A cargo ship hit by an unidentified projectile near the Strait of Hormuz pushed Brent above 91 dollars, while USO edged higher as traders weighed the region's escalating risks.
Holly Herrera3 min read
Hahn & Co is combining SK Shipping and H-Line's LNG tanker fleets to build Asia's largest gas carrier operator, as South Korea's shipping industry bets big on long-term LNG demand…
Edward Byrd3 min read
A Ukrainian drone strike sparks a fire at Russia's key Baltic export port of Ust Luga, the latest hit in a campaign squeezing Moscow's fuel exports and refining capacity.
Edward Byrd2 min read
Saudi Arabia just made its steepest price cut to Asian buyers in decades, but rival Gulf oil exporters are discounting even more. Here is why nobody is winning yet.
Edward Byrd3 min read
South Korea has charged its four major refiners with coordinating fuel price hikes after the Israel Iran war began, in a case prosecutors say caused $17 billion in harm.
Holly Herrera1 min read
Saudi Arabia is weighing a huge expansion of its East West pipeline to sidestep the Strait of Hormuz, as USO trades near 126.60 dollars amid lingering Gulf shipping risk.
Edward Byrd3 min read
A Ukrainian drone strike shuts down Russia's largest oil refinery in Omsk, worsening a fuel crisis that has already spread shortages into Central Asia and forced Moscow to import jet…
Edward Byrd2 min read
Kuwait and Bahrain restore power after Iranian strikes on U.S. bases, as oil prices jump and a fragile U.S. Iran truce faces its toughest test yet.
James Stephens2 min read
European natural gas prices jumped over 3% after Qatar halted maritime activity amid renewed US Iran tension near the Strait of Hormuz, threatening LNG flows just as winter storage season…
Jake Fox3 min read
Chinese oil importers are rushing back to American crude as tensions near the Strait of Hormuz flare again, with USO climbing 1.26% amid fresh supply worries.
Jake Fox3 min read
Gasoline prices rise for the first time since May as the U.S. Iran ceasefire collapses, shipping through the Strait of Hormuz plunges, and Russian refineries take heavy drone damage.
James Stephens3 min read
Crude oil ETF USO climbs 1.26% even as China refinery runs sink to pandemic era lows, driven by a historic drop in crude imports and softening fuel demand.
James Stephens3 min read
Russian crude is piling up at sea as Ukrainian strikes cripple refineries, forcing Moscow to export more oil even as revenue shrinks and tanker gridlock spreads.
James Stephens3 min read
Pakistan just paid its highest LNG price in four years as Hormuz tensions choke off Qatari supply, while crude oil edges higher on the same geopolitical strain.
Jake Fox3 min read
Crude oil is climbing fast as U.S. strikes on Iran and tanker attacks near the Strait of Hormuz choke off supply. Here is what is driving the surge and what…
Edward Byrd3 min read
Gulf oil exports briefly rebounded to pre conflict levels before fading again as US Iran tensions choke tanker traffic through the Strait of Hormuz, rattling crude markets.
Edward Byrd3 min read
Equinor's second quarter profit jumped 93% on soaring oil and gas prices, and EQNR shares now trade near their 52 week high with a 3.85% dividend yield.
James Stephens3 min read
Saudi Arabia leaned on the Red Sea to dodge Hormuz risk, but Houthi tanker strikes near Bab el Mandeb now threaten the very route it built its export strategy around.
James Stephens4 min read
USO fell 1.53% as the IEA slashed its 2026 oil supply forecast, warning global inventories are draining fast amid a prolonged Strait of Hormuz standoff.
Jake Fox3 min read
A record 81 million acre Gulf of Mexico lease sale drew almost no bidder interest, even as oil prices stay elevated amid the Iran conflict and shifting supply dynamics.
Edward Byrd3 min read
Norway's $2 trillion wealth fund just posted a record $185 billion profit, fueled by Asian tech stocks. Here's how Nvidia, Apple and Microsoft factor into the numbers.
Edward Byrd3 min read
Crude oil ETF USO climbed 1.34% as red sea tanker traffic hit a multi-month low amid Houthi attacks on Saudi oil infrastructure, forcing tankers to reroute or go dark near…
Jake Fox3 min read
Crude oil fund USO climbed 1.34% as Russian seaborne exports hit their lowest since May. Port strikes, refinery repairs, and tanker shortages are squeezing Black Sea and Baltic loadings alike.
Holly Herrera4 min read
India's dependence on crude oil imports sits at 90%, even as overall energy import reliance eases. Here's why the gap persists and what it means for oil markets.
Holly Herrera3 min read