US Oil CEOs Warn Trump Administration that Energy Crisis Likely to Worsen, WSJ Reports

Chief executives of major U.S. oil companies warned official of U.S. President Donald Trump’s administration that the energy crisis triggered by the Iran war is likely to get worse, The…

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…

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…

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…

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…

China’s Sinopec to Slash Refinery Rates amid Crude Supply Shock

The top Asian refiner, China’s state-controlled Sinopec, plans to slash this month its refinery processing rates by 11-13% as crude supply is choked by the Middle East war, Reuters reported…

Alaska LNG Needs More Offtake Commitments Before Final Investment Decision, CEO Says

Energy developer Glenfarne needs to secure offtake agreements for a further 3 million metric tons of liquefied natural gas before making a final investment decision on the $44 billion Alaska…