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Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass ...
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discu...
IMF Warns Middle East War Could Derail Global Economic Growth
The energy crisis sparked by the war in the Middle East remains the biggest risk for the global econ...
Houthis Claim Ballistic Missile Hit on Saudi Oil Tanker in Red Sea
The Iran-aligned Houthi group in Yemen on Wednesday claimed a “precise hit” on a Saudi oil tanker in the Red Sea, Houthi military spokesperson Yahya Saree said. “The Yemeni Armed Forces conducted a mi ...
Oil Price Rally Boosts Glencore’s First-Half Profit
Commodity producing and trading giant Glencore booked a $4.4-billion net income for the first half of the year, a jump of $5 billion from a loss a year earlier, as the oil and copper price rallies and ...
U.S. Moves to Keep Tungsten Scrap and Battery Metals at Home
The Bureau of Industry and Security at the U.S. Department of Commerce is moving to restrict for one year the exports of black mass and tungsten waste and scrap without a license to ensure domestic su ...
Red Sea Attack Sinks India-Flagged Cargo Vessel Off Yemen
An India-flagged tanker reportedly carrying Saudi oil has sunk off the coast of Yemen in the Red Sea after it was hit by a projectile. The Indian Ministry of External Affairs on Tuesday condemned the ...
China’s Power Demand Hits Records as Heatwave Grips Key Regions
Electricity demand in much of China hit a record this week due to scorching summer temperatures, driving grid loads to all-time highs, the State Grid Corporation of China said today, as cited by Reute ...
China Eases Fuel Export Curbs as Global Supply Crunch Deepens
China has partially lifted fuel export restrictions imposed earlier this year, allowing refiners to export 2.7 million tons of oil derivatives to destinations excluding Hong Kong and Macau, Reuters ha ...
Hormuz Tanker Traffic Remains Subdued Despite Reports of Peace Talks
Five tankers passed through the Strait of Hormuz yesterday, with three of them entering the waterway and two exiting, Reuters reported earlier today, citing data from Kpler that shows traffic in the c ...
Middle East War Triggers New Global Refining Boom
For the second time this decade, a war has upended global oil markets and sent oil prices and refining margins to multi-year highs, benefitting the world’s biggest oil companies and top refiners. The ...
China, Turkey Relations Strained After EV Investment Fallout
China and Turkey spent years strengthening a strategic partnership built on trade, investment and access to European markets. The sudden collapse of a flagship $1 billion Chinese investment now threat ...
U.S. Hits New Obstacle on Critical Mineral Security Course
The race for critical metals and minerals has been heating up since President Trump took office, pitting the U.S. against many of its international allies. Yet while the federal government spends bill ...
Fishlike Nanorobots Could Become America’s Answer to China’s Lithium Grip
Lithium has become a hot-button geopolitical issue as the critical mineral has become omnipresent and all-important in the tech and energy sectors. Chances are very good that you have more than one de ...
US Crude Oil Inventories Build As Washington Talks Up Potential Peace Deal
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.69 million barrels in the week ending July 30, despite analyst expectations for a 2 million b ...