U.S. SPR crude stockpiles plunge 5.5M barrels to 325.7M, lowest since 1983. The drawdown marks a fresh four-decade low for the Strategic Petroleum Reserve.

Trump administration cancels Duke Energy offshore wind lease off North Carolina coast, widening its push to block new offshore wind projects.

The Trump administration is canceling a lease held by Duke Energy off the coast of North Carolina as it expands its campaign to block new offshore wind developments.

Fossil fuel subsidies projected to hit $1.1 trillion in 2026 as governments shield consumers from energy prices driven by the war in Iran

Fossil fuel subsidies are projected to reach $1.1 trillion in 2026 as governments spend more to shield consumers from high energy prices triggered by the war in Iran.

Iraqi oil resumes transit through Strait of Hormuz as US-Iran ceasefire eases shipping, clearing stranded cargoes from the Persian Gulf over the past 10 days.

Iraqi oil stranded by the Middle East conflict has exited the Persian Gulf over the past 10 days as transit through the Strait of Hormuz eased during an uneasy US-Iran ceasefire.

Eni and Abu Dhabi's ADNOC investment unit agree to buy stakes in an Argentina LNG export project, expanding Gulf and European involvement in South American gas development.

Italian energy giant Eni and the investment unit of the Abu Dhabi National Oil Company agreed to buy stakes in a liquefied natural gas production and export project in Argentina.