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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 ...
British ESG Platform Put Up for Sale as Sustainability Spending Slows
An ESG reporting platform backed by the government-owned British Business Bank has been put up for sale after appointing administrators, City AM can reveal, in the latest sign blue-chip companies are ...
Thailand Looks to Buy Into U.S. LNG Export Projects to Secure Supply
Thailand’s state-owned oil and gas firm PTT is in early-stage talks with developers of U.S. LNG export projects to invest in facilities and secure long-term supply, anonymous sources with knowledge of ...
Shell: Global LNG Demand to Surge 65% by 2050
Surging gas demand in South and Southeast Asia will push global LNG demand up by 65% by 2050 from 2025 levels, although growth this year has been stalled by the Strait of Hormuz crisis, Shell, the wor ...
Oil Prices Head for Biggest Quarterly Drop Since Pandemic
As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in ...
Asia’s Crude Imports Remain Well Below Pre-War Levels
Despite a slight recovery from May, Asia’s crude oil imports remain at multi-month lows in June amid constrained Middle Eastern flows and high prices for alternative supply. Asia’s crude oil imports i ...
Morgan Stanley Cuts Brent Forecast to $75 a Barrel
Morgan Stanley has slashed its oil price forecasts for the next 18 month as it expects the reopening of the Strait of Hormuz to accelerate a new supply glut. The return of oil supply from the Middle E ...
Asian Refiners Redirect Middle East Crude to the U.S. as Hormuz Flows Recover
Some Asian refiners have recently offered Middle Eastern cargoes to the U.S. West Coast as supply from the Persian Gulf rises with the reopening of the Strait of Hormuz, while Asian buyers are well-su ...
Hormuz Tanker Traffic Recovers as Tensions Ease
Tanker traffic at the Strait of Hormuz rose over the past 24 hours for the first time since late last week, when two attacks on commercial vessels spooked many operators and forced others to wait for ...
Pakistan Pays Premium for Urgent LNG Cargo
Pakistan has bought a cargo of liquefied natural gas, paying a premium of around $1 per million British thermal units to regional spot market prices in a move highlighting the continued disruption in ...
New Report Says U.S. Led Global CO2 Emissions Growth in 2025
A report has criticized the United States for leading global carbon dioxide emissions growth in 2025, saying the country accounted for around 30% of the global increase in emissions. The rise in emiss ...
Trump Pressures Gas Stations to Slash Prices "Immediately"
President Donald Trump has scolded fuel retailers for failing to cut prices at the pump, saying in a social media post “Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high con ...
The Next Oil Rally Could Be Driven by Stockpile Buying
The war in the Middle East has cost the world over a billion barrels in cumulative supply losses. Yet luckily, China had built a reserve of about the same size before the closure of Hormuz, so it stop ...