Middle East Energy Infrastructure Damage Close to $60 Billion.
Damage caused to energy infrastructure in Gulf states would cost $58 billion to repair, Rystad Energy estimated this week, suggesting the fallout […]
Gold holds steady, eyes 4th weekly gain on US-Iran peace deal hopes.
Gold held largely steady on Friday and was on track for a fourth straight weekly gain, as hopes for a US-Iran peace […]
Repsol agrees Venezuela deal to boost oil production and regain control of assets.
Spanish energy company Repsol confirmed that it is regaining operational control of its oil assets in Venezuela after reaching an agreement with […]
US set to launch tariff refund system on April 20, totaling US$166b
President Donald Trump’s administration plans to launch next Monday the system it will use for issuing refunds to American importers for US$166 […]
First Crude Cargo Clears Hormuz Since U.S. Blockade Began.
A tanker flying the flag of Pakistan has just become the first vessel to ship crude out of the Strait of Hormuz […]
Japan pledges $10bn to help Asian countries deal with oil crisis.
Japan has pledged to provide $10bn (£7.4bn) to help its Asian neighbours, especially those in South East Asia, secure energy including crude […]
Africa’s copperbelt experiment grows as DR Congo miner boosts US supply deal.
The revised volume is around five times higher than previously disclosed, underscoring the rapid scale-up of a vehicle central to Washington’s broader […]
World shares gain, oil prices capped on hopes for US-Iran peace talks.
World shares gained on Wednesday, edging towards record highs after President Donald Trump said talks with Iran could resume over the next […]
World’s Top Oil Companies To Rake In Extra $234 Billion In War Profits.
An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi […]
U.S. Eases Sanctions on Venezuela’s Central Bank, Allows Financial Transactions for First Time Since 2019.
The United States has taken a significant step toward easing financial restrictions on Venezuela by authorizing transactions with the country’s central bank and three other state-run […]
South Korea Locks In 273 Million Barrels of Crude That Won’t Touch Hormuz.
South Korea has secured 273 million barrels of Middle Eastern and Kazakh crude that will not need to transit the Strait of […]
China uses Africa to expand rare earth dominance as US seeks upper hand over key shipping routes, including Strait of Hormuz.
The United States has moved to strengthen its influence over key routes such as the Panama Canal and the Strait of Hormuz, […]