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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 ...
Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit
European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the c ...
What Happened to Big Oil's Green Pivot?
Over the past 20 years, the story seemed straightforward. Big Oil would gradually become Big Energy. Over time, oil majors would use their balance sheets, engineering expertise, and global project-man ...
Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz an ...
Kazakhstan Cuts Gas Output after Drone Strike on Russian Processing Plant
Kazakhstan has slashed by a quarter natural gas production at the huge Karachaganak oil and gas field after Ukraine earlier this week hit with drones a Russian plant processing part of the gas, Kazakh ...
Crude Prices Sink as Traders Bet on More Iranian Oil
August WTI crude oil futures kept falling sharply during the week ending June 26. Traders continued to take out the extra price they had added earlier because they worried about possible supply proble ...
China’s Crude Imports Set to Hit Weakest Level Since 2016
Chinese crude oil imports this month are on course to book an even weaker month than May, according to Kpler data, which sees the daily average at just 6.4 million barrels, as cited by Bloomberg. Data ...
Hormuz Shipping Confidence Is Still Shaky
Traffic through the Strait of Hormuz has picked up over the past week but shipowners remain cautious about transiting, especially after the Thursday attack in the Gulf of Oman on a vessel that had jus ...
Qatar Offers First Crude Loadings to Buyers Since War Began
Qatar is tendering crude for loading outside the Strait of Hormuz in July and August, in what is likely the first Qatari crude offering to buyers since the Iran war began on February 28, trade sources ...
Qatar's LNG Recovery Picks Up Speed as Tankers Mass at Ras Laffan
As many as eight empty LNG carriers have arrived at the Ras Laffan hub in Qatar and are set to load on superchilled gas in the coming days, Bloomberg has reported. Another LNG carrier is approaching Q ...
Oil Heads for Weekly Loss as Hormuz Tanker Traffic Rebounds
Crude oil prices were on course for a sharp weekly loss amid multiple reports about a strong rebound in tanker traffic in the Strait of Hormuz. At the time of writing, Brent crude was trading at $73.7 ...
The $7 Trillion AI Boom Is Running Out of Power
Forget the chips. Forget the code. The most expensive, in-demand commodity in the entire $3-trillion AI revolution is not a patented algorithm or a new Nvidia GPU. It's power. Specifically, a secure, ...
Asia's Crude Buying Spree Is Running Out of Steam
Asian refiners have reduced their spot purchases of Middle East crude for loading this month and next, following three weeks in which they had purchased millions of barrels of UAE, Saudi, and Iraqi cr ...