Crude oil exports out of the Persian Gulf reached 81% of pre-war levels last month, according to fresh data from Kpler and Vortexa, cited by Reuters. The data excludes Iranian…
Asian countries have responded more aggressively than others to the energy supply crunch caused by the U.S. and Israeli war on Iran and now they are running out of resources to…
Oil flows through the Middle East have staged an impressive rebound, with export volumes recovering to near pre-war levels even as traffic through the Strait of Hormuz remains…
Singapore is in an energy pickle. The island nation is still reeling from high oil and gas prices driven by the war in Iran, and is scrambling to build up alternative and…
Iran’s oil minister has resigned as the U.S. blockade pushes the country’s crude exports and oil revenues toward zero, handing control of Iran’s most important industry to the…
The signing of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by President Trump on 18 September gives him a huge economic lever to effect massive political change…
Reports of a possible attack on Saudi Arabia's Petro Rabigh refining and petrochemical complex north of Jeddah emerged on Monday, although Saudi authorities have so far not…
Saudi Aramco CEO Amin Nasser warned Monday that the world has lost nearly 3 billion barrels of gross oil supply since the Iran war began, equivalent to roughly half the crude and…
Despite reports of surging oil flows out of the Strait of Hormuz, tensions in the Middle East remain high as the fresh Saudi-Houthi escalation threatens to unravel recent success…
LNG traffic at the Strait of Hormuz appears to be ticking up despite increased threats to shipments in the chokepoint in recent days. At least three LNG carriers have transited…
Saudi Aramco has raised oil prices for European-bound cargoes in November but has cut prices for Asian buyers to the lowest in six years, Reuters reported today, noting analysts…
OPEC+ agreed on Sunday to keep its oil production quota for next month unchanged from this one, in line with expectations, after it unwound its production cuts earlier this year…
Crude oil prices fell in early trading, though Brent remained above $100, after a report from Kpler revealed that flows out of the Strait of Hormuz are now above pre-war levels.…
The share of gasoline cars in global vehicle sales fell below 50% for the first time ever as the Hormuz shock and the resulting record-high fuel prices accelerated the previously…
Oil companies have spent years using AI to drill faster, predict equipment failures and squeeze more production from existing fields. The UAE’s state-run oil giant, ADNOC, is now…
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