Oil Majors Double Profits in Europe in Latest Quarter
Eight major oil companies earned €7.5 billion in excess profits across Europe in the first half of 2026, prompting calls for a permanent windfall tax on petroleum producers.
The Case for Britain Backing Its North Sea Oil and Gas Industry
Britain faces a choice between producing more North Sea oil and gas domestically or importing more from overseas, with significant economic and employment implications as ministers consider the Jackdaw and Rosebank projects.
750 Gigawatts Of Energy Storage Are Just Sitting There, Waiting
The US has 750 gigawatts of energy storage projects pending grid connections, reflecting strong clean energy development despite recent federal policy shifts favoring fossil fuels.
How Gulf Oil Is Escaping the Strait of Hormuz
Gulf oil producers are bypassing the Strait of Hormuz through ship-to-ship transfers and alternative routes, creating elevated shipping costs and market volatility amid geopolitical tensions.
U.S. Diesel Reserves Sit Near 23-Year Lows
U.S. diesel reserves have declined to near 23-year lows amid geopolitical tensions and supply disruptions, raising concerns about potential food and energy price increases heading into harvest season.
Russia Pushes Ahead With Uzbekistan Nuclear Plans Despite Money Troubles
Russia’s nuclear agency Rosatom is developing a training program for Uzbek technicians despite ongoing financing difficulties affecting its reactor construction projects.