Hormuz Disruption Sends Saudi-China Supertanker Rates to a Record $647,000 a Day
Saudi-China VLCC earnings hit $647,000 a day as Hormuz risk, ship shortages and longer routes raise the cost of moving Gulf crude.
Saudi-China VLCC earnings hit $647,000 a day as Hormuz risk, ship shortages and longer routes raise the cost of moving Gulf crude.
Asian spot LNG reached $23.388/MMBtu as Qatar extended delivery suspensions and Europe’s TTF gas benchmark climbed above $80/MWh.
Brent stays near $90 as uncertain Hormuz shipping compounds pressure on diesel, UK energy bills and global fuel supply chains.
A £1.8bn July borrowing deficit and limited room for new debt put tax rises in focus ahead of the Autumn Budget.
Drone attacks and strained finances are pushing Moscow to explore arms production in Central Asia, where sanctions exposure and funding gaps could lim...
Low rivers and extreme heat have curtailed nuclear output across Europe, adding pressure to power supplies as heat weighs on productivity and GDP.
Tankers wait up to 30 days as terminal failures, power cuts and crude-quality issues constrain Venezuelan exports despite strong buyer demand.
China’s Iranian crude imports fell to an estimated 534,000 barrels per day in August, pushing independent refiners to seek alternative feedstocks.
A proposed route to Syria’s Mediterranean coast could carry up to 2 million barrels a day, but new infrastructure puts its cost and timeline in focus.
UK inflation is forecast to climb to 2.9% in July as higher energy bills add pressure, while food costs and slowing growth cloud the outlook.
India expects coal demand to rise as power generation and industry expand, prompting plans for a domestic trading exchange to improve market transpare...
Refiners in South Korea, Japan and Taiwan bought U.S. crude for November delivery, paying premiums as the Hormuz standoff tightens supply options.
WTI rose 5.3% this week as stalled Hormuz talks revived supply concerns, while a large U.S. crude build and weaker demand forecasts capped gains.
A year after the Washington declaration, TRIPP planning has advanced, but financing, security arrangements and political hurdles still cloud the peace...
Gold climbed toward a two-month high as weak jobs data supported prices, while rising oil and Wednesday’s CPI report clouded the outlook for Fed rates...
The source points to weaker U.S. job growth and pressure on hospitals, while leaving the scale and causes of both trends uncertain.
Central Asian work entries to Russia fell 15% in the first half of 2026, adding pressure to a tight labor market and rising inflation.
Rerouting Saudi crude can add about $5 per barrel. The premium reflects the value—and limits—of keeping exports moving when key routes are disrupted.
A $1 million Energy Department grant backs Texas A&M research into harvesting seawater lithium, an early-stage effort to diversify U.S. battery supply...
WTI fell 5.9% on hopes for a U.S.-Iran deal, though Hormuz traffic remained sparse and shipping risks persisted.