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Qatar says US-Iran hotline essential to reopen Strait of Hormuz
Prime Minister Sheikh Mohammed says Gulf state will resume normal LNG production within weeks...
$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar
Gold (XAU/USD) drifts lower for the second straight day – also marking the fifth day of a negative m...
United States Dollar Index reaches fresh 13-month highs near 101.50
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currenc...
BP Buys 40% Stake in Uzbek Oil and Gas Blocks
BP has bought 40% in the production sharing agreement regulating oil and gas exploration and production rights for six blocks in Uzbekistan, setting foot in the Central Asian country as it continues t ...
Rising Jet Fuel and Ticket Prices Could Disrupt Summer Air Travel
Summer travel could be disrupted for millions of airline passengers as airlines pass on higher jet fuel prices onto air fares and cancel unprofitable routes, according to the global association Airpor ...
Japan's Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In
Japan's refinery utilization rates are rebounding in May as releases from petroleum reserves and increased supply of non-Middle East crude are easing the crude supply crunch seen in March and most of ...
Citi Sees India's Power Demand Rising 5%-6% Annually Amid Energy Buildout
India’s power sector is set to grow by 5-6% each year in the medium term as investments in both thermal and renewable power generation are projected to surge amid growing demand from electrification, ...
Europe’s Gas Industry Seeks Relief From Storage Mandates
European Union gas industry lobby groups are urging Brussels to relax gas storage refill targets amid the supply crunch prompted by the war in the Middle East. The EU has a refill target of 90% of sto ...
Europe’s Dependence on U.S. LNG Is Set to Surge
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Finan ...
Why Physical Crude Premiums Collapse Despite the Hormuz Crisis
The price of physical crude has collapsed in recent weeks from premiums of over $30 per barrel above the Brent benchmark in early April, to near-parity or even at small discounts in the May buying cyc ...
Copper Nears Record High as Traders Tune Out Trump's Iran Rejection
Copper is defying the 'war discount' usually applied to industrial metals, nearing an all-time high on Monday as a brutal supply crunch proves more powerful than the threat of a global recession The t ...
Trump’s Ceasefire Warning Sends Oil Prices Higher Again
Brent crude nears $110 as Trump warns the Iran ceasefire is on “life support,” while Gulf producers signal oil infrastructure repairs may stretch into 2027. China’s Oil Machine Hits the Brakes: Import ...
Suriname’s Delayed Oil Boom Is Finally Ready for Takeoff
The tiny impoverished South American country of Suriname has been battling for six years to launch a petroleum boom, which pundits believe will replicate neighboring Guyana’s oil rush. A combination o ...
Global Supply Shock Reignites Oil Exploration Boom
As the world grapples with the most serious oil and gas supply crunch in history, energy security has come front and center for every government on the planet. Some have touted electrification as a wa ...
Brazil's Oil Exports to China Double as Iran War Upends Crude Flows
Brazil more than doubled the volume of its oil exports to China, with export values also nearly doubling, in the first quarter of 2026 from a year earlier, as the Middle East conflict and the closed S ...