Investing
US Halts Iranian Oil Dollar Sales After Gulf Strikes
The US Treasury Department has revoked a waiver, blocking Iranian oil sales in US dollars, leaving over 60 million barrels stranded following...
#Energy Security 14 articles
Markets
Oil Holds Steady as Hormuz Talks Progress Amid Regional Tensions
Oil prices remained stable as markets watched U.S.-Iran talks on the Strait of Hormuz. Diplomatic progress is noted, but regional security risks...
Investing
BP Sale Propels Klesch Group to German Refining Powerhouse
American investor A. Gary Klesch's Klesch Group Ltd becomes Germany's second-largest oil refiner after acquiring BP's Gelsenkirchen facility, marking a shift in...
Markets
Middle East Tensions Propel Oil Prices to Sharpest Monthly Gain Since March
Global oil markets are bracing for significant monthly gains, driven by escalating geopolitical tensions across the Middle East. Fears of supply disruptions,...
Stocks
Equinor CEO: Europe to Miss 80% Gas Storage Target
The head of Equinor, Europe's largest natural gas supplier, expects the continent to miss its goal of filling gas storage sites to...
World Business
Indonesia’s Biofuel Mandate Strains Producers, Tightens Palm Oil Supply
Indonesia's accelerated B50 biofuel mandate is pushing producers to their limits and reducing global palm oil exports, impacting both domestic energy security...
Stocks
Cheniere CFO: Developing Nations Need Diverse LNG Supply
Cheniere Energy CFO Zach Davis says developing nations must diversify LNG supply, not solely rely on the U.S. This ensures affordability and...
Stocks
US Oil Reserve Dips to 43-Year Low Amid Iran Deal Talks
The U.S. Strategic Petroleum Reserve has fallen to ~340M barrels, its lowest level since 1983, according to Department of Energy data released...
Stocks
Persian Gulf Oil Flows Hit 7M BPD, U.S. Escorts Credited
Crude oil and fuel shipments through the Strait of Hormuz have reached ~7M bbl/day, half of volumes stranded, Energy Secretary Chris Wright...