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News
Gulf-to-China Supertanker Rates Hit $510,000 a Day
3+ min ago (423+ words) China is deepening its economic… U.S. copper imports hit a… The daily rate for chartering a supertanker to pick up crude oil from within the Persian Gulf and deliver it to China has surged this week to the highest level…...
Tankers U-Turn at Hormuz as Iran Tightens Its Grip
1+ hour, 11+ min ago (426+ words) Hormuz tensions are flaring again… China is turning to the… Tanker traffic at the Strait of Hormuz has become even more erratic than before, with vessels meandering and U-turning, unsure how to proceed amid escalating security threats and Iran’s insistence…...
Pakistan's Power Generation Costs Jump 38% on Record Spot LNG Buys
2+ hour, 14+ min ago (446+ words) Diesel prices are surging as… Hormuz tensions are flaring again… Power generation costs in Pakistan surged by 38% in July from a year earlier as the country paid the highest spot LNG prices in four years amid the supply disruption from…...
Brent Tops $91 After Unidentified Projectile Hits Vessel Transiting Hormuz
4+ hour, 42+ min ago (411+ words) The squeeze is showing up… War and extreme drought are… A cargo vessel was struck by an unknown projectile in the Strait of Hormuz early on Tuesday local time as risks of additional escalation in the region pushed Brent Crude…...
China Boosts Fuel Exports as Domestic Stockpiles Swell
5+ hour, 42+ min ago (289+ words) The private businesses tracking the… The longer-than-expected closure of the… China exported 6.7% more fuel last month than it did in June, although on an annual basis fuel exports dropped by 12.9%, Reuters reported today, citing Chinese customs data. In absolute terms,…...
Libya Seeks Up to $40 Billion to Boost Oil Output to 2 Million Bpd
6+ hour, 23+ min ago (296+ words) Prime Minister Andy Burnham faces… MIT researchers unveil an economic… Libya needs between $36 billion and $40 billion in foreign investment to expand its oil industry and raise output to 2 million barrels daily by the early 2030s, the Financial Times has reported, citing…...
North America???s Only Cesium Project Moves Closer to Production
13+ hour, 36+ min ago (1447+ words) Russia Receives First Gasoline Cargo From India as Fuel Shortages Spread U.S. electricity demand is set… Eight major oil companies earned… Rystad Energy: only a rare,… Power Metals is advancing what it describes as North America’s only cesium project at a…...
U.S. Shale Majors Cut Spending Despite Higher Oil Prices
14+ hour, 49+ min ago (317+ words) Russia Receives First Gasoline Cargo From India as Fuel Shortages Spread The squeeze is showing up… Brent is set for an… U.S. oil companies dominating the shale patch are planning to trim their spending plans and instead take advantage…...
Automation Could Start Eating Into U.S. Diesel Demand
15+ hour, 48+ min ago (661+ words) Russia Receives First Gasoline Cargo From India as Fuel Shortages Spread Eight major oil companies earned… Small-business adoption of AI is… Rystad Energy: only a rare,… The rise of automation, AI, and electric trucks can fundamentally change the freight transportation…...
Why Libya???s Next Oil Pipeline Could Be a Geopolitical Game-Changer
16+ hour, 45+ min ago (291+ words) Russia Receives First Gasoline Cargo From India as Fuel Shortages Spread Pemex’s refining recovery is losing… Trump is considering extending the… Assessment – August 2026 Tobruk/El-Hariga area – Egyptian border – Matrouh corridor – Alexandria BWS realistic CAPEX range Not yet officially fixed BWS…...