Iran Strikes Loaded Kuwait Oil Tanker off Dubai
An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant attacks on a vessel in a month of war,…
Powell: Fed Will ‘Wait and See’ Before Pulling Interest Rate Trigger
Federal Reserve Chair Jerome Powell on Monday said that U.S. monetary policy is in a good place, and the Fed will wait and see how the ongoing Middle East conflict…
QatarEnergy Brings U.S. LNG Online Amid Ras Laffan Fallout
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil (NYSE:XOM), has achieved first production of liquefied natural gas (LNG) at its first liquefaction train, marking the transition of the…
Nigeria Pays 65% More for Gasoline as Dangote Battles Crude Import Costs
Despite the fact that Nigeria is now home to the biggest oil refinery in Africa, Nigeria’s gasoline prices have soared to a record high amid the war in the Middle…
South Korea Weighs First Public Driving Restrictions in 35 Years
South Korea is weighing the possibility to extend driving curbs from civil servants’ use of vehicles to the general public if oil prices hit $120 per barrel, Finance Minister Koo…
War Complicates Pricing of Saudi Arabia’s Oil for Asia
Days before it is slated to announce pricing for May-loading cargoes for Asia, the world’s top crude exporter, Saudi Arabia, is unsure how the typical price mechanism could apply and…
Brent Hits $115 as Trump Threatens Iran’s Oil Wells and Power Plants
President Donald Trump on Monday threatened to destroy Iran’s power plants, oil wells, Kharg Island, and potentially its desalination infrastructure if no ceasefire deal is reached, even as he claimed…
India Leans on Coal and Renewables as War Throttles Gas Supply
India is speeding up the commissioning of wind farms and battery storage systems as its natural gas supply is slashed amid the war in the Middle East, India’s junior power…
Australia Cuts Fuel Tax in Half as Middle East War Squeezes Supply
Australia is halving the fuel excise on gasoline and diesel for three months in a bid to alleviate financial stress from spiking fuel prices, the government said on Monday. The…
China Sends Fuel to Struggling Southeast Asia Despite Export Ban
Despite a ban on fuel exports from early this month, China has delivered cargoes of diesel and other fuels to Southeast Asia in recent days in a sign that Beijing…
