The United States Oil Fund fell 1.77% as Washington’s effort to block Iranian crude exports put the country’s oil leadership under pressure. Hamid Bovard inherits a sector facing sanctions, fuel…
Holly Herrera2 min read
European Union electric vehicle sales reached a new high in 2026 as fuel prices climbed and more lower priced models arrived. Here are the sales figures, the cost comparison and…
Holly Herrera3 min read
South Korea is broadening its crude supply options after Hormuz disruptions pushed refiners to seek alternatives. Saudi Arabia remains its largest supplier, even as its share fell below 30%, and…
James Stephens2 min read
Iran says the United States fired multiple missiles at the unfinished Karun nuclear power plant in Khuzestan. The IAEA reported no fuel release danger at its last inspection, but Tehran…
Edward Byrd2 min read
India plans a 13 million barrel storage site at Mangaluru after supply disruptions exposed the limits of its reserves. Here is what the project means, and what the available figures…
James Stephens3 min read
ADNOC says attacks have hit 15 vessels since the war began, killing one crew member and injuring 20. The company is expanding its carrier fleet even as shipping through Hormuz…
James Stephens2 min read
Saudi Arabia may raise the price of crude sold to Asia as Red Sea disruptions force longer voyages. The reported increase could reach $5 per barrel, with rerouting adding as…
James Stephens2 min read
Brent crude crossed $100 as conflict risks disrupted shipping and Kazakhstan halted pipeline flows. Low inventories and production still below prewar levels are adding pressure, while US gasoline prices have…
James Stephens2 min read
Hormuz tanker crossings sank to one on Thursday, the lowest count since May 7, as crude moved back above $100 a barrel. Red Sea threats and longer diversions are raising…
Edward Byrd2 min read
India’s new domestic cell rules were meant to reduce reliance on Chinese imports. Instead, shortages have forced smaller module makers to close, put billions of dollars in investment at risk…
James Stephens2 min read
The U.S. plans to offer 40 million barrels from its emergency oil stockpile as fuel prices remain high and commercial inventories contract. Here is how the exchange works, what it…
Jake Fox3 min read
Canada’s first LNG export terminal is set to double capacity in the early 2030s, adding two processing trains as Asian demand grows. A gas fund proxy fell on Sept. 28,…
Jake Fox3 min read
SpaceX’s Starship reached orbit on its 14th test flight despite losing an engine shortly after launch. The mission marks a major development milestone, while tests of its booster, heat shield…
Holly Herrera3 min read
QatarEnergy has extended LNG delivery force majeure notices as Hormuz shipping remains severely disrupted. Qatar’s exports have plunged, while the United States Natural Gas Fund fell 3.64% on September 25.
James Stephens2 min read
Saudi Arabia’s Red Sea oil route was built to bypass Hormuz, but higher insurance costs and a pipeline disruption have complicated shipments. Yanbu loadings were still paused as of Thursday,…
Jake Fox3 min read
Saudi Arabia has sold almost 100 million barrels of crude to Asian refiners as pipeline repairs continue. The shipments through the Strait of Hormuz are helping sustain supply and limit…
Jake Fox2 min read
Rosneft has started commercial crude shipments from its Arctic Vostok project, but early volumes remain far below its original target. Indian imports are easing under sanctions pressure, while USO, the…
James Stephens2 min read
Diesel exports fell about 35% in July as refinery outages in the Middle East and Russia squeezed supply. Goldman Sachs says inventories are already below seasonal levels, and replacement output…
Holly Herrera2 min read
Goldman Sachs has sharply raised its forecasts for diesel refining margins in the United States and Europe. Damaged refineries, low stocks and export curbs are tightening supply, with the bank…
Edward Byrd2 min read
A Houthi strike has taken Saudi Aramco’s 400,000 barrel per day Jazan refinery offline as fuel inventories run thin. The damage could also put the Red Sea route used to…
Edward Byrd2 min read
Qatar extends force majeure on LNG shipments into November as the Strait of Hormuz remains closed to gas tankers, deepening a $24 billion export loss and lifting natural gas prices.
Holly Herrera3 min read
China's coking coal futures jumped a record 46% in August after a deadly mine disaster and safety crackdowns squeezed supply, rattling steelmakers from Shanxi to India.
James Stephens3 min read
Iran calls Trump's AI generated video of Kharg Island's destruction "laughable," as real U.S. and Iranian strikes near the Strait of Hormuz rattle oil markets this week.
Jake Fox2 min read
Tanker rates hit record highs even as oil resumes flowing through Hormuz. Here is what the shipping crunch reveals about whether the Iran war has truly ended.
Edward Byrd4 min read