The UAE has launched containment operations and environmental assessments after a tanker spill off Umm Al…
Tag: Strait of Hormuz
McKinsey: Asia Needs $1 Trillion Annual Energy Investment
Asia may need to invest up to $1 trillion annually in energy over the next 15…
China’s Independent Refiners Drive Oil Spot Prices Higher
Chinese independent refiners have bought more than 20 million barrels of crude from West Africa, Canada…
Oil Prices Surge as Iran Deploys New Tactics to Target Tankers
Oil prices rose as Iran deployed new tactics to target ships amid escalating Middle East tensions.…
EU Considers Windfall Tax on Oil and Gas Profits
The European Union is examining a bloc-wide windfall tax on oil and gas companies as soaring…
Oil Prices Rise as Saudi Attacks Raise Supply Concerns
Brent crude hits a near two-week high as attacks on Saudi Arabia raise supply concerns. Tanker…
US Natural Gas Supply Growth Set To Outpace Winter Demand
US natural gas production is forecast to average 112.5 billion cubic feet per day this winter,…
Asia’s Crude Imports Recover As Refined Fuel Supply Remains Tight
Asia’s crude imports are rising as Strait of Hormuz flows recover, but volumes remain below pre-conflict…
Rise in Oil Prices as Investors Doubt US-Iran Peace Talks
Oil prices climbed on Friday as investors questioned the chances of a breakthrough in US-Iran peace…
IEA Chief Meets Japan’s Prime Minister On Energy Security
Fatih Birol met Prime Minister Sanae Takaichi and senior Japanese officials in Tokyo to discuss global…