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…

Emergency Stockpile Oil Coming Soon to Iran-Wracked Markets, IEA Says

More than 400 million barrels of oil from International Energy Agency emergency reserves will begin flowing soon, the agency said in its most detailed account of the rollout of the…

French ministerial council reiterates need for nuclear revival

At a 12 March meeting of the Nuclear Policy Council (CPN) at the Penly nuclear power plant site in northern France, the council took note of the progress made in…