STANLEY REED

Some oil tanker traffic continues to go through the Suez Canal, while plentiful global reserves keep crude prices steady.

Many energy and shipping firms have begun rerouting tankers, adding delays and extra costs to journeys that would put upward pressure on oil prices.

Global energy prices jumped as tensions escalated around the vital shipping route, where drone and missile assaults have prompted some companies to halt sending cargos.

At the United Nations climate conference, the final statement included elements that pleased oil and gas producers.

Oil prices fell after OPEC Plus’s year-end gathering failed to produce substantial cuts in output. But the group said Brazil, an oil giant, was expected...

Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.

Denmark’s Orsted said it would be forced to write off as much as $5.5 billion as wind developers in the U.S. face wrenching financing costs.

The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels.

Europe has largely disconnected from Russian gas supplies but remains heavily dependent on imported fuel, exposing it to unexpected disruptions.

Residents of East Anglia fear that planned power lines for offshore wind projects will blight their rural idyll.