THE TRUTH ABOUT: 3 - The Untold Story

China's Oil Buffer Is Being Put to the Test as Beijing Draws Down Stockpiles During Hormuz Crisis

China has amassed an estimated 1.4 billion barrels of crude, allowing Beijing to draw on reserves, reduce imports and avoid joining Western emergency oil releases during the Hormuz crisis.

International Business Times UK · Sep 17

Crude Prices Fall as Saudi Arabia Seeks to Restore East-West Pipeline

October WTI crude oil (CLV26 ) is down -1.79 (-1.750%) today, and October RBOB gasoline (RBV26 ) is down -0.0191 (-0.55%). Crude oil and gasoline prices are falling today on signs that supply disruptions in the Middle East are set to ease, potentially boosting global oil supplies. Crude prices are...

Barchart · Sep 17

IEA chief says electrification remains the way forward despite AI investment jitters

According to the chief of the IEA, global electrification is hindered by issues related to grid capacity and affordability. The goal for 35% electrification in Asia by 2035 is jointly set by Seoul and the IEA. The Asian LNG market faces challenges due to supply disruptions from Qatar and demands…

The Economic Times · Sep 17

Crude Prices Soar as Global Oil Supplies Continue to Tighten

October WTI crude oil (CLV26 ) is up +3.30 (+3.25%) on Monday, and October RBOB gasoline (RBV26 ) is up +0.1164 (+3.51%). Crude oil and gasoline prices are sharply higher today, with crude just below Monday’s 3.75-month high. Supply risks are underpinning crude oil prices as crude exports from the...

Barchart · Sep 15

Middle East Supply Constraints Lift Crude Oil Prices

October WTI crude oil (CLV26 ) closed up +1.34 (+1.34%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0099 (+0.30%). Crude oil and gasoline prices settled sharply higher on Monday, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten...

Barchart · Sep 14

Trump Called On Zelenskyy To Stop Attacks Against Diesel Targets. He Said Yes, But With a Caveat.

Zelenskyy daid Ukraine is willing to stop attacks against critical infrastructure, but Russia must do so as well.

International Business Times · Sep 14

Crude Prices Surge as Saudi Arabia Closes its East-West Pipeline

October WTI crude oil (CLV26 ) is up +3.30 (+3.30%) today, and October RBOB gasoline (RBV26 ) is up +0.0690 (+2.09%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten further after...

Barchart · Sep 14

Oil and gas prices climb after Saudi Arabia closes east-west pipeline

The price of a barrel of Brent crude oil was up by around 3% to 108 US dollars (£80) on Monday morning.

Evening Standard · Sep 14

Oil markets survived the Iran war sprint. Now comes the marathon

The Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has risen back above $100 a barrel as disruptions spread to Yemen and Saudi Arabia.

The Economic Times · Sep 14

IEA slashes oil demand forecast as prices surge

The International Energy Agency on Friday further reduced its forecast for global oil demand this year, citing the recent escalation in the Mideast war and resurgent energy prices. Ukrainian strikes on Russian refineries and other energy targets are also taking a toll, driving up global fuel prices that will lead…

The Economic Times · Sep 11