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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...
Nato should prepare for deadly Russian ‘hybrid’ attack, says Poland
Foreign minister Radosław Sikorski says risk of casualties is rising as Moscow escalates sabotage ca...
The Iran War Has Turned VLCCs Into $650,000-a-Day Assets
More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000 per day on Thursday, according to Balti ...
U.S. Oil Rig Count Falls by 5 as Gas Rigs Rise
The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US ...
Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure
Natural gas prices in Asia and Europe jumped on Friday as the market digested reports that Qatar has extended the force majeure on its LNG deliveries into November amid still blocked transits through ...
Oil Shrugs Off Trump’s ‘Toughest Sanctions in History’
Oil holds near $90 despite sweeping Iran sanctions as uncertainty over Hormuz transits keeps markets on edge. Friday, August 28, 2026 The US announcement of ‘toughest sanctions in history’ against Ira ...
Ukraine Drones Spark Fire at Russian Refinery as Fuel Crisis Worsens
Ukraine’s forces struck the Slavneft-YANOS oil refinery in Yaroslavl, Russia, early on Friday, with drones causing a fire at the facility, the Ukrainian General Staff said, as Ukraine continues to pou ...
Qatar Extends Force Majeure as Hormuz Crisis Still Blocks LNG Traffic
Qatar’s state-owned QatarEnergy has extended by several weeks its force majeure on LNG deliveries to customers as the LNG flows at the Strait of Hormuz remained blocked despite increased oil flows. Qa ...
Trump Dismisses NATO Attack Fears After CIA Chief’s Moscow Trip
US President Donald Trump told reporters that he does not believe Moscow will attack a NATO nation amid rising concerns that Russian President Vladimir Putin will strike a Baltic country or other memb ...
Amazon Nears 1 GW of Wind Power in Sweden With Four New Deals
Amazon has expanded Germany’s largest-ever power purchase agreement (PPA), signed in June, and announced another four deals to buy power from four wind farms in Sweden as the e-commerce giant and othe ...
Oil Selloff Outruns Reality in Hormuz
WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at $86.57, then broke to $79.62 as traders sold on reports that I ...
Hormuz Shipping Remains Subdued Despite Apparent Reopening
Politics, Geopolitics & Conflict Hormuz is “open”, but nowhere close to functioning normally. The U.S. has cleared mines from the internationally recognized shipping lanes and can technically get vess ...
The Iran War Has Handed Russia a Strategic Opening in Europe
The war with Iran has handed Russia a strategic advantage in Ukraine. Washington is burning through the weapons Europe needs to deter Russia, moving military capacity into the Gulf and simultaneously ...
Pakistan’s Five Refineries Set for $6 Billion Upgrade Push
Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment in the country’s refining sector. Represe ...