News
The Real Reason BP Is Retreating From the North Sea
13+ hour, 27+ min ago (299+ words) Israel and Hezbollah Truce Gives Oil Markets a Reason to Pause Taiwan weathered the Hormuz crisis" The reopening of the Strait" Four Seas Initiative, Syria, Turkey," The case for selling the UK upstream portfolio A UK sale would help BP…...
Israel and Hezbollah Truce Gives Oil Markets a Reason to Pause
14+ hour ago (435+ words) Once considered among the world's" The Middle East's latest peace deal just got a peace deal of its own. Israel and Hezbollah agreed Friday to halt fighting in southern Lebanon after days of escalating clashes threatened to derail the fragile…...
Russia Is Rationing Fuel in Moscow After Drone Strikes
15+ hour, 9+ min ago (398+ words) Despite renewed federal support for" Fuse Energy founder Alan Chang" Russia, one of the world's largest oil producers and exporters, is now rationing gasoline in its own capital. After months of increasingly successful Ukrainian drone strikes on Russian oil infrastructure,…...
Why Oil Prices Are Falling Even as Tankers Remain Trapped
15+ hour, 36+ min ago (768+ words) Equinor to Boost Troll Gas Output with $412 Million Subsea Development Trump's broader energy strategy aims" Oil markets may be celebrating" Aker BP will receive an" Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following…...
Kuwait Says Oil Output Could Hit 2 Million Bpd Within a Week
15+ hour, 36+ min ago (410+ words) A reopening of the Strait" Kuwait expects to raise its oil production to 2 million barrels per day (bpd) within a week, up from an average of 573, 000 bpd in May, amid the reopening of the Strait of Hormuz. This estimate was…...
Hormuz Traffic Stalls as U. S. -Iran Talks Collapse
18+ hour, 27+ min ago (468+ words) The United States and Uzbekistan" A day after a rush to exit the Strait of Hormuz started, tanker traffic at the chokepoint is dwindling again as shippers pull back from immediate passage amid the collapsed U. S. -Iran talks before they even…...
Oil Markets Need More Than a Peace Deal to Recover
18+ hour, 29+ min ago (1195+ words) Beijing Steps Up Scrutiny of Indium Exports as AI Chip Demand Soars Power has become the binding" Nearly every AI bull case" Libya is attracting major international" The Iran framework agreement gave an immediate boost to markets, with shares rising…...
India Receives First Post-Deal LNG Cargo Through Strait Of Hormuz
19+ hour, 54+ min ago (415+ words) India on Friday received the first LNG tanker that had passed through the Strait of Hormuz since the U. S. and Iran announced a deal this past weekend. The LNG carrier Disha, flying the flag of Malta, arrived at the Dahej Port…...
Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil
20+ hour, 48+ min ago (775+ words) India Orders Major Strategic Oil Reserve Expansion After Supply Crisis A reopening of the Strait" Libya is attracting major international" The agreement culminated with the White House sending the text of the interim accord to Congress on June 18." August WTI…...
Libya Draws Oil Majors Back in First Licensing Round in 17 Years
20+ hour, 48+ min ago (300+ words) India Orders Major Strategic Oil Reserve Expansion After Supply Crisis The United States and Iran" IEA data shows clean energy" Everyone is hoping that the band-aid on Libya's political fragility holds. We are still dealing with a divided state here,…...