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The billion-barrel Hormuz oil shock is about to crash demandThe closure of the Strait of Hormuz is wreaking havoc on global oil supplies. Experts are cautioning that as stockpiles dwindle, demand is ...- A panicked race for barrels grips global oil market, price up as much as $140Global oil markets are witnessing a severe physical crude shortage as Middle East disruptions trigger frantic buying and record premiums fo...
- A panicked race for barrels grips the global oil marketA desperate scramble for immediately available oil supplies is occurring globally, with traders paying unprecedented prices for prompt carg...
- US lends oil companies 45.2 mln barrels from reserve, first batch of Iran warAmerica is releasing oil from its Strategic Petroleum Reserve to manage rising prices. The government has lent over 45 million barrels to o...
- Bangladesh secures spot LNG cargoes as Mideast conflict lifts costsAmidst the backdrop of global tensions, Bangladesh is taking proactive steps to fortify its energy infrastructure. The country has strategi...
- Crude recovers late in session on hopes over US-Hungary meetingCrude prices recovered Friday as hopes emerged that Hungary could utilize Russian oil following a meeting between President Trump and Prime...
- India's oil-demand growth set to outpace China, says Trafigura GroupIndia's oil demand is expected to surpass China's this year. This excludes China's strategic stockpiling. Urbanization and rising incomes a...
- New sanctions on Russian oil buyers to disrupt flows, says trader GunvorNew sanctions targeting buyers of Russian oil could significantly disrupt crude flows, according to Gunvor's Frederic Lasserre. President T...
- India boosts US oil purchases on competitive prices, narrows trade deficitIndian refiners are increasing U.S. crude oil purchases this month due to competitive prices, potentially reducing the trade deficit amid U...
- US crude exports to India hit over 2-yr high in Feb as Russia sanctions biteU.S. crude oil exports to India surged to their highest level in over two years, reaching about 357,000 barrels per day in February. This i...
- World's biggest energy trading firms are returning to metalsThe shift comes as forecasters turn increasingly bullish on copper, aluminum and other metals, where long-anticipated production shortfalls...
- Top oil traders see steady demand despite economic headwindsThe falling oil prices and months of severe volatility have spooked the market, with major consumer countries still tapping strategic stock...
- Europe's oil plan plunges Pakistan into darkness; Imran Khan amplifying citizens’ anger on inflationA decade ago, Paksitan took specific steps to insulate itself from the kinds of violent price spikes that are roiling the market today. It ...
- Major buyers of Russian oil struggle with bank guarantees: Sources"Banks are not willing to open LC’s for the moment so it is a bit of a standoff," one of the sources said. He asked not to be named due to ...
- Lost in oil’s rally: $2 trillion-a-year refining industry crisisWhat happens to the oil refining industry will have ripple effects across rest of the energy industry.
- Oil traders made billions in 2019 as conflict shook the marketConsensus is that the industry benefited from a lucky mix of factors in the oil market.
- Forgers are forcing a $9 trillion business into the digital ageCyber-crime is also an increasing threat as fraudsters become more sophisticated, according to Collins at TradeCloud, which uses blockchain...
- Playing gas firms off each other saved Pakistan $600 millionThe maneuvering by Pak came after 2 yrs of negotiations hit an impasse as Qatar refused to lower its offer price.
- US LNG contracts swap to help GAIL avoid a big hitCredit Suisse in a note released last August said that GAIL might have to bear an annual loss of $300 million due to the US LNG contracts.
- Reliance Industries January Naphtha exports down by half vs DecemberReliance Industries has sold 35,000 tonnes of naphtha for end-January loading from Sikka to oil major Shell.
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