Energy

🇺🇸🇮🇶 US oil giant Chevron explores new pipeline routes in Iraq to bypass the Strait of Hormuz.

DIESEL HITS $5 AGAIN GasBuddy data shows the national average diesel price has climbed back to $5 per gallon. Diesel fuels the trucks that move nearly everything we buy—from groceries to household goods and essential supplies. When diese

DRONE CRASHED INTO OIL TANKER IN IRAQ'S BASRA TERMINAL, NO DAMAGES OR FIRE - FOUR IRAQI OIL AND SECURITY SOURCES

CUBA'S NATIONAL ELECTRIC GRID COLLAPSES, SAYS CUBA'S STATE MEDIA

STOLT TANKERS: VESSEL STOLT MAGNESIUM SUFFERED FROM EXPLOSION OF UNIDENTIFIED EXTERNAL DEVICE WHILE ON PASSAGE OFF THE COAST OF OMAN

Brent Rises 10% as Trump Reinstates Iran Blockade, Proposes 20% Hormuz Cargo Charge According to Bloomberg, U.S. President Donald Trump reinstated a blockade on vessels entering or leaving Iranian ports and proposed a 20% charge on cargo c

🇺🇸🇮🇷 Brent crude oil surges 10% as US-Iran war resumes.

TRUMP SIGNED REGULATORY RELIEF FOR ‘CERTAIN STATIONARY SOURCES’

U.S. POWER COSTS SURGE TO MULTI-YEAR HIGHS Natural gas power costs hit $90 per megawatt-hour in 2026—the highest level in at least 17 years—as data-center demand accelerates. Solar and onshore wind costs also jumped more than 10%, reachin

IEA warns renewed US‑Iran fighting could trigger another global oil shortage

ATHA ENERGY REPORTS 37M OF TOTAL COMPOSITE URANIUM MINERALIZATION AT RIB NORTH - THE HIGHEST EVER RECORDED - 120M AWAY FROM PREVIOUS RECORD, DEMONSTRATING CONTINUITY

HORMUZ SHIPPING SLUMPS AS ENERGY MARKETS TIGHTEN Commercial vessel traffic through the Strait of Hormuz fell 19% last week, with daily crossings dropping to 25 from 120 before the conflict. Freight rates declined but remain nearly double

*OIL EXTENDS GAINS, BRENT CRUDE RISES ABOVE $80 A BARREL

RUSSIA'S NOVAK: DUE TO TERROR ATTACKS ON ENERGY FACILITIES SOME REFINERIES WERE DAMAGED RUSSIA'S NOVAK: GASOLINE PRODUCTION HAS BEEN CUT RUSSIA'S NOVAK: SITUATION REMAINS COMPLEX RUSSIA'S NOVAK: FUEL FILLING STATIONS ARE UNDER PRESSURE

ATHA ENERGY MAKES MAJOR NEW DISCOVERY AT ANGILAK URANIUM PROJECT

Brent crude oil surges 6% above $75 after US revokes license that allowed Iran to sell oil.

U.S. POWER DEMAND TO HIT NEW RECORDS The EIA expects U.S. electricity demand to reach new record highs in 2026 and 2027, driven by AI data centers, crypto operations, and electrification. Commercial electricity use is projected to exceed

*US POWER USE TO BEAT RECORD HIGHS IN 2026 AND 2027: EIA

U.S. SEES OIL FLOWS RECOVERING FASTER The U.S. Energy Information Administration now expects global oil production and flows to return to near pre-war levels by late 2026, earlier than previously forecast. Most shut-in output is expected

RUSSIA HALTS OMSK OIL REFINERY, COUNTRY'S LARGEST, FOLLOWING MONDAY'S DRONE ATTACK, TWO INDUSTRY SOURCES SAY

FUTURES EXTEND GAINS, BRENT PRICES UP BY $2 A BARREL AFTER VESSELS ATTACKED NEAR STRAIT OF HORMUZ

STRAIT OF HORMUZ TENSIONS LIFT OIL Oil prices rose after Iran reportedly attacked ships crossing the Strait of Hormuz on the Omani side, highlighting renewed tensions over control of the waterway. WTI gained 1% and Brent rose 1.1%, while

ATTACKED QATARI LNG TANKER AL REKAYYAT IS AT RISK OF EXPLODING DUE TO A FIRE IN ITS ENGINE ROOM

CUBA`S NATIONAL ELECTRICAL GRID HAS COLLAPSED, REASON UNKNOWN - NATIONAL ELECTRIC UNION

STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FELL BY ABOUT 6.2 MLN TO 319.5 MLN BARRELS LAST WEEK, LOWEST SINCE 1983

