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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 ...
Only 7% of Global Green Hydrogen Capacity Was Finished on Schedule
Green hydrogen research and development has found itself in limbo, once again. Enthusiasm for the resource’s potential as a clean energy solution in hard-to-abate sectors like steelmaking, shipping, a ...
A 4-Million-Bpd Shadow Oil Highway Is Running Through Hormuz
U.S. Treasury Secretary Scott Bessent has predicted that the Strait of Hormuz will become “irrelevant” within two years, and with Gulf oil producers already building their way around it, millions of b ...
Aramco Puts VLCCs Back Into Hormuz After Three-Week Pause
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it. Saudi Aramco resumed crude loadings from its Ras Tanura and Juaymah term ...
Russia Pushes Ahead With Uzbekistan Nuclear Plans Despite Money Troubles
Despite apparent financing difficulties hovering over the construction of nuclear reactors in Uzbekistan, the Russian nuclear agency Rosatom has announced it is developing a training program for Uzbek ...
U.S. Diesel Reserves Sit Near 23-Year Lows
Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downs ...
China’s Solar Exports Fell 21.4% in July
Chinese exports of solar cells and panels dropped in July as the removal of the local export tax rebate as of April 1 continued to depress exports for the third straight month. China’s solar equipment ...
Russia Bars Anti-War Opposition Party From Election
Russia's Supreme Court has rejected an appeal by the Yabloko party, the sole officially registered party to openly oppose Moscow's war on Ukraine, against its removal from the ballot for September par ...
How Gulf Oil Is Escaping the Strait of Hormuz
Gulf oil producers are finding new ways around the Strait of Hormuz, but bypassing the world’s biggest oil chokepoint creates new risks. VLCC Rates Go Ballistic as Hormuz Turns Into a Freight Jackpot ...
Jeff Currie: Forget $91 Brent, The Real Crisis Is $170 Diesel
Brent at $90.94 looks almost civilized. Jeff Currie thinks that is exactly the problem: everyone is staring at crude while the real energy shock is already showing up in the fuels people actually buy. ...
Romania Restarts Coal Plant as Danube Drought Forces Nuclear Shutdown
Romania has this week restarted a 300-megawatt coal-fired power plant to partially offset the generation lost by the closure of nuclear electricity output after the low water level on the Danube river ...
The Case for Britain Backing Its North Sea Oil and Gas Industry
Britain faces a simple choice. While we still need oil and gas, do we produce more of it here, supporting jobs, investment, energy security and lower production emissions, or do we import more from ov ...
Gulf-to-China Supertanker Rates Hit $510,000 a Day
The daily rate for chartering a supertanker to pick up crude oil from within the Persian Gulf and deliver it to China has surged this week to the highest level in two months as exporters seek vessels ...