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U.S. Diesel Exports Hit Record High as Domestic Stockpiles Slide
Diesel fuel exports from the United States hit an all-time high last week, driven by shortages of th...
Canadian Dollar flatlines as traders watch possible US-Iran deal
The USD/CAD pair USD/CAD holds steady around 1.4015 during the early European trading hours on Thurs...
U.S. Strikes Iran Again as Brent Slips Despite Escalating Conflict
The oil market is treating another US-Iran escalation as background noise. The U.S. launched another wave of strikes against Iran on Wednesday, expanding attacks on military targets along the country' ...
World-First Floating Wind Technology to Help Power Oil Rigs
It’s not often that wind power and oil and gas are mentioned in the same breath. The rare occasion concerns a new type of offshore wind turbine launched in China that will power the extraction of foss ...
Five Ways China Is Shielding Itself as the Hormuz Cease-Fire Collapses
The U.S.-Iran cease-fire that was supposed to reopen the Strait of Hormuz for good is falling apart. American forces reimposed a naval blockade on Iranian ports this week and hit dozens of targets al ...
Engie Brasil Raises $1.7B In Latest Share Offering
Brazil’s largest private electricity producer, Engie Brasil, has successfully raised 8.4 billion reais ($1.66 billion) at a price of 30.50 reais per share in a follow-on share offering, in one of the ...
PJM Auction Comes Up 6.8 Gigawatts Short As Data Centers Devour Power
The largest US power grid failed for a third straight year to secure enough future supply commitments to ensure reliability for the future amid a historic boom in data center demand. PJM Interconnecti ...
U.S. Crude Inventories Fall 1.7 Million Barrels As Iran Tensions Rattle Markets
Crude oil inventories in the United States saw a decrease of 1.7 million barrels during the week ending July 10, according to new data from the U.S. Energy Information Administration (EIA) released on ...
New U.S. Sanctions Bill Targets Russia's Oil Exports and Shadow Fleet
A bipartisan group of US senators on July 14 introduced the Sanctioning Russia Act of 2026, unveiling a revised package of sanctions and tariffs aimed at squeezing Moscow's war finances while seeking ...
Ukraine Intensifies Attacks on Russian Tankers in the Black Sea
After striking 116 vessels linked to Russia’s shadow fleet in the Sea of Azov in recent weeks, Ukraine’s military is turning its sights on ships in the Black Sea, hitting in drone attacks as many as 2 ...
China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse
Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply disruptions and weakening domestic fuel demand. China’s refi ...
US Crude Oil, Gasoline Inventories Still Falling
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 564,000 barrels in the week ending July 10. In the week prior, US crude oil inventories fell by ...
Azerbaijan Accelerates Middle Corridor Push With Central Asia Trade Deals
Azerbaijan is working hard this summer to build bridges across the Caspian Sea, announcing a variety of projects to expand Middle Corridor trade with Central Asian states. In late June, Azerbaijan and ...
China Cuts Saudi Crude Orders as Hormuz Risks and Discounts Reshape Trade
Some Chinese refiners have not nominated term crude cargoes from Saudi Arabia for August, while others have not been allocated any term supply for next month, as weak demand in China, competition from ...