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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...
Oil Prices Set for Weekly Gain as Hormuz Tensions Escalate
Crude oil prices were on course for a weekly gain today as hostilities between the United States and Iran flared up again earlier in the week. At the time of writing, Brent crude was trading at $76.60 ...
The Strait Of Malacca Faces Growing Fears Of Copycat Shipping Fees
Oil prices spiked again on Wednesday after U.S. President Donald Trump declared that the ceasefire deal with Iran is over and vowed to strike Iran again, effectively ending the tentative peace deal ba ...
Washington Draws a Line for Iraq’s New Leader
Iraq’s new prime minister, Ali Al-Zaidi, will meet U.S. President Donald Trump in Washington, D.C. on 14 July - shortly after America’s Independence Day on July 4th. Trump will no doubt highlight Amer ...
Iran War May Ignite Middle East Market Share Race, But Not Yet
When the UAE said it was leaving OPEC so it could boost production as much as it wanted, it sparked speculation, yet again, that OPEC was falling apart. The peace deal between the United States and Ir ...
NATO Projects Unity as Leaders Rally Behind Ukraine
It is fair to say that the final day of the NATO summit in Ankara on July 8 got off to a tense start. Overnight, the United States had resumed strikes on Iran after an uneasy cease-fire. The entire co ...
Indonesia Receives First Russian Crude Shipment Under April Supply Deal
Indonesia has recently welcomed the first cargo of Russian crude oil under a deal Southeast Asia’s biggest economy struck with Moscow in April. About 770,000 barrels of Russian crude oil was delivered ...
High Oil Prices Are Fueling a New Heavy Crude Rush in Canada
Who says price isn't a rationing mechanism? Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heav ...
Pakistan Rushes to Buy Emergency LNG After Qatar Cargo Is Canceled
Pakistan is forced to turn to the spot LNG market once again after the re-escalation in the Strait of Hormuz has canceled a cargo from Qatar. State-controlled Pakistan LNG has just issued a tender to ...
Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal
Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the ceasefire would hold and oil flows throug ...
Dangote’s Next Move Could Create the World’s Largest Refinery
Dangote’s 700,000 b/d Lekki refinery has been running at full capacity over the past two months, pushing product exports to Europe to record levels and overtaking traditional suppliers from the Gulf a ...
IMF Downgrades Global Economic Growth Forecast To 3% Amid Iran War
The International Monetary Fund (IMF) has downgraded its 2026 global economic growth forecast to 3%, down from 3.5% posted in 2025 with the impact of the Iran war expected to negate gains made by the ...
Oil Prices Jump over 7% as Iran Ceasefire Declared ‘Over’
Oil prices surged over 7% to a two-week high on Wednesday after U.S. President Donald Trump declared that the interim ceasefire agreement with Iran is officially over and dismissed the recently signed ...