TRUMP: SIKORSKY PAYING FOR WHITE HOUSE HELICOPTER LANDING PAD

SPOT GOLD FALLS 1% TO $4,131.21/OZ

SAUDI ARABIA SLASHES OIL PRICE TO ASIA Saudi Arabia cut the August price of its flagship Arab Light crude for Asia by $11 a barrel—the biggest reduction in at least 26 years. The move reflects weaker oil markets, rising global supply and

UAE CRUDE PRODUCTION JUMPS ABOVE 3.8 MILLION BARRELS PER DAY IN JUNE, SECOND-HIGHEST ON RECORD, TWO SOURCES FAMILIAR WITH DATA SAY

SAUDI OIL EXPORTS SURGE AFTER HORMUZ REOPENS Saudi Arabia is shipping its most crude through the Strait of Hormuz since the U.S.-Iran truce reopened the waterway. Four Bahri supertankers carrying about 8 million barrels have exited the Gu

*INDIA TO BUILD CRUDE OIL RESERVES AGAINST PRICE SPIKES

US CRUDE STOCKS IN SPR FELL IN LATEST WEEK TO LOWEST SINCE MAY 1983, EIA SAYS

VENEZUELA OIL EXPORTS EDGE LOWER Venezuela's oil exports slipped to 1.2 million bpd in June. Exports to the U.S. rose to 630,000 bpd, while shipments to India fell to 277,000 bpd. Chevron's Venezuelan oil exports increased to 293,000 bpd

OPEC+ IS LIKELY TO RAISE OIL OUTPUT QUOTAS FOR AUGUST BY 188,000 BARRELS PER DAY AT SUNDAY MEETING, THREE SOURCES SAY #OOTT

RUSSIA TURNS TO INDIA FOR GASOLINE Russia has begun importing gasoline from India to ease fuel shortages caused by Ukrainian attacks on its energy infrastructure. At least 60,000 tons have already been shipped, with Russia reportedly targ

SAUDI ARAMCO MAKES RARE SPOT OIL SALES AS ITS SHIPMENTS RAMP UP SAUDI ARAMCO HAS SO FAR SOLD AT LEAST 6 MILLION BARRELS OF CRUDE TO CUSTOMERS ACROSS SOUTH KOREA, JAPAN AND CHINA

SAUDI ARAMCO SELLS MILLIONS OF BARRELS OF OIL SPOT IN ASIA

U.S. WEIGHS BAN ON FOREIGN SOLAR INVERTERS The Trump administration is drafting a ban on foreign solar inverters over fears China could use them to disrupt U.S. power supplies. The FCC proposal could target new foreign inverter models and

BESSENT ON GAS PRICES: ENCOURAGE THEM TO BE GOOD ACTORS, WE'RE WATCHING -FOX

IRAN SAYS ITS OIL, PETROCHEMICAL SALES GREATLY FACILITATED

$AMZN - AMAZON INVESTS IN ONE OF THE WORLD’S LARGEST CARBON REMOVAL PROJECTS, CREATING 11,000 JOBS AND RESTORING NATURE AMAZON: TO BUY 1.95 MLN TONNES OF HIGH-QUALITY NATURE-BASED CARBON REMOVAL CREDITS GENERATED BY PROJECT

LARGEST US REGIONAL GRID PJM TO BREAK ALL-TIME SUMMER ENERGY DEMAND RECORD OF 166 GIGAWATTS ON JULY 2 - PJM FORECAST DATA

JUST IN: 🇺🇸 President Trump orders US gasoline retailers to drop gas prices. "If retailers don't do this, big problems lie ahead."

JUST IN: 🇺🇸 President Trump says gas prices are "coming down."

TRUMP: GAS PRICES FALLING FAST Trump says gas prices are dropping quickly and urges Americans to report any retail-level price gouging or abuses. “Gas prices coming down, fast! Report any abuses at retail level!”

