Europe’s Gasoline Exports Shift to Asia as War Roils Fuel Markets
Europe’s gasoline exports have started to increasingly shift to Asia in recent weeks as the crude supply shock in the Middle East is tightening Asian fuel supply. Europe usually ships…
LNG Exports Plunge to 6-Month Low as War Throttles Supply
Worldwide LNG exports have plunged in the past week to a six-month low as Middle Eastern supply collapsed with the de facto closed Strait of Hormuz and the outage at…
High Oil Prices Could Force Fed To Raise Rates
The oil-driven inflation shock rippling through global markets is now forcing a sharp rethink of U.S. monetary policy, with traders rapidly shifting from rate-cut expectations to pricing in potential hikes…
Zombie Tankers Appear in Hormuz as War Fuels Traffic Chaos
Vessels posing as tankers that were sent for scrap years ago have appeared to pass through the Strait of Hormuz in recent days, in another example of how the Middle…
Chinese Oil Giants Rethink Iranian Crude After US Waiver
The biggest state-controlled refiners in China are considering whether to buy Iranian crude after the U.S. on Friday issued a one-month waiver allowing imports of Iran-origin crude, sources with knowledge…
Oil Plummets 8% as Trump Postpones Hormuz Deadline Threat
Brent crude is down more than 8% in the minutes following a statement by U.S. President Donald Trump that “THE UNITED STATES OF AMERICA, AND THE COUNTRY OF IRAN, HAVE…
Trump Reports ‘Productive Conversations’ with Iran
In a statement posted on his Truth Social page on Monday, U.S. President Donald J. Trump reported that the U.S. and Iran had had “very good and productive conversations” over…
