Thailand to Shift From LNG Toward Renewables in Wake of Iran War
(Bloomberg) — Thailand plans to shift away from imported gas and embrace renewables and nuclear power as it…
U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands Output
U.S. refineries have been running at full speed for months to make up for lost fuel supply from…
SPR Sinks Toward Operational Minimum as U.S. Crude Inventories Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.2 million…
Romania Moves to Safeguard Nuclear Plant on Record Low Danube
(Bloomberg) — Romania is taking additional emergency steps to maintain cooling water supplies for its Cernavoda nuclear power…
Macron and MBS to Focus on Hormuz, Deals in Paris Talks
(Bloomberg) — French President Emmanuel Macron and Saudi Arabian Crown Prince Mohammed bin Salman are set to oversee…
Are Base Oil Prices Rising on Crude up, Supply and Mideast Risk?
Base oil values in the Asian FOB market have moved up again this week, though the tone across…
Tankers Wait a Month as Venezuela Hits an Oil Export Ceiling
Venezuela has plenty of oil buyers again. What it does not have is enough functioning port infrastructure to…
Denmark Publishes Emergency Grid Law That Puts Data Centers Last
(Bloomberg) — Denmark introduced an emergency law to overhaul access to its power grid, including by making most…
Second Nord Stream Sabotage Suspect Arrested in Croatia
(Bloomberg) — German prosecutors secured the arrest of a second person in its Nord Stream gas pipelines sabotage…
Peter Thiel Bets $76 Million on Argentina’s Vaca Muerta Shale
Palantir chairman and hedge fund owner Peter Thiel bought a 1% stake in one of the biggest companies…
Aramco Puts VLCCs Back Into Hormuz After Three-Week Pause
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers…