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Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out | Fortune 0
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- August 15, 2026
The U.S. and Iran remain deadlocked over reopening the Strait of Hormuz as each side tries to see how long the other can hold out, and signs of significant oil flows out of the Persian Gulf indicate President Donald Trump is betting he has additional leeway. In the past week, the administration has pushed back
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A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted | Fortune 0
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- August 14, 2026
Amid the tensions spurred by President Donald Trump’s proclaimed desire to annex Greenland, one Texas driller made plans to create an oil boom along the Danish territory’s sparsely populated east coast. But those aspirations are now facing repeated delays in the face of regulatory and community pushback. The first test well was slated to be
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Global shares mostly rise after buying of AI-related shares and oil prices fall 0
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- August 13, 2026
TOKYO — Global shares were mostly higher on Thursday, powered by gains for AI-related stocks including computer chips. France’s CAC 40 edged up 0.1% in early trading to 8,685.40, while the German DAX added 0.4% to 26,445.93. Britain’s FTSE 100 shed 0.4% to 10,791.07. U.S. shares were set to drift moderately higher with Dow futures
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Current price of oil as of Aug. 12, 2026 | Fortune 0
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- August 12, 2026
At 6:35 a.m. Eastern Time today, the price of oil sits at $91.60 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of 94 cents since yesterday morning and roughly $25 more than at this time last year. oil price per barrel % Change Price of oil yesterday
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AI Could Help Fossil Fuel Companies Create More Emissions 0
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- August 11, 2026
The emissions from powering data centers rightly get a lot of attention. But new research from former Microsoft sustainability workers cautions that the way artificial intelligence enhances productivity in the oil and gas industry could be much more damaging to the planet. Published last week in the journal npj Climate Action, the research finds that
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Libya oil refinery fire: Firefighters battle huge blaze after drone attack 0
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- August 11, 2026
Libyan emergency services have been battling to contain a huge blaze at a major oil plant after it was targeted by unknown attackers. The Zawiya refinery, west of the capital Tripoli, was hit in a drone strike on Monday evening – the third such incident in two days. The National Oil Corporation (NOC) said a
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