Global shipping rates surge to multi-year highs, raising costs for oil, LNG

Global shipping rates surge to multi-year highs: Why?

Rare rise in freight costs worldwide strains shipping routes vital to GCC exporters

US gas explosion rips house apart, hurts 6

Dramatic footage shows home when it suddenly exploded, spewing jagged wood and debris

Damage is seen at the scene of a gas explosion in Hayward, Californi, Thursday, Dec. 11, 2025.

US sanctions 6 ships as pressure on Maduro escalates

Venezuela accuses US of 'blatant theft' after seizure of oil tanker Skipper

This screen grab from a video posted by US Attorney General Pam Bondi on her X account on December 10, 2025 shows what Bondi says is the execution of "a seizure warrant for a crude oil tanker used to transport sanctioned oil from Venezuela and Iran" off the coast of Venezuela on December 10.

Russian oil revenue hits lowest level since 2022

Russian oil export revenue hit lowest level since invading Ukraine: IEA

An oil platform operated by Lukoil in the Caspian Sea, Russia.

GM delivers 144K+ EVs so far in 2025, up 103% vs 2024

GM’s massive EV growth could put pressure on Tesla’s dominance in the US

GM delivered 66,501 EVs in Q3 alone. The star of the show: the Chevrolet Equinox EV (2 variants are shown in this picture).

Dana Gas makes major gas discovery in Egypt

Dana Gas finds up to 25 bcf of gas in Nile Delta, boosting domestic supply capacity

The North El-Basant 1 well is the fourth in Dana Gas’s 11-well development and exploration programme under its current investment cycle.

Toyota bZ3X $15,000 EV — RAV4 rival — explodes in China

10K+ units sold for 2 straight months: Toyota's latest EVs catch on with Chinese buyer

The RAV4-sized Toyota bZ3X all-electric compact SUV at a dealership. Produced in China, via joint venture GAC-Toyota, the bZ3X sales exceeded 10,000 units for two straight months.

First of 30 US oil lease sales draw $300 million

Sale came after Trump announced plans to allow new drilling off Florida and California

FILE - Oil platforms are visible through the haze near the Flower Garden Banks National Marine Sanctuary in the Gulf of Mexico, off the coast of Galveston, Texas, Saturday, Sept. 16, 2023.

Video: US seizes oil tanker off the coast of Venezuela

Seizure of oil tanker unusual, marks Trump's latest push to ramp pressure on Maduro

Video released by Attorney General Pam Bondi depicts US forces rappelling from a helicopter onto a seized oil tanker, underscoring the Trump administration's intensified campaign against Venezuelan President Nicolás Maduro, indicted on US narcoterrorism charges.

US judge throws out Trump's order blocking wind energy

Judge says Trump’s order blocking wind energy projects 'arbitrary and capricious'

US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on July 29, 2025.

Could Manila’s 'Dalaray' be the Tesla of the tides?

Philippine student-built electric ferry signals boom in green maritime transport

M/B Dalaray, a battery-electric ferry cruising along Pasig River, Manila (off Plaza Mexico, Intramuros). The e-ferry, designed and built by Filipino studies for less than $1 million in Navotas, offers a cleaner, quieter, and more sustainable way to travel along the Pasig River, linking Manila, Makati, Mandaluyong, Pasig, and Taguig. Scaling its production could help boost inter-island transport and local tourism.

India to ramp up refining capacity, 'green hydrogen'

Adoption of clean fuels to curb emissions in industries such as steel, cement, transport

India aiming to ramp up refining capacity, biofuels and produce 5 MMT green hydrogen annually by 2030

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