Oil prices rise more than 2% amid stalled US-Iran diplomatic efforts
Oil prices jumped over 2% on 24 September, Thursday, driven by limited progress in diplomatic efforts between the US and Iran and ongoing questions around …
Read Full ArticleMorgan Stanley: Diesel Export Ban Would Push U.S. Gas Prices Higher
U.S. gasoline prices will spike further if the Trump Administration bans diesel exports, Morgan Stanley analysts say, as restrictions remain a debate amid record-high diesel …
Read Full ArticleIndian Refiners Lift LPG Output Nearly 20% as Hormuz Blockage Chokes Imports
Indian state refiners are ramping up their production of liquefied petroleum gas amid a seasonal jump in demand as the country enters festive season and …
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Ashtead gets revised $661m buyout offer from Ember Infrastructure
Ashtead Technology said that it is reviewing a fresh non-binding takeover proposal from US-based private equity firm Ember Infrastructure Management.
Read Full ArticleSoutheast Asia Keeps Building Gas Plants Despite Hormuz LNG Shock
Countries in Southeast Asia are still building natural gas-fired power plants despite the price inflation in gas caused by the Middle East war. Asian countries …
Read Full ArticleBrent Holds Above $102 as Iran Talks Stall Over Hormuz Conditions
Crude oil prices took a dip today amid reports that there was willingness for peace in the Middle East on both sides of the conflict. …
Read Full ArticleCanada’s Oil Patch On Track For Biggest M&A Wave In A Decade
Nearly a decade ago, the Canadian Oil Patch recorded a major asset sale and consolidation wave as oil majors exited the oil sands in favor …
Read Full ArticleWhite House Rules Out Diesel Export Ban as Prices Surge Above $6.50
The White House on Wednesday denied that the Administration is considering a ban on U.S. diesel exports, clarifying comments from President Donald Trump and Treasury …
Read Full ArticleChina's Newest Power Plant Swaps Steam for Supercritical CO2
China just broke ground on a revolutionary new hybridized energy production and storage facility. The power plant will store excess energy in the form of …
Read Full ArticleHormuz Workarounds Keep Gulf Oil Flowing—at a Steep Cost
Ship-to-ship transfers and pipelines bypassing the Strait of Hormuz, where available, have become the primary export route for most Middle Eastern oil. Oil producers in …
Read Full ArticleHormuz Supply Crisis to Change LNG Market Forever
The Strait of Hormuz crisis has turned roughly 20% of global LNG supply into something buyers now have to treat as interruptible. Nearly seven months …
Read Full ArticleUzbekistan Eyes Caspian and Black Sea Ports to Break Out of Central Asia
Uzbekistan is intent on establishing logistics lily pads on the shores of the Caspian and Black Seas to advance Tashkent’s Middle Corridor trade agenda. A …
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