Crude Inventories Continue to Decline Amid Strong Oil Product Draws.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.79 million barrels in the week […]
China industrial profits jump 15.8% in March, fueled by AI and chip boom despite oil shock risks.
Profits at China’s industrial firms grew at their fastest pace in six months in March, even as the Middle East war upended […]
Shell Bets $16.4 Billion On Canadian Gas In Major LNG Growth Push.
Shell is doubling down on North American gas in a major bet on long-term LNG demand, agreeing to buy Canada’s ARC Resources […]
Oil prices rise amid stalled US-Iran peace talks.
Oil prices have climbed higher amid stalled peace talks between the United States and Iran. Brent crude rose more than 2 percent […]
Gold boom lifts Africa’s reserves to $530 billion as nations rethink the dollar.
The figure, published in the Africa Finance Corporation’s latest State of Africa’s Infrastructure Report, marked a $50 billion increase from $480 billion in […]
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 […]