India Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve Plan
Just a day after details emerged of India’s plans to expand strategic crude oil storage, new reports claim New Delhi is considering a new funding mechanism that would shift part…
Helix Keyes Helium Complex starts producing revenue
Keyes helium plant / ©The Center for Land Use Interpretation You’ve read 1 of 1 of your free articles this month. By 7 min ago 2 min read US helium…
China Eases Fuel Export Curbs as Global Supply Crunch Deepens
China has partially lifted fuel export restrictions imposed earlier this year, allowing refiners to export 2.7 million tons of oil derivatives to destinations excluding Hong Kong and Macau, Reuters has…
Hormuz Tanker Traffic Remains Subdued Despite Reports of Peace Talks
Five tankers passed through the Strait of Hormuz yesterday, with three of them entering the waterway and two exiting, Reuters reported earlier today, citing data from Kpler that shows traffic…
Hormuz Bottleneck Pushes Indian Refiners Toward West African Grades
Several Indian refiners have recently bought crude from Oman and West Africa via tenders, trade sources told Reuters on Wednesday, as term supplies from the Middle East remain choked by…
Iraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years
An old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be up and running within three years, a senior Syrian official has said. The Hormuz crisis that cut…
Houthis Claim Ballistic Missile Hit on Saudi Oil Tanker in Red Sea
The Iran-aligned Houthi group in Yemen on Wednesday claimed a “precise hit” on a Saudi oil tanker in the Red Sea, Houthi military spokesperson Yahya Saree said. “The Yemeni Armed…
Oil Price Rally Boosts Glencore’s First-Half Profit
Commodity producing and trading giant Glencore booked a $4.4-billion net income for the first half of the year, a jump of $5 billion from a loss a year earlier, as…
U.S. Moves to Keep Tungsten Scrap and Battery Metals at Home
The Bureau of Industry and Security at the U.S. Department of Commerce is moving to restrict for one year the exports of black mass and tungsten waste and scrap without…
Red Sea Attack Sinks India-Flagged Cargo Vessel Off Yemen
An India-flagged tanker reportedly carrying Saudi oil has sunk off the coast of Yemen in the Red Sea after it was hit by a projectile. The Indian Ministry of External…
