Shipping Costs Surge as Insurers Drop War Risk Protection in Gulf

The world’s biggest maritime insurers and insurers’ clubs are ending war risk coverage for vessels transiting the Persian Gulf and the Strait of Hormuz, following the escalation of the conflict…

US Gasoline Prices to Rise After Attack on Iran, Analysts Warn

(Reuters) – U.S. average retail gasoline prices are set to break above $3 a gallon on Monday for the first time in more than three months as the conflict between…

Berkshire CEO Abel Seeks to Reassure Shareholders After Taking Baton From Buffett

Abel emphasizes trust, Berkshire values Analysts say Abel struck the right tone Berkshire reports declining profit for Q4, 2025 (Reuters) – Berkshire Hathaway’s  new Chief Executive Greg Abel moved to put…

Venture Global’s Quarterly Core Profit Nearly Triples on Higher LNG Sales Volumes

Venture Global said on Monday its adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana, sending its shares…

Diesel Jumps 17%, Outpacing Crude Oil After Weekend Conflict

The price of key petroleum fuels soared on Monday as markets opened after the Iran conflict escalated over the weekend, with the jump in diesel futures prices outpacing the surge…

Fire Disrupts Operations at Ecuador’s Biggest Refinery

The largest refinery in Ecuador was forced to suspend operations after a fire erupted in the pumps at one of the units of the 110,000 barrel-per-day Esmeraldas refinery, Ecuador’s state…

Pakistan Reroutes Oil Supply as Strait of Hormuz Crisis Escalates

Pakistan could seek to be included in Saudi Arabia’s preferred buyers of crude exported from the Red Sea amid the major disruption to tanker traffic in the Strait of Hormuz,…

Drone Strike Halts Saudi Arabia’s Largest Oil Refinery

Saudi Arabia shut its largest domestic oil refinery on Monday after a drone strike, as a widening cycle of attacks across the Middle East forced precautionary shutdowns at key oil…