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Energy sector

  • Tuesday, 12 May, 2026
    Oil & Gas industry
    Oil majors return to Alaska as state becomes ‘world’s hottest play’

    Exxon and Shell among those resuming Arctic exploration in Trump’s ‘drill, baby, drill’ era

    3 hours ago
    A caribou stands on partially snow-covered tundra with the Trans Alaska Pipeline System visible in the background.
  • Tuesday, 12 May, 2026
    Biofuels
    Hedge funds bet on biofuels to profit from Iran oil price shock

    Traders expect corn and soyabeans to soar as demand for alternative fuel sources rises

    3 hours ago
    A farmer stands on a red combine harvester after collecting soyabeans in a field under clear skies.
  • Monday, 11 May, 2026
    US politics & policy
    US considers suspending fuel tax as Iran war pushes up prices

    Republican Senator Josh Hawley introduces legislation after Donald Trump backs move

    A person with tattooed arms refuels a car at a gas station, holding a black gasoline pump nozzle in the vehicle’s tank.
  • Monday, 11 May, 2026
    Saudi Aramco
    Saudi Aramco warns fuel stocks heading for ‘critically low levels’

    Amin Nasser says depletion of gasoline and jet fuel inventories is ‘rapidly accelerating’ due to Hormuz closure

    Amin Nasser gestures with open arms while speaking during the Future Investment Initiative.
  • Monday, 11 May, 2026
    Energy crisis
    EU weighs adding carbon costs to outbound flights

    Proposal likely to trigger backlash from airline industry and the US

    An Air France airplane takes off above a Japan Airlines plane on the runway at Charles de Gaulle airport.
  • Monday, 11 May, 2026
    UK energy
    German energy group Eon seals takeover of UK supplier Ovo

    Merger will create entity serving almost 10mn customers and will be major competitor to Octopus Energy

    Several rows of brick houses with illuminated windows at dusk, seen in Warwick town centre during summer.
  • Monday, 11 May, 2026
    Indian society
    Modi calls on Indians to tighten belts amid Gulf crisis

    PM asks citizens to work from home, limit gold purchases and stop travelling abroad to conserve foreign exchange

    Narendra Modi holds his hands together in a traditional greeting gesture during the swearing-in ceremony.
  • Monday, 11 May, 2026
    Oil & Gas industry
    Europe’s oil majors reap up to $4.75bn from trading on Iran war volatility

    Trading desks at BP, Shell and TotalEnergies outshine US rivals

    Vehicles and a pedestrian pass beneath a large Tehran billboard showing Iranian soldiers holding a net capturing US military equipment, with a message stating the Strait of Hormuz remains closed.
  • Monday, 11 May, 2026
    Industrial metals
    India drives global rise in coal-based steel capacity

    New blast furnace projects threaten to undermine shift to greener production elsewhere

    A Tata Hitachi excavator moves a large pile of sand near the blast furnace at the Jindal Steel & Power plant. Several workers are seen in the foreground.
  • Monday, 11 May, 2026
    Coal
    Coal shipments jump as countries seek alternatives to disrupted gas supplies

    Middle East conflict is driving many Asian nations in particular to turn to the fossil fuel

    A truck loaded with coal is being unloaded by an excavator at a coal storage area, with two workers on top of the truck and another standing near the excavator.
  • Monday, 11 May, 2026
    Airlines
    Airlines cut prices to entice holiday bookers worried about jet fuel

    Companies locked in a ‘confidence game’ with consumers to persuade them to book

    A montage showing a plane flying overhead, tourists riding in a tuk-tuk on a Lisbon street, and passengers disembarking from a plane at Malta International Airport.
  • Sunday, 10 May, 2026
    Middle East war
    Qatar gas shipment clears Strait of Hormuz after Pakistan-Iran talks

    Tanker carrying LNG throws energy lifeline to Islamabad

    Several vessels are spaced across the Strait of Hormuz with rocky, arid mountains visible in the background.
  • Sunday, 10 May, 2026
    Oil & Gas industry
    Saudi Aramco profits rise as oil price surge and pipeline offset Iran war hit

    East-west pipeline allows world’s biggest oil company to circumvent the Strait of Hormuz and keep pumping

