Exxon Ships U.S. Gasoline to Australia
Exxon has scheduled its first-ever gasoline shipment from the U.S. Gulf Coast to Australia amid a global fuel export crunch because of the war in the Middle East. The shipment…
China Halts Fuel Exports Amid Global Market Squeeze
China has told energy companies to suspend new fuel export contracts and try to cancel already arranged fuel shipments abroad as global fuel markets tighten amid the Middle Eastern war…
Are We Heading for an All-Out War in the Middle East?
Are we heading for an all-out war in the Middle East? That’s the question Rigzone asked Benjamin Zycher, a Senior Fellow at the American Enterprise Institute (AEI), and Doug Bandow, a…
U.S. Gives Rosneft’s German Refinery Network Open-Ended Sanctions Exemption
The U.S. government will exempt the German units of Russian oil major Rosneft PJSC from sanctions indefinitely, Reuters reported on Wednesday, noting that the exemption applies to Rosneft Deutschland and…
U.S. and Japan Ponder Nuclear Energy Project in Massive $550 Billion Deal
The United States and Japan have been considering the inclusion of a nuclear power project involving Westinghouse in the $550-billion package of investment that Japan has pledged in the U.S.…
Iran Claims It Has “Complete Control” Over Strait of Hormuz
Iran’s Islamic Revolutionary Guard Corps (IRGC) declared it has “complete control” of the strategic waterway, with fresh attacks on commercial vessels near the Strait of Hormuz overnight intensifying fears that…
