Vantor satellite image shows firefighting efforts and damage assessment at Ras Tanura oil refinery in Saudi Arabia following a fire incident in early March 2026. Maxar/Satellite image (c) 2026 Vantor via Getty hide caption toggle caption Maxar/Satellite image (c) 2026 Vantor via Getty New drone strikes hit a major oil refinery in Bahrain on Thursday.
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Average prices for diesel in Germany crept half a cent past €2 ($2.33) per liter (in other words, exceeding $7.50 per US gallon) on Wednesday morning, the ADAC motoring club said, while the cheapest variety of petroleum (or gasoline) stood just half a cent below the €2 mark on average.
The war in the Middle East has left global investors grappling with the impact of a drawn-out regional conflict on global energy supplies and its potential to stoke inflation around the world.
A motorboat cruises off the coast of the United Arab Emirates, on the Strait of Hormuz, with a tanker seen in the background, on February 25, 2026. Tanker traffic through the strait has come essentially to a stop after Iran declared the strait closed following attacks on Iran by the U.S. and Israel.
The US-Israel attack on Iran and Iran's aggressive response have unnerved oil markets, with many analysts predicting a massive rise in oil prices.
Fishermen work in front of oil tankers south of the Strait of Hormuz on Jan. 19, 2012, offshore of the town of Ras Al Khaimah in United Arab Emirates. Kamran Jebreili/AP hide caption toggle caption Kamran Jebreili/AP NEW YORK — Oil prices rose sharply when market trading began Sunday, as U.S.
A potent neurotoxin capable of causing lifelong damage to the lungs, brain, skin and other organs, mercury is strictly regulated worldwide. Children, in particular, can suffer severe developmental impairment when exposed.
During a trip to Europe last week, the Donald Trump-appointed US Energy Secretary, Chris Wright, called on the International Energy Agency (IEA) to pivot from clean energy to fossil fuels.
Hungary, Slovakia and Ukraine are in the midst of an spat over a key pipeline that supplies Russian crude to Central Europe. Shipments through the Druzhba pipeline have stalled since the end of January. While Ukraine blames a Russian drone strike for the disruption, Hungary and Slovakia slam Kyiv for the prolonged outage.
During a speech to global elites at the World Economic Forum in Davos last month, US President Donald Trump announced that while China sold windmills to "stupid people that buy them," it did not use wind power itself. Nothing could be further from the truth.
For days, a cold weather front had brought polar air to Cuba, causing temperatures to drop below freezing on some parts of the island for the first time in recorded history. But the frosty air hasn't been the only thing bearing down on Cuba from the north.