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Energy
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Oil rises as IEA flags greater volatility ahead, OPEC cuts demand forecast
13 May 2026OPEC cut its demand growth estimates for 2026 to about 1.2 million barrels per day.
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Hormuz closure cuts OPEC oil production by 30% and threatens demand growth this year, cartel says
13 May 2026Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
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Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
13 May 2026The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.
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Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say
13 May 2026President Donald Trump and lawmakers are eyeing federal gas tax relief, but opponents contend a pause wouldn't help consumers and could harm roads.
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Trump wants gas tax relief. But slim driver savings could strain a key federal fund
13 May 2026President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.
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Trump doesn't need Congress to restart Iran strikes: Hegseth
12 May 2026The Iran war, now well into its third month, has caused oil prices to soar globally as Iran continues to lock down the Strait of Hormuz.
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Analysis: Iran war hangs over Trump's China trip — and his presidency
13 May 2026There is no quick fix to the economic and political damage from the war.
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India’s inflation in April rises for sixth straight month, but undershoots estimates
12 May 2026Disruptions from the Middle East conflict pose a risk to India's economic growth and inflation.
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What's at stake for trade, Taiwan and Iran in Trump's high-risk summit with China's Xi
12 May 2026China experts anticipate Trump and Xi may announce trade deals or other agreements, such as a Chinese purchase of U.S. agricultural products or Boeing aircraft.
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Behind Big Oil’s first-quarter beat: The quiet rise of trading desks
12 May 2026Europe's oil supermajors highlighted trading contributions as they reported stronger-than-expected profits through the first three months of the year.