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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 Nonfarm Payrolls expected to rise by 80K in July
The United States (US) Bureau of Labor Statistics (BLS) is set to release the Nonfarm Payrolls (NFP)...
Pakistan LNG Seeks Emergency Cargo After Weekend Hormuz Flare-Up
Pakistan’s state LNG importer is urgently seeking to procure an LNG cargo for delivery this week, with offers due on June 29, as traffic through the Strait of Hormuz remains volatile amid persistent t ...
Oil Prices Climb as U.S.-Iran Flare-Up Shakes Market Complacency
Oil prices were climbing early on Monday morning after a fresh escalation between the U.S. and Iran over the weekend. The price rise was relatively delayed, as markets continue to price in a potential ...
Middle East Oil Production Rebounds to 15 Million Bpd
Crude oil production in the Middle East rebounded to between 14.6 million bpd and 15 million bpd earlier this month amid the ceasefire between Iran and the United States, the Financial Express reporte ...
China’s LNG Buying Rebounds as Summer Power Demand Surges
China’s imports of liquefied natural gas this month are likely to be unchanged on last year’s, Kpler has forecast, seeing arrivals of a total of 5.29 million tons, as cited by Bloomberg. The June tota ...
Australian Gas Exploration Surges as Energy Security Takes Center Stage
Investment in natural gas exploration in Australia hit the highest in ten years amid the energy crunch caused by the war in the Middle East, totaling the equivalent of $329 million in the first quarte ...
Oil Markets Are Pricing A Supply Surge That Isn’t Guaranteed
Crude oil prices are in freefall after the United States and Iran agreed on a ceasefire, set to last 60 days. Traders expect the ceasefire to unleash an avalanche of crude, and indeed, tankers are lea ...
The World's Biggest Energy Bet Is No Longer on Fossil Fuels
For years, critics of the energy transition have made essentially the same argument. Renewable energy was supposedly too expensive, too dependent on subsidies, too intermittent, and too vulnerable to ...
China Eyes a Major Opportunity in Post-War Iran
Beijing is positioning itself to lead the post-war reconstruction effort in Tehran - a move analysts suggest could secure China long-term access to critical Iranian oil reserves. The diplomatic ground ...
Egypt Targets 60% Renewable Electricity by 2040
Egypt has steadily been increasing its renewable energy capacity and has even bigger plans for the coming decade. While Egypt continues to rely heavily on fossil fuels, that could soon change thanks t ...
One of Texas' Oldest Oil Plays Is Running Dry
The Eagle Ford shale play has shown remarkably consistent crude oil production and rising natural gas output in recent years. A formation beneath the Eagle Ford has been producing for nearly a century ...
China Is Quietly Winning the Clean Energy Trade War
China’s clean energy dominance is growing. Buoyed by the skyrocketing energy needs and future projected demands of the artificial intelligence boom, clean energy projects are getting greenlit at a bre ...
The AI Power Crisis Is Creating a Massive New Market for Fuel Cells
Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and analysis projects a tenfold increase in fuel cell ...