Two Russian Cargoes Offer Temporary Relief for Cuba’s Energy Emergency

Cuba is set to soon receive two Russian cargoes of crude and diesel amid the U.S. energy blockade that has caused an unprecedented power crisis in the country.   The shipments…

European Gas Price Set for 20% Weekly Jump on Qatar’s LNG Outage

Europe’s benchmark natural gas prices soared this week after Qatar’s key LNG hub sustained extensive damage in Iranian missile attacks, with European gas prices on track for a 20% weekly…

Oil Up Despite Efforts by US, Allies to Boost Supply and Open Strait of Hormuz

Summary European nations, Japan willing to help secure Strait of Hormuz US weighs further SPR release Kuwait said oil refinery attacked overnight (Reuters) – Oil prices gained on Friday despite…

Japan May Stockpile US Oil Domestically, PM Says

Japan may start stockpiling U.S. oil domestically, Prime Minister Sanae Takaichi said during her visit to the United States, as it looks to diversify procurement and strengthen energy security. Before…

Oil Prices Slide as Netanyahu Signals Iran War Could End Soon

Oil prices pulled back sharply on Friday, reversing part of the previous session’s surge, after Israeli Prime Minister Benjamin Netanyahu suggested the Iran war could end sooner than expected. At…

Oil Prices Edge Lower but Remain Poised to End the Week Higher

Crude oil prices inched down at the end of the week but are still on course to end it with gains as the disruption to exports from the Middle East…

Japan Weighs Stockpiling U.S. Crude to Strengthen Energy Security

Japan is considering stockpiling U.S. crude oil to boost its energy security, Reuters has reported, citing Prime Minister Sanae Takaichi during her visit to Washington. “I also conveyed to President…