Vanguard Energy Index Fund ETF Shares News - May 2026
Enverus forecasts global gas deficit, following major Qatari LNG outage
Enverus Intelligence Research reports that a lasting outage at a Qatari LNG facility has shifted the global market into a structural supply deficit. Damage to...
NextEra Energy acquires Dominion for $67 billion, fueling AI data center growth
NextEra Energy will acquire Dominion Energy in an all-stock transaction valued at $67 billion. This merger creates a utility giant with a generation capacity...
UAE exits OPEC to boost production, ending era of rigid quotas
The United Arab Emirates (UAE) officially withdrew from the Organization of the Petroleum Exporting Countries (OPEC) on May 1, 2026. This departure allows the...
Exxon faces FTC order reopening on Pioneer deal, signaling tougher oversight
The Federal Trade Commission (FTC) reopened and set aside the final consent order regarding Exxon Mobil’s $64.5 billion acquisition of Pioneer Natural...
NextEra and Dominion Merge to Create World’s Largest Electric Utility
NextEra Energy and Dominion Energy have signed a definitive agreement to merge in an all-stock transaction. The deal creates the world's largest regulated...
Oil Prices Spike Past $111, Following Drone Attacks on UAE and Saudi
Global oil prices surged on Monday, May 18, following weekend drone attacks in the UAE and Saudi Arabia. One strike caused a fire at a generator outside the...
UAE speeds Fujairah pipeline to bypass Hormuz, following Barakah plant strikes
The United Arab Emirates accelerated plans for a second major crude oil pipeline to Fujairah on May 18, 2026. This project creates a reliable alternative to...
Oil Surges Past $111, Following UAE Nuclear Site Drone Strike
Crude oil prices climbed sharply on Monday following a weekend drone strike near a UAE nuclear facility. The attack fueled concerns regarding global supply...
NextEra Energy merges with Dominion, creating world's largest utility
NextEra Energy and Dominion Energy signed a definitive agreement to merge in an all-stock transaction. The deal creates the world’s largest regulated electric...
UAE Condemns Barakah Nuclear Plant Attack as Oil Surges Past $110
The United Arab Emirates formally condemned a drone strike on the Barakah nuclear power plant perimeter on Monday, May 18. Officials labeled the incident an...
Brent Hits $111, as Strait of Hormuz Closure Drains Global Reserves
Brent crude oil reached $111 per barrel on Monday. WTI crude surpassed $107 during the same session. The continued closure of the Strait of Hormuz drove the...
UAE Quits OPEC, Seeking Full Control Over Oil Production
UAE Energy Minister Suhail Al Mazrouei confirmed the nation’s withdrawal from OPEC and OPEC+ as a sovereign strategic choice. He stated the decision followed a...
WTI Crude hits $104, as Hormuz closure sparks global supply crisis
WTI crude oil futures rose over 3% on May 15. Prices exceeded $104 per barrel as the Strait of Hormuz remained effectively closed. A high-stakes summit between...
WTI Crude Surges Above $104, Driven by Strait of Hormuz Closure
WTI crude oil futures rose over 3% on May 15. Prices exceeded $104 per barrel as the commodity headed for a significant weekly gain. The Strait of Hormuz...
Caturus Greenlights $13 Billion Louisiana LNG Project After Securing Major Financing
Caturus LLC reached a positive Final Investment Decision (FID) for its Commonwealth LNG export facility in Cameron Parish, Louisiana. The company secured $9.75...
ADNOC to double oil bypass capacity, securing exports against Hormuz risks
The United Arab Emirates will double its crude oil export capacity that bypasses the Strait of Hormuz. State-owned Abu Dhabi National Oil Co. (ADNOC) is...
Trump and Xi Vow to Keep Hormuz Open, Boosting Oil Prices
U.S. President Donald Trump and Chinese President Xi Jinping concluded a two-day summit in Beijing by declaring the Strait of Hormuz must remain open. This...
Brent crude crashes 15%, US-China deal reopens Strait of Hormuz
The Strait of Hormuz officially reopened to maritime traffic on May 15 following a landmark agreement between the U.S. and China. Officials announced the deal...
Trump and Xi Vow to Open Strait of Hormuz, Cooling Oil Prices
President Donald Trump and President Xi Jinping agreed to keep the Strait of Hormuz open during a Beijing summit. A White House readout confirmed both leaders...
