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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...
Europe’s Heatwaves Are Putting Nuclear Power Under Pressure
Europe’s energy sector is facing a stress test unlike any it has ever seen before. Not only are the markets being battered by the latest in a long succession of geopolitical supply chain snags thanks ...
UK Government Takes Stake in Tungsten Mine With £71m Mine Bet
The government’s National Wealth Fund is set to pump £71m into miner Tungsten West in a bid to help reopen the Hemerdon mine in Devon. The funding package combines a £36m share purchase, which will ha ...
U.S. Crude Stocks Barely Budge as Gasoline Inventories Fall
Crude oil inventories in the United States saw an increase of 100,000 barrels during the week ending August 21, according to new data from the U.S. Energy Information Administration (EIA) released on ...
Natural Gas, Not Oil, Is Key Inflation Concern in Europe
Soaring energy prices have rekindled inflation fears in Europe since the Iran war disrupted oil and gas flows, but policy makers and bond markets appear to be more concerned about the jump in natural ...
India’s ONGC Targets Tenfold Oil Output Boost in Venezuela
India’s state-owned Oil and Natural Gas Corporation (ONGC) plans to invest about $200 million to revive production at the San Cristobal oilfield in Venezuela, which it shares with Venezuelan state oil ...
CIA Director’s Surprise Moscow Trip Raises Questions Over Iran and Ukraine
CIA Director John Ratcliffe made an unannounced visit to Moscow on August 25, US officials confirmed to RFE/RL, a rare trip that comes as Washington's efforts to end Russia's war against Ukraine have ...
UK Energy Bills to Hit Three-Year High as Gas Prices Surge
UK energy bills are set for a three-year high at the beginning of the winter, as higher gas prices due to the Iran war have prompted the energy regulator to raise the energy price cap on household cos ...
India’s Russian Oil Imports Slide From Record High as Supply Tightens
India’s crude oil imports from Russia have eased so far this month from July’s record high, as Ukrainian attacks on Russian export infrastructure and competition from China for Russia’s barrels have d ...
Hormuz Traffic Remains Depressed as Iran and Oman Weigh Temporary Corridor
Vessel traffic at the Strait of Hormuz remains well below recent averages as Iran and Oman discuss a temporary shipping corridor in the key chokepoint that could lead to a kind of ‘interim’ reopening. ...
Japan to Unveil New Oil Diversification Strategy
Japan is today set to announce an energy import diversification plan that will include stipulations about support for pipelines in the Middle East aimed at diverting export oil flows away from the Str ...
Iran’s Tanker Blacklist Raises New Risks for Gulf Oil
Three Indian refining companies and “a global energy major” will stop using tankers included in a black list that Iran issued earlier on Sunday in response to U.S. sanctions, Reuters has reported, cit ...
Oil Prices Fall as Iran-Oman Talks Fuel Hopes of Strait Reopening
Crude oil prices dipped earlier today following news reports about Iran and Oman renewing their talks about joint management of the Strait of Hormuz, as those reports were taken to mean the waterway c ...