Oil Market Calm Shattered by Fresh Hostilities Between US and Iran

By: Rebecca F. Elliott and Lisa Friedman

8 July 2026 at 19:45

Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.

Oil Prices Return to Prewar Levels After Four Months

NYT - Energy & Environment

By: Gregory Schmidt · Rebecca F. Elliott and Lisa Friedman

26 June 2026 at 22:23

The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.

In Europe, Tesla Sales Are Rising Despite Views on Elon Musk

NYT - Energy & Environment

By: Jack Ewing

26 June 2026 at 19:05

Price cuts and low-interest-rate loans are luring buyers, including people offended by the company’s chief executive.

A Tesla Supercharger station in Germany. Tesla’s sales have rebounded sharply in Europe alongside sales of all electric cars.

Oil Industry Lawyers Fight a $50 Billion Climate Case in Oregon

NYT - Energy & Environment

By: Karen Zraick

26 June 2026 at 18:02

The lawsuit aims to hold fossil fuel companies responsible for a heat wave in Portland five years ago. The industry says the case should be thrown out.

Richard Schechter, a lawyer for Multnomah County in Oregon, addressing the judge in court on Wednesday.

How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock

NYT - Energy & Environment

By: John Yoon and Chang W. Lee

26 June 2026 at 10:40

For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.

Interior Department Moves to Relax Rules for Drilling on Public Lands

NYT - Energy & Environment

By: Maxine Joselow

22 June 2026 at 19:33

A pair of proposals from the Trump administration would lower costs and weaken requirements for fossil fuel companies that drill on federal property.

One proposal would lower the cost of the bonds that fossil fuel companies must pay the Interior Department before they start drilling or mining on public lands.

U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf

NYT - Energy & Environment

By: Rebecca F. Elliott

22 June 2026 at 15:14

U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.

Smaller U.S. oil producers are starting to drill more wells, but big companies like Exxon Mobil and Chevron have said they are not changing their plans as a result of the war with Iran.

While the World Scrambles for Oil, China Sits on Full Tanks

NYT - Energy & Environment

By: Keith Bradsher

21 June 2026 at 10:01

The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.

An oil refinery in Nanjing, in China’s eastern Jiangsu province, last month. Chinese companies kept their refineries running throughout the war.

Average U.S. Gas Price Falls Below $4 After U.S.-Iran Agreement

NYT - Energy & Environment

By: Kailyn Rhone

18 June 2026 at 10:12

Drivers are enjoying some relief at the pump after the United States and Iran signed an agreement to reopen the Strait of Hormuz.

Gasoline prices rose sharply after the start of U.S.-led war with Iran.

U.S. Will Waive Oil Sanctions That Have Long Crimped Iran

NYT - Energy & Environment

By: Rebecca F. Elliott

17 June 2026 at 21:19

The preliminary U.S.-Iran deal temporarily waives restrictions that have limited the country’s oil sales and how much money it has been able to make from those exports.

An oil facility on Kharg Island, Iran, in 2017.

Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects

NYT - Science

By: Brad Plumer

17 June 2026 at 22:49

It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.

Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects

NYT - Energy & Environment

By: Brad Plumer

17 June 2026 at 22:49

It’s the third such deal the Interior Department has struck to pay firms to abandon plans for offshore turbines, spending roughly $2.5 billion to get companies to abandon their wind projects.