OPEC+ Set to Hold Oil Output Steady as Iran War Disrupts Supply
OPEC+ is likely to leave its oil production policy unchanged for October when seven of its core members meet on Sunday, Reuters reported Wednesday, citing …
Read Full ArticleThe Suspicious Timing Behind Trump's “Biggest Oil Deal In History”
President Donald Trump made a potentially market-moving announcement last Friday evening. He said the United States had reached what he called “THE BIGGEST OIL DEAL …
Read Full ArticleHormuz Traffic Craters to Four Ships as Iran-U.S. Strikes Escalate
Two sailors have died from Monday’s attack on a Saudi oil tanker in the Strait of Hormuz, with Riyadh now formally accusing Iran of targeting …
Read Full ArticleUS Envoy Courts Central Asia on Sidelines of SCO Summit
Two high-level US Trump administration emissaries crashed the Shanghai Cooperation Organization summit in the Kyrgyz capital Bishkek, holding talks with top Central Asian leaders and …
Read Full ArticleUN Warns Global Warming Will Top 1.5C Within Years
The rise in global temperature is on track to soon exceed 1.5 degrees Celsius, likely within the next few years, a new UN Environment Programme …
Read Full ArticleU.S. Oil Stocks Drop as Fuel Demand Weakens
Crude oil inventories in the United States saw a decrease of 4.5 million barrels during the week ending August 28, according to new data from …
Read Full ArticleRyanair Warns Some Airlines Could Struggle with Jet Fuel Price Spike
Ryanair, the biggest low-fare airline in Europe, on Wednesday lowered its winter traffic target to reduce exposure to high unhedged oil prices, and warned the …
Read Full ArticleUkraine’s Refinery Strikes Force Russia to Process Oil Abroad
As Ukraine targets Russia's refineries and fuel shortages worsen across the country, Moscow is now turning abroad to process its oil. Kyiv has knocked out …
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Santos begins seawater injection at Pikka oil project in Alaska
Santos has commenced seawater injection operations at the Nanushuk Drillsite-B of the Pikka oil project, situated on Alaska’s North Slope.
Read Full ArticleIndia Boosts Far East Russian Oil Imports as War Upends Trade Routes
India raised its purchases of Russia’s Far East crude blend ESPO in the first seven months of the year as China backed out of the …
Read Full ArticleKazakhstan to Double Oil Refining Capacity by 2040
Kazakhstan plans to more than double its crude oil refining capacity by 2040 from current levels by expanding existing capacities and building a major new …
Read Full ArticleQatar and UAE Turn to Rare LNG Ship Transfers as Hormuz Crisis Drags On
Three LNG carriers loaded from Qatar and the United Arab Emirates in the Persian Gulf have transferred their cargoes onto other vessels outside the Strait …
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