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Trump-Xi Talks Set to Tackle Iran Oil Lifeline, Strait of Hormuz and U.S. Energy
Donald Trump arrives in Beijing on Wednesday for his first state visit to China since 2017, heading into a two-day summit with President Xi Jinping that carries more energy-market weight than any bila ...
India Rejects Russian LNG Under Sanctions
India has officially declined Russia's offer to sell liquefied natural gas (LNG) from projects currently under U.S. sanctions, following April reports of an LPG-laden tanker en route to western India, ...
Oil Prices Jump After Trump Rejects Iran’s Peace Proposal
Oil prices rallied on Monday morning after U.S. President Donald Trump rejected Iran’s response to a U.S. peace proposal, “I don’t like it – totally unacceptable,” Trump said in a Truth Social post, q ...
Jet Fuel Shortage Deepens Pressure on Global Airlines
Fewer passengers were heading to Heathrow Airport in April as the war in the Middle East keeps travellers grounded. Passenger numbers at Europe’s biggest airport fell by five per cent in April to 6.7m ...
BP, Shell, TotalEnergies Pocket Billions in War-Driven Trading Windfall
The European oil majors with the biggest trading desks raised their trading profits by up to $4.75 billion in the first quarter from the end of last year, amid extreme market volatility driven by the ...
Europe's Renewable-Plus-Battery Market Set to Quintuple by 2030
Capacity installations of renewable energy co-located with batteries for storage are expected to surge in Europe from 6 gigawatts in 2025 to as much as 35 GW by 2030, a new report by Aurora Energy Res ...
Why Bernie Sanders Is Wrong About Gas Prices
When lawmakers propose solutions to complex economic problems, the first requirement should be a clear understanding of how those problems actually work. A recent Facebook post by Bernie Sanders compa ...
Australia's Biggest Untapped Gas Field Just Got a Lot More Expensive
The Browse LNG project in Australia, proposed by Woodside Energy, is set to cost about $35 billion, a new report commissioned by the Australian oil and gas major showed on Monday. Woodside first propo ...
Japan Receives First Central Asian Crude Since Iran War Began
Japan is set to receive this week the first crude tanker from Central Asia since the war in Iran began, the Japanese Industry Ministry said on Monday. A tanker shipping Azerbaijani crude is expected t ...
Morgan Stanley: Oil Buffers Could Run Out Before Hormuz Reopens
Most of the market buffers that have stopped oil futures prices from rallying to record highs could vanish before the reopening of the Strait of Hormuz, which puts the market in a “race against time,” ...
China CPI Jumps as Middle East Crisis Pushes Energy Costs Higher
China's consumer inflation accelerated to 1.2% in April, topping analyst estimates, as the Middle East crisis drove a surge in energy prices. The Chinese consumer price index (CPI) rose by 1.2% last m ...
Global Coal Demand Surges as Middle East Energy Crisis Deepens
Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East. The trend has been accelerating in recent wee ...