Middle East Oil Pipeline Map Explains Supertanker Price Surge
Oil tanker prices just hit an all time high as Gulf producers race to buy their own ships, wary of the Strait of Hormuz. Here's what it means for crude…
Jake Fox3 min read
World News
Jake Fox3 min read
Oil Prices Inch Higher After Iran Strikes US Bases in Middle East
Oil prices inch up as Iran claims new strikes on U.S. bases in Kuwait and Bahrain, even as more tankers slip through the Strait of Hormuz and Saudi Arabia pushes…
Edward Byrd3 min read
BP (BP) Earnings Surge to $5.7 Billion on Oil and Refining Boom
BP's profit more than doubled to 5.7 billion dollars as oil prices and refining margins surged. Here is how the earnings beat lines up against the stock's valuation and momentum.
Jake Fox3 min read
World's Largest Electric Plane Completes 27 Minute Test Flight
Heart Aerospace flew its 25,000 pound X1 demonstrator for 27 minutes on roughly $5 of electricity, testing the largest electric motor ever put in the air.
Holly Herrera3 min read
UAE Freezes Trade With Iran After Missiles Fall Near Its Coast
The UAE has cut all trade and financial ties with Iran after accusing Tehran of firing ballistic missiles toward its waters, deepening Gulf tensions as oil prices climb.
Jake Fox2 min read
Red Sea Attacks Sink India Flagged Cargo Vessel Off Yemen
An India flagged tanker sank off Yemen after a projectile strike, the latest in a string of red sea attacks hitting Saudi linked shipping as tankers increasingly go dark to…
Holly Herrera3 min read
Brent Crude Tops $91 After Unidentified Projectile Hits Vessel Near Hormuz
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
South Korean Fleet Reshuffle Creates Asia's Largest LNG Carrier Operator
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
Drone Strike Sparks Blaze at Russian Oil Terminal
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
Gulf Oil Exporters Cut Prices as Buyers Gain Leverage
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 Charges Refiners With Gas Price Gouging
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 Eyes Major Red Sea Pipeline Expansion to Bypass Hormuz
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
Drone Strike Shuts Russia's Largest Oil Refinery
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
Bahrain and Kuwait Restore Power After Iran Attacks
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 Jump Amid Hormuz Strait Escalation
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 Shift to US Supplies Amid Hormuz Risks
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 First Time Since May Amid Iran Ceasefire Collapse
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
China Refinery Runs Fall to Pandemic Level Lows
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
Russia Oil Export Capacity Strained by Massive Traffic Jam
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 Highest Paying Jobs Overshadowed by Costly LNG Deal
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
Oil Prices Set to Surge Most Since April on Iran War
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 Hit Pre War Levels Before New Escalation
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 (EQNR) Profit Soars 93% on Oil and Gas Price Spike
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 Red Sea Crude Exports Drop 41% From March Peak
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