreak of the war with the United States and Israel, Iran took control of the Strait of Hormuz, a key artery for global oil and…

Kazakhstan Court Upholds $1.4 Billion Award Against Gazprom

May 22, 2026 at 02:21 | Eurasianet

A court in Kazakhstan has inserted itself into the Russia-Ukraine conflict, ruling in favor of the Ukrainian state gas entity Naftogaz in a $1.4-billion dispute with the Russian energy behemoth…

Volatility Spikes as Iran Diplomacy Collides With Hormuz Fears

May 21, 2026 at 20:43 | Editorial Dept

July WTI crude oil delivered a volatile week as traders aggressively repriced geopolitical risk and then rapidly removed part of that premium on hopes of a diplomatic breakthrough between the…

Taiwan Anxiety Mounts After Trump-Xi Meeting

May 21, 2026 at 19:58 | Editorial Dept

Politics, Geopolitics & Conflict The biggest (and only, really) takeaway from the Trump-Xi meeting is that, as we mentioned last week and the week prior, this is all…

The Hormuz Crisis Is Reviving Egypt’s Gas Hub Ambitions

May 21, 2026 at 19:39 | Editorial Dept

All the Hormuz chaos is giving Egypt another chance to become a gas hub. In the immediate term, Egypt is taking a hit, but the conflict is strengthening…

Why Saudi Arabia Is Losing Asia’s Oil Buyers

May 21, 2026 at 18:12 | Natalia Katona

Saudi crude exports have been falling since the US- Iran war began, but the latest slide is no longer just a story of disrupted trade routes. Cargoes scheduled to sail…

Brazil’s Lula Doubles Down On Oil And Rare Earths As Brazil’s Strategic Future

May 21, 2026 at 16:24 | Alex Kimani

Brazilian President Luiz Inácio Lula da Silva has explicitly linked oil exploration and rare-earth mining to Brazil's national sovereignty, declaring that the country’s…

Why Oil’s Supply Crunch Could Arrive Late

May 21, 2026 at 16:14 | Julianne Geiger

The oil market still looks surprisingly calm for a system that has spent nearly three months absorbing the largest supply disruption in modern history. That should probably make people nervous.…

U.S. Shale Opens the Taps — Carefully

May 21, 2026 at 13:58 | Irina Slav

U.S. shale oil producers are boosting output in response to the energy crunch caused by the war in the Middle East. Exports are running at all-time highs. The media are…

Norway’s Oil Industry Is Learning How To Produce More With Less

May 21, 2026 at 13:52 | Jan-Thore Bergsagel

Norway’s oil industry is entering a new phase where infrastructure utilization, subsea tie-backs, and recovery rates could matter more than giant new discoveries. Equinor and Aker BP on Thursday

ADNOC Warns Gulf Oil Disruptions Could Last Until 2027

May 21, 2026 at 11:08 | Cyril Widdershoven

It still seems that oil markets are believing their own theories more than hard-hitting warnings from Arab national oil companies. Even with all signs on red, optimism still shows oil…

Geologic Hydrogen Could Produce Clean Fuel for Less Than $1 Per Kilogram

May 21, 2026 at 10:54 | Haley Zaremba

For years, green hydrogen has been touted as a kind of silver bullet for decarbonization. Hydrogen can be combusted at high temperatures, making it a potential solution for…

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