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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...
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising ...
Brent Oil Price Tops $93 as U.S.-Iran Impasse Persists
Brent Crude futures prices topped $93 per barrel early in the morning in Europe on Thursday, hitting a three-week high amid fading hopes of U.S.-Iran talks as President Trump announced an “unprecedent ...
Trump Threatens “Tremendous” Consequences for Countries Helping Iran
U.S. President Donald Trump threatened any country helping Iran in any way with “tremendous economic consequences,” as the American Administration is ratcheting up economic pressure on Iran in the hop ...
Has Iranian Crude Become Irrelevant to Global Oil Supply?
The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, Bob McNally, president of ...
Middle East Oil Crisis Sends Supertanker Prices to Record Highs
Demand for tankers from Middle Eastern oil producers has pushed prices to an all-time high, the Financial Times reported today, saying both new and second-hand very large crude carriers reached prices ...
Elevated Oil Prices Push Japan’s Imports to an All-Time High
Japan’s import bill reached an all-time high in July, driven by higher oil prices, to a total of $76.39 billion. This was up by 27.8% from July 2025, Reuters reported, citing import and export data. I ...
Chinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture
Chinese refiners are buying Iraqi crude, with recent purchases of 8 million barrels of Basrah Heavy and Basrah Medium for prompt delivery, Bloomberg has reported, citing unnamed traders. Oil has conti ...
Coal Remains The Undisputed King Of Global Power
The world is installing wind turbines and solar panels faster than ever, but coal still generates more electricity than any other source, and by a huge margin. The International Energy Agency (IEA) ex ...
Hope Fades, Traders Brace for Extended Oil, LNG Squeeze
For most of the past six months, traders active on the commodity futures markets have been mostly optimistic. They have taken every statement by President Donald Trump about peace talks or victory ove ...
Russia’s Fuel Crisis Hits Moscow as Rationing Spreads
Russia has been subject to many months of a ramped-up long-range drone campaign out of Ukraine, chiefly targeting oil refineries as well as industrial sites - and most recently expanding to online ret ...
SLB Prepares to Restart 15 Oil Rigs in Venezuela
Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacles to increasing the country’s crude production. SLB and ...
$100 Diesel Cracks Signal a Much Tighter Oil Market Than Brent Suggests
The oil market has remained complacent for months amid the worst disruption in global supply, with crude oil futures rarely topping $100 per barrel over the six months in which tanker traffic at the S ...
Copper Backwardation Collapses After 20,000 Tons Hit LME Warehouses
Trafigura Group and several other traders delivered more than 20,000 tons of copper into LME warehouses on Tuesday, the biggest one-day build in on-warrant stock since April, and the squeeze that had ...