energy News
Oil Prices Climb as US Seizes Second Tanker Off Venezuela
Escalating maritime blockade tightens global crude supply, sending Brent crude above $60 and fueling a rally in energy sector shares.
BP Appoints Meg O'Neill as CEO in Strategic Pivot to Oil and Gas
Woodside Energy chief becomes the first woman to lead an oil supermajor, signaling a renewed focus on fossil fuel profitability amid investor pressure.
Oil Prices Climb as US-Venezuela Tensions Counter Russia Peace Hopes
Brent crude futures push past $61 per barrel after Washington orders a blockade of sanctioned Venezuelan tankers, tightening the near-term supply outlook.
Energy Prices Under Pressure as US Crude Draw Disappoints
A smaller-than-expected decline of 1.3 million barrels in US stockpiles signals potential weakness in energy demand, missing analyst forecasts.
TransAlta Forced to Extend Coal Plant Operations by US Government
Department of Energy issues emergency order for Washington state plant, citing grid stability concerns and temporarily halting the company's planned coal exit.
Chevron Uniquely Positioned as US Action Halts Venezuelan Oil Traffic
Energy giant continues operations under a special license as a U.S. tanker seizure paralyzes competitors, yet shares dip amid broader market concerns.
Oil Muted as US Blockade on Venezuela Fails to Shake Surplus Fears
Energy stocks fall despite geopolitical flare-up, as traders weigh global oversupply concerns against a targeted squeeze on Venezuelan crude exports.
Energy Sector Reels as 'Super Glut' Sends Oil Prices Tumbling
Fears of a sustained downturn grip the market as non-OPEC+ supply surges while global demand falters, forcing producers to slash spending and re-evaluate future projects.