Portsuppe
SearchSourcesAboutDE/EN
◆ FINANCE · — · rss

OilPrice.com

Fetch interval: 2h

Items
42
Trust
60/100
Last activity
7/10/2026
Open original site ↗RSS ↗
Latest items· 42
OilPrice.com45d05/25

America’s Water Crisis Can No Longer Be Ignored

Policymakers, politicians, and the media have been talking about the need for better water policy in the desert southwest of the United States for decades. As the Colorado River, a major source of water for much of that area, continues to shrink, policymakers are having a hard time keeping up with nature. A new 10-year plan contemplates cutting water supplies for Arizona, Nevada, and California by up to 40 percent, depending on availability. Not surprisingly, these states don't like the plan tha

middle-east · russia · usa
OilPrice.com45d05/25

The Infrastructure Gap Threatening Britain's EV Transition

Motorway services will be central to the EV transition, but urgent action is needed to unlock grid capacity, writes Tim Gittins The UK has now passed a significant milestone with more than 2m electric vehicles on the road. It is a powerful signal of the pace at which transport is changing, and of the scale of the challenge now facing policymakers and industry alike in ensuring the infrastructure exists to support that transition at pace in practice, not just in principle. Since the opening of Wa

middle-east · russia · usa
OilPrice.com45d05/25

Europe’s Gas Prices Drop 5% On Renewed U.S.-Iran Talks Optimism

European natural gas prices fell more than 5% to around €46.3 per megawatt hour, their lowest level in two weeks, amid optimism that the United States and Iran could soon reach a deal to reopen the Strait of Hormuz following U.S. President Donald Trump’s statement that a deal was nearing finalization after extensive calls with Middle Eastern leaders and Israeli Prime Minister Benjamin Netanyahu. Hours later, Trump shifted his tone on the social media site, revealing that he had instructed U.S. r

middle-east · russia · usa
OilPrice.com45d05/25

Data Centers Are Outgrowing Europe’s Clean Power Deals

European data center power purchase agreement (PPA) volumes fell from 4.2 gigawatts (GW) in 2024 to 2.6 GW in 2025, even as capacity buildout accelerated sharply. The drop reflects offshore wind delays and increased challenges in agreeing on PPA price points due to falling capture rates and rising frequency of negative wholesale power price hours, particularly for solar PV. In addition, the race to secure power has led some major hyperscalers to reassess their clean energy ambitions, moderating

middle-east · russia · usa
OilPrice.com45d05/25

Kazakhstan Won’t Enforce $1.4B Gazprom Asset Seizure

Kazakhstan will not enforce a special court's decision allowing Ukraine's Naftogaz to collect a $1.4 billion international arbitration award from Russia's Gazprom, Justice Minister Erlan Sarsembayev has declared just days after Kazakhstan’s AIFC court upheld the award. The legal battle stemmed from a 2019 contract for Russian natural gas transit through Ukraine. Following Russia's 2022 invasion, Naftogaz declared force majeure at a major distribution station, prompting Gazprom to stop fully payi

middle-east · russia · usa
OilPrice.com45d05/25

Kazakhstan's First Nuclear Plant Faces More Delays

Beset with financing difficulties, Rosatom, Russia’s nuclear energy entity, is begging for more time to start building Kazakhstan’s first nuclear power plant on the shores of Lake Balkhash. The site was selected after extensive study by Kazakh authorities. But at a recent meeting in Moscow, Rosatom chief Alexei Likhachev told the head of Kazakhstan’s Atomic Energy Agency, Almassadam Satkaliyev, that the Russian entity will need “at least a year of observation of the site in order to form all the

middle-east · russia · usa
OilPrice.com46d05/25

Iraq’s Oil Collapse Sparks Race for New Export Routes

April was indeed the cruellest month for decades for Iraq’s crude oil production, with an average of 1.389 million barrels per day (bpd) over the period. This compares to a monthly average of 3.47 million bpd from January 2002 to the end of March this year, and an average of over 4.1 million bpd in the three months leading up to the onset of the U.S./Israel-Iran War on 28 February. The last time oil production fell to the current level in the country was in the early 2000s, during and immediatel

