News
Malaysia Secures Fuel Supply Through End of July
12+ min ago (472+ words) Denmark approved Europe's first truly" As the chart shows, EVs" Malaysia has secured its fuel supply until the end of July, state energy firm Petronas has assured the economy ministry, as Southeast Asia is reeling from the worst supply disruption…...
Oil Prices Fall 6% as U. S. -Iran Peace Talks Gain Ground
1+ hour, 4+ min ago (154+ words) Uzbekistan is pursuing a transit" Markets reacted to tentative progress in U. S. -Iran diplomatic talks. Tracking data shows de-escalation movements, such as Chinese tankers shifting out of the high-tension zone, while earlier IEA strategic petroleum reserves are being tapped at a…...
Expert Says Traders Should Brace for July Jump in Oil Prices
1+ hour, 12+ min ago (444+ words) University of Illinois researchers say" Trump's reluctance to approve a" Oil traders don't want to think about the worst-case scenario and lap up every word of U. S. President Donald Trump about a potential deal with Iran, but the market needs to…...
Sinopec Boosts China's Shale Oil Output
2+ hour, 12+ min ago (462+ words) The Trump administration has allowed" Kyrgyzstan has suspended 50 companies" Sinopec's Jiyang shale oil base in Shandong province has ramped up output in recent months, raising Chinese shale production and domestic resources and output as the world's biggest crude importer looks…...
Australia Set to Include Existing LNG Deals in Gas Reservation Scheme
3+ hour, 12+ min ago (428+ words) Saudi exports are sliding toward" Australia plans to include existing LNG contracts in its so-called Domestic Gas Reservation scheme, expected to come into force in July 2027, to ensure local supply. The new Australian regulation, which is still a draft proposal…...
Rubio Plays Down Imminent U. S. -Iran Deal
4+ hour, 12+ min ago (430+ words) The Trump administration is awarding" British households are expected to" The U. S. will deal with Iran "another way" if it does not reach a good deal with the Islamic Republic, U. S. Secretary of State Marco Rubio said on Monday, playing down hopes…...
India Raises Fuel Prices for Fourth Time as Oil Crisis Hits Consumers
5+ hour, 22+ min ago (436+ words) The Pentagon just placed the" Uzbekistan is pursuing a transit" India's state-owned energy majors that trade in fuels raised prices at the pump for the fourth time in the space of a month, reflecting the continued effect of the Strait…...
China Coking Coal Prices Surge After Deadly Shanxi Mine Blast
6+ hour, 27+ min ago (432+ words) Russia and China are intensifying" Iran has launched a controversial" The price of coking coal in China jumped by 8% after a deadly mine accident in Shanxi province that prompted safety checks that will affect production over the near term. The…...
More Tankers Make It Through the Strait of Hormuz
7+ hour, 42+ min ago (363+ words) Denmark approved Europe's first truly" Higher fossil fuel prices and" Two liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days, with the LNG vessels heading for Pakistan and China, and…...
Oil Prices Plunge Below $100 on Iran Deal Optimism
13+ hour, 17+ min ago (336+ words) University of Illinois researchers say" Oil prices plunged in early Asian trade on Monday following reports over the weekend that a deal to reopen the Strait of Hormuz was in its final stages. At the time of writing, both oil…...