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Energy
Oil rises amid growing tensions between Saudis and Iran-backed Houthis
Iran's medium-sized oil tankers continue to wait off the coast of Bandar Abbas at the Strait of Hormuz in Hormozgan Province, Iran on September 09, 2026.Anadolu | Anadolu | Getty ImagesCrude oil prices rose Wednesday as investors…
IEA to release more than 20 million barrels of diesel as soon as possible
International Energy Agency members have agreed to release more than 20 million barrels of diesel "as soon as possible" as fuel prices surge globally, the group said in a statement Thursday. President Donald Trump said earlier this…
Why the ‘real’ price of oil is likely $30-$40 higher than where it is now
POWER POINTWhat I'm hearing from energy insidersOil, in reality, is $125 per barrel or higher.That's the real cost of a barrel of oil because buying the physical commodity is a very different story from a number on traders' screens.Oil…
North Sea emissions fall for sixth year in a row
Emissions in the North Sea have fallen for the sixth year in a row after regulation and industry action saw a 7% reduction to production emissions in 2025.
A report from the North Sea Transition Authority (NSTA) states that…
Rebounding Hormuz oil exports vulnerable to increased Iranian attacks
Iran has stepped up its attacks on tankers transiting the Strait of Hormuz, threatening a fragile rebound of crude oil exports from the Persian Gulf. Nearly 20 commercial ships, mostly tankers, have come under attack over the past month…
Trump’s diesel deal offers little price relief deal ahead of midterms
U.S. President Donald Trump (R) greets Russian President Vladimir Putin as he arrives at Joint Base Elmendorf-Richardson on August 15, 2025 in Anchorage, Alaska.Andrew Harnik | Getty ImagesU.S. President Donald Trump's latest…
Northern Irish householders urged to prepare, as flood risk grows
Northern Ireland’s Infrastructure Minister Liz Kimmins is encouraging people to get “flood aware” as the risks to the region this autumn and winter, are promoted during flood awareness week 2026 (12th-18th October).
Amongst…
New Zealand hits record levels of GHG emissions
According to a new report by New Zealand’s government, the country is at risk of more frequent heatwaves, resulting in potentially catastrophic glacier melts in the near future.
Atmospheric CO₂, methane and nitrous oxide all…
Heating oil costs are surging. What households can expect this winter
Tetra Images | Photodisc | Getty ImagesAmericans who heat their homes with oil are expected to face sharply higher costs this winter, even as households that rely on natural gas or propane may get some relief.Home heating oil prices are…
Supertanker from U.S. to China chartered for $76 million: Source
(Subscribe to Brian Sullivan's "Power Insider" newsletter here.)A supertanker was recently chartered to sail from the U.S. Gulf Coast to China for $76 million, a source familiar told CNBC, as shipping costs soar globally due to the…