Crude spikes above $100 as oil tankers burn in Gulf

Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed in a statement on Sunday that its forces destroyed US HIMARS rocket systems in a drone attack on Kuwait as the US and Iran continue to trade strikes. The US used HIMARS rocket systems stationed in Gulf Arab countries for strikes on Iran throughout the US-Israeli bombing campaign […]

Oklo, NVIDIA, And Los Alamos Working On Plutonium-Powered AI  Oklo announced an agreement with NVIDIA and Los Alamos National Laboratory (LANL) to advance critical nuclear infrastructure, AI-enabled research, and nuclear fuel R&D at Los Alamos.  The partnership aligns Oklo’s advanced reactor platform, NVIDIA’s AI infrastructure, and LANL’s deep expertise in materials science and nuclear fuels. Together, the trio aims to accelerate deployment of resilient, high-assurance energy while supporting the federal government’s Genesis Mission. Initial projects focus on physics- and chemistry-based AI models for fuel validation, materials science and fabrication R&D on plutonium-bearing...

Venezuela Oil Exports Hit 7-Year High Authored by Tsvetana Paraskova via OilPrice.com, Venezuela’s oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise. Venezuela exported an estimated 1.25 million barrels per day (bpd) of oil in May, up by 0.7% compared to April’s 1.23 million bpd exports and a massive 61% jump compared to May 2025, according to ship-tracking and vessel-loading data reviewed by Reuters. Venezuela has been steadily increasing its oil exports since the U.S. took control over...