middle-east · russia · usa
OilPrice.com46d05/25

Strait of Hormuz Crisis Triggers Global Fertilizer Supply Shock

The closed Strait of Hormuz has created a major fertilizer shock and threatens food security in developing nations as sulfur and phosphate exporters from the Middle East struggle to ship supply to the global markets. Since the Iran war began, supply from the Middle East has crashed, forcing fertilizer producers to reduce output and leading to major price spikes in these markets. SABIC and Ma'aden, two Saudi chemicals giants, have tried to re-route part of their shipments from the ports on the Re

middle-east · russia · usa
OilPrice.com46d05/25

The Iraq Sanctions Strike That Signals Washington’s New Middle East Playbook

Iraq’s Deputy Minister of Oil, Ali Maarij Al-Bahadly, along with many other individuals and businesses, was last week included by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) in sanctions targeting the exploitation of Iraq’s oil sector to benefit Iran and Iran-aligned militias. These moves by OFAC are part of a ramping up of pressure on Iraqi entities that continue to deal with Iran, effectively bankrolling its current regime and the activities of its military, politica

middle-east · russia · usa
OilPrice.com46d05/25

China's Solar Additions Drop 79% in April as Domestic Market Slumps

China installed much less solar power capacity in April from a year earlier as the domestic solar market continues to adjust to a change in policy following record-high installations and a major glut in recent years. Chinese developers added just 9.52 gigawatts (GW) of new solar power capacity last month, per official data from China's National Energy Administration cited by Bloomberg. The new capacity compares to the massive 45 GW solar expansion in April 2025, when companies rushed to install

middle-east · russia · usa
OilPrice.com46d05/25

Why Hasn’t Oil Hit $150?

I think most energy analysts would have been shocked to learn that roughly three months into a total closure of the Strait of Hormuz, oil would be trading at just over $100 a barrel. I certainly expected prices to be significantly higher by now. The physical math seems indisputable: take that much supply off the market, and prices should respond quickly and decisively. Oil prices have risen sharply, to be clear. But we are still short of the levels seen following Russia’s 2022 invasion of Ukrain

middle-east · russia · usa
OilPrice.com46d05/25

Malaysia Secures Fuel Supply Through End of July

Malaysia has secured its fuel supply until the end of July, state energy firm Petronas has assured the economy ministry, as Southeast Asia is reeling from the worst supply disruption in the history of oil markets. Malaysia's Economy Minister Akmal Nasir told a regular briefing on Monday that one of Southeast Asia's biggest economies has secured energy supplies through the end of July and power reserves are enough to meet the current surge in electricity demand. "Petronas has given its assurance

middle-east · russia · usa
OilPrice.com46d05/25

Oil Prices Fall 6% as U.S.-Iran Peace Talks Gain Ground

Oil prices were sharply lower on Monday following comments by President Donald Trump that diplomatic negotiations with Iran are advancing, easing market fears of severe energy supply disruptions due to the Middle East conflict. Brent crude for July delivery fell 5.9% to trade at $97.44 per barrel at 7.45 am ET in Monday’s early morning session, slipping below the $100-per-barrel mark for the first time in nearly three weeks while the corresponding WTI contract fell by a similar margin to trade a

middle-east · russia · usa
OilPrice.com46d05/25

Expert Says Traders Should Brace for July Jump in Oil Prices

Oil traders don't want to think about the worst-case scenario and lap up every word of U.S. President Donald Trump about a potential deal with Iran, but the market needs to brace for a spike in oil prices in July because four months of closed Strait of Hormuz is a recipe for a “disaster” and global recession. These were the comments from Fereidun Fesharaki, Chairman Emeritus of energy consultancy FGE NexantECA, who told CNBC early on Monday that the oil market and the equity markets are at a sta

middle-east · russia · usa
OilPrice.com46d05/25

Sinopec Boosts China's Shale Oil Output

Sinopec’s Jiyang shale oil base in Shandong province has ramped up output in recent months, raising Chinese shale production and domestic resources and output as the world’s biggest crude importer looks to boost its energy security. Cumulative oil production at Jiyang has topped 2 million tons, Chinese media reported on Monday. The Jiyang base, which covers about 7,300 square kilometers, or 2,820 square miles, in the Shandong province in east China, increased shale oil output by 15% in the first

