It should be common knowledge that oil spills in the ocean are bad news. This is terrible for wildlife and the environment as a whole, but some cleanup methods are also not necessary. A group of engineers and researchers in Australia have designed a highly adorable robot that can
The gap between oil and gas has narrowed over the past decade as the shale revolution has supercharged natural gas production. (Mark Felix/Bloomberg) July 2, 2026 3:08 pm, EDT key takeaways: Natural gas is set to overtake petroleum as the top US energy source by 2030, with the gap nearly closing in 2025. Amid shale
“A wave of oil is about to enter the market,” said Natasha Kanaeva, head of commodity research at JPMorgan Chase & Co. (Elke Scolliers/Getty Images via Bloomberg) July 2, 2026 10:36 am, EDT key takeaways: Oil fell below pre-war levels after Saudi Arabia resumed crude exports from its Ras Tanura terminal at normal rates. UAE
(Kaylee Greenlee/Bloomberg) June 25, 2026 8:44 am, EDT | Update: June 25, 2026 10:10 am, EDT key takeaways: US stocks rose on June 25, led by AI-powered chipmakers, with Micron rising 19.4% and Qualcomm gaining after strong results and forecasts. The rally reflects easing concerns about high valuations as strong earnings and falling oil prices
Tankers and cargo ships travel in the Gulf of Oman along shipping routes linking the Strait of Hormuz and the Arabian Sea on June 16. (AP photo) June 25, 2026 10:16 am, EDT key takeaways: Several tankers exited the Strait of Hormuz on June 25 via a new UN-backed coastal route with Oman, despite Iranian
A tanker moored near Port Sultan Qaboos in Muscat, Oman, on June 21. (Elke Scolliers/Bloomberg) June 24, 2026 2:27 pm, EDT key takeaways: A surge in oil cargoes through the Strait of Hormuz, reopened following the US-Iran deal, has triggered oversupply and weak markets across Europe and Asia. Excess supply from Middle Eastern exports and
(Michael Nagle/Bloomberg) June 24, 2026 8:16 am, EDT key takeaways: Oil prices have fallen and are close to the price they were before the Iran war started in late February. President Donald Trump said on social media that the Justice Department would investigate oil companies for price gouging. The market selloff this week has largely
A small motorboat passes ships anchored in the Strait of Hormuz near Bandar Abbas, Iran, on June 17. (Amirhossein Khorgui/ISNA via AP) June 23, 2026 8:08 am, EDT | Update: June 23, 2026 10:16 am, EDT key takeaways: Oil prices continue to fall on hopes of ending the Iran war. Iran says it has closed
The US Treasury Department issued a temporary, 60-day license, allowing Iran to sell some of its energy exports until August 21. I (Patrick Semansky/AP) June 22, 2026 1:57 pm, EDT key takeaways: The US issued a 60-day Treasury license, allowing Iran to sell oil until August 21, after President Donald Trump signed the June 17
More than 100 oil tankers were stuck inside the Persian Gulf before the interim peace agreement was signed. (Andrea Campanu/Bloomberg via Getty Images) June 22, 2026 8:16 am, EDT | Update: June 22, 2026 8:45 am, EDT key takeaways: Oil prices fell as talks progress on a permanent end to the Iran war. High-level talks