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rigzone.comFossil fuels supplied 86% of global energy use last year while the world consumed more energy than at any point on record. The United States remained the top natural gas producer and petroleum products exporter.
nbcnews.comAttacks on three commercial vessels in a key shipping strait have pushed crude prices back above levels seen before recent hostilities. The incidents disrupted shipping routes and added volatility to global energy markets.
SemaforMexico's initial LNG export to Asia left its new Pacific coast terminal on July 9, 2026. The shipment marks a shift in global energy routes after Russia's invasion of Ukraine and the U.S. war in Iran altered prior pathways.
Substrate placeholder — needs reviewThe Energy Institute released its 2026 Statistical Review of World Energy on July 6. Data showed fossil fuels supplied 86 percent of global energy while renewables reached a record share.
Exxon Mobil and Chevron are expected to post second-quarter earnings more than triple their first-quarter results. The gains follow a rise in crude prices after supply disruptions in global energy markets.
SemaforRenewables supplied the largest share of worldwide energy growth last year, according to a new Energy Institute report. Solar power accounted for 72 percent of that increase.
swissinfo.chNESO stated that the United Kingdom will have enough electricity this winter even as global energy markets face disruption from the Strait of Hormuz situation. The grid operator noted that only a small share of UK gas imports comes from Qatar.
Atlantic CouncilThe two-day event in Washington featured 52 public sessions and discussions on energy security. Atlantic Council reported it as the organization's largest convening in 65 years.
tass.comSouth Korean President Lee Jae Myun urged greater international cooperation on energy supply chains during the G7 summit in Evian-les-Bains, France. The call comes as nations discuss ways to improve resilience amid global energy challenges.
koreaherald.comSpeakers at the 2026 Atlantic Council Global Energy Forum examined how conflicts in Ukraine and Iran have altered energy flows. Discussions focused on infrastructure changes in Central and Eastern Europe and uncertainty over the Strait of Hormuz.
theconstructionindex.co.ukChinese battery maker CATL announced plans to expand its energy storage business to half of total sales within four years. The shift follows reduced U.S. electric vehicle incentives and broader changes in global energy markets.
rediff.comRussian President Putin stated that Russia and China will soon complete new energy agreements expected to benefit the global energy market. He also discussed nuclear projects in Egypt and Kazakhstan and Russia’s stance on talks with Ukraine.
Global energy company Aggreko will construct Australia's largest off-grid renewable hybrid power facility at the Eva Copper Mine in North West Queensland. The 15-year project will supply 72 megawatts of power using solar, battery storage and thermal generation.
The U.S.-Israel conflict with Iran has halted roughly one-fifth of world oil and liquefied natural gas shipments through the Strait of Hormuz. Power demand continues to climb nearly 4% annually due to population growth, electrification, and data-center expansion.
U.S. Treasury yields fell and prices rose amid market speculation about a potential agreement between the United States and Iran. The move reflected investor views on possible effects for global energy prices.
The closure of the Strait of Hormuz has continued, contributing to higher global energy prices and rising inflation. U.S. consumer sentiment remains low while major stock indexes have reached new highs.
raskmedia.com.auThe International Energy Agency published its Global Energy Review 2026 covering trends in oil, natural gas, coal, electricity demand, solar and wind power, and nuclear energy. The report examines worldwide energy production and consumption patterns.
etftrends.comChina has expanded its renewable energy capacity while the United States continues policies favoring oil and gas exports. The shift coincides with higher global energy prices following conflict in the Middle East.
Shipping through the Strait of Hormuz has been severely reduced amid a diplomatic standoff between the United States and Iran. Talks between the two sides have stalled with no immediate resolution in sight. The waterway is a critical route for global energy shipments.
The agency released its inaugural quarterly dataset covering global strategic petroleum reserves and energy flows through key chokepoints. The information tracks petroleum, oil and LNG movements. It marks the first time the data has been compiled and published on a quarterly basi…
Europe's jet fuel supply from the Middle East dropped significantly in April. The International Energy Agency reported the region has not fully replaced those lost volumes. The development comes amid ongoing shifts in global energy trade flows.
