Crude Builds, Fuel Stocks Tighten U.S. crude inventories rose sharply last week, while gasoline and distillate stocks fell as export demand strengthened. The Energy Information Administration said crude stockpiles climbed to their highest level since June 2023, adding pressure to oil prices.

Washington Is Taking a Venture-Style Approach to Rare Earths The U.S. is putting real money behind domestic rare earth supply chains — even if that means backing companies that have not yet proven they can produce at scale. That is

What Happened at Golden Pass Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobil (XOM), said it has produced its first liquefied natural gas at its new facility in Texas. The milestone marks a major step toward bringing one of the

What Happened in West African Crude West African crude trading for April-loading cargoes has slowed, even as the global oil market faces acute supply stress tied to the Iran war and disrupted tanker traffic through the Strait of Hormuz. Traders describe

What Happened at Ust-Luga Russia’s Baltic port of Ust-Luga closed after a drone attack on Wednesday, creating an immediate logistics problem for refined products moving out of the country. The strike damaged a rail unloading rack for petroleum products at the terminal,

What Happened Russia is facing an unusually large disruption to its oil export system, with at least 40% of crude export capacity currently halted after a wave of attacks and logistical setbacks. The outage follows intensified Ukrainian drone strikes on oil and fuel infrastructure,

What The Energy Department Just Signaled The U.S. Energy Secretary said the United States is “highly unlikely” to release additional oil from the Strategic Petroleum Reserve (SPR) to calm energy markets during the war with Iran. The comments were made in a

What Happened at CERAWeek The United States and French energy major TotalEnergies (TTEF.PA) said they will redirect nearly $1 billion away from offshore wind leases and toward U.S. oil and natural gas production. The agreement was announced at the CERAWeek energy conference in Houston by TotalEnergies

What Happened Qatar’s state-owned QatarEnergy said Iranian attacks damaged key export infrastructure and will sideline a meaningful slice of the country’s liquefied natural gas supply for years. The company’s CEO and state minister for energy affairs, Saad al-Kaabi, said the strikes knocked

What Happened in the Gulf Energy Complex An Israeli attack hit Iran’s main energy asset, the South Pars natural gas field, along with infrastructure around the nearby Asaluyeh processing hub. Iran responded with attacks on energy targets across the Middle East, marking a sharp