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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...
Nato should prepare for deadly Russian ‘hybrid’ attack, says Poland
Foreign minister Radosław Sikorski says risk of casualties is rising as Moscow escalates sabotage ca...
Alberta Premier Rejects Using Oil as a Weapon Against Trump
Alberta’s Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration’s tariff salvo against Ottawa, say ...
Oil Prices Fall as Qatar Pushes New Hormuz Talks
Crude oil prices extended their decline for the fourth day today on news that Qatar’s Prime Minister will visit Tehran today to discuss the possibility of reopening the Strait of Hormuz. At the time o ...
Another Tanker Struck as Hormuz Shipping Crisis Deepens
Yet another tanker has been struck by a projectile in the Strait of Hormuz, the UK Maritime Trade Operations said today, as quoted by DPA. The report follows earlier attacks that continue despite effo ...
Global Oil Security Looks Shakier as Conflicts Hit 45 Million Bpd of Supply
Almost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported this week. The situation raises questions about long-term oil supply security and the ...
Equinor Targets 27% International Production Growth by 2030
Alongside boosting exploration and production offshore its home market Norway, Equinor is pursuing an international growth strategy, aiming to significantly increase its overseas oil and gas output by ...
Octopus Boss Warns UK Is Too Exposed to Global Gas Prices
Octopus boss Greg Jackson has called on Andy Burnham to deliver “urgent reform” to the energy market to protect households from “volatile” gas prices. Jackson, founder of the UK’s biggest household el ...
Aramco Finds a New Way to Keep Saudi Crude Flowing to China
Saudi Arabia is not waiting for the Strait of Hormuz to return to normal to deliver its crude to Asia. It is building a workaround, one tanker handoff at a time. Saudi Aramco is offering more Septembe ...
CNOOC Posts Record Profit as China Pumps More Oil at Home
China’s push to squeeze more oil and gas from home is paying off just as imported energy becomes more geopolitically complicated. CNOOC posted record first-half profit and production on Wednesday, hel ...
Oil Drops as Tankers Begin Moving More Gulf Crude
Brent crude futures dropped for a third session as Iran and Oman advanced plans for a temporary maritime corridor through the Strait of Hormuz. Brent tumbled to $85 a barrel early Wednesday, down more ...
Why Kazakhstan’s New Political Order Matters for US Trade
Kazakhstan’s parliamentary election on August 23 marked an important step in the country’s political development, completing the formation of an updated system of government under the new constitution ...
Europe’s Heatwaves Are Putting Nuclear Power Under Pressure
Europe’s energy sector is facing a stress test unlike any it has ever seen before. Not only are the markets being battered by the latest in a long succession of geopolitical supply chain snags thanks ...
UK Government Takes Stake in Tungsten Mine With £71m Mine Bet
The government’s National Wealth Fund is set to pump £71m into miner Tungsten West in a bid to help reopen the Hemerdon mine in Devon. The funding package combines a £36m share purchase, which will ha ...