Oil and Gas
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
Conservative party leader Kemi Badenoch visits the Well-Safe Protector Oil Rig at Aberdeen’s South Harbour, on March 30, 2026 in Aberdeen, Scotland. Paul Reid | Getty Images News | Getty Images U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new […]
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U.S. says Hormuz blockade ‘fully implemented,’ while signaling diplomatic off-ramp for Iran
ANKARA, TURKIYE – APRIL 14: An infographic titled “US warships around the Strait of Hormuz” created in Ankara, Turkiye on April 14, 2026. (Photo by Yasin Demirci/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The U.S. blockade of Iranian ports is now fully into effect, “completely” cutting off Tehran’s international sea trade that […]
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Oil extends declines as possible U.S.-Iran talks raise hopes for Mideast peace deal
An aerial view of the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, as a plane takes off from LAX on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty Images Oil prices extended declines after settling sharply lower Tuesday amid rising optimism that the […]
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U.S.-Iran talks could restart before ceasefire expires: Reports
U.S. Vice President JD Vance speaks to the media before boarding Air Force Two to return to Washington, D.C., after the White House announced he would be leading the U.S. delegation in upcoming peace talks with Iran, from Budapest Ferenc Liszt International Airport in Budapest, Hungary, April 8, 2026. Jonathan Ernst | Reuters The U.S. […]
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BP’s new CEO to simplify company structure into upstream, downstream units
FILE PHOTO: Meg O’Neill speaks during a media interview as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, U.S., September 17, 2024. Callaghan O’hare | Reuters BP will reorganize into two main business units – upstream and downstream – under new CEO Meg O’Neill, who took the […]
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Europe facing severe flight cancellations by May and June: Economist
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Rystad Energy chief economist Claudio Galimberti tells CNBC’s Ritika Gupta that global jet fuel shortages could trigger significant flight cancellations across Europe as early as May and June, just as peak travel season begins. This as Europe’s airport association is warning of […]
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Jet fuel shortages in Southeast Asia will spread across the world – ING
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Rico Luman, Senior Economist for Transport, Logistics and Automotive at ING, explains how jet fuel shortages are affecting airlines and passengers. He warns that supply disruptions currently hitting Southeast Asia are likely to spread globally. Source
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Oil falls as Vance comments raise hopes for a diplomatic resolution to Mideast conflict
An aerial view shows the Chevron EL Segundo refinery, one of the largest petroleum processing facilities in California, on April 8, 2026 as seen from above Manhattan Beach, California. Mario Tama | Getty Images Oil prices fell Tuesday as traders weighed a U.S. blockade of Iranian shipping and signs that Washington and Tehran could still […]
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Vance says ‘the ball is in Iran’s court’ to move peace talks further, as U.S. blockade takes effect
US Vice President JD Vance (R) speaks during a news conference after meeting with representatives from Pakistan and Iran, as US President Donald Trump’s son-in-law Jared Kushner (L) and US Special Envoy to the Middle East Steve Witkoff (C) watch, in Islamabad on April 12, 2026. Jacquelyn Martin | Afp | Getty Images Vice President […]
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Trump is blockading Iranian ports in the Persian Gulf. What does that mean?
A navy vessel is seen sailing in the Strait of Hormuz, a vital waterway through which much of the world’s oil and gas passes on March 1, 2026. Sahar Al Attar | Afp | Getty Images President Donald Trump on Monday rolled out a “blockade” of access to Iranian ports in the Persian Gulf to […]
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