While Brent and WTI hover around the low $100s, spiking fuel costs paint a clearer picture of the escalating disruption.
A 'Sorry This Hose Not In Use' sign covers a pump at a Shell petrol station in Sydney, Australia, on Wednesday, March 25, 2026. Hundreds of service stations across Australia have reported fuel shortfalls, as the war in the Middle East disrupts global supplies. Photographer: Brent Lewin/Bloomberg
A weeks-long outage at a major Australian liquefied natural gas export plant has dealt a further blow to a global market still reeling from the halt of operations in Qatar.
A weeks-long outage at a major Australian liquefied natural gas export plant has dealt a further blow to a global market still reeling from the halt of operations in Qatar.
By restricting free trade, governments risk inadvertently making a bad situation worse.
A man brings a depleted liquefied petroleum gas (LPG) canister to a depot in New Delhi, India, on Monday, March 16, 2026. India is the second-largest importer of LPG in the world and is suffering acute shortages of the fuel, used in cooking gas and industrial processes. Photographer: Anindito Mukherjee/Bloomberg
Futures for oil and stocks worth billions of dollars changed hands just 15 minutes before a social media post from US President Donald Trump sent crude prices tumbling and equities soaring.
Futures for oil and stocks worth billions of dollars changed hands just 15 minutes before a social media post from US President Donald Trump sent crude prices tumbling and equities soaring.
Futures for oil and stocks worth billions of dollars changed hands just 15 minutes before a social media post from US President Donald Trump sent crude prices tumbling and equities soaring.
Futures for oil and stocks worth billions of dollars changed hands just 15 minutes before a social media post from US President Donald Trump sent crude prices tumbling and equities soaring.
Pakistan has ordered fans of its top cricket tournament to stay home and watch matches on television to conserve fuel as disruptions from the Middle East war continue to batter the South Asian nation’s economy.
Pakistan has ordered fans of its top cricket tournament to stay home and watch matches on television to conserve fuel as disruptions from the Middle East war continue to batter the South Asian nation’s economy.
Quiet roads in Islamabad after the government of Pakistan declared a three-day public holiday due to a shortage of petrol and diesel in the country, on March 13. Photographer: Muhammed Semih Ugurlu/Anadolu/Getty Images
Pakistan has ordered fans of its top cricket tournament to stay home and watch matches on television to conserve fuel as disruptions from the Middle East war continue to batter the South Asian nation’s economy.
Pakistan has ordered fans of its top cricket tournament to stay home and watch matches on television to conserve fuel as disruptions from the Middle East war continue to batter the South Asian nation’s economy.
Quiet roads in Islamabad after the government of Pakistan declared a three-day public holiday due to a shortage of petrol and diesel in the country, on March 13. Photographer: Muhammed Semih Ugurlu/Anadolu/Getty Images
Asian buyers were closely monitoring a fraught liquefied natural gas market after Qatar announced that two trains at the world’s largest export hub could stay offline for as long as five years, tightening global supplies.
Asian buyers were closely monitoring a fraught liquefied natural gas market after Qatar announced that two trains at the world’s largest export hub could stay offline for as long as five years, tightening global supplies.
An LNG tanker in South Korea. Photographer: SeongJoon Cho
China is maintaining the pressure on its nuclear power giants to deliver more reactors with an ambitious new target, despite a string of misses in recent years.
China is maintaining the pressure on its nuclear power giants to deliver more reactors with an ambitious new target, despite a string of misses in recent years.
This undated file photo shows a view of the Taipingling nuclear power project in south China's Guangdong Province. The fuel loading for Unit 1 of China General Nuclear Power Group's CGN Taipingling nuclear power project in Guangdong commenced on Wednesday. The unit uses Hualong One technology, a domestically developed third-generation reactor design. It is the first Hualong One project in the Guangdong-Hong Kong-Macao Greater Bay Area. (Photo by Ke Yongchu/Xinhua via Getty Images)
China is maintaining the pressure on its nuclear power giants to deliver more reactors with an ambitious new target, despite a string of misses in recent years.
China is maintaining the pressure on its nuclear power giants to deliver more reactors with an ambitious new target, despite a string of misses in recent years.
