Ahead of a high-stakes US-China summit planned for September 24 at the White House, Beijing appears to be spotlighting its influence over Iran to gain leverage during…
Only three commodity vessels moved through the Strait of Hormuz in the past day, preliminary tanker-tracking data by Kpler showed on Wednesday, as the oil market weighs the…
Asia is set to import the highest volumes of crude oil in September since February this year, when the Iran war started, crippled supply from the Middle East, and forced buyers…
Oil prices fell in Asian trading on Wednesday and were on course for a sixth consecutive day of declines as the first U.S.-Iran talks in months revived hopes of a deal and eased…
South Korea will try to cut its reliance on Middle East crude imports to 50% by 2035, Reuters has reported, citing the country’s industry ministry. The ministry has drafted a…
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…
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