Ben Geman

The state of the global diesel market is getting even more precarious as the Russia-Ukraine war and the Iran crisis squeeze supply from multiple angles.Why it matters: Diesel prices ripple through ...

The wars in Iran and Ukraine show how the drone tech revolution makes it easier — and cheaper — to interrupt energy supplies by striking refineries and oil tankers.Why it matters: It's an important...

Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices jumped above $90 per barrel Sunday in the first major trading since the deaths of three U.S. service members and escalating Middle Ea...

Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices surged about 9% Monday to roughly $83 per barrel after President Trump claimed the U.S. was reinstating a naval blockade on Iran, add...

Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil markets are taking President Trump's claim that the Iran ceasefire is "over" seriously, but not literally.Why it matters: The price jump is ...

Crude oil prices fell over 4% to their lowest levels in over three months Sunday after the U.S. and Iran agreed to a ceasefire extension that could lead to the reopening of the Strait of Hormuz.Why...

Oil prices have defied predictions of even bigger increases than we've seen — but the markets' shock absorbers could easily wear out later this summer unless the Strait of Hormuz opens soon, analys...

Data: U.S. Energy Information Administration; Chart: Ben Geman/AxiosWith the Iran war now over 100 days old, here's the latest rolling snapshot of how it's driving changes in energy markets.The big...

Data: AAA; Chart: Ben Geman/AxiosPain at the pump is easing, but gas is far costlier heading into the summer than last year — and what comes next is wildly unpredictable.Why it matters: High gas pr...

BP removed board chair Albert Manifold on Tuesday, citing "serious concerns" about "governance standards, oversight and conduct."Why it matters: BP has lost its CEO and now its board chair in the s...

With a U.S.-Iran deal (maybe?) taking shape in coming days, the oil market that follows will look different than what preceded the war.Why it matters: The emerging deal — which would re-open the St...

Crude oil prices dropped about $5 per barrel Sunday evening in the first major trading since the emergence of rough and tentative outlines of a deal to end the U.S.-Iran conflict.Why it matters: Th...

U.S. power giants NextEra Energy and Dominion Energy announced plans Monday to merge in the largest electricity deal — by far — since the mainstreaming of AI.Why it matters: The deal, if approved b...