Energy
Gold Snaps Iran War Downtrend as Oil and Real Rates Jump - BullionVault
Gold Snaps Iran War Downtrend as Oil and Real Rates Jump - BullionVault
Energy
Energy
Pakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks Mount
Pakistan’s refiners are inquiring traders about potential crude oil supply from the U.S., Nigeria, Singapore, and central Asia, amid the escalating crisis in the Middle East that threatens supply from both the Strait of Hormuz and the Red Sea. Following a meeting with the federal minister for petrol
Energy
Europe Heads Into Winter With Its Weakest Gas Cushion In 15 Years
Europe is unlikely to refill its natural gas storage facilities to even 80% before winter, Equinor CEO Anders Opedal said on Wednesday, Reuters reported, raising the prospect that the continent will enter the heating season with its smallest supply buffer in years. European gas storage sites are cur
Energy
Dwindling fuel reserves leave energy markets exposed to renewed Middle East shocks: IMF - S&P Global
Dwindling fuel reserves leave energy markets exposed to renewed Middle East shocks: IMF - S&P Global
Energy
Surging Oil Prices Push Japan’s Import Bill to an Unprecedented High
Surging oil prices have led to a significant increase in Japan’s import bill, hitting an all-time high last month of $89.46 billion, Reuters has reported, citing government data. The June total was 25.4% higher than a year earlier, as international oil prices rose by over 50% in the 12 months since
Energy
China's Next Move Could Decide Where Oil Prices Go This Year
China’s demand for crude oil imports and the pace of its refined products exports will help shape the trend in oil prices through the end of the year, alongside the supply disruptions in the Middle East. Decade-low Chinese crude oil imports have eased upward pressure on oil prices in recent months
Energy
Norway's Oil Output Beats Forecasts as Hormuz Traffic Stays Near Crisis Lows
Norway's crude oil production beat official forecasts in June as offshore fields returned from seasonal maintenance, delivering a stronger-than-expected increase in supply at a time when global markets remain focused on disruptions to Middle Eastern exports. According to preliminary figures released
Energy
Strait of Hormuz traffic at a standstill as fears grow for global oil supply - NBC News
Strait of Hormuz traffic at a standstill as fears grow for global oil supply - NBC News
Energy
Kazakhstan Suspends Major Oil Exports as Black Sea Risks Escalate
Following a drone attack on the Caspian Pipeline Consortium (CPC) terminal along the Black Sea Coast, Kazakhstan has newly confirmed a halt to crude transfers there. "Kazakhstan is set to stop piping crude to a port on Russia’s Black Sea coast after a spate of attacks on tankers that's jeopardizing
Energy
Houthis Force Saudi Oil Tankers To U-Turn in Red Sea
Shipping disruption: Houthi threats forced two Saudi oil tankers to turn around in the Red Sea as Hormuz traffic slowed sharply after more tanker attacks. Escalation in Gulf: Iran claimed strikes on infrastructure in Bahrain, Kuwait, and Jordan, while Kuwait reported a second day of attacks on power
Energy
India Keeps Buying Russian Oil at Near-Record Pace Despite Expired Waiver
India's crude oil imports have remained close to record-high levels in July despite the end of the U.S. waiver the previous month. The U.S. quietly let the waiver allowing the purchase of Russian oil loaded on tankers expire on June 17, just as the U.S. and Iran signed the memorandum of understandin
Energy
The 'geopolitics of oil' have shifted under Trump: Sec Doug Burgum - Fox Business
The 'geopolitics of oil' have shifted under Trump: Sec Doug Burgum - Fox Business