Keywords: Oil
The rapid expansion of data centers is putting additional pressure on the electricity network in the Permian Basin of West Texas, where rising power consumption from oil and gas operations is coinciding with growing demand from the technology sector. The Permian Basin has experienced a significant increase......
The United States has deployed another major naval asset to the Middle East as tensions with Iran continue to escalate. The USS George Washington aircraft carrier strike group has arrived in the region as part of a previously scheduled deployment under the area of responsibility of U.S. Central Command. U.S.......
The United States is preparing a broad new economic pressure campaign against Iran, with Treasury Secretary Scott Bessent warning that Washington could impose some of the toughest sanctions ever announced as part of efforts to isolate Tehran financially. Speaking to CNBC, Bessent said the administration......
South Africa is facing renewed debate over investment, energy security and job creation after the Constitutional Court cancelled offshore exploration rights previously granted to Shell and Impact Africa along the country’s Wild Coast. The ruling, issued on August 14, prevents the renewal of exploration......
Global energy markets could be heading toward another period of pressure, with refined fuels emerging as a greater concern than crude oil prices, according to veteran market strategist Jeff Currie. Speaking to CNBC, Currie, chief strategy officer at Altis Partners, argued that consumers are ultimately......
Only six cargo vessels crossed the Strait of Hormuz on Tuesday, according to maritime tracking data, marking the lowest daily level recorded in several weeks as security concerns continue to discourage shipowners from using the strategic waterway. Data from maritime intelligence firm Kpler showed that......
Oil prices continued their upward trend on Tuesday, August 18, for the third consecutive session, in a market once again dominated by geopolitical risks in the Middle East. Investors are now concerned about an extension of the conflict between the United States and Iran following the expiration on Monday......
Commercial shipping through the Strait of Hormuz has slowed sharply amid growing security concerns following attacks targeting oil tankers and renewed uncertainty over diplomatic efforts between the United States and Iran. According to vessel-tracking data, maritime operators have significantly reduced......
The International Monetary Fund is preparing to send a team to Uganda in September for renewed discussions on a potential financial support programme, as the East African economy seeks to strengthen its public finances while preparing for a major shift linked to the expected start of crude oil production. The......
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