Energy
Asia races to stockpile oil, speed up renewables in response to Iran war - Reuters
Asia races to stockpile oil, speed up renewables in response to Iran war - Reuters
Energy
Energy
Russian Oil Flows to India Plunge to 310,000 Bpd
India is reducing its imports of crude oil from Russia, but mostly not because of the U.S. tariff threat for buying Russian oil. Economics have always been driving Indian refiners’ purchases, and the past few weeks haven’t been different. Russia is scaling back imports of Russian oil as the price o
Energy
Oil prices climb above $100 on Strait of Hormuz attacks, Gulf storm threat - Yahoo Finance
Oil prices climb above $100 on Strait of Hormuz attacks, Gulf storm threat - Yahoo Finance
Energy
Hormuz Tanker Traffic Hits Two-Month Low as Attacks Surge
The number of tankers traversing the Strait of Hormuz has dropped to the lowest in two months amid renewed attacks on vessels in the waterway—right after tanker-tracking outlets said oil flows out of Hormuz are back to pre-war levels. “Crude crossing the strait fell 27% from a wartime high the week
Energy
Tanker attacked off Qatar as Iran claims route transporting oil through strait of Hormuz will be ‘closed’ - The Guardian
Tanker attacked off Qatar as Iran claims route transporting oil through strait of Hormuz will be ‘closed’ - The Guardian
Energy
Kpler Suspects Gulf Producers Are Paying Iran for Safe Passage
Kpler estimates Middle East crude and condensate exports averaged roughly 16.5 million barrels per day (bpd) in September and exceeded the pre-war average of 18 million bpd on several days during the final week of the month. That recovery has done surprisingly little to bring oil prices back down, a
Energy
Global Diesel Crunch Fuels New Wave of Energy Nationalism
Global fuel stocks are tighter than they have probably ever been. China just imposed a ban on all fuel exports for the month. Russia has had a diesel export ban in place for months. The United States threatened Europe with a diesel export ban unless European countries released some fuel from storage
Energy
Iraq Devalues Dinar 14.5% as Hormuz Disruption Drains Oil Revenue
Iraq devalued the dinar by 14.5% on Wednesday, setting the exchange rate at 1,520 per dollar after months of disruption to oil exports through the Strait of Hormuz cut into the government’s main source of revenue. The cabinet adopted the new exchange-rate structure on Tuesday, with the changes takin
Energy
Naval drone hits oil tanker off Russian resort city Sochi, triggering massive blaze - The Guardian
Naval drone hits oil tanker off Russian resort city Sochi, triggering massive blaze - The Guardian
Energy
Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise - Bloomberg.com
Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise - Bloomberg.com
Energy
Brent Back Above $100 as Houthis Hit Saudi Infrastructure
Crude oil prices, which dipped on Tuesday, reversed their direction, with Brent ticking above $100 again earlier today following reports of fresh Houthi attacks on Saudi energy infrastructure. At the time of writing, Brent crude was trading at $101.49 per barrel and West Texas Intermediate was chang
Energy
Oil Steadies With Focus on Hormuz Shipments and Vessel Attacks - Bloomberg.com
Oil Steadies With Focus on Hormuz Shipments and Vessel Attacks - Bloomberg.com