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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...
- 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...
- Oil heads for second weekly loss as supply concerns weighOil prices saw a slight increase on Friday, breaking a three-day slump. Concerns over excess supply and weakening demand in the United Stat...
- Oil rises on modest OPEC+ output hike, Russia supply concernEight members of the Organization of the Petroleum Exporting Countries and allies agreed on Sunday to raise production from October by 137,...
- 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...
- US attorney behind Adani's bribery charges, Breon Peace, to resign as Trump returnsBrooklyn US Attorney Breon Peace, appointed by President Biden, will step down on January 10. His tenure saw high-profile convictions, incl...
- 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...
- Extreme heat fast becoming a threat to global fuel securityAs the world makes its efforts to lessen its dependency on fossil fuels, the rise in weather-driven refinery disruptions focuses on the sur...
- 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...
- India set to get more channels to buy cheap Russian oil as new traders muscle inState-run refiners such as Indian Oil Corp. are warming to the idea of buying from the lesser-known traders. Refinery officials said they’v...
- 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 ...
- 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.
- The World’s on the brink of running out of places to store oilAs per IHS Markit, producers will be forced to cut output because by June there’ll be no place to store crude.
- 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.
- Opec's easy win masks tough oil market choices still to comeThe cuts have allowed the US shale producers to lock in margins and plan new investments.
- 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.
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