Category: petroleum
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Oil Slips as Traders Weigh OPEC+ Hike
by Bloomberg | Mia Gindis, Catherine Cartier | Monday, June 30, 2025 | 4:04 PM EST Oil edged down after its biggest weekly loss in two years as traders speculated on the volume of an expected OPEC+ supply hike and fears of Middle East tensions disrupting global oil flows dissipated. West Texas Intermediate crude shed 0.6%…
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Oil Tanker Rates Collapse as Conflict in Middle East Abates
| Friday, June 27, 2025 | 10:21 AM EST The cost of shipping Middle East crude to customers in Asia collapsed on Thursday, the latest sign of oil markets returning to normal after conflict eased in the world’s top petroleum-exporting region. Charter rates slumped by 17% to 55.50 industry-standard Worldscale points, according to data from…
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UAE Oil Partners Face Trading Losses after Surprise Supply Cut
by Bloomberg | Yongchang Chin & Serene Cheong | Friday, June 27, 2025 | 2:04 AM EST An unexpected move by the United Arab Emirates to cut volumes of a key oil grade sold to project partners including BP Plc and TotalEnergies SE is set to put a dent in some trading books. The hit stems…
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WTI Edges Up as OPEC+ Meeting Looms
by Bloomberg | Mia Gindis, Alex Longley | Thursday, June 26, 2025 | 3:33 PM EST Oil held steady as traders grappled with conflicting signals about how much US military strikes hobbled Iran’s nuclear program and whether Washington will continue to target Tehran’s oil flows. West Texas Intermediate edged up to settle near near $65 a…
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More at Stake for IOCs as Mideast Risk Profile Evolves
Copyright © 2025 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited. Orla/Shutterstock Big Oil will have breathed a big sigh of relief at the apparent end of the 12-day Israel-Iran conflict this week. The industry impacts were temporary and minor, and the potential market apocalypse —…
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Strait of Hormuz’s LNG flow role faces uncertainty amid tensions
Home Fossil Energy Strait of Hormuz’s LNG flow role faces uncertainty amid tensions June 25, 2025, by Dragana Nikše The U.S. Energy Information Administration (EIA) has reported that the Strait of Hormuz, the sea channel linking the Persian Gulf with the Gulf of Oman and the Arabian Sea, has facilitated the transport of one-fifth of global…
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Trump U-Turns on China Buying Iranian Oil
President Donald Trump on Tuesday appeared to undermine years of US sanctions on Iran, giving its biggest customer China the green light to carry on buying its oil as he seeks to bolster a ceasefire with Israel. The announcement on social media – which surprised both oil traders and officials in his own government – could undermine…
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Refining: War Whittles Margins, But Diesel Comes to Rescue
Markets Copyright © 2025 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited. Published: Mon, Jun 23, 2025 Beautyimage/Shutterstock Margins for churning out petroleum products reached a year-high in May, thanks to low crude prices, improving on the much-anticipated April rebound. But once hostilities between Israel and…
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Four questions (and expert answers) about Iran’s threats to close the Strait of Hormuz
New Atlanticist June 23, 2025 • 4:37 pm ET Atlantic Council experts On Monday, Iran launched a volley of missiles at a US military base in Qatar. The strikes were in retaliation for the US bombing of three Iranian nuclear sites over the weekend. It is not yet clear if that will be the end…
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The Strait of Hormuz is a critical chokepoint for global energy markets, but there are ways to get around it
The Strait of Hormuz avoided Tehran’s initial response to the U.S. bombing of Iran’s nuclear facilities over the weekend, sending oil prices lower. While Iran’s military capabilities have been degraded by punishing Israeli airstrikes that began a week and a half ago, the Islamic republic was able to launch missiles at a U.S. base in…
