The diesel crunch is set to persist well into 2027 as supply remains limited by the Middle East conflict and the damaged Russian refineries, analysts say. Attempts at transient…
Saudi Aramco is offering additional crude to European refiners for October and November loading, just weeks after telling customers they would receive no oil under their October…
Brent holds near $115 as Iran war tensions and escalating Saudi-Houthi hostilities keep oil markets on edge ahead of U.S. midterms. Hormuz Becomes Even More Dangerous — and More…
The key OPEC+ producers managing their collective oil production are expected to keep quotas unchanged for December when they meet on Sunday, sources familiar with the plans told…
Russia and Iran are expanding their nuclear cooperation as both countries face Western sanctions and international isolation. Their partnership includes the construction of…
A fire broke out near Saudi Arabia’s key oil export hub of Ras Tanura on the Persian Gulf following an attack early on Tuesday, but the Kingdom quickly contained the fire, an…
Crude oil prices moved lower today after reports about renewed diplomatic efforts to achieve peace in the Middle East, with Saudi, Turkish, and Pakistani officials travelling to…
Britain is deciding whether to drill its largest untapped oilfield in the middle of an oil shock, with Brent above 100 and more than 70% of its oil already coming from abroad.…
China needs its biggest oil and gas producers to drill more, explore more, and build strategic supply bases as the Iran war forces Beijing to confront an uncomfortable reality:…
Oil and gas may be flowing through the Strait of Hormuz again, but the impacts of its months-long closure will be felt for years to come. For Asia, in particular, regulating…
The average price Americans have paid for gasoline during President Donald Trump's second term has now surpassed the average recorded during Joe Biden's presidency, marking a…
The Middle East conflict has disrupted global energy flows, forcing countries to rethink supply routes and strengthen energy security. As more buyers turn to the spot market to…
Egypt’s parliament on Monday authorized military support to defend Saudi Arabia, the same day Yemen’s Houthis claimed unconfirmed attacks on pumping stations along the kingdom’s…
Few could argue with U.S. President Donald Trump’s key objective in launching ‘Operation Epic Fury’ against Iran on 28 February -- to prevent Iran from ever being able to develop…
We extensively covered the unusually strong El Niño, its weather impacts by region, and the risks this adverse weather poses to crop production and global food inflation. UBS's…
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