Energy
Trump considering strikes on Iranian energy targets within days - Axios
Trump considering strikes on Iranian energy targets within days - Axios
Energy
Energy
U.S., Israel preparing to bombard energy-related targets in Iran, sources say - CBS News
U.S., Israel preparing to bombard energy-related targets in Iran, sources say - CBS News
Energy
Ukraine Strikes Lukoil's Volgograd Refinery as Drone Attacks Resume
Ukraine has struck one of Russia’s biggest refineries, Lukoil’s Volgograd processing facility, the Ukrainian forces said on Friday as they resumed attacks on Russian refining capacity. The Volgograd refinery, which has the capacity to process 300,000 barrels per day (bpd) of crude, produces gasoline
Energy
Hormuz Uncertainty Keeps Oil Markets on Edge
September WTI crude oil futures were trading at $84.12 late Thursday, down $6.35, or 7.02%, for the week. With Friday’s session still ahead, the weekly result is not final. But the week’s main story is clear: crude sold off hard when traders thought diplomacy could restore a workable route through t
Energy
Six Saudi Oil Tankers Reroute Around Africa to Dodge Houthi Threat
Half a dozen empty Saudi oil tankers have turned away in the Arabian Sea from the Red Sea chokepoint Bab el-Mandeb and headed south around Africa in the western direction, in highly unusual moves for tankers loading crude from the Middle East. All six tankers turned away from Bab el-Mandeb after the
Energy
Caspian Oil Pipeline Shuts Down Again After Black Sea Drone Attack
The Caspian Pipeline Consortium has shut down again, following Ukrainian drone attacks on two tankers at the Russian Black Sea port of Novorossiysk, Reuters reported, citing the company operating the pipeline. According to the operator of the pipeline, the drone attacks hit two tankers loading at No
Energy
How China Became the Ultimate Swing Oil Buyer
Five months of mostly closed Strait of Hormuz have not sent oil prices spiking to $150 or $200 per barrel, as many analysts had warned in March. Even as more than 10% of global crude oil supply suddenly disappeared from the market, oil didn’t hit record high levels. Crude oil prices haven’t even sta
Energy
Gulf Oil Exports Struggle to Recover Despite Higher Hormuz Traffic
Shipping traffic through the Strait of Hormuz slightly increased as US-Iran negotiations remained ongoing in an effort to restore peace after the memorandum of understanding collapsed amid two weeks of tit-for-tat strikes, according to Pakistan's Foreign Ministry spokesperson Tahir Andrabi, who prov
Energy
Iran Says Two Oil Tankers Ditched Attempt to Transit Hormuz
Two oil tankers that had attempted to transit the Strait of Hormuz with U.S. support via the southern lane close to Oman have turned back after one of them caught fire, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Thursday, as the war in the Middle East shows no signs of abating. “Last ni
Energy
Iran war shows China role in setting the price of oil - Axios
Iran war shows China role in setting the price of oil - Axios
Energy
Oil prices surge after Trump issues warning to Iran - Fox Business
Oil prices surge after Trump issues warning to Iran - Fox Business
Energy
Canadian oil heads to Japan for the first time in over a year as Iran war tightens Middle East supplies - Reuters
Canadian oil heads to Japan for the first time in over a year as Iran war tightens Middle East supplies - Reuters