Iran Eases Hormuz Blockade, Sinking Oil Prices After Trump-Xi Summit
Iranian state media reported on May 14 that approximately 30 vessels were permitted to transit the Strait of Hormuz. This group included several Chinese...
IEA warns of unprecedented supply shock, citing Strait of Hormuz closure
The International Energy Agency (IEA) warns of an unprecedented supply shock in its May Oil Market Report. The ongoing closure of the Strait of Hormuz is...
China Seeks Increased US Oil Imports, Bypassing Blocked Hormuz Strait
President Xi Jinping signaled interest in increasing U.S. oil purchases during a Beijing summit with President Trump, according to a White House official. This...
IEA warns of record oil shortage, citing Strait of Hormuz shutdown
The International Energy Agency (IEA) warns global oil inventories are depleting at a record pace. The ongoing Middle East conflict and the Strait of Hormuz...
IEA warns of oil supply shock, citing Strait of Hormuz blockage
The International Energy Agency (IEA) released its monthly report on May 14, 2026. A blockage of the Strait of Hormuz is causing an unprecedented supply shock....
IEA forecasts 2026 oil demand slump, as Hormuz closure chokes supply
The IEA’s May Oil Market Report describes the current energy crisis as an unprecedented supply shock. Conflict and the Strait of Hormuz closure caused a supply...
IEA Warns of 2026 Oil Supply Shock, Citing Middle East Conflict
The International Energy Agency (IEA) May Oil Market Report projects a severe global oil supply gap by 2026. Geopolitical conflicts in the Middle East have...
IEA Warns of Unprecedented Supply Shock, as Hormuz Closure Cuts 14M BPD
The International Energy Agency (IEA) released its May Oil Market Report detailing a global energy crisis. Restrictions in the Strait of Hormuz have shut in...
EIA launches energy security data, as Hormuz closure pushes oil to $107
The U.S. Energy Information Administration (EIA) released a new quarterly energy security dataset today. This initiative increases transparency during severe...
EIA launches energy security data, as Hormuz closure pushes oil to $107
The U.S. Energy Information Administration (EIA) released a new quarterly energy security dataset today to increase transparency. This tool tracks global...
OPEC holds 2026 oil demand forecast, despite historic supply crunch
OPEC maintained its 2026 global oil demand growth forecast at 1.38 million barrels per day (bpd). Total global consumption is projected to reach 106.53...
Brent Crude Surges Past $107, as U.S.-Iran Peace Talks Stall
Oil prices rose for a third consecutive session, with Brent crude futures settling above $107 per barrel. President Trump rejected Iran's latest peace proposal...
Kuwait accuses Iran of hostile infiltration, sending oil above $105
Kuwait formally accused Iran of a hostile act today following an armed infiltration by the Islamic Revolutionary Guard Corps (IRGC). The Interior Ministry...
Brent Crude Surges Past $107, Trump Rejects Iran Peace Deal
Brent crude futures rose over 3.2% on Tuesday. Prices reached $107.55 a barrel after President Trump rejected Iran’s latest peace proposal. The dismissal...
Brent Crude Nears $105, as Trump Rejects Iran Peace Proposal
Oil prices rose on Tuesday as Brent crude futures climbed toward $105 per barrel. The ceasefire between the United States and Iran appeared near...
Trump Rejects Iran Peace Deal, Sending Oil Above $104
Global oil prices surged on May 11. President Donald Trump rejected Iran’s latest proposal to end a 10-week conflict. The diplomatic impasse prevents the...
Oil Prices Jump 4% Past $105, US Rejects Iran Peace Proposal
Oil prices jumped more than 4% on Monday. The United States rejected Iran’s response to a peace proposal, reducing hopes for a near-term resolution. Brent...
Saudi Aramco Profit Jumps 26%, Bypassing Hormuz Blockade via Pipeline
Saudi Aramco reported a 26% year-on-year increase in first-quarter net profit. The world's largest oil producer earned $33.6 billion during the period. These...
U.S. and Iran clash in Strait of Hormuz, spiking oil prices
U.S. Central Command conducted self-defense strikes against Iranian targets in the Strait of Hormuz. Iranian missiles and drones targeted three American...
Oil prices jump toward $100, following U.S.-Iran clashes in Strait of Hormuz
Oil prices jumped on May 8 following a direct exchange of fire between U.S. and Iranian forces in the Strait of Hormuz. West Texas Intermediate (WTI) crude...
