Equinor is dialling back its exposure to renewables, offloading a significant stake in Scatec ASA in a move that underscores a sharper focus on capital discipline and shareholder returns amid heightened energy market volatility. In an announcement early Tuesday, Equinor said it sold 8.07% of Scatec ASA at NOK 125 per share, generating gross proceeds of approximately NOK 1.6 billion ($150 million). Following the transaction, Equinor retains an 8.05% stake and has agreed to a 90-day lock-up on its remaining shares. Scatec confirmed the transaction…

British voters want Rachel Reeves to cut taxes and reduce energy costs in order to focus on growth, as a majority of people felt the UK economy was “poor”, new research has shown. Polling by Freshwater Strategy for the Institute of Economic Affairs (IEA), a free market think tank, suggested that the vast majority of Brits wanted the Labour government to focus on economic growth more than it currently does.  The findings back up the Labour government’s primary mission, which is to grow the UK economy.  But respondents…

China saw its lithium battery exports jump by 50% in the first quarter from a year earlier as global demand for green technologies surged amid the worst disruption to oil and gas supply due to the war in the Middle East. Exports of all green technologies manufactured in China surged in March and in the first quarter, making Chinese clean energy manufacturers winners in the war-induced oil shock. China’s exports of lithium batteries soared by 50.4% between January and March, compared to the same quarter of 2025, Wang Jun, deputy director of…

Oil prices have dipped below $100 as weaker demand outlooks and a pause in U.S.–Iran tensions shift market focus to upcoming diplomatic talks and potential escalation risks. Calm Seas, High Stakes: Hormuz Traffic Crawls as Gulf Freight Costs Surge - The first days of the US blockade on vessels calling at Iranian ports have so far been largely uneventful as several Iran-linked tankers managed to sail through the Strait of Hormuz without any interference. - At the same time, most of tankers were moving into the Persian Gulf and so far only…

A US naval blockade on ships entering Iranian ports and coastal areas has come into effect, following failed peace talks between US and Iranian negotiators over the weekend. And it already poses a dilemma: risk attack from Iranian assets near the Strait of Hormuz or hold back and hope to catch vessels breaking out into the open seas. The move is the latest attempt by US President Donald Trump to force Iran into making concessions, including a commitment not to seek a nuclear weapon or the means to build one. It follows more than a month of air…

Iran may halt its own oil shipments through the Strait of Hormuz for several days. Tehran is weighing a short-term pause to avoid testing the U.S. naval blockade just days before another round of ceasefire talks. The objective is to get through the next week without a maritime incident that derails negotiations before they start. Iran has been one of the only countries still moving crude through Hormuz during the conflict. Most non-Iranian shipping has already pulled back, with U.S. naval enforcement tightening the choke point. That leaves a thin…

On March 9th, I wrote in an article for Oilprice.com titled “Why $100 Oil Isn’t Going to Spark a New Shale Boom.” My point, nine days into Operation Epic Fury, was that “No one—that I know—is carrying on much about the recent jump in prices, let alone cheering them on. Outside of thinking we'd better hedge, the response has mostly been a few words, a few shrugs, a ‘let’s take it while we can, attitude. Our collective reaction would surprise outsiders, but…was normal to me. It’s also normal…

The war in Iran has evolved into a global economic crisis, driving up energy prices and forcing major shifts in shipping and trade routes. Ongoing military strikes have caused significant disruptions at critical chokepoints like the Strait of Hormuz, forcing governments to urgently secure alternative supply sources and reevaluate supply chain resilience. Previously, we reported that the conflict has exposed Japan's vulnerability due to extreme energy dependency on Asian producers. Japan relies on the Middle East for over 90% of its crude oil and…

Global oil production has been slashed by as much as 11 million barrels daily amid the Middle East war. With the latest attempt at ending the hostilities failing, chances are the supply disruption will last a while, and then it would take months to restore production to its full size, even in the best-case scenario. “Even if there is a durable ceasefire tomorrow and the strait reopens, markets will not return to normal for at least six months,” Rystad Energy’s head of geopolitical analysis told the Financial Times earlier this…

Nuclear energy is experiencing a resurgence in popularity on a global scale, thanks to a resurgence in energy security anxieties worldwide. The AI boom has majorly ramped up energy demand projections around the world at the same time that climate pledges are inching dangerously close with perilously little progress to show. Add to this a near-endless cycle of energy crisis and geopolitical conflict, and you're presented with a majorly heightened energy trilemma: how to source energy that is sufficient, affordable, and sustainable. To solve this…

