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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 ...
Russia Rations Fuel in Crimea as Ukraine Targets Oil Infrastructure
Russian-installed authorities in occupied Crimea have suspended fuel sales to private individuals and businesses amid a severe fuel shortage and a weak tourist season, as Ukrainian drone strikes conti ...
Chinese Grid Operators Resist Plans to Boost Renewables to Power AI
Grid operators are concerned that the Chinese drive to hike the share of renewable electricity powering AI would raise the risks for power firms as peak demand at data centers is difficult to forecast ...
The Phantom Peace Deal: What Washington and Tehran Are Really Playing At
There is no ‘deal’ yet between the U.S. and Iran, much less one including Israel, despite reports to the contrary. U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed an initial ...
Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher
Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave in Europe is raising short-term power demand and the U.S.-Iran talks continue amid conflicting mess ...
China Builds New LNG Hub as Russian Imports Surge
China is preparing a second terminal to receive sanctioned Russian liquefied natural gas (LNG), as the country’s gas imports surge. According to an exclusive report by Reuters, the newly built Longko ...
Iran’s Oil Exports Through Hormuz Hit Wartime High
Iran isn’t wasting any time moving its oil out of the Gulf via the Strait of Hormuz after the U.S. lifted the naval blockade outside the chokepoint and the U.S. and Iran discuss a framework on a lasti ...
Kuwait Offers Gulf Oil Loadings as Producers Seek Hormuz Outlet
Kuwait is offering naphtha for loading at its ports deep into the Persian Gulf in the first such tender in months, as Middle Eastern oil producers seek to raise shipments through the Strait of Hormuz. ...
India’s Imports of Russian Oil Set for New Record High
India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Mosc ...
Explosion at Qatar’s Ras Laffan LNG Injures Dozens
More than fifty people were injured, and 18 were still unaccounted for as of early Monday following an explosion and a fire at Qatar’s key LNG site, Ras Laffan, due to a technical malfunction. Stat ...
Analysts Warn China’s Oil Demand May Never Fully Recover
China’s crude oil imports could remain permanently depressed, energy analysts have predicted, citing demand destruction resulting from the electrification of transport in the world’s largest oil impor ...
Big Business Urges Faster Electrification
A group of major international corporations has urged governments to speed up the electrification of business to reduce reliance on “volatile fuel markets”, Reuters reported today, citing a letter pen ...
Qatar Races to Restore LNG Exports Despite Ras Laffan Setback
Qatar is calling back empty LNG carriers in preparation for the restart of exports despite ongoing repairs at the Ras Laffan complex, and an explosion that rocked the facility on Sunday. Three carrier ...