IRAQ'S OIL MINISTRY SAYS OPEC HAS BEGUN GRADUALLY RESTORING IRAQ’S PRE-WAR PRODUCTION ALLOCATIONS WHICH WILL STRENGTHEN PRODUCTION CAPACITY AND SUPPORT OIL SECTOR RECOVERY

SPOT GOLD RISES 1% TO $4,064.56/OZ

SPOT GOLD RISES AROUND 1% TO $4,039.89/OZ

ANALYSTS CUT OIL PRICE FORECASTS Major banks are lowering oil price forecasts as tensions ease and shipping through the Strait of Hormuz normalizes. JPMorgan now expects Brent crude to average $80 a barrel in Q4 and $64 next year, citing w

US ENERGY SECRETARY WRIGHT SAYS ROUGHLY 72 SHIPS HAVE EXITED STRAIT OF HORMUZ IN LAST 24 HOURS, AMOUNTING TO 20 MLN BARRELS OF OIL

PARIS RECORDS HIGHEST EVER JUNE TEMPERATURE WITH 40.9C RECORDED AT PARIS-LONGCHAMP -METEO FRANCE

UK TEMPERATURE BREAKS RECORD FOR JUNE, HITS 35.7 CELSIUS IN SOUTHERN ENGLAND - BBC

WTI CRUDE FUTURES FALL BELOW $70 A BARREL AS SUPPLY CONCERNS EASE WITH MORE OIL TANKERS EXITING STRAIT OF HORMUZ

US ENERGY FIRMS FALL AS OIL PRICES HIT LOWEST SINCE START OF IRAN WAR, DOWN NEARLY 4% CHEVRON DOWN 2.3%, EXXON MOBIL DOWN 2.5%, CONOCOPHILLIPS DOWN 2.7% VALERO ENERGY DOWN 2.3%, DEVON ENERGY DOWN 2.7% OCCIDENTAL PETROLEUM DOWN 3%, APA CO

OIL FALLS AS HORMUZ TRAFFIC RECOVERS Oil prices dropped to their lowest levels since the start of the conflict as more ships resumed transits through the Strait of Hormuz under the U.S.-Iran agreement. Trump said Iran is not charging toll

SPOT GOLD EXTENDS FALL, LAST DOWN OVER 3% AT $3,978.79/OZ

SPOT GOLD FALLS BELOW $4,000/OZ FOR THE FIRST TIME SINCE NOVEMBER 2025

JPMORGAN LOWERS OIL PRICE OUTLOOK JPMorgan cut its Brent crude forecast for the second half of 2026, citing weaker inventory draws and softer-than-expected demand. The bank now sees Brent averaging $86 per barrel in Q3, $80 in Q4, and end

SPOT GOLD EXTENDS FALL, LAST DOWN OVER 2% AT $4017.06/OZ

*BRENT FALLS BELOW $75 A BARREL, FIRST TIME SINCE IRAN WAR BEGAN

OIL SUPPLY REBOUND EASES MARKET FEARS UBS says nearly 80% of oil supply disrupted by the Middle East conflict will return within three months, rising to about 90% by year-end. Brent crude has fallen below $80 as flows through the Strait o

TOTALENERGIES CEO: WE AT TOTAL MUST INVEST IN PIPELINES TO BYPASS THE STRAIT OF HORMUZ, FOR EXAMPLE THROUGH ABU DHABI, SYRIA TOTALENERGIES CEO: THIS IS THE LESSON FROM THE CRISIS FOR US, THE MOST MIDDLE-EAST EXPOSED OIL MAJOR

TRUMP BACKS $17.5 BILLION NUCLEAR PUSH The Trump administration is offering $17.5 billion in low-cost loans to support construction of 10 new Westinghouse AP1000 nuclear reactors across the U.S. Officials say the program could cut develop

🇺🇸🇮🇷 President Trump says "19 million barrels of oil flowed out of the Strait of Hormuz yesterday, an all time record."

TRUMP HAILS RECORD HORMUZ OIL FLOWS President Trump said 19 million barrels of oil moved through the Strait of Hormuz on Monday, a record high. He said falling oil prices and uninterrupted shipping signal improving global stability and a

*US TO RELEASE 500K BBL CRUDE OIL FROM SPR TO VITOL

STOCKS OF CRUDE OIL IN THE US STRATEGIC PETROLEUM RESERVE FALL BY ABOUT 9.1 MLN TO 331.2 MLN BARREL LAST WEEK, LOWEST SINCE 1983

THE IRAN ENERGY CRISIS WILL DRIVE GLOBAL ELECTRIFICATION, IEA CHIEF FATIH BIROL SAYS

HASSETT: REALLY BIG TANKERS ARE COMING THROUGH HORMUZ

IRAQ PLANS TO INCREASE SOUTHERN OILFIELD CRUDE OUTPUT TO 2 MILLION BPD IN COMING FEW DAYS – TWO OFFICIALS TO REUTERS

IRAQ RAISES SOUTHERN OILFIELD PRODUCTION BY 250,000 BPD TO AROUND 1.75 MILLION BPD – TWO OIL OFFICIALS TO REUTERS

U.S. VICE PRESIDENT VANCE ON IRAN: 12.5MLN BARRELS OF OIL MOVED OVERNIGHT

JUST IN: 🇺🇸 President Trump says "oil is flowing" and "prices are dropping."

