Energy
How China eased pressure on oil markets by halting purchases and relying on reserves - Middle East Eye
How China eased pressure on oil markets by halting purchases and relying on reserves - Middle East Eye
Energy
Energy
Iranian Oil Supply to China Is Rapidly Drying Up
Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have to turn to alternative supply as soon as next month. Total Iran
Energy
Oil Bulls Take Control as Iran Deal Collapses and Hormuz Stays Restricted
October WTI crude oil futures are trading at $86.31 late Thursday, up $4.82 or 5.91% for the week. The contract opened at $81.62, traded as low as $80.80, and reached $87.69. Friday’s session is still ahead, so the weekly result is not final. The market has already made its decision about the week.
Energy
Iranian Oil Supply to Chinese Refiners Squeezed by US Blockade - Bloomberg.com
Iranian Oil Supply to Chinese Refiners Squeezed by US Blockade - Bloomberg.com
Energy
Oil Set for Weekly Surge as US Seeks to Throttle Iran’s Economy - Energy Connects
Oil Set for Weekly Surge as US Seeks to Throttle Iran’s Economy - Energy Connects
Energy
Middle East Oil Crisis Sends Supertanker Prices to Record Highs
Demand for tankers from Middle Eastern oil producers has pushed prices to an all-time high, the Financial Times reported today, saying both new and second-hand very large crude carriers reached prices of over $130 million in the second quarter of the year. Citing data from shipbroking company Braema
Energy
Houthis Move to Gain Complete Control Over Crucial Bab el-Mandeb Oil Chokepoint
The Yemeni Houthis are planning to seize land along the Yemeni coast in the Bab el-Mandeb Strait, tightening their control of the chokepoint. The information comes from the minister of information in the government that the Houthis are fighting in Yemen and suggests further disruption to marine traf
Energy
Tajikistan Turns to Iran for Oil as Russian Fuel Supply Collapses
Central Asian nation Tajikistan has requested from Iran to import Iranian oil and petroleum products as the fuel crisis in Russia has choked supply from Tajikistan’s largest fuel supplier, the Transport Ministry of Tajikistan said this week. At a meeting with senior Iranian government officials in T
Energy
The Iran war energy crisis is just getting started - Reuters
The Iran war energy crisis is just getting started - Reuters
Energy
Chinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture
Chinese refiners are buying Iraqi crude, with recent purchases of 8 million barrels of Basrah Heavy and Basrah Medium for prompt delivery, Bloomberg has reported, citing unnamed traders. Oil has continued flowing via the Strait of Hormuz—Iraq’s main export channel—despite the Iranian blockade, but t
Energy
Hope Fades, Traders Brace for Extended Oil, LNG Squeeze
For most of the past six months, traders active on the commodity futures markets have been mostly optimistic. They have taken every statement by President Donald Trump about peace talks or victory over Iran at face value, betting on a speedy end of the war. Now, it has started to dawn on many that t
Energy
$100 Diesel Cracks Signal a Much Tighter Oil Market Than Brent Suggests
The oil market has remained complacent for months amid the worst disruption in global supply, with crude oil futures rarely topping $100 per barrel over the six months in which tanker traffic at the Strait of Hormuz is a trickle compared to pre-war levels. While market participants have been putting