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Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil tra...
EU Locks In Plan To Triple Energy Storage Capacity By 2030
Europe desperately needs an energy storage revolution. As the region gets rocked by the third energy...
S&P closes at record high as soft jobs report eases rate-hike concerns
STORY: U.S. stocks rallied on Friday, with the Dow gaining more than a quarter of a percent, the S&P...
ADNOC Buys 11 Supertankers for $1.3 Billion to Expand Export Fleet
ADNOC has bought 11 very large crude and gas carriers for $1.3 billion as the national oil company of Abu Dhabi continues to expand its fleet of supertankers to boost crude and LNG exports. ADNOC’s un ...
Ukraine Faces a Growing Air Defense Crisis as Patriot Supplies Dwindle
Ukraine's failure to intercept a single Russian missile during a large-scale overnight attack this week has raised fresh concerns over Kyiv's dwindling supply of air-defense interceptors as Moscow esc ...
Saudi Arabia, Pakistan and Turkey to Sign Defense Deal
Saudi Arabia, Pakistan, and Turkey are expected to sign on Friday a joint defense cooperation agreement amid the Middle East’s turmoil triggered by the war in Iran, Reuters reports, citing sources fam ...
India Remains Dependent on Imports for 90% of Oil Demand
Despite a decline in dependence on primary energy imports, India remains highly dependent, at a massive 90%, on crude oil imports for its consumption, a new industry report has shown. India’s dependen ...
Oil Prices Tumble as Traders Price In a Strait of Hormuz Breakthrough
September WTI crude oil futures are trading at $78.08 early Friday, down $8.72, or 10.05%, for the week. The market opened at $80.10, traded as high as $82.33, and fell to $74.24. With Friday’s sessio ...
Iran Is Playing for Time as Midterms Loom for Trump
Iran and Oman appear close to an agreement on reopening the Strait of Hormuz, but the remaining issues are substantial. Tehran would control inbound traffic while Oman would oversee outbound shipping, ...
Gaza Ceasefire Unravels as Regional Pressure on Israel Grows
Politics, Geopolitics & Conflict Eight Arab and Muslim countries have accused Israel of violating the Gaza ceasefire as Israeli strikes continue more than nine months after the U.S.-mediated “truce” t ...
India's Crude Oil Output Falls for Third Straight Year
India’s crude oil production fell for the third consecutive financial year in 2025/2026, the government said as it launches a push to boost offshore oil and gas exploration. India’s crude output fell ...
Shipping Through Hormuz Drops Sharply as Tensions Rise
Vessel traffic through the Strait of Hormuz has declined this week from the prior week amid uncertainty about the U.S.-Iran talks and the potential reopening of the Middle East’s key oil and LNG choke ...
China’s Crude Imports Bounce Back After Historic June Slump
China’s crude oil imports reversed an earlier decline, rising by 22% from June to an average daily of 8.45 million barrels, or a total of 35.73 million tons, Bloomberg reported today, citing customs d ...
Russia Turns to South Korea for Fuel as Refinery Crisis Deepens
Russia last month imported some 30,000 metric tons of fuels from South Korea to tackle supply constraints caused by continued Ukrainian drone attacks on refineries. According to a Reuters report citin ...
Oil Prices Jump as Houthi Attacks Raise Saudi Supply Risks
The Yemeni Houthis have struck Saudi Arabia’s southern province of Najran in the latest flare-up of Middle Eastern hostilities, killing 11 civilians, Reuters has reported, citing a spokesman for the m ...