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Middle East War updates: New attack launched on Saudi airport
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, ...
Oil chiefs pull out of Riyadh energy congress after airport missile strike
BP and others skip World Petroleum Council meeting after 12 killed in attack blamed on Houthis...
Aramco's Record Profits Hide a Growing Cash Flow Crisis
While most media are focusing on the financial windfall due to the geopolitical turmoil (Iran war), Saudi Aramco's second-quarter 2026 results hide risks facing the Kingdom. The world’s largest oil pr ...
Hormuz Draft Agreement Reportedly Awaits Khamenei Approval
Oil markets are awaiting a decision from Iran’s supreme leader after Iranian and Omani negotiators reportedly completed a draft agreement that could reopen the Strait of Hormuz, the main export route ...
India Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve Plan
Just a day after details emerged of India’s plans to expand strategic crude oil storage, new reports claim New Delhi is considering a new funding mechanism that would shift part of the cost of a far l ...
Hormuz Bottleneck Pushes Indian Refiners Toward West African Grades
Several Indian refiners have recently bought crude from Oman and West Africa via tenders, trade sources told Reuters on Wednesday, as term supplies from the Middle East remain choked by the shipping c ...
Iraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years
An old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be up and running within three years, a senior Syrian official has said. The Hormuz crisis that cut off most of Iraq’s crude ...
Oil Price Rally Boosts Glencore’s First-Half Profit
Commodity producing and trading giant Glencore booked a $4.4-billion net income for the first half of the year, a jump of $5 billion from a loss a year earlier, as the oil and copper price rallies and ...
U.S. Moves to Keep Tungsten Scrap and Battery Metals at Home
The Bureau of Industry and Security at the U.S. Department of Commerce is moving to restrict for one year the exports of black mass and tungsten waste and scrap without a license to ensure domestic su ...
China’s Power Demand Hits Records as Heatwave Grips Key Regions
Electricity demand in much of China hit a record this week due to scorching summer temperatures, driving grid loads to all-time highs, the State Grid Corporation of China said today, as cited by Reute ...
Middle East War Triggers New Global Refining Boom
For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefitting the world’s biggest oil companies and top refiners. The ...
U.S. Hits New Obstacle on Critical Mineral Security Course
The race for critical metals and minerals has been heating up since President Trump took office, pitting the U.S. against many of its international allies. Yet while the federal government spends bill ...
Fishlike Nanorobots Could Become America’s Answer to China’s Lithium Grip
Lithium has become a hot-button geopolitical issue as the critical mineral has become omnipresent and all-important in the tech and energy sectors. Chances are very good that you have more than one de ...
New Agreements Advance Central Asia’s Middle Corridor Ambitions
The leaders of the five Central Asian states and Azerbaijan, meeting on the shores of Lake Issyk Kul in Kyrgyzstan on July 31, signaled an intent to deepen trans-Caspian connections. The meeting’s fin ...