Forbes Russia reported that Russian billionaires have increased their wealth 11% to a record $696.5 Billion over the last ‘year, despite the conflict in Ukraine and the toughest Western...
Canada’s pledge to contribute 23.6 million barrels of oil to the International Energy Agency’s coordinated release will add little new supply to an already tight market because the volumes...
Pakistan is tapping the spot LNG market for the first time in nearly three years as the lack of fixed-term Qatari supply has triggered a power crisis and widespread...
Phillips 66 has shipped crude oil from Texas to the U.S. East Coast on a foreign-flagged tanker, the first such cargo since Washington waived the Jones Act last month,...
United States Secretary of the Treasury Scott Bessent has said that several allies in the Gulf region and Asia have requested currency swap lines from the US to help...
The US-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least...
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.4 million barrels in the week ending April 17. In the week prior,...
The conflict between Iran, the US and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on...
India and South Korea said on Monday that they would boost their economic ties by expanding cooperation in energy, critical minerals, shipbuilding, semiconductors and steel as they seek to double their trade...
Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead. “It...