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Inside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil
Whatever officially occurs next in the on-again/off-again negotiations towards a peace deal between ...
Wall Street ends down as US-Iran peace optimism fades
STORY: U.S. stocks ended lower on Tuesday, with the Dow and S&P 500 each dropping about a third of a...
Russia Escalates Kyiv Strikes Days Before NATO Summit Showdown
Russia carried out one of its largest attacks on Ukraine's capital this year, reigniting demands in the United States and Europe for tougher military and economic measures against Moscow.Ukrainian off ...
TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers
TotalEnergies is offering millions of barrels of Iraq’s Basrah Medium and Basrah Heavy crudes for prompt delivery to Asia this month and next, traders who had received some of these offers told Bloomb ...
Japan's Top Oil Refiner Eyes a Post-Hormuz Future
Japan’s biggest oil refiner, Eneos Holdings, will likely move to diversify its crude supply from a heavy dependence on the Middle East in the wake of the shock disruption of flows through the Strait o ...
Power Prices Triple on PJM as Heat Wave and Data Centers Collide
America's biggest power grid pushed to the edge of an all-time record this week, and the bigger force behind it may be tied to data centers. PJM Interconnection, which delivers power to 67 million peo ...
Soaring Imports Push India’s Crude Stocks to Near 1-Year High
India’s strategic and commercial crude oil inventories have jumped to a nearly one-year high as the world’s third-largest crude oil buyer boosted its imports to a record high in June. As at the end of ...
Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes
Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, says Citigroup, which expects flows through the Strait of Hormuz to soon normalize and the U.S. and Iran to reach a ...
India Denies Directly Exporting Fuel to Russia, But Admits Traders May Be
Indian refiners are not directly exporting any refined petroleum products to fuel-starved Russia, although some supplies from traders are likely reaching Russia, India’s Oil Minister, Hardeep Singh Pu ...
Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return
Oil futures were on track to post their fourth consecutive weekly loss early on Friday as the tentative reopening of the Strait of Hormuz and the uptick in oil flows weigh down prices. In Asian trade ...
PJM on Maximum Alert to Prevent Outages Amid Extreme Heat Wave
PJM Interconnection, the operator of the largest U.S. electric grid, has issued a maximum generation alert for July 3 asking power producers to maximize electricity generation amid soaring demand in t ...
Japan's LNG Imports Fall 7% as Utilities Chase Cheaper Coal
Japan last month reduced gas-fired generation in favor of coal as the price of liquefied natural gas remained elevated despite multiple reports of energy flows out of the Strait of Hormuz improving. T ...
Alberta and Ottawa Greenlight New Pacific Pipeline
Alberta’s Premier Danielle Smith and federal Prime Minister Mark Carney have made the official announcement of a new oil pipeline, to be built to Canada’s Pacific coast, broadening the access of Canad ...
India Coal Power Generation Jumps 14% in June
India's coal-powered electricity generation last month surged by 14% on the year to 120.20 billion kWh as drier, hotter weather prompted a significant increase in demand. Reuters noted in a report on ...