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Libya Weighs Force Majeure After Drone Attacks on Zawiya Oil Hub
Libya’s National Oil Corporation may declare force majeure on exports from the Zawya oil terminal as...
RBA holds – Nvidia ensures AI-spend continues
Asia market update: Treading water amid JP holiday and ahead of US July CPI on Wed; RBA holds; Nvidi...
Iran’s Oil Exports Through Hormuz Hit Wartime High
Iran isn’t wasting any time moving its oil out of the Gulf via the Strait of Hormuz after the U.S. lifted the naval blockade outside the chokepoint and the U.S. and Iran discuss a framework on a lasti ...
Kuwait Offers Gulf Oil Loadings as Producers Seek Hormuz Outlet
Kuwait is offering naphtha for loading at its ports deep into the Persian Gulf in the first such tender in months, as Middle Eastern oil producers seek to raise shipments through the Strait of Hormuz. ...
India’s Imports of Russian Oil Set for New Record High
India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Mosc ...
Explosion at Qatar’s Ras Laffan LNG Injures Dozens
More than fifty people were injured, and 18 were still unaccounted for as of early Monday following an explosion and a fire at Qatar’s key LNG site, Ras Laffan, due to a technical malfunction. Stat ...
Analysts Warn China’s Oil Demand May Never Fully Recover
China’s crude oil imports could remain permanently depressed, energy analysts have predicted, citing demand destruction resulting from the electrification of transport in the world’s largest oil impor ...
Big Business Urges Faster Electrification
A group of major international corporations has urged governments to speed up the electrification of business to reduce reliance on “volatile fuel markets”, Reuters reported today, citing a letter pen ...
Qatar Races to Restore LNG Exports Despite Ras Laffan Setback
Qatar is calling back empty LNG carriers in preparation for the restart of exports despite ongoing repairs at the Ras Laffan complex, and an explosion that rocked the facility on Sunday. Three carrier ...
The AI Arms Race Isn’t About Technology – It’s About Electricity
Two and a half years ago, NVIDIA was a $300 billion gaming chip company. Today it's the most valuable company in history at over $4 trillion. Investors who saw what was coming and got positioned early ...
Britain’s Energy Crisis Is Driving Manufacturing Offshore
The UK risks a major wave of deindustrialization and widespread factory closures unless the government expands emergency relief measures for manufacturers battling soaring energy costs, a prominent ma ...
Equinor Expands Giant Troll Field as Europe Hunts for More Gas
Equinor and its partners are investing more than NOK 4 billion ($390 million) to expand the Troll field, a giant North Sea asset that supplies around 10% of Europe's natural gas and contains 40% of No ...
G7 Takes Aim at China’s Grip on Critical Minerals
The leaders of the G7 have created a strategic alliance on critical minerals in a coordinated effort to break China’s oversized control of the metals and minerals and rare earth elements crucial to th ...
Energy Security, Not Climate Goals, Is Now Driving the Clean Power Boom
While ships are beginning to trickle through the Strait of Hormuz after months of near-total closure, it will be a very long time before the effects of this year’s energy crisis fade from the global e ...