WTI Crude jumps to $97, as Iran port explosions dash peace hopes
U.S. crude oil futures surged approximately 2.5% on May 8. West Texas Intermediate (WTI) settled at $97.18 per barrel. The price increase represented a $2.37...
Oil Rebounds Past $100, as US-Iran Peace Hopes Fade
Crude oil prices rebounded on May 7. This movement reversed a sharp decline recorded on May 6. Optimism for an imminent peace deal between the U.S. and Iran...
Oil Prices Plunge Toward $96, Spurred by U.S.-Iran Peace Progress
Brent crude futures dropped toward $96 per barrel on Thursday. This price level represents a two-week low for the commodity. The movement extends a nearly 8%...
Oil Prices Sink Below $100, U.S. and Iran Reach Hormuz Deal
WTI and Brent crude oil futures fell sharply on May 7. Prices broke below the $100 per barrel threshold for the first time in weeks. Saudi media reports...
Brent Crude Sinks 7%, as U.S.-Iran Deal Hopes Reopen Hormuz Strait
Global oil prices plummeted on May 6, 2026. Brent crude fell 7.3% to trade at $101.90 a barrel. Prices dropped from a weekly high of over $115. Optimism for a...
Oil Prices Plunge 10%, as U.S.-Iran De-escalation Eases Supply Fears
Reports of a U.S.-Iran memorandum to pause hostilities triggered a sharp oil market sell-off. President Trump paused the Project Freedom naval mission aimed at...
Brent crude plunges below $100, following US-Iran de-escalation reports
Brent crude fell nearly 10% on May 6, 2026. The international benchmark traded below $100 a barrel for the first time in two weeks. West Texas Intermediate...
Brent Crude Plunges 12%, China Calls for US-Iran Ceasefire
Brent crude fell $12.66 to settle at $97.21 a barrel. The price drop followed China's call for a comprehensive ceasefire in the U.S.-Iran conflict. This...
UAE Quits OPEC to Boost Production, Signaling Rift With Saudi Arabia
The United Arab Emirates officially withdrew from OPEC on May 6, 2026. This landmark departure reshapes global oil market dynamics. The UAE cited a need for...
Oil prices tumble as U.S. pauses Hormuz escorts, citing Iran peace progress
Global oil prices fell sharply on May 6. Brent crude dropped toward $108 a barrel. WTI crude hovered near $100 a barrel. This marks the second consecutive...
Chevron Warns of Physical Oil Shortages, Citing Middle East Supply Risks
Chevron CEO Mike Wirth warned Tuesday that physical crude oil shortages are beginning to emerge. These supply constraints could impact Asian economies before...
Chevron Warns of Physical Oil Shortages, Citing Strait of Hormuz Closure
Chevron CEO Mike Wirth warned on May 5 that the global oil market faces imminent physical supply shortages. The ongoing closure of the Strait of Hormuz drives...
Chevron targets massive Iraqi oilfields, replacing Russian firms to expand reserves
Chevron is negotiating to acquire production stakes in the West Qurna 2 and Nasiriyah oilfields in Iraq. The US supermajor intends to replace Russian...
ADNOC Tanker Targeted by Iranian Drones, Disrupting Global Oil Trade
The UAE government announced Monday that two Iranian drones targeted an Abu Dhabi National Oil Company (ADNOC) tanker. The attack occurred while the vessel...
CENTCOM launches Project Freedom in Strait of Hormuz, lowering oil prices
U.S. Central Command (CENTCOM) launched Project Freedom to ensure freedom of navigation through the Strait of Hormuz. The mission involves destroyers,...
UAE Quits OPEC, Boosting Output to 5 Million Barrels Daily
The United Arab Emirates officially exited OPEC on May 2, with the departure taking effect May 1, 2026. This move allows the nation to maximize oil asset value...
UAE Exits OPEC After 60 Years, Citing Saudi Production Conflict
The United Arab Emirates officially withdrew from OPEC on Friday. This move ends the nation's nearly 60-year membership in the oil cartel. The departure marks...
UAE Exits OPEC, Ending 60-Year Alliance to Boost National Production
The United Arab Emirates officially withdrew from OPEC and the OPEC+ alliance on May 1, 2026. This move ended a membership spanning nearly six decades...
UAE exits OPEC May 1, challenging Saudi control over global oil prices
OPEC ministers are meeting in Vienna today following the United Arab Emirates' announcement to leave the cartel and OPEC+ alliance on May 1. The UAE is...