Argentina’s State Oil Firm Dodges $16B Payout

Argentina no longer faces a $16.1 billion court-ordered payment tied to the 2012 nationalization of state-owned oil company YPF. A U.S. appeals court overturned the 2023 judgment that had awarded…

Oil Climbs on Fears of Multi-Front Supply Shock

Oil prices had another volatile start to the week before breaking out due to a combination of military escalation and diplomatic breakdown. At the time of writing, after climbing to…

Oil Set to Book Record Monthly Gain on Iran Crisis

Oil prices are about to log their biggest monthly rise on record following Houthi attacks on Israel and President Trump’s statement that he wants to take Iran’s oil. The international…

Russia Warns of Force Majeure on Oil Cargoes After Port Disruptions

Russia’s oil exporters are warning buyers that cargoes from its key Baltic ports may not be delivered at all. Russian producers are now saying they may declare force majeure on…

Trump Claims Iran Yielded to US War Demands

President Donald Trump said that Iran “gave” the US most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is…