Crude oil production in Saudi Arabia rose by 12.2% in September from a month earlier, to reach 8 million barrels per day (bpd), data by Al Rajhi Capital Research cited by…
The Iran-backed Houthis on Monday claimed they attacked pumping stations along Saudi Arabia’s East-West onshore oil pipeline, the Kingdom’s key crude export route bypassing the…
Saudi Arabia has struck a deal with the Singaporean government to store crude oil in underground caverns in the city-state, Bloomberg reported today. The report follows the…
Crude oil prices began trading with a dip this week but remain significantly elevated as hostilities between Yemen’s Houthis and Saudi Arabia, as well as Iranian attacks on…
Reports about recovering oil flows in the Persian Gulf and the Red Sea have dominated headlines over the past couple of weeks. Yet oil prices have only moved higher, suggesting…
The Iran war has made oil tanker voyages so inefficient that vessel availability has crumbled and freight costs have soared to record-highs, all but erasing the incentive for…
Singapore’s shipping-fuel market is adding another layer of cost to Asian trade. Disrupted supplies from the Middle East and Russia, resilient bunker demand and prohibitive…
The United States is dipping into its Strategic Petroleum Reserve again, this time to keep crude flowing to a Louisiana refinery while oil prices climb above $117 per barrel. The…
Oil traders sold futures equivalent to at least 6 million barrels of crude in just two minutes on March 23, shortly before President Donald Trump backed away from threats to…
Brent crude nears $120 as escalating Saudi-Houthi tensions fuel another weekly oil price rally, putting fresh pressure on Trump. Friday, October 23, 2026 The slow creep of oil…
Saudi Arabia was already the most exposed country in the US-Iran war, and Iran has now explicitly listed Saudi refineries, data centers, and undersea communications cables as the…
The benchmark European natural gas price jumped by 3% at opening in Amsterdam on Friday as the Middle East escalation continues to restrict Qatari LNG flows and some EU countries…
Crude oil prices were on course to book a sharp weekly gain, with Brent crude on track for gains of about $6 per barrel and WTI registering a much more modest tick higher, from…
China has relied on its huge crude oil inventories since the Iran war hiked oil prices to above $100 per barrel. The world’s biggest crude importer has drawn from its…
Asia will need as much as $1 trillion annually in energy investment over the next 15 years to meet rising demand and reduce its exposure to supply disruptions, according to a…
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