EU approves €659m German state aid for four semiconductor facilities
By 11 min ago 2 min read The European Commission has approved €659m ($754m) in direct grants through German state aid to develop four first-of-a-kind semiconductor facilities and strengthen the…
Blue Star completes early Pinyon Canyon commissioning
By 30 min ago 2 min read Exploration firm Blue Star Helium has completed the early production commissioning and optimisation phase at its Pinon Canyon plant in Las Animas County,…
Dubai Is Already Planning for the Next Strait of Hormuz Crisis
The Strait of Hormuz reopened less than a month ago, but Dubai is already planning for the next closure. DP World is reportedly in talks to build a new multipurpose…
Oil Prices Surge 8% After Trump Reimposes Iran Blockade
Oil prices jumped more than 8% on Monday after U.S. President Donald Trump announced the United States would reinstate its blockade on Iran, forcing traders to once again price in…
OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz
OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude production rebounds across the Gulf and tanker traffic slowly returns to the…
Oil Prices Have Jumped 12% Since Friday as War Risks Return
Oil prices extended Monday’s surge into Asian trade on Tuesday, with Brent Crude prices hitting a one-month high, as the renewed war risk premium crashed the calmer trade of the…
China’s Crude Oil Imports Crash to Decade Low as Hormuz Crisis Bites
China’s crude oil imports crashed to a decade-low in June as the reduced flows through the Strait of Hormuz hiked oil prices and reduced refiners’ appetite for costly crude. Overall…
Iran Sneaks 12 Million Barrels Past Renewed U.S. Oil Blockade
Iran is estimated to have sneaked supertankers with a total of 12 million barrels of crude oil in the week between the end of the U.S. waiver on Iranian oil…
China Cuts Saudi Crude Orders as Hormuz Risks and Discounts Reshape Trade
Some Chinese refiners have not nominated term crude cargoes from Saudi Arabia for August, while others have not been allocated any term supply for next month, as weak demand in…
Escalations Damage Hormuz Media Narrative
Escalations over the past week have damaged the media narrative that has built up over the past few weeks, that transit through the Strait was practically back to normal, and…
