Iran Says Hormuz Will Stay Closed Until U.S. Meets Its Conditions
Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s conditions, raising the bar for a deal that would…
Russian Crude Exports Drop to Lowest Since May
Russia’s seaborne crude exports fell to their lowest level since May as recovering refinery runs pulled barrels back into domestic processing and attacks disrupted loading at key ports. Russia shipped…
France’s Power Prices Jump 22% as Heatwave Trims Nuclear Output
The new heatwave in France is curbing nuclear power generation in Europe’s biggest nuclear electricity supplier and leading to spiking day-ahead power prices. France’s day-ahead power prices soared by as…
Ukraine Drone Attack Hits Major Oil Refinery Deep Inside Russia
Ukraine’s military claimed another drone attack on an oil refinery in Russia in the early hours on Tuesday as Ukrainian forces continue to target Russia’s energy producing and exporting infrastructure…
ADNOC Issues Eighth Spot Tender Since June as UAE Ramps Up Crude Exports
The national oil company of the United Arab Emirates has issued its eighth spot tender since June, trade sources told Reuters on Tuesday, as the Gulf producer that has just…
OPEC Output Climbs Again, But Still Trails Quota Targets
OPEC’s total oil production jumped by 1.17 million barrels per day in July from June as many Gulf producers restored some output that was shut in for three months due…
NOAA Reveals Latest Atlantic Hurricane Season Prediction
In a statement posted on its site recently, the U.S. Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) announced that it was maintaining its prediction for a “below-normal” Atlantic…
Venture Global records $1.3bn quarterly profit
©Venture Global / CP2 You’ve read 1 of 1 of your free articles this month. By 48 min ago 2 min read Venture Global posted a $1.3bn profit in Q2…
BofA: Hormuz Needs 10 Times More Ships to Stabilize Oil Markets
Bank of America (BoFA) is warning that oil prices could continue climbing into the winter if the U.S. and Iran fail to reach an agreement reopening the Strait of Hormuz,…
Egypt and Libya Near $1 Billion Oil Pipeline Deal
Egypt and Libya are reportedly nearing a deal to build an 800-kilometer oil pipeline connecting Tobruk with Alexandria, creating a direct route for growing Libyan crude production to reach Egyptian…
