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Tanker Rates Soar to Record as Oil Crisis Becomes Shipping Crisis
The cost of shipping crude oil soared to record highs last month as the Iran war reshuffled trade ro...
Emergency Oil Releases Risk Draining the World’s Last Supply Cushion
Earlier this week, the International Energy Agency, after consulting with G7, said it would release ...
Southeast Asia Needs More Power, But Its Weak Grid Could Be a Problem
The war in Iran has exposed a critical vulnerability in Southeast Asia’s energy markets. The region ...
Congress Sends Sweeping Russia-Iran Sanctions Bill to Trump
The US Congress on September 16 passed sweeping legislation targeting Russia and Iran, sending to President Donald Trump a sanctions package supporters say will increase pressure on Moscow and countri ...
UK Energy Bills Could Jump 25-30% From January as Gas Prices Soar
The UK household energy bills could jump by between 25% and 30% in the first quarter of 2027 amid surging natural gas prices as the Middle East crisis drags on, analysts say, warning that the governme ...
Europe's Biggest Independent Solar Operator Just Went Bankrupt
The soaring wind and solar capacity installations in Germany have created an unsustainable business and project economics environment in the sector amid slower grid expansion and electricity generatio ...
Alberta Plans New Royalty Incentives to Spur Oil Production
Canada’s oil-producing province of Alberta plans to announce in November a new preferential royalty framework to encourage companies to invest in new oil and gas production, Alberta’s Premier Danielle ...
Goldman Sachs Sees More Upside in Gasoline as Diesel Crunch Deepens
Diesel prices and margins will continue to grow amid tightening markets, but gasoline could offer even more upside as refiners currently prioritize diesel output, Goldman Sachs says. The investment ba ...
Tanker Rates Smash $1 Million a Day as Oil Shipping Crisis Deepens
The daily rate for commissioning a tanker topped $1 million for the first time in history amid a tightening supply of vessels to carry crude oil and fuels whose owners are willing to dare the Strait o ...
AI Data Centers Are Driving Southeast Asia's LNG Demand Through the Roof
The artificial intelligence boom is sending Southeast Asia’s natural gas demand projections through the roof – but prolonged price hikes triggered by the war in Iran could turn the region toward renew ...
Export Constraints Curb Kazakhstan’s Ability to Offset the Global Oil Shortage
Kazakhstan, which has major oil reserves, is not in a position to help offset a looming energy crisis by expanding production, industry analysts say. With the Strait of Hormuz blocked, Russia sanctio ...
Leaked EU Draft Would Scrap Hydrogen Mandates for EU-Wide Target
A leaked European Commission impact assessment working document for the upcoming Renewable Energy Directive, RED IV, signals a potentially significant shift in renewable fuels policy after 2030. The d ...
Equinor Targets 15 Million Tons of LNG as Qatar Exports Stay Blocked
Equinor plans to expand its global LNG portfolio to between 10 million and 15 million tons a year in the early 2030s, targeting European and Asian buyers left short on supply by the Strait of Hormuz b ...
Russia Extends Diesel Export Ban Through October
Russia will extend its ban on diesel exports for all fuel producers to October 31, Vedomosti reported Tuesday, citing delayed refinery maintenance and the need to rebuild fuel reserves before winter. ...
Germany Weighs Market Incentives to Boost Record Low Gas Storage Level
Germany is considering expanding a key market incentive to encourage traders to raise gas storage levels ahead of the winter, a government source told Reuters on Wednesday as German gas sites are bare ...