middle-east · russia · usa
OilPrice.com46d05/25

Australia Set to Include Existing LNG Deals in Gas Reservation Scheme

Australia plans to include existing LNG contracts in its so-called Domestic Gas Reservation scheme, expected to come into force in July 2027, to ensure local supply. The new Australian regulation, which is still a draft proposal subject to consultation from industry and other stakeholders, requires that local producers set aside 20% of their domestic production for the Australian gas market. Under the draft Design Framework, the Australian government published on Monday, the Government has been

middle-east · russia · usa
OilPrice.com46d05/25

Rubio Plays Down Imminent U.S.-Iran Deal

The U.S. will deal with Iran “another way” if it does not reach a good deal with the Islamic Republic, U.S. Secretary of State Marco Rubio said on Monday, playing down hopes that an agreement is imminent. Following signals from Washington during the weekend that the U.S. and Iran could be nearing a framework agreement, oil prices plunged on Monday in Asian trade, with Brent Crude prices slipping below the $100 per barrel mark. However, losses were being contained at about 3-4% in the morning in

middle-east · russia · usa
OilPrice.com46d05/25

India Raises Fuel Prices for Fourth Time as Oil Crisis Hits Consumers

India’s state-owned energy majors that trade in fuels raised prices at the pump for the fourth time in the space of a month, reflecting the continued effect of the Strait of Hormuz closure on oil and fuel flows. The cumulative price hike since the start of the month comes in at 8.6% for diesel fuel, Reuters reported today, and 7.8% for gasoline. The first fuel price hike took place in Mid-May, with refiners including Indian Oil Corp., Bharat Petroleum Corp, and Hindustan Petroleum Corp. hiking t

middle-east · russia · usa
OilPrice.com46d05/25

China Coking Coal Prices Surge After Deadly Shanxi Mine Blast

The price of coking coal in China jumped by 8% after a deadly mine accident in Shanxi province that prompted safety checks that will affect production over the near term. The most actively traded coking coal contract on the Dalian Commodity Exchange hit the equivalent of $186.76 per ton following the accident. Reuters reports that eighty-two people were killed after a gas explosion in a mine in one of China’s largest coal-producing regions, which makes it the most serious mine accident in the co

middle-east · russia · usa
OilPrice.com46d05/25

More Tankers Make It Through the Strait of Hormuz

Two liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days, with the LNG vessels heading for Pakistan and China, and the tanker, loaded with Iraqi crude, is en route to China. According to a Reuters report, the vessels used the route that Iran has told all ships to use from now on. The LNG carriers are loaded with Qatari gas, the report said, citing data from LSEG and Kpler. At least one of the vessels was loaded in late March. The super

middle-east · russia · usa
OilPrice.com46d05/25

Oil Prices Plunge Below $100 on Iran Deal Optimism

Oil prices plunged in early Asian trade on Monday following reports over the weekend that a deal to reopen the Strait of Hormuz was in its final stages. At the time of writing, both oil benchmarks had fallen by more than 5%, with Brent breaking back below $100 to trade at $98.27, while WTI fell to $91.63. Optimism around a deal was tempered somewhat on Sunday when President Trump posted on social media that he had informed his representatives "not to rush into a deal". A senior U.S. administrati

middle-east · russia · usa
OilPrice.com46d05/24

European Gas Storage Can’t Survive 3 More Months of Hormuz

Europe could face a critical shortfall in natural gas stocks if shipping disruptions through the Strait of Hormuz persist for another 1-3 months, senior executives at Norwegian energy giant, Equinor ASA (NYSE:EQNR), have warned. Europe entered the current summer refill season with severely depleted gas reserves, with gas stores only 28% full following a prolonged winter. Europe’s storage levels are currently at 35-37%, significantly below the 50% seasonal norm, increasing the risk that the conti

