Oil Prices Surge 9% as US Reinstates Iran Naval Blockade in Hormuz
Global oil prices jumped over 9% to a one-month high after the US announced a naval blockade of Iran's coastline, reigniting Strait of Hormuz supply fears.
Market-moving news and intelligence across global energy markets.
Global oil prices jumped over 9% to a one-month high after the US announced a naval blockade of Iran's coastline, reigniting Strait of Hormuz supply fears.
Future oil bull markets hinge on China's confirmed purchases and global Strategic Petroleum Reserve rebuilding, alongside persistent Strait of Hormuz risks
Singapore's Energy Transition Acceleration Finance (ETAF) partnership has achieved its first close, securing US$250 million to boost Asia's low-carbon shif
The IEA projects a 3.7 million bpd drop in global oil supply for 2026, driven by Middle East conflict impacts and tight product markets, despite a partial
GTT wins a major contract for the world's largest floating LNG vessel, Delfin FLNG 1, and expands its strategic role in Africa's burgeoning LNG sector.
The Trump administration has spent billions in taxpayer money to cancel offshore wind projects and boost coal, drawing criticism for favoring fossil fuels.
TotalEnergies is significantly enhancing security infrastructure at its $20 billion Mozambique LNG project in Cabo Delgado, installing 120 CCTV cameras and
Baker Hughes gains conditional EU antitrust clearance for its $13.6 billion acquisition of Chart Industries, boosting its LNG and data center tech.
The UAE's crude production hit a record 4.1 million bpd in June, demonstrating its bold response to market disruption after exiting OPEC and navigating the
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