Asian Refiners Turn to Argentina as Iran War Disrupts Oil Supply
Asian crude oil importers, including China, Japan, and South Korea, have turned to buying oil from as far as Argentina to offset supply losses from the Middle East, anonymous traders…
Goldman Sachs Sees Diesel Refining Margins Soaring to $63 a Barrel
Refiners are set to reap stronger profits on the global diesel shortage, Goldman Sachs has said, revising its earlier profit forecast to double the total profits that refining companies would…
Trump Says Venezuelan Oil Will Refill U.S. Strategic Petroleum Reserve
The United States will use Venezuelan crude to refill the Strategic Petroleum Reserve, President Donald Trump said on Sunday on social media. Describing the move as a “Gift from Venezuela…
Trump Announces ‘Biggest Oil Deal in World History’
In a statement posted on his Truth Social page late Friday, U.S. President Donald Trump announced that the U.S. had “just entered into an Agreement with the Country of Venezuela…
Global Specialty Gas Supply Chain Outlook – H1 2026
Specialty Gas Supply Chain Outlook – H1 2026 By 57 min ago 1 min read The Specialty Gas Outlook Report – H1 2026 examines industry confidence in the ability of…
Venezuela Helped Build OPEC. Now It May Help Break It Apart
Venezuela helped create OPEC. More than six decades later, it is considering walking away, and Washington appears perfectly happy to hold open the door. Caracas is weighing whether to leave…
The Iran War Has Turned VLCCs Into $650,000-a-Day Assets
More Gulf oil is moving again. Getting it out now costs a fortune. Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000 per day on Thursday,…
Gas Prices in Asia and Europe Jump as Qatar Extends LNG Force Majeure
Natural gas prices in Asia and Europe jumped on Friday as the market digested reports that Qatar has extended the force majeure on its LNG deliveries into November amid still…
Trump says Venezuelan oil will be used to refill U.S. Strategic Petroleum Reserve
(Bloomberg) – The U.S. plans to use its newfound assertion of control over billions of barrels of Venezuelan crude oil to refill the nation’s depleted emergency reserve, President Donald Trump…
Ukraine Drones Spark Fire at Russian Refinery as Fuel Crisis Worsens
Ukraine’s forces struck the Slavneft-YANOS oil refinery in Yaroslavl, Russia, early on Friday, with drones causing a fire at the facility, the Ukrainian General Staff said, as Ukraine continues to…
