Markets

ADNOC Says 15 Vessels Have Been Attacked as Hormuz Shipping Risks Rise

ADNOC reports 15 vessel attacks since the war began, adding pressure to Gulf shipping as the company expands its crude and gas fleet.

Aug 07, 2026 • 5 min read

Markets

India Still Imports 90% of Its Crude Oil Despite Lower Energy Dependence

India cut overall primary energy import dependence to 42% by FY25, but overseas crude still supplies 90% of demand as storage covers just eight days.

Aug 07, 2026 • 5 min read

Markets

US Crude Stocks Rise 2.69 Million Barrels as Oil Prices Slide on Iran Deal Hopes

API data showed a surprise crude build and higher Cushing stocks, while Brent and WTI fell sharply amid hopes of a US-Iran deal.

Aug 04, 2026 • 5 min read

Markets

China’s EV Fleet Could Reduce Oil Exposure to the Strait of Hormuz

China’s EVs displaced an estimated 1.35 million barrels per day of oil demand in early 2026, easing—but not removing—its exposure to Hormuz.

Aug 04, 2026 • 5 min read

Markets

Oil Falls 5.9% as Iran Deal Hopes Outrun Hormuz Shipping Data

WTI fell 5.9% on hopes for a U.S.-Iran deal, though Hormuz traffic remained sparse and shipping risks persisted.

Aug 04, 2026 • 5 min read

Markets

ONGC Quarterly Profit More Than Doubles on Higher Oil and Gas Prices

ONGC’s quarterly profit more than doubled as higher prices and a weaker rupee offset falling output, strengthening its capacity to fund exploration an...

Aug 04, 2026 • 5 min read

Markets

Iron Ore Falls to One-Year Low as Weak Chinese Steel Demand Meets Rising Supply

Singapore iron ore futures touched $93.65 a ton as soft Chinese demand and rising supply deepen surplus concerns. UBS sees prices averaging $95 in 202...

Aug 04, 2026 • 5 min read

Markets

Oil Falls to $80 as Iran Deal Hopes Meet Supply and Refining Pressures

Brent retreats on US-Iran diplomacy, while refinery margins, OPEC+ supply plans and disrupted shipping keep oil-market risks in focus.

Aug 04, 2026 • 5 min read

Markets

Suriname’s Offshore Oil Projects Could Deliver $26 Billion in Fiscal Revenue

GranMorgu is scheduled for 2028, while Block 52 discoveries could support another investment decision by the end of 2026.

Aug 01, 2026 • 5 min read

Markets

Finland’s Sand Battery Offers Europe Long-Duration Heat Storage

A Finnish sand battery can cover weeks of district heating demand and cut emissions, offering Europe a storage option beyond lithium-ion.

Aug 01, 2026 • 5 min read

Markets

Cooling Demand Could Triple by 2050, Raising Emissions and Grid Strain

Cooling saves lives, but rising air-conditioning use could triple related emissions by 2050 as access and costs remain sharply unequal.

Jul 29, 2026 • 5 min read

Markets

BMW Plans 8,000 Job Cuts as China Competition and Weak Sales Pressure Profits

BMW plans to cut about 8,000 jobs by 2027, seeking lower costs as falling China sales and stronger EV competition weigh on its outlook.

Jul 29, 2026 • 5 min read

Markets

Rio Tinto and Glencore Profit From Higher Metal Prices and Market Volatility

Rio Tinto’s first-half profit rose 43%, while Glencore’s trading arm neared its annual record as metal prices and market volatility lifted results.

Jul 29, 2026 • 5 min read

Markets

Indian Oil Seeks Gas Carrier Stakes as U.S. LPG Imports Rise

Indian Oil is tendering for stakes in large gas carriers to manage freight costs as India plans to source more LPG from the United States.

Jul 29, 2026 • 5 min read

Markets

U.S. Crude Stocks Fall 7.2 Million Barrels as Oil Prices Jump

U.S. crude inventories dropped to 404.5 million barrels, while Brent and WTI rose nearly 7% amid renewed Middle East supply concerns.

Jul 29, 2026 • 5 min read

Markets

Taiwan Suspends $800 Million in Spot LNG Purchases From Papua New Guinea

Taiwan is ending about $800 million in semiannual spot LNG demand from PNG while keeping its 1.2 million-ton annual contract through 2030.

Jul 29, 2026 • 5 min read

Markets

Oil Rallies Above $90 as Iran Conflict Raises Inflation Stakes Ahead of Fed Decision

Brent topped $90 and WTI rose above $84 as renewed conflict and Red Sea shipping risks put oil driven inflation back in focus before the Fed decision.

Jul 29, 2026 • 5 min read

Markets

EU Methane Penalty Pause Highlights Tension Between Energy Security and Climate Rules

The European Commission urged a three-year pause on methane penalties as supply concerns mount, raising questions about the EU’s emissions policy.

Jul 25, 2026 • 5 min read

Markets

Red Sea Disruption Could Turn Saudi Oil Exports Into a Shipping Bottleneck

Saudi Arabia’s East-West Pipeline can move crude to Yanbu, but Red Sea disruption could leave export routes, canal capacity and tanker availability un...

Jul 24, 2026 • 5 min read

Markets

US Crude Stocks Rise 2.6 Million Barrels as SPR Draws Continue

API estimates show US crude inventories rose for the week ending July 17, while the Strategic Petroleum Reserve fell to 316.5 million barrels.

Jul 21, 2026 • 5 min read