Europe Gas Prices Jump 5% to Highest Level Since 2023
European benchmark natural gas prices jumped by 5% in early morning trade on Monday as the re-escalation of hostilities between the United States and Iran …
Read Full ArticleIran Weakened but Defiant After 6 Months of War
Six months after US and Israeli air strikes against Iran launched a conflict that has shaken energy markets and disrupted global shipping, there is still …
Read Full ArticleChina Coking Coal Prices Set for Record 46% Monthly Surge
Supply issues have been tightening the Chinese coking coal market for months, pushing the price of the key steelmaking raw material a record 46% in …
Read Full ArticleIs Taiwan The Only Leverage The U.S. Has In Getting China To Toe The Line …
There is always a winner in any major global oil crisis. In 1973/74, it was Saudi Arabia and its OPEC brothers who shifted the balance …
Read Full ArticleIran Dismisses Trump Claim of Kharg Attack as Hostilities Return
Iran on Monday dismissed as “laughable” a Truth Social AI-generated post by U.S. President Donald Trump that the key Iranian oil export hub of Kharg …
Read Full ArticleOil Companies and Banks Face UK Windfall Tax Threat
Chancellor John Healey has been presented with a plan to tax oil firms and banks further as bosses in the sectors have posted huge profits, …
Read Full ArticleAsia Steps In to Fill Diesel Supply Gap in Africa as Middle East Exports Crash
Asia’s diesel exports to Africa are surging to nearly five-year highs, as Middle East’s sales to Africa crashed to nine-year lows amid threats to shipping …
Read Full ArticleChina's LNG Imports Set to Drop 18% in August as Prices Soar
China’s liquefied natural gas imports are on track to slump by 18% in August from a year earlier, bucking a three-month-long trend of growing purchases …
Read Full ArticleIran Says Supertanker Hit by Mines in Strait of Hormuz
A supertanker caught fire after hitting two naval mines in the southern Strait of Hormuz, Iranian state media reported on Monday, citing Iran’s Islamic Revolutionary …
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ONEOK to buy Permian assets from Brazos Midstream in $4.425bn deal
ONEOK has signed a definitive agreement to acquire Brazos Midstream’s natural gas gathering and processing assets in the Permian Midland Basin for $4.425bn in cash.
Read Full ArticleLithium Miners Cash In as Battery Storage Demand Surges
Lithium miners are reporting strong profits for the first half of the year thanks to stronger demand for battery storage, Bloomberg reported today, noting some …
Read Full ArticleAsian Refiners Turn to Argentina as Iran War Disrupts Oil Supply
Asian crude oil importers, including China, Japan, and South Korea, have turned to buying oil from as far as Argentina to offset supply losses from …
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