The legendary derivatives trading team at Vitol Group, the world’s largest oil trader, has reportedly lost hundreds of millions of U.S. dollars on oil bets that went very wrong as the war in the Middle East roiled global markets and trapped physical supply at the Strait of Hormuz. Vitol’s star trader Yaoyao Liu found himself on the wrong side of bets on crude and fuel prices at the start of the U.S.-Israel war with Iran, as prices soared in the worst disruption of global oil supply in history, the Wall Street Journal reports, quoting…

U.S. President Donald Trump has acknowledged that gasoline prices might remain high through the November 2026 midterm elections, a rare admission of the potential political fallout from the ongoing war in the Middle East. Trump told Fox News' Maria Bartiromo that gas prices could "stay the same, or maybe a little bit higher, but it should be around the same" when asked if gas prices would be lower by the fall. Trump has defended the surge as a "very small price to pay" for long-term global safety and the neutralization of Iran's nuclear threat.…

U.S. President Donald Trump has acknowledged that gasoline prices might remain high through the November 2026 midterm elections, a rare admission of the potential political fallout from the ongoing war in the Middle East. Trump told Fox News' Maria Bartiromo that gas prices could "stay the same, or maybe a little bit higher, but it should be around the same" when asked if gas prices would be lower by the fall. Trump has defended the surge as a "very small price to pay" for long-term global safety and the neutralization of Iran's nuclear threat.…

U.S. President Donald Trump has acknowledged that gasoline prices might remain high through the November 2026 midterm elections, a rare admission of the potential political fallout from the ongoing war in the Middle East. Trump told Fox News' Maria Bartiromo that gas prices could "stay the same, or maybe a little bit higher, but it should be around the same" when asked if gas prices would be lower by the fall. Trump has defended the surge as a "very small price to pay" for long-term global safety and the neutralization of Iran's nuclear threat.…

Ecuador, once a stable mid-tier oil producer in Latin America, is now facing a structural energy decline that is increasingly spilling over into regional instability. Production has fallen sharply in recent years, dropping to around 349,000 barrels per day in 2025, an 8.5% annual decline, while fuel imports have surged, further deepening external dependence. This is not the result of resource depletion. Ecuador still holds very significant reserves and untapped potential. Rather, the country’s decline is the consequence of policy fragmentation,…

Kyrgyzstan is hoping to preside over the launch of a Shanghai Cooperation Organization (SCO) Development Bank during its 2026 chairmanship of the group, according to local news reports that cite the Kyrgyz Ministry of Economy.  Working out details connected with the SCO bank’s launch was the focus of recent discussions between top Economy Ministry officials from both Kyrgyzstan and China. The idea of an SCO Development Bank (SCODB) gained the approval of the 10 members of the organization at its most recent summit in 2025. At that time,…

Europe has long punched above its weight in research excellence, innovation clusters and academic talent. And yet, when it comes to growing global businesses, particularly in deep technology and energy transition sectors, Europe routinely sees its most promising companies relocate or expand outside its borders. A new study from a leading European institution has put more rigour behind a phenomenon many founders quietly acknowledge but few policymakers have fully internalised. The study’s detailed analysis of relocation drivers reveals something…

Petrobras (NYSE:PBR) has made yet another deepwater hydrocarbon discovery in the Campos Basin offshore Brazil, marking another win in its strategy to replenish reserves. The discovery was made  within Block C-M-477, roughly 200 kilometers off the coast of Rio de Janeiro state. Petrobras operates the block with a 70% working interest, alongside BP Plc. (NYSE:BP), which holds the remaining 30%.  Last week, Petrobras signed a $450 million deal with Petronas Petróleo Brasil to acquire the remaining 50% stake in the Tartaruga Verde…

Petrobras (NYSE:PBR) has made yet another deepwater hydrocarbon discovery in the Campos Basin offshore Brazil, marking another win in its strategy to replenish reserves. The discovery was made  within Block C-M-477, roughly 200 kilometers off the coast of Rio de Janeiro state. Petrobras operates the block with a 70% working interest, alongside BP Plc. (NYSE:BP), which holds the remaining 30%.  Last week, Petrobras signed a $450 million deal with Petronas Petróleo Brasil to acquire the remaining 50% stake in the Tartaruga Verde…

Petrobras (NYSE:PBR) has made yet another deepwater hydrocarbon discovery in the Campos Basin offshore Brazil, marking another win in its strategy to replenish reserves. The discovery was made  within Block C-M-477, roughly 200 kilometers off the coast of Rio de Janeiro state. Petrobras operates the block with a 70% working interest, alongside BP Plc. (NYSE:BP), which holds the remaining 30%.  Last week, Petrobras signed a $450 million deal with Petronas Petróleo Brasil to acquire the remaining 50% stake in the Tartaruga Verde…