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The IEA said the release will largely consist of crude oil, though contributions from Europe will primarily take the form of refined petroleum product.

November’s midterms will hinge in part on Americans’ attitudes toward the cost of living, and polls show the president is getting poor economic marks.

The strikes sent fuel prices soaring and risked drawing Iran’s Arab neighbors directly into the conflict.

The acquisition enables Zenobe to immediately serve more than 100 electric trucks in California, with more projects underway.

The volume of goods trade is forecast to rise by 1.9%, markedly weaker than a 4.6% jump in 2025 that was partially attributed to AI.

Ongoing tensions in the Middle East are amplifying volatility in global supply chains, Cosco said.

Sinokor has been snapping up very large crude carriers, giving it unprecedented control over a big share of the global fleet.

The attacks added to fears the energy crisis triggered by the closure of the Strait of Hormuz may cause lasting damage to oil and gas production.

Imports of Venezuelan heavy crude doubled in the week leading up to March 13, reaching the highest since late 2024, according to U.S. government data.

The meeting will take place at the American Petroleum Institute and involve members of the U.S. oil and gas trade group’s board, according to sources.