WTI Whipsaws as Hormuz Hopes Collide With Diesel Crunch
November WTI crude oil futures spent the week trading a possible reopening of the Strait of Hormuz against the risk that shipping conditions have not …
Read Full ArticleU.S.-Iran Talks Revive June Plan for Ending Hormuz Standoff
Politics, Geopolitics & Conflict The U.S. and Iran are back to negotiating over the same basic bargain that briefly ended the war in June: reopen …
Read Full ArticleAramco Restores East-West Pipeline as War Risk Closes In on Yanbu
Saudi Aramco has restarted its East-West pipeline (Petroline) less than two weeks after attacks knocked out the 7 million bpd system, restoring at least some …
Read Full ArticleEU Pressures UK to Match Its Tariffs on Chinese-Made Cars
The European Union is urging the UK to raise tariffs on China-made cars that would bring its customs policy closer to the bloc’s and remove …
Read Full ArticleIndia Weighs Mandatory Imported Coal Blending as Plant Stocks Crumble
India is weighing ideas to mandate imported coal blending at power plants as coal stocks at many facilities have crumbled amid logistics issues in recent …
Read Full ArticleUkraine Drone Strike Knocks Out Russia's Novoshakhtinsk Refinery
Another Russian refinery was taken offline on Friday following a Ukrainian drone attack, in a sign that Ukraine and Russia continue to trade strikes on …
Read Full ArticleNetherlands Pushes to Scrap EU Gas Storage Mandate After $1.14 Billion Bill
The Netherlands considers that the current EU system of gas storage targets ahead of winter is inadequate and burdens governments that have to pay for …
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Vietnam’s BSR inks crude oil supply agreement with ExxonMobil
Petrovietnam Refining and Petrochemical Corporation (BSR) has entered into a framework agreement to purchase crude oil from ExxonMobil Asia Pacific, an affiliate of ExxonMobil.
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Eni wins Sapukala exploration block in Indonesia’s Kutei Basin
Italian energy company Eni has secured a new deepwater exploration licence in Indonesia's Kutei Basin after being awarded the Sapukala block with a 100% participating …
Read Full ArticleIndia Says It Will Keep Exporting Diesel
India will keep exporting diesel to help meet global demand and ease the fuel crunch, Oil Minister Hardeep Puri said. “We honor our commitments,” the …
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Select to acquire Delaware Basin-focused Pilot Water for $700m
US-based Select Water Solutions has agreed to acquire Delaware Basin-focused water midstream company Pilot Water Solutions for $700m.
Read Full ArticleHormuz Tanker Transits Crash to Single Digits as Crisis Deepens
Only nine commodity carriers passed through the Strait of Hormuz on Thursday, eight of them exiting the waterway, Reuters reported in its now regular update …
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