Phillips 66 First To Take Advantage of Jones Act Waiver for US Crude.
Phillips 66 has shipped crude oil from Texas to the U.S. East Coast on a foreign-flagged tanker, the first such cargo since […]
How the Iran war oil and gas supply shock compares with past disruptions.
The US-Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record […]
India Pays in Yuan for Iranian Oil Purchases Under U.S. Waiver.
Indian refiners that have bought Iranian crude under the one-month U.S. waiver on Iran’s oil on tankers are settling the purchases in […]
Burkina Faso tells Australian miner it wants 40% stake in gold mine after company projects up to 490,000 ounces in 2026.
Australian gold producer West African Resources Limited suspended trading in its shares on the Australian Securities Exchange on Friday, as investors weighed a government […]
Nigeria exports 55.39 million barrels as Dangote refinery faces crude supply shortfall.
Data from the Central Bank of Nigeria showed that exports totalled 31.31 million barrels in January and 24.08 million barrels in February. […]
Trump administration warms to IMF and World Bank, in rare nod to global bodies.
One year after Treasury Secretary Scott Bessent publicly blasted the International Monetary Fund and the World Bank for deviating from their core […]
Middle East Energy Infrastructure Damage Close to $60 Billion.
Damage caused to energy infrastructure in Gulf states would cost $58 billion to repair, Rystad Energy estimated this week, suggesting the fallout […]
US set to launch tariff refund system on April 20, totaling US$166b
President Donald Trump’s administration plans to launch next Monday the system it will use for issuing refunds to American importers for US$166 […]
Africa’s copperbelt experiment grows as DR Congo miner boosts US supply deal.
The revised volume is around five times higher than previously disclosed, underscoring the rapid scale-up of a vehicle central to Washington’s broader […]
World shares gain, oil prices capped on hopes for US-Iran peace talks.
World shares gained on Wednesday, edging towards record highs after President Donald Trump said talks with Iran could resume over the next […]
South Korea Locks In 273 Million Barrels of Crude That Won’t Touch Hormuz.
South Korea has secured 273 million barrels of Middle Eastern and Kazakh crude that will not need to transit the Strait of […]
China uses Africa to expand rare earth dominance as US seeks upper hand over key shipping routes, including Strait of Hormuz.
The United States has moved to strengthen its influence over key routes such as the Panama Canal and the Strait of Hormuz, […]