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Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
May 6 2026 // Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated...
Trump Administration Seeks to Stop Minnesota Lawsuit Against Oil Companies
May 6 2026 // President Donald Trump’s administration moved Monday to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate...
Oil Tanker Pricing Feud Embroils Centuries-Old London Market
May 5 2026 // A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London...
Iran War Is ‘Supercharging’ Clean Energy Transition, UN Climate Chief Says
May 1 2026 // The Iran war is “supercharging” the world’s shift to renewable energy, as countries scramble to reduce their exposure to volatile oil and gas markets, the U.N. climate secretary said on Thursday. The...
Iran Threatens Painful Response if US Resumes Attacks, Oil Prices Seesaw
Apr 30 2026 // Iran said on Thursday it would respond with “long and painful strikes” on U.S. positions if Washington renewed attacks and restated its claim to the Strait of Hormuz, complicating U.S. plans for a coalition to...
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes
Apr 29 2026 // Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that...
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