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Moscow Refinery May Stay Offline Until 2027
The Moscow Oil Refinery is highly unlikely to resume production before 2027 after suffering extensiv...
Leading investment bank tells investors to prepare for every scenario as policy uncertainty lingers
UBS is urging investors to build portfolios that can withstand a range of outcomes, arguing that pre...
United States EIA Crude Oil Stocks Change came in at -6.088M, below expectations (-5.1M) in June 19
United States EIA Crude Oil Stocks Change came in at -6.088M, below expectations (-5.1M) in June 19...
What Hormuz Is Teaching Traders About Utilities
Oil traders have spent months obsessing over tanker movements, shipping insurance costs and the fate of crude cargoes attempting to navigate the Strait of Hormuz. But now, some of that attention will ...
New Shareholder Elliott Pushes for Sale of Australia’s Top Gold Miner
Hedge fund Elliott Investment Management, which has built up a stake in Australia’s biggest gold miner, Northern Star Resources Ltd, is calling for a strategic review of the future value creation, inc ...
Gold Seesaws on Ceasefire Headlines as NFP, Rate Hike Fears Loom
Gold steadied and clawed back earlier losses Monday, trading up 1.08% to $4,525.34 per ounce as diplomatic signals out of the Middle East offered tentative relief, even as the broader picture remained ...
China Eases Order for Teapot Refiners to Keep Fuel Output High
China has allowed some independent refiners to reduce processing rates amid mounting losses as Chinese crude and fuel stockpiles remain comfortably high despite the Middle East crisis. In the early we ...
Russia Weighs $50 Million Plan to Influence Armenia’s Election
Russia has mulled an extraordinary measure of exporting humans to Armenia in an effort to undermine Prime Minister Nikol Pashinyan’s chances of retaining power in the fast-approaching parliamentary el ...
Ceasefire Uncertainty Remains the Biggest Driver for Oil Markets
Iran is reviewing the latest U.S. ceasefire proposal, raising hopes of a truce extension and tempering oil prices as traders weigh the risk of renewed Middle East disruptions. Ukraine’s Refinery War G ...
Iraq, UAE, Saudi Arabia All Set for Major Oil Output Surge in 2027
Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year's shut-ins due to the Iran war and the closed Strait of ...
IEA: Global Oil Stocks on Track for Historical Lows Ahead of Summer Peak
The International Energy Agency (IEA) has warned that global oil markets could enter a "red zone" in July and August as rapidly depleting crude inventories coincide with the onset of peak summer fuel ...
EU Backs Sanctions Relief Path If Iran Accepts Strict Conditions
Any temporary peace agreement between the United States and Iran must be followed by deeper talks about Tehran’s nuclear stockpiles, missiles, and other critical issues, European Union foreign policy ...
HSBC Flags a Super-Squeeze In the Oil Market
The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets, which could lead to sharp price spikes, analysts at HSBC say. Prices have rallied in recent ...
China Solar Makers Launch Space Energy Development Alliance
China’s solar manufacturing industry on Tuesday launched a so-called Space Energy Development Alliance as the Chinese solar sector looks to conquering new frontiers amid oversupply at home. At this ye ...
Venezuela Oil Exports Hit 7-Year High
Venezuela’s oil exports inched up from April to hit a fresh seven-year high in May as shipments to the United States and India continued to rise. Venezuela exported an estimated 1.25 million barrels p ...