Record Shipping Costs Force Oil Producers to Slash Prices
Freight is reshaping global oil trade and the prices producers can command for their crude. Soaring shipping costs are pushing delivered prices…
U.S. Oil Drillers Back Off Even As Prices Soar
The total number of active drilling rigs for oil and gas in the United States remained unchanged this week, according to new…
Texas Researchers Say Permian Wastewater Could Cool AI Data Centers
The artificial intelligence boom is placing a dangerous strain on the world’s water and energy resources. As hyperscalers build up resource-hungry data…
Oil Prices Stay High as War Keeps Supply Tight Into 2027
During the first three months or so of the U.S. and Israeli war with Iran, the dominant mood on oil markets was…
Global Energy Import Dependence Set to Peak by 2034, Rystad Says
Rystad Energy’s fifth edition of its flagship annual report, Global Energy Scenarios (GES) 2026, finds that global reliance on imported energy is…