SC Says No Clear Off-Ramps in Conflict, Ups Brent Forecast
Despite optimistic comments from the U.S. about the potential duration of the conflict, there appear to be no clear off-ramps at present. That’s what Standard Chartered Bank Energy Research Head…
Thailand Turns to Russian Oil as Hormuz Shock Hits Asia
Thailand has held talks with Russia to potentially buy Russian crude oil, a senior Thai official said on Tuesday, as Southeast Asia first felt the global oil supply shock from…
China Built a Massive Oil Buffer Ahead of the Iran Crisis
China expanded its crude oil stockpiles over the first two months of the year, thanks to higher imports and a ramp-up in domestic production, Reuters’ Clyde Russell reported, adding that…
Tesla and LG Energy to Build $4.3 Billion Battery Plant in Michigan
Tesla and LG Energy will jointly build a battery plant in Michigan that will cost $4.3 billion. Production is slated to begin next year, the Department of the Interior said…
U.S. Diesel Prices Top $5 a Gallon as Hormuz Crisis Ripples Across America
U.S. diesel fuel prices topped $5 per gallon, according to GasBuddy, which has only happened once before, Reuters noted in a report, citing the GasBuddy data. The price tracker earlier…
