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Two More Oil Tankers Attacked Near Strait of Hormuz
Two more tankers were attacked near the Strait of Hormuz on Sunday, one in Hormuz and the other off ...
Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia
BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1. President Donald Trump’s plan t...
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising ...
U.S. Crude Inventories Post Another Major Draw
Crude oil inventories in the United States decreased by 6.1 million barrels during the week ending June 19, according to new data from the U.S. Energy Information Administration (EIA) released on Wedn ...
UK Climate Panel Urges Faster Electrification to Lower Energy Bills
UK’s slower-than-expected electrification exposes households to fossil fuel price shocks, the country’s Climate Change Committee (CCC) said on Wednesday, urging faster electrification and removal of p ...
Rubio Heads to Gulf as Iran Deal Sparks Anxiety Among U.S. Allies
US Secretary of State Marco Rubio arrived in Abu Dhabi on June 23, opening a high-stakes Gulf tour aimed at reassuring Washington’s closest Arab allies after a fragile cease-fire framework between the ...
Euro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut Bets
The euro has sunk to a one-year low, with easing of tensions between the United States and Iran helping to cool oil prices and raise expectations that the European Central Bank will turn more dovish. ...
VLCC Earnings Near $470,000 a Day as Hormuz Hopes Drive Tanker Frenzy
Oil tanker rates have soared since the U.S. and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the hope these can transi ...
Adani Targets 10 GW Nuclear Power Capacity in India by 2035
Adani Group, the conglomerate of Indian billionaire Gautam Adani, could become India’s biggest private nuclear power capacity developer within a decade, targeting 10 gigawatts (GW) by 2035, as India o ...
China’s Teapot Refineries Cut Operations to Their Lowest Level Since 2017
The independent refiners in China, the so-called teapots, have slashed their refinery run rates to the lowest level since 2017, as high feedstock prices, weak domestic fuel consumption, and restricted ...
India Cuts Coal Imports as Power Plants Turn to Domestic Fuel
India is boosting the share of domestic coal used in power plants designated to run on imported fuel, as rising local coal production and expanding renewables have helped to cut coal imports to multi- ...
Qatar Says LNG Exports Could Return to Normal Within Weeks
Qatar will be back to normal production of liquefied natural gas in a few weeks, the country’s prime minister, Sheikh Mohammed bin Abdulrahman al-Thani, told the Financial Times today. “Within a few w ...
Malaysian Major Makes Gas Discovery in Suriname
Malaysia’s state energy firm Petronas has made a natural gas discovery offshore Suriname, the country’s president said this week, as quoted by Reuters, expecting the Malaysian major to make the final ...
Trump Orders Gas Price Gouging Probe
President Trump has ordered an investigation into possible price gouging at fuel stations, an investigation he announced in a social media post. “The big Oil Companies are not dropping their price at ...
The Trillion-Dollar AI Shockwave Nobody Is Ready For
The biggest investment opportunity of the AI era has very little to do with software or chips. The market has already priced both. The real story is power: who owns it, where it sits and how cheaply i ...