Stories tagged “Global Energy Market.”
16 stories
Oil prices rose on Monday as expectations of a breakthrough in US-Iran peace talks weakened and tanker traffic through the Strait of Hormuz slowed, increasing concerns over potential disruptions to global crude supplies.
Why a Record-Strength El Niño Still Might Not Save Europe's Gas Market
A record-strength El Niño may not be enough to save Europe's gas market due to various factors, including supply chain disruptions and geopolitical tensions.
Iran has said that negotiations with Oman over new shipping arrangements in the Strait of Hormuz have reached their final stages, raising hopes that commercial maritime traffic through the strategically important waterway could gradually resume.
Ukraine’s Drone Campaign Drives Russian Oil Refining to 24-Year Low
Ukraine's drone campaign has driven Russian oil refining to a 24-year low, with the country's oil production plummeting due to the ongoing conflict. The decline in oil production has resulted in a significant decrease in Russian oil refining, with the country's oil refine…
India’s Imports of Russian Crude Hit New High in July
India's imports of Russian crude oil hit a new high in July, according to data from the Russian Federal Customs Service. The country's imports of Russian crude oil have been increasing steadily over the past few months, driven by the growing demand for energy in India.
Oil prices dropped sharply after US President Donald Trump paused further action against Iran and opened the door for negotiations, easing fears of a prolonged regional crisis and potential disruptions through the strategically important Strait of Hormuz.
Ukraine’s Drone War Is Choking Kazakhstan’s Oil Exports
Ukraine's drone war is disrupting Kazakhstan's oil exports, causing a significant increase in costs and logistical challenges for the country. The conflict has led to a surge in oil prices, with Brent crude reaching a 12-year high. Kazakhstan's oil industry is heavily rel…
US Oil, Product Inventories See Builds Across the Board
US oil and product inventories have seen builds across the board, with crude oil inventories increasing by 2.4 million barrels, gasoline inventories rising by 1.4 million barrels, and distillate inventories increasing by 1.2 million barrels.
International oil companies operating in Iraq's Kurdistan Region have paused production due to escalating violence between Iran and the United States. The decision follows the deaths of two US service members in an Iranian attack on Jordan.
Japan is set to receive its first shipment of Mexican crude oil since the start of the Iran-U.S. war. The tanker carrying the oil is expected to arrive in Japan as early as Friday.
Trump’s Hormuz Toll Could Upend Global Energy Trade
The Strait of Hormuz, a critical oil shipping route, has seen a significant decrease in tanker traffic due to ongoing tensions between the US and Iran. This has led to concerns about the potential impact on global energy trade.
UAE Oil Output Hits All-Time High, Doubling Pre-Crisis Levels
The UAE has achieved an all-time high in oil output, doubling pre-crisis levels. This significant increase is a testament to the country's efforts to boost its energy production.
India’s Russian Oil Boom Outlives the Hormuz Shock
India's oil imports from Russia have continued to grow despite the Hormuz shock. The country's Russian oil boom has outlived the initial shock.
Qatar Offers First Crude Loadings to Buyers Since War Began
Qatar has offered its first crude loadings to buyers since the war began, marking a significant development in the global oil market. The move is expected to help stabilize oil prices and meet growing demand.
Qatar Says LNG Exports Could Return to Normal Within Weeks
Qatar's LNG exports could return to normal within weeks, following a recent explosion at the Ras Laffan LNG facility. The country is working to restore exports despite the setback.
US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks
US crude oil inventories have decreased by 52 million barrels in 9 weeks. Oil prices have fallen due to diplomatic efforts between the US and Iran.