Substrate placeholder — needs reviewA senior Russian official said the United States is attempting to push Russian energy companies such as Lukoil and Rosneft out of international markets. The official stated that the effort is aimed at gaining greater control over world energy supplies. The accusation was reported…
foxnews.comGovernment spending on energy exceeded $405 billion in 2025, more than double the level in 2019. The majority of the funds supported investments in energy infrastructure, manufacturing, renewables, efficiency programs and incentives for fuel switching. The International Energy Ag…
rigzone.comThe U.S. Energy Information Administration published its May Short-Term Energy Outlook on Wednesday. The agency also announced that its new quarterly Global Energy Security Dataset will be released on Thursday. The dataset will include information on global strategic petroleum re…
bbc.co.ukNYK Line's CEO has stated the Japanese shipping company is looking to expand its fleet of oil tankers to handle supplies from regions outside the Middle East. The comments were cited by Nikkei and reported by financial news wire @financialjuice. The move reflects efforts to diver…
ecns.cnSaudi Aramco reported adjusted net income of $33.6 billion for the first quarter, beating forecasts, as its East-West pipeline reached maximum capacity of 7 million barrels per day amid disruptions from the Iran conflict. The company said the pipeline has helped mitigate global e…
opindia.comIndian Prime Minister Narendra Modi on May 10, 2026, called on citizens and businesses to cut petrol and diesel use amid surging global energy prices that are straining the country's foreign exchange reserves. He urged a return to work-from-home arrangements, carpooling and adopt…
japantimes.co.jpThe company said its net income for the first quarter reached levels supported by higher oil prices even as export volumes declined. The increase comes amid ongoing regional conflicts that have affected global energy markets. Saudi Aramco did not provide an absolute profit figure…
New York PostThe ongoing war with Iran and blockade of the Strait of Hormuz have disrupted global energy supplies, pushing Brent crude to average $100 per barrel since late February. Refiners have prioritized jet fuel production, reducing output of gasoline and diesel. JPMorgan analysts warne…
CnbcChief executives of SLB, Baker Hughes, Halliburton, Exxon Mobil and Diamondback Energy outlined sweeping shifts in global energy markets during recent earnings calls. Iran's blockade of the Strait of Hormuz has caused the loss of nearly a billion barrels of oil, with the shortage…
focustaiwan.twTaiwan has secured enough natural gas to last until September as it works to strengthen energy security. The island faces potential supply disruptions from the closure of the Strait of Hormuz, a critical route for global energy shipments. Officials are focusing on bolstering rese…
cnbc.comIran's foreign ministry spokesman said Thursday that Tehran is still examining messages from the U.S. and has not replied. President Donald Trump predicted the war would be over quickly and said Iran wants to make a deal. The comments come amid efforts to restart Project Freedom…
Shell CEO Wael Sawan appeared on CNBC's 'Money Movers' to discuss the company's latest earnings results and the impact of the US-Iran war on global energy supplies. He highlighted that 12 percent of the world's crude has been taken off the market and noted the differential effect…
Washington ExaminerThe Strait of Hormuz has been effectively closed to commercial shipping for two months due to Iranian threats of attack. Insurers have withdrawn coverage or set prohibitive terms, causing tankers to remain idle and energy prices to rise. The U.S. has begun a naval effort to reope…
investopedia.comStock futures rose sharply overnight after China's foreign minister called for a comprehensive ceasefire. Oil prices fell more than 12 percent, easing pressure on global energy supplies.
EuronewsMajor stock indices in the United States, Japan and South Korea reached new all-time highs this week, even as the war in Iran disrupts global energy markets and shipping routes. Oil prices stand at a four-year high, with 10-12 million barrels a day disrupted in the Strait of Horm…
foxbusiness.comA joint Israeli-U.S. attack on Iran in late February 2026 led to the closure of the Strait of Hormuz and a U.S. blockade, disrupting global energy supplies. This has spurred surges in alternative payment systems and new trade agreements outside U.S. dominance. Historical oil shoc…
A top UAE energy official stated that the country's decision to leave OPEC and OPEC+ is a sovereign move to reposition in the global energy landscape. The exit is not aimed against any party. Details on post-departure actions were mentioned but not elaborated in available reports…
The GuardianThe US-Israeli war in Iran has entered its third month, exceeding President Trump's prediction of a six-week duration and triggering a global energy shock that has driven up fuel and grocery prices. Recent polls show widespread disapproval of Trump's handling of the economy and t…
order-order.comVietnam's inflation increased in April, exceeding expectations. The rise was driven by surging global energy prices due to the Iran war. These higher prices began impacting transport and input costs in the country.
