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US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fel...
Tech drags down world stocks, oil dips on supply hopes
A slump in high-flying technology stocks dragged down global markets Tuesday, with Wall Street tumbl...
The ‘Magnificent Seven’ correction may actually be a sign of a healthy stock market
The Big Tech grouping officially fell into correction territory on Tuesday as mounting concerns abou...
Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas
Billions of dollars in investments are flowing into Greece’s energy sector as the country tries to establish itself as a vital energy transit hub for Central, Eastern, and Southeastern Europe as the E ...
The Oil Crisis Is Far From Over
The outline of conditions and topics for a negotiated settlement of the U.S.-Iran conflict, called a Memorandum of Understanding (MOU) and signed by both sides last week, in all probability won't prev ...
Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies
Saudi Arabia continues to snap up high volumes of Russia’s fuel oil as the Hormuz crisis has forced shut oil and gas wells and reduced domestic supply for power generation amid rising temperatures. Ru ...
U.S. Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash
U.S. airlines stand to save billions in dollars on jet fuel costs after the US-Iran peace deal sent oil prices sharply lower. Brent crude was trading at $79.22 per barrel at 6.05 am ET on Monday, near ...
Russia Rations Fuel in Crimea as Ukraine Targets Oil Infrastructure
Russian-installed authorities in occupied Crimea have suspended fuel sales to private individuals and businesses amid a severe fuel shortage and a weak tourist season, as Ukrainian drone strikes conti ...
Chinese Grid Operators Resist Plans to Boost Renewables to Power AI
Grid operators are concerned that the Chinese drive to hike the share of renewable electricity powering AI would raise the risks for power firms as peak demand at data centers is difficult to forecast ...
The Phantom Peace Deal: What Washington and Tehran Are Really Playing At
There is no ‘deal’ yet between the U.S. and Iran, much less one including Israel, despite reports to the contrary. U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed an initial ...
Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher
Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave in Europe is raising short-term power demand and the U.S.-Iran talks continue amid conflicting mess ...
China Builds New LNG Hub as Russian Imports Surge
China is preparing a second terminal to receive sanctioned Russian liquefied natural gas (LNG), as the country’s gas imports surge. According to an exclusive report by Reuters, the newly built Longko ...
Iran’s Oil Exports Through Hormuz Hit Wartime High
Iran isn’t wasting any time moving its oil out of the Gulf via the Strait of Hormuz after the U.S. lifted the naval blockade outside the chokepoint and the U.S. and Iran discuss a framework on a lasti ...
Kuwait Offers Gulf Oil Loadings as Producers Seek Hormuz Outlet
Kuwait is offering naphtha for loading at its ports deep into the Persian Gulf in the first such tender in months, as Middle Eastern oil producers seek to raise shipments through the Strait of Hormuz. ...
India’s Imports of Russian Oil Set for New Record High
India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia’s barrels have pushed the world’s third-largest crude importer to gorge on Mosc ...