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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...
Middle East Turmoil and the AI Boom Fuel Windfall for Mining Giants
Rio Tinto and Glencore have posted near-record updates thanks to this year’s sky-high commodity prices and the uncertainty wrought by the Middle East conflict. Mining juggernaut Rio Tinto notched a 43 ...
Indian Oil Eyes Stakes In Gas Carriers To Cut U.S. LPG Freight Costs
Indian Oil Corp. is seeking 50% ownership stakes in very large gas carriers, a first for an Indian refiner, as the company prepares to transport higher volumes of U.S. liquefied petroleum gas under In ...
Taiwan Halts $800 Million in Spot LNG Buys From Papua New Guinea
Taiwan has suspended approximately 500,000 metric tons of liquefied natural gas purchases from Papua New Guinea every six months, removing roughly $800 million of spot-market demand after Port Moresby ...
U.S. Senate Advances Sweeping Russia Sanctions Bill in 86-12 Vote
The US Senate delivered one of its strongest bipartisan endorsements of Ukraine since President Donald Trump returned to office, voting 86-12 on July 28 to advance sweeping legislation aimed at tighte ...
Oil Jumps 7% As Trump Threatens Iran Hours Before Fed Decision
Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb pushed WTI above $84 and Brent toward $90, confronting the Federal ...
World Nuclear Association: $6 Trillion Needed to Hit 2050 Capacity Goals
As nuclear energy gains momentum amid energy security concerns and spiking power demand, global annual investment is seriously lagging the spending needed to reach the current capacity expansion goals ...
Eni Increases 2026 Buybacks as Production Growth Accelerates
Eni (E:NYSE) is raising its share buyback program for the year after reporting on Wednesday consensus-beating earnings for the second quarter on the back of higher oil and gas prices and a jump in ups ...
U.S.-Saudi Consortium Plans $5 Billion Gulf Refinery Outside Hormuz
A consortium of U.S. and Saudi companies is set to build a new refinery in the Persian Gulf despite the current situation in the region. The facility will have a price tag of $5 billion and a capacity ...
Oil Prices Surge on Fresh Middle East Strikes and API Crude Draw
Oil prices spiked in early Asian trade on Wednesday, erasing a significant portion of Tuesday's selloff on the back of renewed hostilities in the Middle East and a bullish U.S. inventory report from t ...
Refined Fuels, Not Crude, Are Driving the Oil Market Crunch
Oil prices have just come off a fresh two-month high as the crude oil market has tumbled this week amid signals of de-escalation in the U.S.-Iran conflict. Despite the slump in crude prices and the ex ...
US Crude Oil Inventories Build Again Despite Hormuz Disruption
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 3.296 million barrels in the week ending July 24. In the week prior, US crude oil inventories g ...
New Solar Cell Design Solves A Problem That's Plagued Panels for Decades
Solar power is far and away the cheapest form of new energy to install in nearly every context around the world. Even in the United States, where the cost of solar additions has jumped up 18 percent s ...