Sinopec Slashes Refining Runs as Hormuz Disruption Squeezes Crude Supply
Sinopec, China’s biggest oil refiner, has reduced its run rates by 10%, Bloomberg reported today, citing unnamed sources, in response to the supply squeeze resulting from the traffic disruption in…
Iran Denies Seeking Truce as Dubai Oil Port Damaged
Iran denied US President Donald Trump’s assertion that it wants ceasefire talks, launching fresh attacks across the Persian Gulf and forcing a suspension of flights at Dubai’s main airport. The…
Oil Prices Remain Volatile as Hormuz Tensions Rise
Oil markets remained volatile in early Asian trade on Monday as Trump attempts to form a broader coalition of countries to protect shipping through the Strait of Hormuz amid fresh…
Trump Bombs Iran’s Kharg Island and Threatens to Hit Oil Exports
U.S. President Donald Trump said American forces had launched a major bombing raid on Iran’s strategic Kharg Island, targeting military facilities on the key Persian Gulf outpost while warning Tehran…
Bank of America: Sell Oil Above $100
Bank of America is warning investors not to chase oil prices higher if crude climbs above $100 per barrel, arguing that prices at those levels tend to trigger government and…
