iShares Global Energy ETF
BP offloads German refinery to Klesch, boosts cost savings target
BP said on Thursday it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet. The transaction forms part of the British oil major’s $20 billion divestment […]
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Trump warns to ‘blow up’ South Pars gas field in Iran if strikes against Qatar energy continue
An Iranian security personnel monitors an area in phase 19 of the South Pars gas field in Assalooyeh on Iran’s Persian Gulf coast 1,400 km (870 miles) south of Tehran on August 23, 2016. Morteza Nikoubazl | Nurphoto | Getty Images U.S. President Donald Trump on Wednesday stateside warned that if Iran continued targeting Qatar’s […]
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Australia says fuel supply levels stable, PM urges residents to avoid panic buying
Anthony Albanese, Australia’s prime minister, during an address at the National Press Club in Canberra, Australia, on Tuesday, June 10, 2025. Bloomberg | Bloomberg | Getty Images Prime Minister Anthony Albanese on Thursday urged Australians to avoid panic buying of petrol and diesel, which he said had led to shortages in some rural regions, and stressed the nation’s fuel supply levels remained stable. Australia is dependent […]
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Oil jumps 4% as Iranian retaliatory strikes on Qatar’s key energy facility stoke supply worries
A pumpjack stands at the Inglewood Oil field in Los Angeles, California on March 17, 2026. Patrick T. Fallon | Afp | Getty Images Oil prices extended gains as Middle East remains on the boil with strikes on energy infrastructure in the region fanning fears of a supply crunch. Qatar said Wednesday that Iranian missile […]
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Iran missile attack on Qatar causes ‘extensive damage’ to facility housing huge gas plant
Qatar said Wednesday that Iranian missiles caused “extensive damage” at Ras Laffan Industrial City, home to the largest liquefied natural gas, or LNG, export facility in the world. Qatar’s Foreign Ministry denounced the attack as a “dangerous escalation, flagrant violation of state sovereignty, and a direct threat to its national security and regional stability.” Qatar […]
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Traffic is trickling through Strait of Hormuz: Who’s moving through and who’s still stranded or diverting
Commercial vessels are pictured offshore in Dubai on March 11, 2026. – | Afp | Getty Images Iran’s de facto blockade of the Strait of Hormuz has stoked fears of the gravest disruption to global oil supply in history, as the Middle East conflict stretches into its third week. The blockade has squeezed shipping traffic […]
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France ready to help U.S. secure Strait of Hormuz — but not while ships are under attack
Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Stringer | Reuters French Finance Minister Roland Lescure told CNBC that France is willing to support the U.S. in […]
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Oil slips as rising U.S. crude inventories offset attacks on UAE energy infrastructure
A pump jack is seen on March 17, 2026 in Stanton, Texas. Brandon Bell | Getty Images Oil prices slipped on Wednesday despite escalating attacks on the United Arab Emirates’ energy infrastructure, as rising U.S. crude inventories helped offset rising geopolitical risk premiums. Prices of Brent, the international benchmark, declined 1.17% to $102.19 per barrel. […]
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South Korea’s Kospi leads gains in Asia as investors assess Japan trade data, await Fed rate verdict
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images South Korea’s Kospi led gains in Asia markets on Wednesday as investors assess Japan trade data and await U.S. Federal Reserve’s interest rate decision. Markets expect the Fed to keep interest rates steady between 3.5% and […]
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Iran targets UAE energy infrastructure as gas field set ablaze, tanker struck near Strait of Hormuz
Naval units from Iran and Russia carry out to simulation of rescue a hijacked vessel during the joint naval drills held at the Port of Bandar Abbas near the Strait of Hormuz in Hormozgan, Iran on February 19, 2026. Anadolu | Anadolu | Getty Images A fresh wave of attacks on the United Arab Emirates’ […]
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