JUST IN: 🇺🇸 President Trump says "oil prices are tumbling down."

WARSH: PERSISTENTLY HIGH PRICES A BURDEN

SPOT GOLD TURNS NEGATIVE, LAST DOWN 0.5% AT $4,304.19/OZ

US CRUDE OIL STOCKS -8.263M BBL IN WK; SEEN -3.5M BBL

OIL FLOWS RESUME AS PRICES EASE JD Vance told CBS that oil and gas flows through the Strait of Hormuz are returning, with prices already declining. He framed the development as a restoration of supply stability after recent disruptions, po

TANKER DELAYS EXTEND OIL MARKET REBALANCING Tanker voyage times from the Persian Gulf to Asia mean oil markets would rebalance slowly even after the Strait of Hormuz reopens, Rabobank strategists say. Fully laden shipments to India, China,

HORMUZ REOPENING COULD TRIGGER SHORT-TERM TANKER SURGE – KPLER Kpler says reopening of the Strait of Hormuz could initially release about 118 trapped laden tankers, causing a sharp but temporary spike in traffic over 10–15 days. Recovery s

QATARENERGY IS READY TO RESUME LNG PRODUCTION AT RAS LAFFAN VERY QUICKLY AND REACH FULL PRODUCTION WITHIN ONE MONTH - SOURCE WITH KNOWLEDGE THE MAIN PROBLEM IS SHIPPING NOT PRODUCTION AND HOW FAST CAN QE BRINGS SHIPS IN - SOURCE WITH KNOWL

BRENT DROPS BELOW $80/BBL FOR FIRST TIME SINCE EARLY MARCH

TRUMP: PSYCHOLOGICALLY, WE WANT TO GET IRAN’S ENRICHED URANIUM

SWEDEN PICKS ROLLS-ROYCE FOR NEW NUCLEAR REACTORS

JUST IN: Oil prices crash 4% following US-Iran peace deal.

US ENERGY SECRETARY CHRIS WRIGHT SAYS ROUGHLY 7 MILLION BPD IS GETTING OUT OF GULF TODAY WITH US MILITARY HELP -CONFERENCE

SPOT GOLD EXTENDS GAINS, LAST UP NEARLY 2% AT $4,154.32/OZ

SPOT GOLD RISES 1.4% TO $4,131.66/OZ

🇺🇸🇸🇦 United States officially becomes the world's largest oil exporter, surpassing Saudi Arabia.

OIL EXECUTIVES WARN WHITE HOUSE THAT GAS PRICES WILL GET WORSE Oil and gas executives have warned the White House that gasoline prices could rise sharply in coming months as fuel inventories fall to critically low levels. The warning compl

🚨 US ENERGY SECRETARY WRIGHT, ASKED ABOUT TRUMP'S COMMENTS, SAYS HE'S NOT AWARE OF THE U.S. TAKING OIL OUT OF IRAN

TRUMP: WE'VE BEEN TAKING OUT MILLIONS OF BBLS OF OIL NIGHTLY

US, BRENT CRUDE FUTURES EXTEND GAINS AFTER TRUMP SAYS WE'RE GOING TO HIT IRAN HARD AGAIN TODAY; BRENT LAST UP 2.7%, WTI UP 3.5%

FITCH-IF IRAN CONFLICT PERSISTS OR GLOBAL COMMODITY VOLATILITY CONTINUES, BELIEVE NORTH AMERICAN CRUDE, LNG, NGL MIDSTREAM INFRASTRUCTURE TO BENEFIT

US STOCKS OF CRUDE OIL IN SPR FALL IN LATEST WEEK TO LOWEST SINCE AUGUST 2023- EIA

US CRUDE OIL STOCKS -7.227M BBL IN WK; SEEN -2.9M BBL

ENERGY SHOCK DRIVES U.S. INFLATION Energy costs accounted for over 60% of U.S. inflation in May, according to the Labor Department. Gasoline prices jumped 41% year over year, while diesel surged 59%. Electricity costs also rose 5.9%, outpa

SPOT GOLD FALLS MORE THAN 2% TO $4,236.01/OZ

Oil shipments through the Strait of Hormuz will resume in Q3, but traffic is not expected to return to pre-war levels until early 2027, IEA says

QATAR ENERGY ANNOUNCES NEW OIL DISCOVERY OFFSHORE NAMIBIA - STATEMENT