Energy
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Putin admits Russia is ‘going through a difficult period’ as relentless Ukrainian drone attacks cut off fuel supplies
Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south and killing at least two people, Russian authorities said Sunday, as President Vladimir Putin acknowledged his country is going through a “difficult period.” Ukraine has markedly stepped up its long-range attacks on Russian military industries and…
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Ukraine’s drone attacks hit more Russian refineries and create fuel shortages in Siberia—thousands of miles from the war
Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south and killing at least two people, Russian authorities said Sunday. Ukraine has markedly stepped up its long-range attacks on Russian military industries and energy facilities in recent months, aiming to cut Moscow’s revenue for its invasion…
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Paris court gives oil giant Total Energies half a year to tighten climate policies. Climate activists cry foul
A court in Paris ruled on Thursday that energy giant TotalEnergies must account for its customer’s greenhouse gas emissions, giving the French company six months to report the environmental risks caused by the consumption of its gas and oil products. The decision, which comes amid a record heat wave in France, fell short of requests…
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The Iran war is accelerating the EV transition faster than any climate policy ever did—but it’s still just not that much
When the U.S. launched strikes on Iran in late February, the immediate concern was oil prices. The Strait of Hormuz—through which roughly 20% of global oil supply flows—closed, sending energy markets into a spiral and gas prices past $4 a gallon in the U.S. within weeks. Domestically and abroad, people felt the oil supply at…
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AI’s power hunger is turning electric utilities into Wall Street growth stocks — and customers may pay the price
A corporate merger that would form the largest electric utility in the United States is underway. It’s just one of many recent utility mergers and acquisitions as electric utilities enter a period of rapid growth. On May 18, 2026, NextEra Energy announced it would buy Dominion Energy for US$66.8 billion. What’s driving this deal and…
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The Strait of Hormuz is ‘open’ — but it’s mined, half-empty, and subject to tolls both sides say they might charge
Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that constricted global oil supplies and fueled inflation, but questions surrounding control of the vital waterway and whether vessels will be charged tolls to cross it could interfere with negotiations to forge…
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Honeywell CEO: America can lead the energy era defined by AI and hyper-demand — if policy moves fast enough
New technologies, geopolitical shifts, and swings between scarcity and abundance force energy industry leaders, investors, policymakers, and consumers to regularly reassess how we power our world. Today’s unprecedented energy demand is also compounded by an aging workforce and new supply pressures. This is no mere spike that we can wait out. The world will add more than…
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Dow futures drop and oil jumps as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: ‘You close it and you won’t have a country’
U.S. stock futures fell and oil prices rose after peace talks between the U.S. and Iran got off to a rocky start on Sunday, with President Donald Trump wasting no time with threats to renew war. Futures tied to the Dow Jones industrial average fell 191 points, or 0.37%. S&P 500 futures were down 0.52%, and Nasdaq futures lost…
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Oil keeps flowing through Hormuz despite Iran saying it’s shut
Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend, even after Iran claimed to have closed the waterway again, as Washington and Tehran offer contrasting narratives over the status of the world’s most important shipping chokepoint. Three laden oil supertankers, with a combined transport capacity of 6 million barrels,…
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Trump threatens to charge U.S. tolls in Strait of Hormuz for ‘services rendered as the Guardian Angel to the countries of the Middle East’
Iran on Saturday said that it closed the Strait of Hormuz because of Israel’s attacks in Lebanon and warned that while negotiators were going to Switzerland for talks with the United States on their interim agreement, not much likely will happen if the fighting doesn’t stop. U.S. President Donald Trump, in response, threatened to impose…