U.S. President Donald Trump has proposed a fund to finance infrastructure rebuilding damaged in the war with Iran, offering $5 billion in U.S. money for starters. The information…
Saudi pipeline flows resume, but soaring freight and diesel prices signal persistent oil market tightness. Oil Freight Costs Explode as Gulf Risk Traps the VLCC Fleet - The…
Saudi Arabia has restarted its East-West oil pipeline, restoring at least some flow through the 4-million-barrel-per-day route that had become the kingdom’s main escape hatch…
Electricity prices are heading up. Utility operating costs, raw materials, and fuel (obviously), are all heading up and no sign of stopping. Now higher capital costs courtesy of…
Crude oil production at Libya’s largest oilfield, Sharara, has slumped over the past day after an armed military group closed a valve on the pipeline that carries crude oil from…
A conflict that has simmered in Yemen for years has flared in recent weeks, with consequences that could reach far beyond the Middle East. The Houthi rebels have seized nearly…
The oil market is living on borrowed time as flows through the Strait of Hormuz remain disrupted and the cushions such as stock draws and low Asian demand are running thin,…
Iran has offered to open the Strait of Hormuz within seven days if the United States eases its pressure including taking steps toward ending the U.S. military blockade of Iranian…
Despite the recent decline in crude oil prices due to lower-than-feared disruption of Saudi exports, supply-side risks remain elevated, and not only in the Middle East, analysts…
Soaring oil and gas prices will keep most other prices elevated for longer, with eurozone inflation only likely to approach the target rate of 2% towards the middle of next year,…
U.S. Treasury Secretary Scott Bessent threatened Iranian airlines with a “shut-down” from tomorrow, by means of airports refusing to refuel them and sell tickets, in the latest…
Crude oil prices, which had been falling since last week, today reversed course and made gains ahead of a UN General Assembly session that many hope will yield some progress on…
India’s imports of cheaper Russian crude oil have come under scrutiny in recent days after U.S. lawmakers passed a new sanctions bill against Russia’s energy sector. The “Lindsey…
“The roar of the engines does not herald true dominance, but the absolute silence that precedes the strike." “Let your plans be dark and impenetrable as night, and when you move,…
The Czech government will reinstate price caps on gasoline and diesel from October 1 and tax refiners on 50% of any margin increase over 2025 levels, Reuters reported Monday, as…
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