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U.S. Diesel Exports Hit Record High as Domestic Stockpiles Slide
Diesel fuel exports from the United States hit an all-time high last week, driven by shortages of th...
Canadian Dollar flatlines as traders watch possible US-Iran deal
The USD/CAD pair USD/CAD holds steady around 1.4015 during the early European trading hours on Thurs...
3.1%: Germany Factory Orders climb in June, beating estimates
Germany's Factory Orders rose in June, suggesting that the country’s manufacturing sector activity g...
Australia's Biggest Untapped Gas Field Just Got a Lot More Expensive
The Browse LNG project in Australia, proposed by Woodside Energy, is set to cost about $35 billion, a new report commissioned by the Australian oil and gas major showed on Monday. Woodside first propo ...
Japan Receives First Central Asian Crude Since Iran War Began
Japan is set to receive this week the first crude tanker from Central Asia since the war in Iran began, the Japanese Industry Ministry said on Monday. A tanker shipping Azerbaijani crude is expected t ...
Morgan Stanley: Oil Buffers Could Run Out Before Hormuz Reopens
Most of the market buffers that have stopped oil futures prices from rallying to record highs could vanish before the reopening of the Strait of Hormuz, which puts the market in a “race against time,” ...
China CPI Jumps as Middle East Crisis Pushes Energy Costs Higher
China's consumer inflation accelerated to 1.2% in April, topping analyst estimates, as the Middle East crisis drove a surge in energy prices. The Chinese consumer price index (CPI) rose by 1.2% last m ...
Global Coal Demand Surges as Middle East Energy Crisis Deepens
Global coal shipments and imports surged in March and April as buyers scrambled for fuel amid massively disrupted oil and gas supply from the Middle East. The trend has been accelerating in recent wee ...
China’s Car Sales Slump as Gasoline Demand Craters
Car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales ...
Modi Urges Indians to Conserve Fuel as Oil Shock Spreads
India’s Prime Minister called on the nation to work from home, travel less, and conserve fuel to help the government save foreign exchange. “In the current situation, we must place great emphasis on s ...
Oil Tankers Go Dark to Exit the Strait of Hormuz
Three supertankers laden with crude oil successfully exited the Strait of Hormuz last week, carrying Iraqi and Emirati oil, Reuters has reported, citing data from Kpler and LSEG. The vessels switched ...
Oil Prices Surge After Trump Rejects Iran Peace Offer
Oil prices spiked in early Asian trade on Monday after President Trump unequivocally rejected Iran's response to a U.S.-drafted peace proposal. At the time of writing, Brent crude was up 3.33%, tradin ...
$7 Billion In Perfectly Timed Oil Bets Sparks Insider Trading Fears
Last month, we reported that over $1 billion in "perfectly timed" wagers, spanning both traditional oil futures and digital prediction markets, accurately anticipated major military and diplomatic shi ...
China's Solar Boom Has Created a Massive Oversupply Problem
China has expanded its cleantech manufacturing capacity so much that industry players are searching for a way to decrease competition to make pricing more realistic and stop smaller producers from fal ...
Ukraine’s Drone War Is Reaching Deep Into Russia’s Oil Heartland
Russia’s Leningrad Oblast lies some 600 kilometers from the closest corner of Ukraine. But on April 15, its governor declared it a “frontline” region. Part of his explanation: From January through Mar ...