Gulf Oil Is Still Flowing Despite a Surge in Attacks on Ships
Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
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Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
US Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform procurement policies. He also advocated nuclear energy investments and stronger IMF scrutiny of global economic imbalances, reflecting the T
Harga minyak jenis West Texas Intermediate (WTI) AS melemah US$1,02 dolar AS atau 1,07 persen menjadi US$94,07 dolar AS per barel.
Further disruptions to Middle East oil supplies stemming from the Iran war are feared to fuel inflation.
Recent US-Greenland-Denmark agreement excludes mining or drilling rights while reinforcing Greenland's sovereignty.
The United States has used a 1950 authority to help boost fuel production at a small Texas refinery, Vice President JD Vance said on Tuesday, as the Trump Administration is running out of levers to lower record-high fuel prices. “I am pleased to announce that the Trump administra
The World Bank needs profound reforms, including reversing a ban on upstream oil and gas financing, U.S. Treasury Secretary Scott Bessent said in a statement for the World Bank Development Committee and the IMF International Monetary and Financial Committee. The World Bank has ma
President Trump’s deal with Russia will probably not lower diesel prices that have soared because of his war with Iran and Ukrainian attacks on Russian refineries.
Lithium prices have slumped, following a deal between the European Union and China that will cut Chinese hybrid car exports to the bloc. Since the start of the week, China’s most actively traded lithium futures contract has dropped by 14%, Bloomberg reported earlier today. The oi
Silver prices fell sharply on October 14 as rising crude oil prices, a stronger dollar and caution ahead of US inflation data weighed on sentiment.
Russian strikes on October 13 and 14 cut power to at least 600,000 people in Ukraine, Zelenskyy said, four days after the Trump administration licensed imports of Russian diesel while pressing Ukraine to stop striking Russian refineries. Zelenskyy said Russia launched 39 ballisti
Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices Days after Donald Trump announced a deal to import Russian diesel into the US in an effort to lower soaring pump prices, the world’s energy watchdog has warned that th
Diesel prices have hit record highs across Europe and in the US in recent weeks.
Indian equities traded nearly flat after a sharp rally in the previous session, with IT stocks extending gains while pharma shares declined. Analysts flagged elevated US bond yields and crude oil prices as headwinds, even as short-covering and hopes of tax relief supported sentim
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.
Sementara itu, harga minyak mentah West Texas Intermediate (WTI) Amerika Serikat menguat 80 sen atau 0,9 persen menjadi US$94,94 per barel.
MSCI Inc.’s Asia Pacific equities index advanced 0.2%. A selloff in semiconductor stocks sent the gauge to its weakest close since August on Tuesday. Earlier, the S&P 500 pared earlier losses to close little changed after New York Fed President John Williams said he continued to
Kesepakatan pasokan BBM yang diteken oleh Presiden Amerika Serikat (AS) dan Presiden Rusia Vladimir Putin dinilai tidak akan mampu menurunkan harga bahan bakar.
A bipartisan group of 12 senators called on the president to drop his decision to ease sanctions on Russia’s exports of diesel fuel, saying the deal would help Moscow continue the war in Ukraine.
The U.S. Consumer Price Index (CPI) report is due to be released on Wednesday, with economists predicting that key inflation metrics continued to moderate in September despite elevated oil prices, giving the Fed room to slow down on interest rate hikes. For September, economists
The Middle East crisis has driven tanker rates to all-time highs and created a shortage of vessels. This oil logistics problem is now causing a ripple effect, tipping the heavy crude market in North and South America into oversupply—while Asia and Europe grapple with a shortage o
Oman was India’s single biggest LNG supplier in September, toppling the United States that held the top spot for months after the Iran war began, as European buyers are snapping up American cargoes and intensifying the competition of spot U.S. supply with Asia. The arbitrage econ
Guyana, one of the world's newest oil exporters, is poised to surpass one million barrels per day in crude oil exports for the first time this December, marking another extraordinary milestone for the small South American country. According to Bloomberg, December's preliminary lo
“Massive” oil, gas, and minerals exploration will soon begin in Greenland, U.S. President Donald Trump said on Wednesday, claiming that the territory has enormous resources of readily available oil. Last month, the United States, Denmark, and Greenland signed an agreement to stre
There was a time when diesel fuel was usually cheaper than gasoline in the United States. That relationship began to change about 20 years ago, and since then diesel has generally traded at a premium. Today, that premium is not just persistent but unusually large, which raises an
Houthi attacks threaten Saudi oil infrastructure and Gulf shipping as Brent hovers near $105 per barrel. Trump’s Fuel-Price Problem Is Becoming a Political One - The Trump administration’s Russia diesel deal has failed to bring about substantial change in US fuel prices, triggeri