ADNOC's eighth spot tender since June shows the UAE ramping up crude exports outside OPEC despite Hormuz shipping risks.
China’s independent refiners are expected to increase purchases of Iranian crude as Shandong inventories shrink sharply ...
Russia’s seaborne crude exports fell to their lowest level since May as recovering refinery runs pulled barrels back into domestic processing and attacks disrupted loading at key ports.
Ukraine’s military claimed another drone attack on an oil refinery in Russia in the early hours on Tuesday as Ukrainian forces continue to target Russia’s energy producing and exporting infrastructure ...
Hormuz tensions are flaring again as Iranian exports collapse, pushing Brent toward $87 and raising the risk of another run toward $100.
IEA data show average diesel prices across tracked economies are still about 14% above pre-war levels, even after crude retreated from its spring peak near $120 a barrel. Germany's diesel and gasoline ...
The deal provides crucial relief but remains fragile, with Baghdad and Ankara still divided over the Kurdistan Region’s ...
Europe is especially vulnerable, with refinery closures, depleted inventories, and reduced access to Russian-linked fuels ...
The disruption of the Strait of Hormuz could cause investors to place a lasting premium on resilient access to global markets ...
Blanch said only around 5 to 10 ships per day are currently passing through Hormuz, compared with roughly 140 before the war.
OPEC output rose 1.17 million bpd in July as Gulf producers restarted flows halted by the Strait of Hormuz closure, a Reuters survey shows.
Vessel traffic at the Strait of Hormuz keeps falling as U.S.-Iran deal hopes fade again, with just six ships crossing Monday.
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