Red Sea Tanker Traffic Falls to Multi-Month Low After Houthi Threats
Tanker traffic through the Bab el-Mandeb Strait slumped to a multi-month low on Sunday amid Houthi attacks on Saudi oil infrastructure on the Red Sea coast. Only 11 tankers carrying…
Paras Semiconductor eyes chip facility in Madhya Pradesh, India
By 42 min ago 2 min read Paras Semiconductors, the semiconductor business of Indian defence technology company Paras Defence and Space Technologies, has signed a deal to establish a new…
European Natural Gas Prices Plunge 8% as U.S.-Iran Tensions Ease
European natural gas prices plunged by 8.6% at the open in Amsterdam on Monday as the United States paused strikes on Iran over the weekend and Tehran signaled a halt…
Irish Energy Distributor Agrees to $7.7 Billion Takeover by KKR-Led Consortium
Irish energy distributor DCC Energy has agreed to be taken over by a consortium led by private equity heavyweight KKR and Energy Capital Partners. The deal values the company at…
Japan Eyes Foreign Banks to Back $33 Billion U.S. Natural Gas Investment
The Japanese government may approach foreign banks to help finance pledged investments in U.S. natural gas production that are part of Tokyo’s trade deal with the Trump administration, agreed last…
China’s Crude Oil Imports Surge
China is likely to have increased its crude oil imports this month, with the daily average at 7.8 million barrels, according to calculations by Kpler, as cited by Bloomberg. Refiners…
Oil Prices Plunge 5% After U.S. and Iran Halt Attacks
Oil prices plunged by more than 5% in early Asian trade on Monday as the U.S. and Iran halted attacks after two weeks of escalation that had driven Brent above…
Russia’s Biggest Black Sea Oil Port Goes Quiet as Drone Threat Grows
Russia’s largest Black Sea oil export terminal has effectively gone offline just days after drone attacks shut down the neighboring Caspian Pipeline Consortium terminal, tightening another artery that moves crude…
Oil Shock Could Turn Super El Niño Into an Inflation Problem Again
The world isn’t just staring down another weather event. It’s staring down a weather event colliding with a supply-driven oil shock. JPMorgan warned Friday that a “super” El Niño combined…
Saudi Red Sea Crude Exports Have Sank 41% Since March Peak
Saudi Arabia, which at the start of the Iran war redirected virtually all crude exports through its East-West pipeline to Yanbu on the Red Sea, has seen crude exports from…
