News
The Power Vacuum Creating New Trade Routes Across Eurasia
31+ min ago (570+ words) Iraq Shuts Down Khor Mor Gas Field Amid Security Threats Kazakhstan tightens border checks and… PJM's power auction fell 6.8… Florida startup AMPERA 3D-printed a… The results of Armenia’s parliamentary election in June dealt Russia’s bid to reassert its grip on…...
India Is Becoming the World's Refining Swing Producer
31+ min ago (570+ words) Iraq Shuts Down Khor Mor Gas Field Amid Security Threats Iraq and Turkey reached a… Future demand could surprise to… A 200,000–300,000 b/d discovery could… India is emerging as the world's new "swing supplier" of refined fuels, rapidly redirecting diesel,…...
Could Somalia See The World's Next Major Oil Discovery?
2+ hour, 29+ min ago (282+ words) China’s Critical Minerals Grip Puts $6.5 Trillion of Global Industry at Risk American oil output and exports… Major oil companies including Shell,… The end of the U.S.… Gas would be harder. Somalia has no meaningful domestic gas market, no offshore…...
The Undisputed Global Oil Superpower
3+ hour, 35+ min ago (1355+ words) China’s Critical Minerals Grip Puts $6.5 Trillion of Global Industry at Risk China is rapidly expanding its… Venezuela's oil production recovery is… The newly released 2026 Statistical Review of World Energy reinforces a point that sometimes gets lost in political discussions about…...
Pakistan Pays Highest Spot LNG Price in Four Years as Qatar Supply Falters
6+ hour, 6+ min ago (442+ words) State-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on the spot market in four years as the recent re-escalation of the Hormuz crisis cut off cargoes from its term supplier, Qatar. The state-owned Pakistani…...
TotalEnergies Sees Stronger Q2 Profit as Refining and Oil Trading Surge
6+ hour, 31+ min ago (471+ words) PJM's power auction fell 6.8… New reports show U.S. permitting… TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose and…...
India Urges Shipowners to Avoid Deploying Nationals on Hormuz Voyages
7+ hour, 43+ min ago (453+ words) With Hormuz closed and rate… Exelon's CEO warns the U.S.… India has advised ship owners and managers to avoid hiring Indian nationals on vessels they plan to send through the Strait of Hormuz, as attacks on commercial vessels have intensified…...
India Hikes Diesel and Jet Fuel Export Tax
9+ hour ago (478+ words) Major oil companies including Shell,… A UK High Court ruling… India has hiked the export duties it will be charging on exports of diesel and jet fuel for the two weeks starting July 16, as the return of the Hormuz crisis…...
IEA Warns World Has Just Weeks to Avoid Hormuz Economic Shock
9+ hour, 59+ min ago (410+ words) Refining margins have surged to… China has launched the world's… The world has just a few weeks before taking an economic toll from the re-escalation in the Middle East and the new halt to tanker traffic through the Strait of…...
U.S. Strikes Iran-Linked Tanker Near Kharg Island
11+ hour, 47+ min ago (479+ words) A proposed 20% U.S. toll… The biggest threat is no… U.S. forces have struck and disabled an Iran-linked sanctioned oil tanker near Iran’s key export terminal, Kharg Island, deep in the Persian Gulf, the U.S. Central Command (CENTCOM) said early…...