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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...
China’s Top Refiner Seeks Transformation amid Falling Fuel Sales
The world’s biggest oil refiner, China’s state-held Sinopec, is looking to transform its business as domestic fuel sales crumble amid the electric vehicle boom. China Petroleum & Chemical Corporation, ...
Can Trump Isolate Iran Without Triggering a Clash With China?
US sanctions experts say the Trump administration's new campaign to economically isolate Iran could be an effective escalation -- but only if Washington backs its threats with action. US Treasury Secr ...
Ukraine Hits Another Russian Refinery as Fuel Crunch Worsens
Ukraine continues to pound Russian refineries in nearly daily drone attacks that damage refining infrastructure, deepen the fuel crisis in Russia, and tighten global fuel markets. In the latest attack ...
Equinor Eyes Major Oil Discovery Offshore Namibia
Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday. Equinor hopes ...
Malacca States Vow to Keep Asia’s Busiest Shipping Route Open
The three states in the Strait of Malacca, the vital shipping lane into Asia, have pledged to keep the world’s busiest maritime thoroughfare free and open to vessels amid the ongoing crisis in the Str ...
India’s Crude Import Bill Surges as Hormuz Shipping Rates Soar
India’s crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormu ...
Japan Holds Off on New Oil Reserve Release Despite September Import Drop
Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said. Oil imports next month are seen a ...
JPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publicatio ...
Iran Threatens Retaliation as U.S. Widens Sanctions
Iran threatened an aggressive response to the latest U.S. sanctions announced on Monday by Treasury Secretary Scott Bessent, with a top government official noting Tehran was “fully prepared for the U. ...
The Biggest Victims Of Trump’s Economic D-Day On Iran
Trump’s “economic D-Day” against Iran is built around one of Washington’s most powerful weapons: access to the U.S. financial system. The problem is that the deeper Washington pushes into Iran’s remai ...
Venezuela’s Oil Revival Is Slower Than the U.S. Hoped
More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves ho ...
U.S. Leaves Europe Behind in Critical Minerals Race
The United States is forging ahead with its critical minerals ambitions, investing billions in securing non-Chinese supply, while in Europe, the central EU government “hesitate, over-administrate, tal ...