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U.S. funding bill blocks China from buying oil from Strategic Petroleum Reserve

A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve, or SPR. The desire for a hard…
Politics

Houthis claim ‘catastrophic’ attack in Red Sea that prompted crew to abandon ship

The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in…
Politics

Putin makes rare visits to the UAE, Saudi Arabia to talk strengthened relations, Israel-Hamas war

DUBAI, United Arab Emirates — Russian President Vladimir Putin arrived in Riyadh on Wednesday evening local time, Russian state media…
Finance

Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy

The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…
Finance

Bank of England governor says Israel-Hamas conflict poses risks to inflation fight

Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…
Politics

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic.…
Finance

Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says

Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in the war between…
Finance

These are Wall Street’s favorite energy stocks as oil rallies

Economy

Saudi Arabia’s economic growth slows as oil cuts, price drops bite into revenues

Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in…
Finance

Berkshire Hathaway takes control of LNG facility as Buffett ups bet on energy infrastructure

Berkshire Hathaway Energy has agreed to purchase a 50% stake in the Cove Point liquefied natural gas facility for $3.3…