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2 mins read
IEA chief warns of summer fuel shortages and a triple energy crisis that will outstrip the oil shocks of the 1970s
"We have an oil crisis, a gas crisis and an electricity crisis simultaneously," the International E…
George Glover
2 mins read
Fuel shortages are sweeping gas stations across Louisiana following Hurricane Ida
The city most-affected in the state is Baton Rouge, where more than half of gas stations are withou…
Kate Duffy
1 min read
Gas prices are likely to hit a 7-year high ahead of Memorial Day after hackers shut down a major oil pipeline in the US
US fuel prices are likely to hit $3 per gallon after hackers shut down the largest oil pipeline in …
Grace Kay
6 mins read
The hidden addiction behind America's housing shortage
The US has more than 2 billion parking spots. All that wasted space is bankrupting cities, slowing …
Jeral Poskey
2 mins read
Europe's natural gas crunch will further weaken the US economy by hitting trade between the two, Goldman Sachs warns
Goldman now expects Germany to tip into recession as the energy crunch intensifies, with negative c…
Harry Robertson
3 mins read
The US is almost out of options to make Russia pay for Navalny's death
President Joe Biden said in 2021 that Russia would suffer "devastating" consequences if Navalny die…
Tom Porter
1 min read
Germany must cut its gas consumption by 20% to avoid an energy shortage this winter, its top regulator says
Germany may have to rely on European gas supplies this winter ahead of winter, Klaus Müller, head o…
Zahra Tayeb
2 mins read
Rental car prices are hitting 'record highs' during the Fourth of July weekend - see the 10 cities with the highest demand
Car-rental prices have jumped 86% compared to last year's Fourth of July as 43.6 million Americans …
Brittany Chang
2 mins read
Gas stations in some states are running out of fuel ahead of Fourth of July weekend and an oil-truck-driver shortage is to blame
A shortage of fuel tank drivers has made it difficult for gas stations to schedule gasoline deliver…
Grace Kay
1 min read
Russia's natural gas cuts have sparked LNG hoarding that could drive up prices further and worsen shortages
Japan and South Korea are moving up LNG purchases on fears that Europe will also hoard supplies, tr…
Brian Evans
2 mins read
Ukraine finally found a way to make Russia suffer. The US seems to want it to stop.
Kyiv is badly damaging Russia's oil industry with audacious long-range drone strikes. But the White…
Tom Porter
2 mins read
Europe's record-high gas and electricity prices are a taste of what's in store for global commodity markets, Goldman Sachs says
Goldman Sachs said commodities markets will only cool when sky-high prices cause "demand destructio…
Harry Robertson
1 min read
US gas supplies won't be enough to fill the gaping hole Russia left in Europe
US LNG won't be enough to fill the gaping hole Russia left behind in Europe, according to a Bloombe…
Jennifer Sor
2 mins read
Florida and Virginia governors declare state of emergency over growing gas shortage
Florida's gasoline supply is mostly unaffected by the hack, but an uptick in panic buying has led t…
Erin Snodgrass
2 mins read
Oil prices soar above $80 for the first time in 3 years as the natural gas shortage stokes demand
Investors were betting that the global natural gas crunch would send users towards oil for their en…
Harry Robertson
2 mins read
An Applebee's and Taco Bell franchise executive wrote in a leaked email that high gas prices would bring in new workers who won't demand high wages
In a leaked email, an executive at American Franchise Capital said rising gas prices will boost app…
Gabrielle Bienasz
2 mins read
Elon Musk says Europe should restart its dormant nuclear power stations amid fears the Russian invasion of Ukraine will trigger a gas-supply shortage
Musk's latest tweet comes two days after he backed an increase in US oil and gas output to counter …
Huileng Tan
4 mins read
The US risks joining a long list of powers that tried and failed to stop the Houthis
Egypt was unable to defeat the Houthi rebels even with tanks, bombers and poison gas in what would …
Michael Peck
2 mins read
US stocks slip after rallying last week as rising oil prices renew inflation fears
Oil surged to a two-month high of $123 Tuesday after the European Union agreed to ban most Russian …
Phil Rosen
3 mins read
The US economy is surging
Real US GDP grew at an annualized rate of 2.4% in the second quarter of the year, way above the gro…