middle-east · russia · usa
OilPrice.com46d05/24

Coal Is Fueling China’s Next Energy Power Play

Coal is inarguably one of the big winners from the energy flow disruption in the Middle East. Consumption is up strongly as gas becomes hard to come by and expensive to buy. Power supply security has overtaken any emission concerns. Yet it is not only in power generation that coal has regained popularity. Coal is also increasingly being used as feedstock for chemicals, notably fertilizers. Recently released data from China showed that coal production in the world’s top consumer had dipped in the

middle-east · russia · usa
OilPrice.com46d05/24

1 In 4 Cars Sold Globally Is An Electric Vehicle

As Statista's Tristan Gaudiaut details below, according to the IEA Global EV Outlook 2026, published on May 20, global sales of electric cars, including plug-in hybrids, surpassed 21 million units last year, more than doubling since 2022, when annual sales first exceeded 10 million. As the chart shows, EVs now account for roughly one in four passenger car sales globally, meaning their market share climbed to 25 percent in 2025, up from just 2 percent in 2018. You will find more infographics at S

middle-east · russia · usa
OilPrice.com46d05/24

Australia’s LNG Industry Warns Policy Uncertainty Is Hurting Investment

Australia’s energy producers are calling for state and federal support in faster approvals of new projects and fiscal stability. These could help the world’s third-biggest LNG exporter grow its overseas markets amid the expected years-long turmoil in the global gas market in the wake of the Iran war. Producers want long-term predictability in taxation, as well as faster permitting processes and environmental reviews from the state and federal governments. As a whole, the industry seeks clarity a

middle-east · russia · usa
OilPrice.com47d05/24

U.S.-Iran Deal Delayed as Trump Refuses to “Rush” Agreement

President Donald Trump said Sunday that the United States will not “rush” into a nuclear agreement with Iran, stressing that negotiations remain ongoing and that both sides must take the time to “get it right” as talks continue over the future of the Strait of Hormuz and Tehran’s uranium program. “Our relationship with Iran is becoming a much more professional and productive one,” Trump wrote in a social media post. “They must understand, however, that they cannot develop or procure a Nuclear We

middle-east · russia · usa
OilPrice.com47d05/24

Heat Pump Sales Surge Across Europe Amid Energy Shortages

Heat pump uptake is on the rise in Europe, as consumers take their energy bills into their own hands. Europe, which already experienced high gas prices and energy shortages after Russia invaded Ukraine in 2022, is now experiencing widespread energy shortages and soaring prices due to the ongoing turmoil in the Middle East, sparked by the February U.S.-Israeli attack on Iran. While governments across the region have been investing in the deployment of more renewable energy capacity in recent year

middle-east · russia · usa
OilPrice.com47d05/23

Norway Doubles Down on Oil and Gas as Europe Scrambles for Supply

Norway, well known for its oil and gas production, has ramped up its fossil fuel output in recent weeks to fill the gap following the closure of the Strait of Hormuz and the ongoing energy trade disruptions. While some countries are grateful to Norway for helping alleviate oil and gas shortages, environmentalists have critiqued the move, suggesting that more of a focus must be placed on increasing the region’s renewable energy capacity. Norway appears to have taken on the role of “Europe’s savio

middle-east · russia · usa
OilPrice.com47d05/23

EU's 20th Sanctions Package Forces Kyrgyzstan's Hand on Russia Trade

Kyrgyzstan has taken sweeping action to clamp down on companies suspected of circumventing Western sanctions imposed on Russia following its full-scale invasion of Ukraine in 2022. The Kyrgyz Justice Ministry has announced that 50 companies will be forced to suspend their activities after they had been flagged by Western partners. "After they report risks, we study them and respond. For example, the United States and the United Kingdom have made allegations regarding 51 companies," Deputy Prime

middle-east · russia · usa
OilPrice.com48d05/23

Soaring Energy Prices Are Driving a Home Solar Boom

Home solar power installations have risen significantly in recent decades, as consumers look to drive down their electricity bills and make their energy use more sustainable. Now, with oil and gas prices soaring due to geopolitical challenges, more households are being attracted to solar installations. Solar photovoltaic (PV) uses electronic devices, also called solar cells, to convert sunlight directly into electricity. Solar PV is highly modular, meaning that smaller-sized solar home kits and

middle-east · russia · usa