India’s Top Bank Avoids Russian Oil Payments Despite U.S. Sanctions Waiver

State Bank of India, the largest lender in the country, continues to shun processing payments for purchases of Russian oil despite the temporary U.S. waiver for India to buy Russia’s…

Oil Shock Lifts EIA Price Outlook as Hormuz Crisis Reshapes Forecast

The U.S. Energy Information Administration sharply revised its oil price outlook in its latest Short-Term Energy Outlook (STEO) based on the growing impact of the Middle East conflict and the…

GPS Jamming Chaos Grips Vital Oil Chokepoint

Clusters containing dozens of vessels each appear to signal positions in and around the Strait of Hormuz, suggesting that electronic interference and GPS jamming have soared at the critical oil…

Gulf Producers Slash Oil Output by 5 Million Bpd

The largest oil producers in the Middle East Gulf have deepened production cuts and are already lowering output by a combined more than 5 million barrels per day (bpd) as…

Aramco Warns of Catastrophic Consequences from Hormuz Crisis

The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according to Saudi Aramco, the world’s top crude exporter and biggest oil firm. …

Trump’s Clean Energy ‘Assault’ Sinks Solar Installation Numbers

While solar capacity additions remained the top U.S. source of new power for the fifth consecutive year in 2025, installations slumped by 14% last year, as the Trump Administration’s assault…

Europe and Asia Battle for Critical Spot LNG Supply

Asia is struggling to obtain spot LNG cargoes for emergency supply this month as the halt to Qatar’s exports tightened the market and reignited competition with Europe for promptly available…