This undated file photo shows a view of the Taipingling nuclear power project in south China's Guangdong Province. The fuel loading for Unit 1 of China General Nuclear Power Group's CGN Taipingling nuclear power project in Guangdong commenced on Wednesday. The unit uses Hualong One technology, a domestically developed third-generation reactor design. It is the first Hualong One project in the Guangdong-Hong Kong-Macao Greater Bay Area. (Photo by Ke Yongchu/Xinhua via Getty Images)
China is maintaining the pressure on its nuclear power giants to deliver more reactors with an ambitious new target, despite a string of misses in recent years.
China is maintaining the pressure on its nuclear power giants to deliver more reactors with an ambitious new target, despite a string of misses in recent years.
This undated file photo shows a view of the Taipingling nuclear power project in south China's Guangdong Province. The fuel loading for Unit 1 of China General Nuclear Power Group's CGN Taipingling nuclear power project in Guangdong commenced on Wednesday. The unit uses Hualong One technology, a domestically developed third-generation reactor design. It is the first Hualong One project in the Guangdong-Hong Kong-Macao Greater Bay Area. (Photo by Ke Yongchu/Xinhua via Getty Images)
China, the world’s top polluter, set a cautious new five-year climate target, frustrating hopes for tighter policy that would drive the nation to peak carbon emissions well before President Xi Jinping’s 2030 deadline.
China, the world’s top polluter, set a cautious new five-year climate target, frustrating hopes for tighter policy that would drive the nation to peak carbon emissions well before President Xi Jinping’s 2030 deadline.
China called on “all sides” of the Iran war to ensure the safe passage of ships through the Strait of Hormuz, a key maritime chokepoint.
DUBAI, UNITED ARAB EMIRATES - MARCH 2: Commercial ships anchor off the coast of the United Arab Emirates due to navigation disruptions in the Strait of Hormuz, Dubai on March 2, 2026. Increased maritime traffic led to a buildup of vessels waiting near Dubai, highlighting the strategic importance of the strait, which handles 20 percent of global energy trade. (Photo by Stringer/Anadolu via Getty Images)
Power-station coal prices jumped the most in three years as an unprecedented shutdown of Qatar’s liquefied natural gas plant raised the needs for fuel-switching in the electricity sector.
Power-station coal prices jumped the most in three years as an unprecedented shutdown of Qatar’s liquefied natural gas plant raised the needs for fuel-switching in the electricity sector.
Chinese leaders will launch a pivotal five-year plan this week that’ll help shape global commodities markets through the end of the decade. Their fixes targeting supply will be as important as the impact of their decisions on demand.
Chinese leaders will launch a pivotal five-year plan this week that’ll help shape global commodities markets through the end of the decade. Their fixes targeting supply will be as important as the impact of their decisions on demand.
Solar panels at the Baofeng Agriculture-Photovoltaic Integration Industrial Base near Yinchuan, Ningxia autonomous region, China, on Tuesday, Sept. 16, 2025. China plans to more than double its energy storage capacity in the next two years to further accelerate the deployment of renewables.
Chinese leaders will launch a pivotal five-year plan this week that’ll help shape global commodities markets through the end of the decade. Their fixes targeting supply will be as important as the impact of their decisions on demand.
Chinese leaders will launch a pivotal five-year plan this week that’ll help shape global commodities markets through the end of the decade. Their fixes targeting supply will be as important as the impact of their decisions on demand.
Solar panels at the Baofeng Agriculture-Photovoltaic Integration Industrial Base near Yinchuan, Ningxia autonomous region, China, on Tuesday, Sept. 16, 2025. China plans to more than double its energy storage capacity in the next two years to further accelerate the deployment of renewables.
China’s solar power generation overtook wind for the first time last year as a boom in cheap panels continues to reshape the country’s grid and climate trajectory.
China’s solar power generation overtook wind for the first time last year as a boom in cheap panels continues to reshape the country’s grid and climate trajectory.
Solar panels at a photovoltaic power station in Dunhuang, Gansu Province, China. Photographer: Qilai Shen/Bloomberg
China’s solar industry is expecting a massive drop-off in installations in 2026 due to a policy shift instituted last year that has threatened to slash revenue from renewable generation.
China’s solar industry is expecting a massive drop-off in installations in 2026 due to a policy shift instituted last year that has threatened to slash revenue from renewable generation.
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