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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 ...
Hormuz Attacks Push Oil Toward $100 Despite US Crude Build
Brent heads toward a 5% weekly gain as stalled US-Iran talks and Hormuz attacks push oil prices toward $100. Friday, August 14, 2026 Crude oil prices are set to post a 5% weekly gain after this week q ...
U.S. West Coast Refiners Tap Malaysian Supply
A cargo of fuel oil from Malaysia is making its way to a refinery on the U.S. West Coast in the first such shipment in three years as global supply of feedstock for refineries has tightened in recent ...
Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project
Kazakhstan has alleged in a confidential arbitration case that some of the biggest international oil firms that have developed the giant Kashagan oilfield awarded $10.7 billion worth of contracts with ...
Iran’s Economy Is Buckling Under the Weight of War
Every week, the shopping lists of Iranians become shorter as inflation soars and purchasing power plunges. “As things disappear from the dining table, fruit goes first, then dairy products, then anyth ...
India's Coal Demand Set to Hit 1.6 Billion Tons by 2030
India’s coal demand is set to jump to 1.6 billion tons in 2030, from about 1.2 billion tons now, due to higher electricity generation and industrial activity, Indian Coal Secretary Vikram Dev Dutt sai ...
Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil
North Asian refiners have increased buying activity to secure U.S. crude oil supply as an alternative to the Middle Eastern crude that may not make it outbound from the Strait of Hormuz as the U.S.-Ir ...
Fallout Spreads Across the Middle East as the Iran War Grinds On
Politics, Geopolitics & Conflict Yemen’s Houthis said they targeted Saudi Aramco’s Jazan refinery with two drones on Thursday, the second claimed attack on the Red Sea facility in less than a week and ...
Oil Traders Reprice Hormuz Risk as Demand Outlook Deteriorates
September WTI crude oil futures are trading at $81.19 late Thursday, up $4.11, or 5.33%, for the week. With Friday’s session still to come, the final weekly result remains unsettled. The message is cl ...
Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal
Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on Friday following an overnight drone attack from Ukraine. A fire was detected at the po ...
Middle East Oil Tankers Are Going Dark for Longer
Not only is a growing number of tankers moving stealthily with transponders switched off at the Middle East’s two key chokepoints, but the time of the so-called dark mode movements has extended from j ...
Hormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags On
Tankers moving along the Strait of Hormuz dwindled further this week, with only five crossings on Wednesday and nine crossings on Thursday, down from a monthly average of 12 crossings, according to da ...
Russia Captures Record Share of India’s Oil Market
Crude oil imports from Russia accounted for over 50% of India’s total import volumes last month. This was the highest share of Russian oil in India’s import mix, Reuters noted in a report that cited u ...