Russia Slashes Oil Exports As Fuel Shortages And Drone Attacks Bite
Russia is preparing to sharply reduce crude oil exports this month as mounting refinery disruptions, fuel shortages, and Ukraine’s bombing campaign force Moscow to divert more barrels into the domestic…
Iranian Official Says Hormuz to Reopen with New Toll Regime
The Strait of Hormuz will ultimately reopen but Iran and Oman will set new conditions for passage, including transit fees, Kazem Jalali, Iran’s Ambassador to Russia, told Russian daily Izvestia…
Weak Chinese Demand Forces Cuts to Iranian Crude Prices
Chinese buyers are being offered Iranian crude at discounts to Brent, compared to a premium in May, as demand from China’s independent producers has weakened in recent weeks amid soaring…
China’s LNG Imports Hit Highest Point Since Iran War Began
China’s state-controlled energy giants are buying and importing the highest volumes of liquefied natural gas since the war in Iran began as the world’s top LNG importer prepares for peak…
Escalating Strike Action at Australian LNG Sites Could Hit Supply
Workers at Australian LNG export facilities of Japanese energy firm Inpex have voted to escalate the strike action at all three sites to work stoppages of up to 8 hours…
Eurozone Fuel Sales Fall 3.5% as Iran War Sends Prices Surging
Automotive fuel sales in the Eurozone slumped by the most in two and a half years in April as drivers reduced gasoline and diesel purchases as prices jumped in the…
Brent Climbs to $94 as Houthis Target Israeli Vessels in Red Sea
The Middle East’s largest remaining oil export corridor came under renewed pressure on Monday after Yemen’s Houthis announced a complete ban on Israeli shipping in the Red Sea, risking a…
China Delays 500,000 Bpd Of Refining Capacity As Hormuz Disruptions Deepen
The disruption of Middle Eastern crude supplies through the Strait of Hormuz has forced Chinese refiners to delay or indefinitely postpone 500,000 barrels per day of refining capacity, creating one…
Israel Hits Iranian Petrochemical Plant as War Escalates
Israel hit a petrochemical plant in southwestern Iran early on Monday, the first direct energy strike on Iranian territory since the April 8 ceasefire, as hostilities in the Middle East…
New technologies firmly in sights of incoming BCGA President
By 11 min ago 2 min read Newly appointed will confront the challenges and opportunities presented by transformational technologies while developing solutions that improve the service it provides to members.…
