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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...
China Seeks Long-Term LNG Deals Beyond the Strait of Hormuz
China’s giant state LNG importers are in talks to secure long-term LNG supplies from exporters that don’t need the Strait of Hormuz, as the world’s biggest LNG buyer seeks to reduce its exposure to ga ...
South Korea Bets on Red Sea Route as Hormuz Disruptions Persist
Since the Iran war disrupted shipments through the Strait of Hormuz in early March, South Korea has been increasingly betting on the Red Sea route and the Saudi export terminal of Yanbu to load oil on ...
Japan's LNG Giant Weighs U.S. IPO to Accelerate Global Expansion
JERA, the biggest Japanese LNG importer and largest power producer, is studying a potential listing in the United States as part of a plan to boost its international footprint, Reuters reported on Fri ...
Libya Declares Major Oil Discovery Commercial as Production Revival Gains Pace
Libya’s National Oil Corporation, NOC, and Austrian energy firm OMV have declared the Essar oil discovery commercially viable as OPEC’s second-largest African producer pushes to revive its industry in ...
Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens
Iran-linked carriers of liquefied petroleum gas (LPG) have made U-turns and traveled in zig-zagging patterns in recent hours as they face the U.S. naval blockade in the Gulf of Oman, after having clea ...
Pakistan Plans Fresh LNG Purchases Amid Strait of Hormuz Shutdown
Pakistan is looking to buy additional spot LNG cargoes for July and August delivery as the fresh halt to Strait of Hormuz traffic has disrupted shipments from its term supplier, Qatar. The Pakistani g ...
Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates
Oil prices were headed early on Friday for a 12% weekly gain, the biggest jump in one week since April, as the re-escalation in the Middle East and the abrupt halt to the recovery of Strait of Hormuz ...
The No.1 Commodity Story of the Year Is Flying Under Wall Street’s Radar
Cesium is an “obscure object of desire” in one of the world’s most tightly constrained critical mineral markets, where commercial production has historically come from only a handful of mines. The pus ...
China Could Be About to Remove Oil's Biggest Safety Net
The oil market may soon run out of the supply and demand cushions that have kept prices from soaring to record highs during the huge loss of flows through the Strait of Hormuz. The window provided by ...
India, South Africa To Boost Their Strategic Petroleum Reserves
Back in March, the 32-member countries of the International Energy Agency (IEA) agreed to a record release of 400 million barrels of oil and refined products from their emergency reserves after the Ir ...
IEA Predicts First Decrease in Global Oil Demand Since 2020
Global oil demand could decrease for the first time since 2020, following months of oil trade restrictions in the Middle East and ongoing geopolitical turmoil, the International Energy Agency (IEA) sa ...
Chevron Moves Closer to Iraq's Biggest Oil Prize—and a Hormuz Exit Strategy
Chevron is taking another step toward expanding its footprint in Iraq, and is set to sign two memoranda of understanding on Friday that will move the U.S. supermajor closer to developing the giant Wes ...