Oil Prices Rise 2% to One-Month High as US-Iran Attacks Deepen Supply Disruption

Trump dropped planned Hormuz security fee, favoring Gulf investment deals instead Record diesel refining margins widened after Ukrainian attacks curbed Russian fuel exports Analysts estimated US firms drew 2.7 million…

US Drivers May Soon See Pump Prices Climb Back Up to $4

By National average pump price $3.84/gallon, up 9.8 cents in a week Gasoline prices surged along with crude after truce collapsed Fewest tankers in two months transit the Strait of…

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…

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…

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…

Oil Jumps Above $87 as Russia-Ukraine Black Sea Attacks Escalate

A Russian drone strike on a commercial vessel in Ukraine’s Odesa region has killed five seafarers and injured 12 others in one of the deadliest single strikes on commercial shipping…

U.S. Gasoline Prices Rise for First Time Since May as Iran Ceasefire Collapses

U.S. gasoline prices have increased for the first time since May, with the sudden reversal directly tied to the collapse of the tentative ceasefire between the U.S. and Iran. According…

Newcleo sets out plan for US licensing of reactor

The company said the Regulatory Engagement Plan (REP) sets out the proposed framework for its pre-application engagement with NRC staff in support of the future licensing of the LFR-AS-200. It…

In pictures: Final core catcher shipped to Leningrad units

The journey took 16 days, with it passing through the River Volga, Lake Beloye, Lake Onega, and Lake Ladoga, the River Neva, and the Gulf of Finland. (Image: Rosatom) After…

Serbia preparing for next steps towards new nuclear

There was a need for at least 18 more studies to cover topics such as regulatory and legislative frameworks, environmental protection, human resource capacity building, and supply chains, the Energy…