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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...
‘Worrying omens’ lurk over global economy despite resilient growth
Research for the FT shows major economies are withstanding the Iran shock but concerns about rising ...
Murban Crude Jumps to 4-Month High as ADNOC Curbs Supply to Asia
The price of Murban Crude, the flagship grade of the United Arab Emirates, surged to a four-month high this week, amid reports that the UAE’s national oil company ADNOC will reduce its immediate crude ...
India Turns to Piped Gas as Iran War Drives Up LPG Costs
India’s government is looking to incentivize city gas distributors to increase piped gas connections to raise domestic cooking gas supply to households as the costs of importing liquefied petroleum ga ...
Strait of Hormuz Shipping Slows After Vessel Attack
Commodity vessel traffic at the Strait of Hormuz further slowed on Wednesday as operators continue to avoid the area amid heightened security concerns and uncertainties about how far Iran’s control co ...
Chinese Oil Tankers Turn Back as Hormuz Risks Mount
Two Chinese very large crude carriers have made U-turns in the Strait of Hormuz, currently idling in the area, Bloomberg reported today, citing ship-tracking data. One of the supertankers, Sea V, load ...
Venezuela Signs Oil Deals With SLB and Hunt to Boost Production
Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, Bloomberg reported, citing a TV statement made by the Sou ...
Oil Prices Rise for Fourth Day as Hormuz Traffic Slows
Crude oil prices extended their gains for the fourth day today as fresh tanker-tracking data suggests traffic via the Strait of Hormuz has slowed further amid harder rhetoric from both Iran and the Un ...
5 Energy Stocks Cashing In On The New Energy Crunch
The Iran war has created an extraordinary earnings season for U.S. refiners. Brent crude has fallen to around $90 per barrel from a wartime peak of $126, but the shortage of refined fuels has only dee ...
Peter Thiel Bets $76 Million on Argentina’s Vaca Muerta Shale
Palantir chairman and hedge fund owner Peter Thiel bought a 1% stake in one of the biggest companies operating in the Vaca Muerta shale formation in Argentina in the latest evidence of the play’s pros ...
AI Could Make Big Oil Even Bigger
AI is changing energy systems, but data centers are only a small part of the impact. Much has been written and said about how the data center and AI boom are consuming and will consume increasingly hi ...
Distillate Stocks Sink Further as U.S. Crude Inventories Barely Budge
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 328,000 barrels in the week ending August 14. In the week prior, US crude oil inventories rose ...
Only 7% of Global Green Hydrogen Capacity Was Finished on Schedule
Green hydrogen research and development has found itself in limbo, once again. Enthusiasm for the resource’s potential as a clean energy solution in hard-to-abate sectors like steelmaking, shipping, a ...
A 4-Million-Bpd Shadow Oil Highway Is Running Through Hormuz
U.S. Treasury Secretary Scott Bessent has predicted that the Strait of Hormuz will become “irrelevant” within two years, and with Gulf oil producers already building their way around it, millions of b ...