Ukraine's Strikes on Russian Oil Have Become an Energy Market Story
Kyiv's long-range campaign against refining and export infrastructure is a military strategy with a measurable effect on global fuel prices.
Energy
Crude Reaches $92 in Its Strongest Week Since July
Oil rose to $92.06 a barrel on 6 September, up nearly 9% on the week and roughly 48% year on year, as US-Iran strikes resumed after a month's pause.
US Diesel Hits a Four-Year High as Europe's Inventories Run Thin
Refining capacity, not crude supply, is the binding constraint — and it is the one that reaches freight costs, food prices and factory output.
OPEC+ Completes Its Cut Rollback, Then Stops
A 188,000 barrel-a-day September increase finished the phased unwinding of voluntary cuts. Further rises look unlikely this year, and the reason is the Strait of Hormuz.
Eskom's Second Profitable Year Leaves the Harder Problem Untouched
South Africa's utility doubled profit, but its fleet is old, coal-heavy and facing a transition that profitability alone does not finance.
Trump Announces U.S.-Venezuela Deal for 65 Billion Barrels
President Trump waves after arriving off Air Force One, Friday, Aug. 28, 2026, at Joint Base Andrews, Md. Mark Schiefelbein/AP hide caption toggle caption Mark Schiefelbein/AP WASHINGTON (AP) — President Donald Trump said Friday that his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S.
Gulf Shrimpers Seek Help as Fuel Costs Surge
Acy Cooper eats lunch out of his pickup truck at the Myrtle Grove Marina in Port Sulphur, La. on Friday, May 15, 2026. Cooper had just returned to the marina after a shift ferrying oil rig workers from offshore platforms — a job he's taken because of falling shrimp prices and increasing fuel costs.
China Delivers Rice as Cuba Battles Blackouts and U.S. Pressure
Cuba took delivery of 15,000 tons of rice donated by China on Sunday when the first of several promised shipments arrived at the port of Havana, helping to somewhat alleviate acute shortages on the Caribbean island.
Coal mine explosion in northern China kills at least 82
A gas explosion at a coal mine in northern China has killed at least 82 people, authorities reported Saturday, revising an earlier higher death toll. They added 120 people were hospitalized and were still missing.
Summer Power Bills Climb, Straining Households
Electricity prices are climbing faster than overall inflation. That, coupled with a hotter-than-usual summer, has forecasters warning of a sharp jump in utility bills. Brandon Bell/Getty Images hide caption toggle caption Brandon Bell/Getty Images Temperatures are climbing, and so is the price of electricity.
Drive Less, Go Electric, or Drive Smarter to Save on Gas
A customer pumps gas into his car at a Chevron station on May 4 in Los Angeles, Calif. Gas prices have surged to a 4-year high, as tensions in the Middle East continue. Gasoline in California is over $6 a gallon.
Kenya paralyzed by deadly protests and fuel strike
At least four people were killed and more than 30 injured during protests that erupted across Kenya on Monday, as a crippling public transport strike fueled anger over a sharp rise in fuel prices linked to the Iran war and disruptions through the Strait of Hormuz.