Articles in ‘Energy’

Crude oil flows may be recovering, but the fuels that actually power trucks, tractors, construction machinery and industry remain under severe pressure. A developing shortage of refined petroleum products has driven US diesel prices to a record high, raising concerns that the next global energy shock could increasingly be felt throughout the real economy. INR Report: Based on reporting by Tyler Durden for ZeroHedge HERE · Global oil markets are…

Canadian-owned Methanex is preparing to effectively close its New Zealand operations after concluding that declining natural gas availability makes continued methanol production unsustainable. The decision threatens jobs and economic activity across Taranaki, while simultaneously releasing significant gas supplies for electricity generation and other industrial users. eLocal Report: Based on reporting by RNZ HERE. · New Zealand’s largest…

By Tyler Durden · Summary: · U.S. CENTCOM says U.S. Naval Blockade on Hormuz has been "Lifted" Kuwait Petroleum CEO says Energy Production to Ramp in a Week Iran Media says Southern Ports Traffic Begins Normalizing Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia · The roughly two-month U.S. naval blockade of the Strait of Hormuz has officially ended, according to U.S. Central Command on…

A New Zealand researcher is calling for a major rethink of how the country supports vulnerable households through winter, arguing that long-term investment in residential solar power could deliver greater benefits than the current Winter Energy Payment scheme. By elocal Business Desk · The proposal comes as power prices continue to rise and concerns grow about household energy affordability and New Zealand's long-term energy resilience. · Is…

The New Zealand Government has confirmed it will proceed with plans for a liquefied natural gas (LNG) import terminal, while abandoning an earlier proposal to fund the project through a levy on electricity bills. By elocal Business Desk · Energy Minister Simeon Brown announced the decision during a speech to the Auckland Business Chamber, describing LNG as the most practical solution available to protect the country against electricity…

New Zealand's fuel and energy security challenges continue to generate strong debate, and recent discussions within the NZ Fuel Watch community highlight growing public concern about the country's long-term resilience. The conversation began with a seemingly simple question from Karl regarding the tanker Hafnia Falcon. Observing the vessel repeatedly moving between ports, Karl wondered whether the ship was delivering fuel or collecting…

by Tyler Durden · Summary · Trump: "The [price of] gasoline and the oil will go down rapidly once the war’s over." GOP Sen. Collins switches vote on war powers. · Bessent on X: "Amid the impact of Economic Fury, Iran’s currency has hit an all-time low. The Iranian people deserve a new era, which the corrupt and shambolic Iranian regime cannot provide." Signals hope for uprising, regime change. · Israeli Defense Minister Katz: "soon we will…

New Zealand has been approached by the United States to join a potential multinational effort to reopen the Strait of Hormuz, one of the world’s most critical energy shipping routes. · The passage has been largely shut since the escalation of the Middle East conflict, sending shockwaves through global oil markets and raising concerns over energy security. · According to reporting, the Trump administration has instructed US embassies to lobby…

Airlines have started raising costs and cutting routes, increasing the risk of last-minute cancellations and disruption before the summer holiday season · FILE PHOTO. ©  Thomas Lohnes/Getty Images · Europe’s summer getaway is under threat as airlines slash thousands of flights amid a deepening jet fuel crunch, raising alarm among holidaymakers. Lufthansa alone is scrapping 20,000 services through October to conserve fuel, the…

Source:https://theconversation.com/wh... · The market for oil is global, which is why events like the war in Iran affect oil prices – and prices of the wide range of products made from oil – literally everywhere. Federal data shows that the price at the primary crude oil hub in the United States was US$66 a barrel in late February 2026 – before the U.S. and Israel attacked Iran – and $101 a barrel on April 13. Similar price increases have…