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Airlines Scramble for Jet Fuel as Hormuz Disruption Drags On
The months-long closure of the Strait of Hormuz has led to severe fuel shortages around the globe, a...
China Tightens Its Grip on Namibia's Next Energy Boom
China isn't waiting for Namibia to become an oil producer. It's getting in early. During a state visit to Beijing this week, Namibia and China signed eight cooperation agreements covering energy, crit ...
Russian Fuel Disruptions Push Central Asia Into an Energy Crisis
Ukraine's sustained attacks on Russia's oil refineries immediately plunged Central Asian countries into energy chaos, highlighting years of short-term policy decisions that have left the region withou ...
UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels
The United Arab Emirates (UAE) produced 4.1 million barrels per day (bpd) of crude oil in June, its highest output ever, according to estimates by the International Energy Agency. The UAE’s crude oil ...
ADNOC Orders $900 Million in New LNG Carriers to Expand Global Fleet
ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise ...
Nord Stream Loses Landmark Insurance Case as War Exclusion Prevails
Politics, Geopolitics & Conflict A UK High Court ruling has ended Nord Stream AG’s attempt to recover $662 million in insurance claims from the September 2022 sabotage of the Nord Stream 1 gas pipelin ...
Fuel Refining Margins Hit Record Highs as Markets Tighten
Refining margins for gasoline and diesel jumped this week to new record highs after the re-escalation in the Middle East, Russia’s ban on diesel exports, and crumbling global fuel inventories. The s ...
Oil Prices Set for Weekly Gain as Hormuz Tensions Escalate
Crude oil prices were on course for a weekly gain today as hostilities between the United States and Iran flared up again earlier in the week. At the time of writing, Brent crude was trading at $76.60 ...
The Strait Of Malacca Faces Growing Fears Of Copycat Shipping Fees
Oil prices spiked again on Wednesday after U.S. President Donald Trump declared that the ceasefire deal with Iran is over and vowed to strike Iran again, effectively ending the tentative peace deal ba ...
Washington Draws a Line for Iraq’s New Leader
Iraq’s new prime minister, Ali Al-Zaidi, will meet U.S. President Donald Trump in Washington, D.C. on 14 July - shortly after America’s Independence Day on July 4th. Trump will no doubt highlight Amer ...
Iran War May Ignite Middle East Market Share Race, But Not Yet
When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart. The peace deal between the United States and Ir ...
NATO Projects Unity as Leaders Rally Behind Ukraine
It is fair to say that the final day of the NATO summit in Ankara on July 8 got off to a tense start. Overnight, the United States had resumed strikes on Iran after an uneasy cease-fire. The entire co ...
Indonesia Receives First Russian Crude Shipment Under April Supply Deal
Indonesia has recently welcomed the first cargo of Russian crude oil under a deal Southeast Asia’s biggest economy struck with Moscow in April. About 770,000 barrels of Russian crude oil was delivered ...