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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...
Saudi Aramco Shuts 400,000-Bpd Refinery After Houthi Strike
Saudi Aramco shut its 400,000-barrel-per-day Jazan refinery on July 27 after a Houthi attack damaged the facility, according to an IIR note seen by Reuters. IIR said the strike damaged the refinery’s ...
Why Did Trump Just Give Saudi Arabia the Fast Track to a Nuclear Weapon?
At the beginning of Donald Trump’s first term as U.S. President in 2017, a senior White House official commented off-the-record to OilPrice.com that: “We’re not going to put up with any more crap from ...
Defense Tech Investment Hits Record High as Arms Giants Ramp Up Startup Funding
Investment in defence tech start-ups has reached a record high this year as the world’s biggest arms companies step up spending on new military technology. New figures from Dealroom show defence contr ...
Oil Prices Retreat, But the Strait of Hormuz Remains the Wild Card
Trump's latest comments cooled oil prices, but talks over ending the Strait of Hormuz blockade could prove far more consequential. Hedge Funds Pile Back into Oil as Chokepoint Risks Return - The signi ...
Escalating Protests in Libya Threaten Oil and Gas Supply
The anti-government protests in Libya over power cuts and high electricity bills over the past few days escalated on Tuesday, with protesters entering the Mellitah Oil and Gas complex and threatening ...
Red Sea Tanker Traffic Hits Multi-Month Low as Houthi Threat Holds
More than half a dozen empty supertankers are currently en route to Egypt’s Sidi Kerir port to pick up Saudi crude as the world’s top crude oil exporter is re-routing – again – its export tactics to a ...
Iran Races to Fortify Its Most Vital Oil Terminal as U.S. Threats Persist
Iran looks to accelerate infrastructure projects at its main oil export terminal at Kharg Island, amid on-and-off threats by U.S. President Donald Trump to either bomb or seize the island. The Islamic ...
Australia Eyes New Oil Refinery to Reduce Reliance on Imported Fuels
Australia’s government has launched a feasibility study for an oil refinery that, if approved, would be the first such facility to be built in the country in six decades. According to Prime Minister A ...
Saudi Arabia Weighs Higher Asia Crude Prices as Red Sea Shipping Costs Rise
Saudi Arabia may raise the price of the crude it ships to Asia via the Suez Canal, Reuters has reported, to reflect higher shipping costs due to the Houthi maritime blockade in the Red Sea. The price ...
The Next Fort Knox? Why the Army is Going All-In On Rare Earths
In 1937, the Army guarded the first shipments of a critical resource, U.S. gold, as it was transferred into Fort Knox. Nearly 90 years later, Washington faces a similar situation with a very different ...
$100 Oil Puts Big Tech’s $725 Billion AI Bet at Risk
Crude oil prices are retreating after Brent hit $100 again last week as the United States and Iran took a break from hostilities over the weekend. Yet with the outcome of the war still highly uncertai ...
Jet Fuel Spike Blows a Hole in Airline Profit Forecasts
The fresh spike in jet fuel prices in July upended the profit guidance of U.S. airlines, whose management teams had to readjust earnings estimates for the year just days ahead of reporting second-quar ...