Energy
US Seeks to Counter Iran’s Control Over Strait of Hormuz
The United States is actively taking measures to challenge Iran’s strategic control over the Strait of Hormuz, a crucial chokepoint for global oil shipments. This move…
Energy
Energy
BP Weighs Exiting North Sea Over Rising Tax Burdens
British energy giant BP is reportedly considering retreating from the North Sea amidst escalating tax pressures that are affecting the profitability of oil and gas operations…
Energy
California Gasoline Prices Exceed $6 Amid Supply Constraints
Gasoline prices in California have surged beyond $6 per gallon, marking a significant increase amid ongoing oil supply challenges. The rise in prices reflects a tightening…
Energy
ADNOC Boosts $55 Billion Investment After UAE Leaves OPEC
Abu Dhabi National Oil Company (ADNOC) has announced an accelerated investment program amounting to $55 billion, following the United Arab Emirates’ recent decision to exit the…
Energy
Big Oil Companies Resist Prioritizing Output Growth
Major oil companies are showing reluctance to prioritize increasing production despite growing calls to boost output amid global energy concerns. These leading firms are opting to…
Energy
Oil Prices Near $120 After Drone Attack on UAE Facility
Global oil prices surged sharply following reports of a suspected Iranian drone strike targeting a petroleum facility in the United Arab Emirates (UAE). Brent crude oil…
Energy
UK Faces Potential Summer Flight Disruptions Over Jet Fuel Shortages
The United Kingdom is bracing for potential flight disruptions this summer due to mounting risks in jet fuel supply. Concerns over insufficient availability of jet fuel…
Energy
Oil Prices Spike to $114 After Iranian Attacks on UAE Port
Oil prices surged significantly, with Brent crude nearing $114 per barrel, following missile strikes by Iran on a port in the United Arab Emirates. The attacks…
Energy
Pakistan vs India: Why Petrol Prices in Pakistan Are So High
Can petrol in Pakistan really reach Rs500 per litre? The ongoing Strait of Hormuz crisis, rising tensions between Iran and the United States, and volatility in…
Energy
Attock Refinery Resumes Main Plant Operations After Shutdown
Attock Refinery Limited (ARL) has restarted its main crude distillation unit after a shutdown lasting nearly two weeks, the company announced in a notice to the…
