Iran and China have pushed back against US President Donald Trump’s threat to impose what Washington says will be the “toughest sanctions in history” on Tehran, warning that unilateral economic pressure could further destabilise the region and damage global trade....
Oil prices remained near their highest level in more than three weeks on Friday as the deadlock over the Strait of Hormuz and a sharp escalation in US economic pressure on Iran raised fresh concerns about global energy supplies....
United Solar has welcomed new US measures to strengthen domestic polysilicon production and solar supply chains, including a $21-per-kg minimum import price for polysilicon and a 15 per cent duty on downstream derivatives, effective December 4, 2026....
US marketed natural gas production is forecast to reach a record 122.5 billion cubic feet per day (Bcf/d) in 2026, surpassing the previous high of 118.5 Bcf/d set in 2025, according to the US Energy Information Administration’s (EIA) August Short-Term Energy Outlook....
Diesel prices in the US and Europe have risen sharply amid disruptions to supplies of refined oil products, including diesel fuel. US ultra-low sulfur diesel futures surged 7.4% to settle at $4.19 per gallon on Monday, while in Europe, the diesel refining margins witnessed a 10% drop. ...
The US and Israel are planning 'one of the harshest bombing campaigns to date' against energy infrastructure targets in Iran, multiple sources told CBS News, with strikes possible throughout the weekend in a move that would mark a further escalation of regional tensions. ...
Global electric car sales rebounded strongly in the second quarter of 2026, with growth in markets including Australia, Europe, South Korea and other regions offsetting weaker demand in China and the US, according to a new report from the International Energy Agency (IEA)....
US-Saudi consortium Mera Oil has entered the final stage of selecting a host location for its planned $5 billion integrated refinery and energy export corridor. Following three years of evaluation, three GCC sites outside the Strait of Hormuz have been shortlisted. ...
Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz....
The Middle East moved closer to a broader regional confrontation on Wednesday as Iran launched a failed ballistic missile attack on US forces, while the United States and Saudi Arabia carried out joint airstrikes against Iran-backed militias in Iraq....
Saudi Water Authority will launch local production of energy recovery devices in 2027, establishing the world’s first facility outside the US to manufacture the desalination technology, boosting supply security and supporting exports....
Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources a day after US forces launched fresh air strikes on Iran, said media reports. The defence system was operated by Greek military personnel. ...
US Secretary of Energy Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman have signed a peaceful nuclear cooperation agreement, commonly known as a 123 agreement, alongside an accompanying bilateral safeguards agreement. ...
US President Donald Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium for its nuclear energy programme under a modified oversight framework, CNN reported, citing two US officials and a source familiar with the matter....
Iraq has signed energy agreements with US firms including ExxonMobil, KBR and GE Vernova to advance oil and power projects, while progressing a Mediterranean Energy Corridor pipeline initiative with a planned capacity of two million barrels per day. ...
Terra-Gen has begun commercial operations at its 80MW Lockhart Solar PV IV project in California, expanding its renewable energy portfolio and generating enough electricity to power about 40,000 homes and businesses annually under a long-term supply agreement....
The United States and Iraq discussed expanding economic co-operation and increasing US investment in the Arab nation’s energy sector during high-level talks at the White House on Wednesday, as the two countries sought to deepen their strategic partnership. ...
Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint....
Oil prices settled lower on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices finished with sharp weekly gains. Brent crude futures fell by 29 cents to close at $76.01 a barrel. ...
Yokogawa Corporation of America has been selected as Main Automation Contractor (MAC) for the Commonwealth LNG project in Louisiana, US, strengthening its role in one of the country’s major LNG developments....
