Global orders for gas turbines have hit a record high as demand for power generation surges, according to JP Morgan. New gas turbine orders in the second quarter stood at 38 GW, which was 29% higher ...

Libya may declare force majeure on oil exports from Zawiya after repeated drone attacks damaged fuel infrastructure at the strategically important oil complex.

Europe is especially vulnerable, with refinery closures, depleted inventories, and reduced access to Russian-linked fuels ...

Khamenei names IRGC veteran Mohsen Rezaei as Iran's security council secretary, replacing Zolqadr amid fallout from the ...

Blanch said only around 5 to 10 ships per day are currently passing through Hormuz, compared with roughly 140 before the war.

The disruption of the Strait of Hormuz could cause investors to place a lasting premium on resilient access to global markets ...

Kazakhstan is weighing new oil export routes through Azerbaijan and Georgia after drone strikes repeatedly shut down its ...

Dutch bank Triodos warns this summer's heat waves could erase up to 1% of EU GDP, hitting France hardest as nuclear output ...

India's top state refiners narrowed LPG retail losses nearly threefold in August as the country reroutes supply around the ...

Hungary is beginning to restore generation at the Paks nuclear plant as rising Danube water levels ease a regional power ...

Oil prices rose as widening differences between Washington and Tehran reduced expectations for a near-term peace agreement and full reopening of the Strait of Hormuz.

Japan Petroleum Exploration Co. (JAPEX) is expanding its U.S. oil and gas footprint with a $320 million acquisition of tight ...