    The illuminated Aramco sign is seen on a gas station canopy, with vehicles and a palm tree in the foreground.
  • Sunday, 10 May, 2026
    Oil
    Africa’s richest man eyes Kenya for new refinery

    Aliko Dangote tells the FT he is leaning towards Mombasa rather than Tanzania for 650,000-barrel-a-day oil mega-project

    Aliko Dangote sits on stage during the Semafor World Economy Summit, wearing a suit and red tie.
  • Sunday, 10 May, 2026
    Airlines
    Lex. Buckle up: plane tickets could still get much more expensive

    Airlines have managed to avoid greater turbulence because jet fuel hasn’t actually run short — yet

    Premium content
    A Ryanair airplane parked on the tarmac with Thessaloniki city and mountains in the background.
  • Sunday, 10 May, 2026
    Australia
    Australia’s ‘petro-diplomacy’ eases fuel shortage fears

    Canberra has used its status as major gas exporter to push Asian suppliers to maintain flow of vital refined oil products

    Anthony Albanese and Sanae Takaichi take a selfie together, surrounded by smiling children holding Australian and Japanese flags.
  • Friday, 8 May, 2026
    Middle East war
    LNG carriers test Iran blockade in Strait of Hormuz

    Pakistan cancelled plans to buy cargoes on spot market because it expected Gulf shipments to resume

    USS Rafael Peralta and the Iran-flagged tanker Herby are seen at sea during a maritime blockade at sunset.
  • Friday, 8 May, 2026
    Moral Money
    The fusion power race is heating up

    Start-ups ride a funding wave as governments eye transformative potential

    Premium content
    Workers assemble a large toroidal field magnet at the Commonwealth Fusion Systems facility, surrounded by tools and equipment in a lab setting.
  • Friday, 8 May, 2026
    Oil & Gas industry
    The energy shock is not all about price

    Low stocks of crude and products in Europe are bigger risks for the continent

    Yellow "Sorry out of use" signs and caution tape cover empty petrol pumps at a closed London petrol station.
  • Friday, 8 May, 2026
    South East Water PLC
    South East Water chief quits after calls for management clear-out

    Utility has been heavily criticised over supply failures and outages

    David Hinton, chief executive of South East Water, speaks at a committee hearing on water sector reform at the House of Commons
  • Friday, 8 May, 2026
    US foreign policy
    US and South Africa hold talks on mining deals after year of tensions

    Officials discussed resources investments as Washington tries to break China’s control of critical minerals production

    The Phalaborwa mine in South Africa’s north-eastern Limpopo province
  • Friday, 8 May, 2026
    Macquarie Group
    Macquarie’s commodities boss paid more than CEO as profits soar

    Simon Wright awarded A$35mn annual pay as energy markets drive bumper returns at ‘millionaires’ factory’

  • Thursday, 7 May, 2026
    European companies
    ERG faces semi-nationalisation in boardroom showdown

    Kazakh government official to be proposed as new chief executive in upcoming vote at privately owned mining group

    Pedestrians cross a snowy street as cars wait at a red light, with smoke rising from the Aksu Ferroalloys Plant in the background.
  • Thursday, 7 May, 2026
    Renewable energy
    US fund threatens to divest TotalEnergies stake over offshore wind exit

    Symbolic move indicates growing resistance to Trump administration’s payments to stop such projects

    Two offshore wind turbines stand in the ocean under a clear blue sky.
  • Thursday, 7 May, 2026
    Cuba
    Canadian miner Sherritt pulls out of Cuba on Trump sanctions fears

    Termination of 32-year joint venture is a blow to communist island’s economy and could push up cobalt prices

    Open pit mining area with reddish-brown earth and pools of muddy water, surrounded by forest and distant hills under a partly cloudy sky.
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Most Read

  1. Saudi Aramco warns fuel stocks heading for ‘critically low levels’
  2. Modi calls on Indians to tighten belts amid Gulf crisis
  3. Europe’s oil majors reap up to $4.75bn from trading on Iran war volatility
  4. US considers suspending fuel tax as Iran war pushes up prices
  5. EU weighs adding carbon costs to outbound flights

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