Shipping on High Alert in Mideast After US Strikes on Iran
(Bloomberg) — The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate…
Japan Boosts Effort to Curb Methane Leaks From LNG Supply
(Bloomberg) — Japan is strengthening efforts to curtail methane emissions from liquefied natural gas as it sticks with…
US Crude Oil Inventories See Sharp Drawdown, Bolstering Market Confidence
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133…
Adnoc Makes $19 Billion Takeover Bid for Australia’s Santos
(Bloomberg) — Abu Dhabi National Oil Co. made an $18.7 billion offer for Australian fossil fuel producer Santos…
Trump Plans Biofuel Quota Boost, Seeks to Crimp Imports
(Bloomberg) — The Trump administration is proposing oil refiners blend more biofuels into gasoline and diesel next year,…
European Banks With Russian Units Help Keep Natural Gas
(Bloomberg) — Western banks including Raiffeisen Bank International AG that still operate units in Russia are helping some…
Gasoline, Distillate Builds Spook Oil Markets
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell again this week,…
Taiwan Official Discusses US Energy Cooperation at Alaska
(Bloomberg) — Taiwan’s top presidential aide discussed energy cooperation with US officials at a summit this week in…
Stocks Climb After Jobs Report Amid US-China Hopes: Markets
(Bloomberg) — Stocks headed toward their highest since February and bond yields rose as jobs data allayed concerns…
Canadian Wildfires Force Oilsands Evacuations, Stop Oil
(Bloomberg) — Raging Western Canadian wildfires that have forced thousands of people from their homes are now also…
Stocks Bounce From Lows on US-China Trade Hopes: Markets
(Bloomberg) — A renewed bout of volatility gripped stocks in the last stretch of the month, with the…
Record Refining Helps Saudi Oil Income amid Crude Price Decline
Saudi Arabia’s oil revenues have been suffering from the oil price slump during the second quarter. But there’s…