Al JazeeraPrices for food, medicine, cars and other goods are surging in Iran amid the ongoing war with the United States and Israel. The national currency hit a record low, jobs are disappearing, and global energy markets are disrupted by the conflict. Supreme Leader Mojtaba Khamenei urge…
nippon.comJapan's government issued strong warnings and reportedly intervened to support the yen, which moved from above ¥160 to ¥155 against the dollar before settling above ¥157. President Trump announced an increase in tariffs on EU cars and trucks to 25% next week. Goldman Sachs strate…
SemaforThe United Arab Emirates has withdrawn from OPEC after 60 years, dealing a blow to the oil cartel's influence amid a global energy crisis. Oil prices reached their highest level in four years as US-Iran negotiations stalled, with warnings of prolonged blockades. Experts anticipat…
japantimes.co.jpBrent crude oil prices surged to a four-year high of $126 per barrel early Thursday amid reports that President Trump will review options for resuming military strikes on Iran. The increase follows stalled peace talks and a U.S. blockade of Iranian ports in the Strait of Hormuz,…
SemaforThe United Arab Emirates has announced its formal exit from OPEC starting May 1, 2026, aiming to pursue independent oil production strategies. The move highlights ongoing tensions with Saudi Arabia over quotas and reflects broader shifts in global energy markets driven by U.S. sh…
ukdefencejournal.org.ukThe USS Gerald R. Ford is set to end its record-breaking deployment and return to Virginia following operations in the Iran conflict. President Trump extended the naval blockade on Iran until nuclear talks advance, amid global energy disruptions boosting Russia's oil revenues. Uk…
BloombergRussia's crude oil exports have increased to their highest point in more than a month. This rise coincides with a decrease in Ukrainian drone strikes on Russian export terminals in the Baltic and Black Sea. The development could influence global energy markets and Russia's oil re…
naturalnews.comUS Secretary of State Marco Rubio described Iran's use of the Strait of Hormuz as an 'economic nuclear weapon' against the world, accusing Iran of holding 20% of global energy hostage. House Majority Whip Tom Emmer stated that preventing Iran from obtaining a nuclear weapon remai…
Nbc NewsPeace negotiations between the US and Iran remain deadlocked amid ongoing disruptions in the Strait of Hormuz, driving up global energy prices. Gold prices held steady near $4,700 an ounce while traders monitored the uncertainty. Separate developments included Xbox Game Pass chan…
koreatimes.co.krSouth Korea's foreign ministry announced bilateral talks between Foreign Minister Cho Hyun and Australian Foreign Minister Penny Wong set for April 30 in Seoul. The discussions will address enhancing defense cooperation and responding to supply chain instability from the Middle E…
Peace negotiations between the United States and Iran have stalled after President Trump canceled a planned trip by U.S. envoys to Pakistan. Iran's foreign minister continued diplomatic efforts with visits to regional allies, including Russia, amid rising oil prices exceeding $10…
Flicker02 / Wikimedia (CC BY-SA 4.0)Solar PV accounted for over 25% of global energy demand growth in 2025, marking the first time it outpaced other sources. Freeport-McMoRan reported Q1 2026 earnings per share of $0.57, exceeding expectations amid high copper prices. The developments highlight rising electrificati…
middleeasteye.netIran's Islamic Revolutionary Guard Corps captured the MSC Francesca and Epaminondas in the Strait of Hormuz on April 24, following US seizures of two vessels. The International Chamber of Shipping called for the immediate release of all crews. The incidents occur amid a US naval…
indiatoday.intoday.inUS Treasury Secretary Scott Bessent stated that the United States will not renew waivers for purchasing Iranian and Russian oil products at sea. This decision comes amid the US-Israeli war in Iran and the closure of the Strait of Hormuz, impacting global energy markets. Bessent c…
Peace talks between the U.S. and Iran are scheduled for this weekend to address an ongoing war. Even if a deal is reached, impacts on the global energy economy could continue due to uncertainty in the Strait of Hormuz. Chevron's CEO expressed concerns about mines in the waterway.
South China Morning PostPhilippine officials emphasized the need to complete a code of conduct for the South China Sea this year during a panel discussion. The code, negotiated since 2002 between ASEAN and China, seeks to reduce tensions in the disputed area. An upcoming ASEAN summit will address relate…
nypost.comThe U.S. and Iran have shifted from direct military conflict to economic measures, including blockades and seizures, as a fragile cease-fire holds without plans for further talks. President Trump extended the truce while ordering naval actions in key waterways. The standoff has d…
tass.comPresident Trump stated Iran could contact the U.S. for negotiations following recent military actions. Defense Secretary Pete Hegseth defended the operations against criticism from Pope Leo XIV. The conflict has shifted to economic measures while impacting global energy markets.
insurancejournal.comThe Strait of Hormuz remains effectively closed to commercial traffic since February 2026 due to the U.S.-Iran conflict, supercharging global energy prices. Gulf producers are accelerating investments in alternative export routes to bypass the chokepoint. Experts highlight long-u…
The United States and Israel have initiated a war against Iran, bottlenecking 20 percent of the world's oil and liquefied natural gas supply and upending global energy markets. Two new reports from the International Energy Agency and Ember highlight 2025 as a pivotal year for ren…