Pakistan Races for Emergency LNG as Strait of Hormuz Traffic Stalls
Pakistan is on track to procure the most LNG cargoes on the spot market since the Iran war began as the re-escalation in the Strait of Hormuz threatens to disrupt…
Iran Says It Will Continue Exporting Oil Despite Canceled U.S. Waiver
Iran continues to export its oil despite last week’s cancellation of the U.S. waiver of its oil sales, Iranian Oil Minister, Mohsen Paknejad, said on Tuesday, as Tehran remains defiant…
Asian Oil Importers Pivot to U.S. Supplies as Hormuz Risks Intensify
Asian buyers are back to negotiating spot cargoes of U.S. crude oil after the expected recovery of flows through the Strait of Hormuz ground to a halt early this week…
EU approves €659m German state aid for four semiconductor facilities
By 11 min ago 2 min read The European Commission has approved €659m ($754m) in direct grants through German state aid to develop four first-of-a-kind semiconductor facilities and strengthen the…
Blue Star completes early Pinyon Canyon commissioning
By 30 min ago 2 min read Exploration firm Blue Star Helium has completed the early production commissioning and optimisation phase at its Pinon Canyon plant in Las Animas County,…
China Cuts Saudi Crude Orders as Hormuz Risks and Discounts Reshape Trade
Some Chinese refiners have not nominated term crude cargoes from Saudi Arabia for August, while others have not been allocated any term supply for next month, as weak demand in…
Iran Sneaks 12 Million Barrels Past Renewed U.S. Oil Blockade
Iran is estimated to have sneaked supertankers with a total of 12 million barrels of crude oil in the week between the end of the U.S. waiver on Iranian oil…
China’s Crude Oil Imports Crash to Decade Low as Hormuz Crisis Bites
China’s crude oil imports crashed to a decade-low in June as the reduced flows through the Strait of Hormuz hiked oil prices and reduced refiners’ appetite for costly crude. Overall…
Oil Prices Have Jumped 12% Since Friday as War Risks Return
Oil prices extended Monday’s surge into Asian trade on Tuesday, with Brent Crude prices hitting a one-month high, as the renewed war risk premium crashed the calmer trade of the…
OPEC Cuts Demand Forecast Again as the Oil Market Starts Looking Past Hormuz
OPEC has trimmed its 2026 global oil demand growth forecast for the third straight month, even as crude production rebounds across the Gulf and tanker traffic slowly returns to the…
