US Crude Oil, Product Inventories Rise
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.3 million…
Trump Planned for Big Oil’s Global Dominance. Then He Went to War With Iran
(Bloomberg) — From capturing Venezuela’s president to attacking Europe’s methane rules, President Donald Trump had created a slipstream…
Traders Bet on Two ECB Hikes This Year as Energy Prices Surge
(Bloomberg) — Traders are fully pricing two interest-rate hikes from the European Central Bank this year, as an…
US Energy Chief Signals Iran War May Last Several More Weeks
(Bloomberg) — Energy Secretary Chris Wright signaled the war with Iran may last several more weeks with oil…
Two LPG Ships Sail Through Hormuz to Shortage-Hit India
(Bloomberg) — Two tankers carrying liquefied petroleum gas are heading to India after crossing the Strait of Hormuz,…
India Asks China for Urea as War-Induced Gas Crunch Bites
(Bloomberg) — India has asked China to allow the sale of some urea cargoes as the war in…
Option Frenzy From Oil to Corn Highlights Iran War Market Stress
(Bloomberg) — Traders are piling into options as supply disruptions from the war in Iran send oil and…
China Sets Cautious Climate Target as Carbon Deadline Looms
(Bloomberg) — China, the world’s top polluter, set a cautious new climate target for the rest of the…
Geopolitics Unlikely to Put a Stop to IPOs, NYSE’s Martin Says
(Bloomberg) — Global conflicts, including the strikes on Iran over the past week, are unlikely to put a…
U.S. Crude Stockpile Surge Weighs on Oil Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million…
SOCAR’s €3B Italian deal reshapes EU energy
The European Commission’s approval of SOCAR’s acquisition of 99.82% of Italiana Petroli (IP) from API Holding is not…
Oil Steady With Focus on Geopolitical Risk Before Iran Talks
(Bloomberg) — Oil was little changed at the start of the week, as traders monitored geopolitical risk before…