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Iran and Oman deal, US jobs report on deck
In the Gulf, Iran and Oman have reportedly reached an agreement to reopen the Strait of Hormuz. The ...
Eurozone Retail Sales disappoint – Broader economy still 'holding up reasonably well'
Yesterday’s Euro Area retail sales print for June was a disappointment. Sales unexpected fell by 0.3...
US Jobs Report in Focus as Middle East Tensions and Corporate News Shape Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
US stock futures traded close to unchanged on Friday as investors awaited the latest employment data...
Thailand Looks to Buy Into U.S. LNG Export Projects to Secure Supply
Thailand’s state-owned oil and gas firm PTT is in early-stage talks with developers of U.S. LNG export projects to invest in facilities and secure long-term supply, anonymous sources with knowledge of ...
Shell: Global LNG Demand to Surge 65% by 2050
Surging gas demand in South and Southeast Asia will push global LNG demand up by 65% by 2050 from 2025 levels, although growth this year has been stalled by the Strait of Hormuz crisis, Shell, the wor ...
Asia’s Crude Imports Remain Well Below Pre-War Levels
Despite a slight recovery from May, Asia’s crude oil imports remain at multi-month lows in June amid constrained Middle Eastern flows and high prices for alternative supply. Asia’s crude oil imports i ...
Morgan Stanley Cuts Brent Forecast to $75 a Barrel
Morgan Stanley has slashed its oil price forecasts for the next 18 month as it expects the reopening of the Strait of Hormuz to accelerate a new supply glut. The return of oil supply from the Middle E ...
Asian Refiners Redirect Middle East Crude to the U.S. as Hormuz Flows Recover
Some Asian refiners have recently offered Middle Eastern cargoes to the U.S. West Coast as supply from the Persian Gulf rises with the reopening of the Strait of Hormuz, while Asian buyers are well-su ...
Pakistan Pays Premium for Urgent LNG Cargo
Pakistan has bought a cargo of liquefied natural gas, paying a premium of around $1 per million British thermal units to regional spot market prices in a move highlighting the continued disruption in ...
New Report Says U.S. Led Global CO2 Emissions Growth in 2025
A report has criticized the United States for leading global carbon dioxide emissions growth in 2025, saying the country accounted for around 30% of the global increase in emissions. The rise in emiss ...
The Next Oil Rally Could Be Driven by Stockpile Buying
The war in the Middle East has cost the world over a billion barrels in cumulative supply losses. Yet luckily, China had built a reserve of about the same size before the closure of Hormuz, so it stop ...
ADNOC, Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project
Abu Dhabi’s XRG, the international investment arm of the Abu Dhabi National Oil Company (ADNOC), and Italy’s Eni S.p.A. (NYSE:E) have officially signed agreements to acquire minority stakes in three u ...
Russia Adds New Vessel To Dark Fleet Amid Arctic 2 LNG Ramp Up
Arctic Express, a newly flagged Russian LNG tanker, has picked up a cargo of liquefied natural gas from a floating storage facility used by Arctic LNG 2 project, marking the latest addition to Russia ...
Is Libya Quietly Becoming the Biggest Oil Prize the West Can’t Afford to Ignore?
At around the same time as OPEC raised its long-term oil demand forecast for the third consecutive year — now expecting global consumption to rise 19 million barrels per day (bpd), or 18%, by 2050 — L ...
Pakistan Plans to Boost LPG Imports and Mulls Cheaper Oil Supply from Iran
Pakistan will raise its imports of liquefied petroleum gas (LPG) from Iran and considers the idea of importing cheaper crude oil from the Islamic Republic, Pakistani Minister of Petroleum, Ali Pervaiz ...