The illicit oil trade in Libya, fueled by heavily subsidized fuels being smuggled abroad, is sustaining the country’s rival political factions. The practice has created a steady revenue stream for armed groups,
The global economy is facing one of its most severe energy shocks in modern history as the ongoing war between the United States, Israel, and Iran disrupts oil flows at a scale
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Europe is entering a period of heightened energy uncertainty as the European Union warns of a “long-lasting” crisis triggered by the ongoing war in the Middle East. Dan Jørgensen, the EU’s energy
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The current instability in the Middle East has again demonstrated the extent to which the modern world is interconnected especially in the energy security context. The most recent escalation in the Middle
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Oil prices jumped sharply on Monday, with Brent crude heading for its steepest monthly rise ever, after Yemeni Houthis launched attacks on Israel over the weekend, expanding the conflict that began with
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Energy expert Vaqar Zakaria is living proof that solar power can change the economics of everyday life. For over five years, his rooftop panels in Islamabad have slashed his electricity bills, sometimes
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The escalating conflict between Israel and Iran has sent jet fuel prices soaring to unprecedented levels, doubling the cost of sorties and transforming the economics of the Israeli Air Force’s operations. With
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Singapore, the world’s largest ship-fueling hub, is confronting an escalating supply crunch as geopolitical tensions in the Middle East disrupt critical oil flows, threatening to ripple across global trade routes and regional
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As Iran’s closure of the Strait of Hormuz sends shockwaves through global oil markets, Saudi Arabia has activated its 1,200-kilometer East–West Crude Oil Pipeline, commonly called the Petroline, at full capacity to
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ExxonMobil’s chief executive has delivered a blunt rebuke to President Donald Trump’s efforts to entice U.S. oil companies back into Venezuela, declaring that the country remains effectively off-limits for serious investment. Speaking
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As artificial intelligence continues to propel global equity markets to record highs, investors are increasingly questioning whether the rally is laying the groundwork for the next major financial bubble. A detailed Bloomberg
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