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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 ...
China Added 200,000 Bpd to Crude Reserves in July Despite Hormuz Crisis
China is estimated to have added about 200,000 barrels per day (bpd) of crude oil to its huge inventories in July as imports rebounded from a decade-low in June and refinery runs remained depressed. T ...
China Oil Imports Jump 22% Even as Economic Data Disappoints
China began the third quarter with weaker-than-expected key economic indicators, raising additional concerns about the health of its economy and its demand for crude oil in the coming months. Retail s ...
Asian Refiners Seek Alternative Pickup Point for Saudi Crude
Heightened risks to shipping safety in the Red Sea have prompted some Asian refiners to ask Saudi state oil giant Aramco to pick up its crude oil cargoes at Egypt’s Mediterranean port of Sidi Kerir as ...
Indian Oil Giant Secures U.S. License to Return to Venezuela
India’s Oil and Natural Gas Corporation has secured a license from the U.S. Office of Foreign Assets Control to return to Venezuela, Indian media have reported. India’s largest oil and gas company has ...
India Lets Delayed Renewable Projects Pay to Keep Grid Access
India’s authorities have given solar developers missing their deadlines the option to pay to keep their grid connectivity instead of losing it, Reuters has reported, citing the country’s Central Elect ...
Hormuz Tanker Traffic Slows to a Trickle
Tanker traffic via the Strait of Hormuz slowed further over the weekend, maintaining upward pressure on oil prices. At the time of writing, Brent crude was trading at $88.62 per barrel, with West Texa ...
Have Middle East Oil Flows Rebounded to 15 Million Bpd as U.S. Claims?
U.S. Energy Secretary Chris Wright this week said that the oil exports from the Middle East have rebounded to 15 million barrels per day (bpd) and even topped the pre-war average of 20 million bpd on ...
Europe’s Gas Storage Crunch Deepens Ahead of Heating Season
With less than three full months left until the start of heating season in much of Europe, the issue of gas inventories is becoming increasingly pressing. Current inventory levels are at the lowest in ...
Oil Majors Reap $93 Billion Windfall From the Iran War
Oil prices have soared in recent months as a result of the almost complete closure of the Strait of Hormuz, a key trade corridor connecting Asia and Europe. High fossil fuel prices have helped to driv ...
AI Set to Extend Fossil Fuel Dominance
AI's energy footprint is out of control. Hyperscalers are building out data centers faster than the energy industry can keep up with, pushing for the rapid buildout of any form of energy we have at ou ...
The Trillion-Dollar Problem at the Heart of the AI Boom
Take your pick of alarmist projections about the future of the global economy from top tech leaders. Monzo’s founder, Tom Blomfield, reckons unemployment will surge over the next five years as more an ...
Electric Aviation Won't Kill Jet Fuel - But It Could Take the Best Routes First
Aviation is often treated as one of oil's safest remaining markets. In 2026 that still looks like a reasonable assumption. Airlines are expected to consume around 104 billion gallons of fuel this year ...