Energy Dominance Won’t Stop US Fuel Costs Pushing Higher

By The Iran war may be happening on the other side of the world, but US consumers are already starting to see the effects. Get the Latest US Focused Energy…

More Tankers Come Under Attack as US-Iran Conflict Spreads in the Region

(Reuters) – More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan, threatening to spread the crisis to more oil…

Asia’s Refining Margins Soar to 4-Year High as Hormuz Chokes Crude Supply

Disrupted crude flows from the Middle East to Asia due to the de facto closure of the Strait of Hormuz has pushed Asian refining margins to the highest in four…

Japanese Refiners Urge Government to Release Strategic Oil Reserves

Japan’s oil refiners, which source about 95% of their crude supply from the Middle East, are calling on the Japanese government to tap the strategic petroleum reserves to ensure smooth…

LNG Shipping Rates Soar 650% to $300,000 Per Day

The global LNG shipping market has turned sharply higher in recent days, with charter rates for modern LNG carriers surging from roughly $40,000 last week to around $300,000 per day…

NO TAKERS: Oil Companies Shun Trump Administration’s Alaska Offshore Auction

(Reuters) – Oil and gas drillers failed to show up at the Trump administration’s sale of more than 1 million acres (404,686 hectares) in Alaska’s Cook Inlet on Wednesday, declining…

Americas Heavy Crude Prices Hit Multi-Year Highs as Iran Conflict Disrupts Oil Markets

Prices for heavy crude produced in the Americas surged to multi-year highs on Wednesday, as the U.S.-Israeli attacks on Iran stymied exports of similar oil produced in the Middle East.…

US Diesel Hits $4 Per Gallon as Fuel Costs Rise Amid Escalating Middle East Conflict

Reuters Prices for diesel, used mainly in manufacturing and freight, have been on a tear since Iran began retaliating against U.S. and Israeli strikes on the country by bombing energy…