The United States operates approximately ~18.0–18.4 million barrels per day of refining capacity – the largest single refining base in the world. During peak demand seasons, utilization rates ...

With each nation exposed in different ways to global oil markets, the regional impact of the price shock is likely to be significant, but uneven. The impacts of the global oil price shock continue to ...

As the Iran war intensifies, governments across Africa are watching the unfolding crisis with growing unease. Conflicts in the Gulf rarely remain confined to the region, and the economic shockwaves ...

If Texas wants to continue to be a leader in oil, the Permian Basin needs more energy. That’s the warning influential trade groups representing oil companies have been telling state lawmakers and ...

Shell gas station in San Francisco, California, showing gas prices, with Regular fuel priced at $6.50 per gallon, on March 12, 2026. Shell gas station in San Francisco, California, showing gas prices, ...

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Motorists around the globe are already feeling the impact of the United States and Israel’s war on Iran, with fuel prices sharply rising since the war began. In the US, a gallon of regular petrol that ...

European natural gas dropped after US President Donald Trump predicted the Iran war will end soon, as he faces mounting pressure over how the conflict has upended energy markets. Shortly after the gas ...

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. The US and Israeli war against Iran is disrupting energy markets and driving oil and ...

(Update) March 2, 2026, 5:32 PM GMT: Article updated. Qatar shut LNG production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices ...

PROTECTING THE U.S. ECONOMY AND NATIONAL INTERESTS: Today, President Donald J. Trump signed a Proclamation imposing a temporary import duty to address fundamental international payments problems and ...

The Supreme Court struck down a huge chunk of President Donald Trump's far-reaching tariff agenda. The law that undergirds those import duties "does not authorize the President to impose tariffs," the ...