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India’s central bank tries to shore up rupee as it nears record lows
Rise in energy costs due to US-Israel war on Iran has put downward pressure on the currency of the w...
Where could stocks and bonds collide? Here’s what to watch
Investing.com -- U.S. stocks have historically held up well even as bond yields rise, but a prolonge...
US warns Kyiv that strikes on Russia jeopardise intelligence-sharing
Donald Trump’s administration delivered threat after Volodymyr Zelenskyy criticised diesel deal with...
China’s Top Refiner Seeks Transformation amid Falling Fuel Sales
The world’s biggest oil refiner, China’s state-held Sinopec, is looking to transform its business as domestic fuel sales crumble amid the electric vehicle boom. China Petroleum & Chemical Corporation, ...
Japan Holds Off on New Oil Reserve Release Despite September Import Drop
Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said. Oil imports next month are seen a ...
Venezuela’s Oil Revival Is Slower Than the U.S. Hoped
More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves ho ...
TotalEnergies Backs Two Major Oil Pipelines to Bypass Hormuz
TotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline carrying Iraqi crude thr ...
Iran-Linked Cyberattack Tests Britain’s Energy Defenses
An attack on an energy facility which was shut down for four days last month was carried out by hackers linked to the Iranian regime. The cyberattack, which is believed to be the first time Iranian-af ...
Oil Prices Slide 2% as Markets Brace for Bessent’s ‘Economic D-Day’
Oil prices fell by more than 2% in early Asian trade on Monday as traders took profits and markets awaited details of a new U.S. sanctions package against Iran. At the time of writing, WTI futures wer ...
Diesel Crisis Threatens to Outlast the Middle East War
The outlook for the Middle East war remains grim, the U.S. just threatened Iran with the “toughest sanctions in history,” and the world is running out of stored fuels. To make matters worse, refining ...
Underwater Volcanoes Are Geothermal Energy’s Next Frontier
A Seattle startup is seeking to revolutionize geothermal energy by tapping into undersea volcanoes. In September, a 100-kilowatt geothermal generator will be deployed to the seafloor off Oregon’s coas ...
China's New Five-Year Plan Preps the Nation for Peak Oil
China's energy strategy has largely shielded it from the fallout of the war in Iran and the resultant closure of the Strait of Hormuz, a vital artery for global oil and gas trade. However, the country ...
China’s Teapots Look Beyond Iranian Oil amid U.S. Blockade
China’s refiners have imported lower volumes of Iranian crude in August compared to July as the U.S. blockade reinstated in mid-July is squeezing crude supply to Iran’s top oil customer. So far thi ...
Israel Bombs Syrian Airbase to Block Turkish Military Expansion
Israel is trying to establish a veto over where Turkey can deploy forces in Syria, and on Tuesday it bombed a Syrian airbase to enforce that. Eight strikes hit Abu al-Duhur because Israel determined t ...
Iranian Oil Supply to China Is Rapidly Drying Up
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the bigge ...