As the US-Iran battle escalates, surging jet fuel prices are driving up borrowing costs for airlines, further dimming the prospects for smaller American carriers.
Democrats plan to scrutinize soaring profits in the oil sector if they take control of the House of Representatives in the midterm elections, raising the specter that companies could face congressional investigations and hearings.
Wages for oilfield-services workers climbed for a third straight month in May, setting a fresh record as the Iran war drove up crude prices and companies increased drilling.
The US Nuclear Regulatory Commission plans to scrap guidance on radiation exposure for power plant workers that’s been in place since the mid-1970s.
Personal protective equipment (PPE) inside the Pacific Gas and Electric Co. (PG&E) Diablo Canyon nuclear power plant in Avila Beach, California, US, on Tuesday, Aug. 5, 2025. The Nuclear Regulatory Commission granted PG&E permission to run the California facility under its current license while it reviews the application to extend the life of the state's last nuclear power plant. Photographer: David Paul Morris/Bloomberg
The US Nuclear Regulatory Commission plans to scrap guidance on radiation exposure for power plant workers that’s been in place since the mid-1970s.
Personal protective equipment (PPE) inside the Pacific Gas and Electric Co. (PG&E) Diablo Canyon nuclear power plant in Avila Beach, California, US, on Tuesday, Aug. 5, 2025. The Nuclear Regulatory Commission granted PG&E permission to run the California facility under its current license while it reviews the application to extend the life of the state's last nuclear power plant. Photographer: David Paul Morris/Bloomberg
Fossil fuel subsidies are projected to reach $1.1 trillion in 2026 as governments spend more to shield consumers from high energy prices triggered by the war in Iran.
The US Treasury Department in Washington, DC, US, on Friday, April 17, 2026. The Federal Reserve said Monday it will buy about $25 billion of Treasury bills each month, a greater wind down than anticipated of a program that was meant to ease short-term funding costs by rebuilding reserves in the financial system. Photographer: Alex Wroblewski/Bloomberg
Fossil fuel subsidies are projected to reach $1.1 trillion in 2026 as governments spend more to shield consumers from high energy prices triggered by the war in Iran.
The US Treasury Department in Washington, DC, US, on Friday, April 17, 2026. The Federal Reserve said Monday it will buy about $25 billion of Treasury bills each month, a greater wind down than anticipated of a program that was meant to ease short-term funding costs by rebuilding reserves in the financial system. Photographer: Alex Wroblewski/Bloomberg
US natural gas futures settled much lower in the final day of trading for the July contract as midday forecasts shifted to show cooler weather compared with overnight outlooks. Individual transactions moved the market more amid a drop-off in liquidity near expiry.
The Phillips 66 Lake Charles Manufacturing Complex in Westlake, Louisiana.
Overnight weather models point to a warmer-than-expected end of June and beginning of July, boosting cooling demand, according to the Commodity Weather Group LLC.
New York City is forecast to reach 95F next Thursday. Photographer: John Taggart/Bloomberg
US oil shale executives say the White House’s erratic communications about the war in Iran are sowing confusion in energy markets and making planning for future months near impossible.
Rig hands thread together drilling pipe at a hydraulic fracturing site atop the Marcellus shale rock formation in Washington Township, Pennsylvania.
US oil shale executives say the White House’s erratic communications about the war in Iran are sowing confusion in energy markets and making planning for future months near impossible.
Rig hands thread together drilling pipe at a hydraulic fracturing site atop the Marcellus shale rock formation in Washington Township, Pennsylvania.
US natural gas futures declined as forecasts shifted to show cooler weather in the coming weeks, suggesting a decline in demand for gas-fired electricity as consumers pull back on using air-conditioners. Kinder Morgan’s Gulf Coast Express pipeline expansion project also entered service, indicating more gas will be moving out of the oversupplied Permian Basin into surrounding regions instead of being flared.
Demand for ocean divers who specialize in barnacle scraping is soaring as ships stranded in the Persian Gulf for more than three months prepare to disembark.
Ships are anchored near the shoreline of Bandar Abbas, Iran, in April.
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