UAE Freezes Trade With Iran After Missiles Fall Near Its Coast
The United Arab Emirates (UAE) is halting all trade, financial, and commercial ties with Iran until further notice, after saying Tehran had fired ballistic missiles targeting its territory. Late on…
Trump Dangles Keystone XL Revival as Canada Tariff Deadline Looms
Canada has won a three-day reprieve from President Donald Trump’s threatened 50% tariffs, but a final trade deal remains hung up on Canadian auto exports, leaving Washington and Ottawa until…
Risks and opportunities in the CO2 market
By 35 min ago 4 min read Carbon dioxide (CO2) supply is facing a period of growing uncertainty as traditional production sources become harder to replace, while new sources and…
Webinar preview: Risks and opportunities in the CO2 market
By 16 hours ago 4 min read Carbon dioxide (CO2) supply is facing a period of growing uncertainty as traditional production sources become harder to replace, while new sources and…
Murban Crude Jumps to 4-Month High
The price of Murban Crude, the flagship grade of the United Arab Emirates, surged to a four-month high this week, amid reports that the UAE’s national oil company ADNOC will…
India Turns to Piped Gas as Iran War Drives Up LPG Costs
India’s government is looking to incentivize city gas distributors to increase piped gas connections to raise domestic cooking gas supply to households as the costs of importing liquefied petroleum gas…
Strait of Hormuz Shipping Slows After Vessel Attack
Commodity vessel traffic at the Strait of Hormuz further slowed on Wednesday as operators continue to avoid the area amid heightened security concerns and uncertainties about how far Iran’s control…
Chinese Oil Tankers Turn Back as Hormuz Risks Mount
Two Chinese very large crude carriers have made U-turns in the Strait of Hormuz, currently idling in the area, Bloomberg reported today, citing ship-tracking data. One of the supertankers, Sea…
Venezuela Signs Oil Deals With SLB and Hunt to Boost Production
Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, Bloomberg reported, citing a TV…
Iran War Set to Drive UK Energy Bills to 3-Year High
UK household energy bills are set to further rise from October by 4% to their highest level since the summer of 2023, as the Iran war has tightened global gas…
