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Dow Surges Over 300 Points, Crude Oil Hits Over 3-Month Lows Amid Iran Deal Talks — Bessent Issues 60-Day Authorization For Iranian Oil Sales
The S&P 500 index gained about 0.3%, while the Nasdaq Composite edged up by 0.08%....
U.S. oil prices fall below $74 a barrel on 60-day pause on Iranian oil sanctions
Oil prices fall on hopes that more Iranian crude will hit the global market as supplies near critica...
Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher
Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave...
Indian Refiners Freeze Domestic Jet Fuel Prices
Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel prices jumped by ...
Oil Prices Rise as Israel Expands Lebanon Offensive
Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend, adding fuel to fears that the broader Middle East conflict is moving toward escalatio ...
The Iran War’s First 90 Days Upended Energy Markets
The Iran war suddenly turned what had started as a year of oversupply in global oil and LNG markets into the worst oil and gas supply disruption in history. Three months after the U.S.-Israeli strikes ...
Britain’s Nuclear Renaissance Faces Mounting Cost Pressures
The United Kingdom is focused on diversifying its energy mix away from fossil fuels to boost energy security and support decarbonisation aims. This includes expanding its nuclear power capacity with t ...
China’s Oil Buying Pause Won’t Last Forever
China has been cited as an example of a country that has managed to insulate itself relatively well against oil crises. With over a billion barrels in estimated inventories before the war in the Middl ...
America’s LNG Boom Is Real — But China Is Planning Beyond It
The Iran war has handed the United States a rare opportunity: a new dawn of energy dominance in an increasingly fractured world. With coordinated US-Israeli strikes disrupting the Strait of Hormuz fro ...
Morocco Is Emerging as a Renewable Energy Superpower
Morocco is rapidly becoming a renewable energy powerhouse thanks to its favourable weather conditions and proximity to Europe. The North African country has rapidly developed its solar energy sector a ...
Philippines Receives First Iranian Crude Cargo Since Hormuz Blockade
The Philippines has received its first cargo of Iranian crude, Reuters reported on Friday, citing tanker-tracking data from Kpler and Vortexa. A Suezmax vessel capable of carrying up to 1 million barr ...
India's Central Bank Warns Oil Shock Threatens Growth
India's economy remains resilient to the external shocks, but the oil price surge amid the global supply disruption poses near-term downside risks to economic growth and upside risks to inflation, the ...
China’s Export Prices Jump as Oil Shock Hits Factory Costs
China’s export prices saw their biggest gain in three years in April as the oil price surge filtered through the goods manufactured in the world’s biggest exporter of goods. Chinese export prices jump ...
Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase
Trans Mountain Corp. will hold another open season for the expanded pipeline that takes crude from Alberta to the western Canadian coast, Bloomberg has reported, seeking takers for 72,000 barrels dail ...
U.S. Extends Deadline for Sale of Lukoil’s Global Assets Again
The U.S. federal government has extended the deadline for talks between Lukoil and potential buyers of its foreign business by another month, until June 27, suggesting the forced divestment process is ...