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Schork Group analyst Stephen Schork said Iran is pressuring Saudi Arabia's oil supply from two fronts, east and west.
Stephen Schork, principal and editor at the Schork Group, explained that Iran is tightening its control over oil flows in the Middle East. He predicted that the U.S. Strategic Petroleum Reserve (SPR)
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U.S. Strategic Petroleum Reserve hits lowest level since November 1982, holding 285.4 million barrels
According to data released by the Energy Information Administration, the reserve declined by 1.2 million barrels from the prior week and has fallen nearly 120 million barrels, or about 30%, over the p
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Australia's APA Group selects UGL for A$259M Sybella Creek solar and BESS project
The project in Mount Isa, Queensland, will include a 72MW solar farm and a 52MW/104MWh Battery Energy Storage System (BESS) facility. Site works are expected to begin in late 2026, with completion sch
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Ukrainian Attacks on Russian Refineries Impact Trump's Announced Russia-Ukraine "Energy Ceasefire" Deal
US President Donald Trump announced on Monday, September 14, ET, that Russia and Ukraine had agreed to cease mutual attacks on energy targets. However, Ukrainian President Volodymyr Zelenskyy later co
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Bloomberg Markets: California Becomes Bellwether for U.S. Fuel Demand as Prices Soar
Bloomberg Markets reports that while gasoline and diesel purchases have not yet collapsed, long-term behavioral shifts could accelerate if costs do not ease soon.
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Silver prices fell below $64 on Tuesday, now trading at $63.60 per ounce, as the market widely anticipates an interest rate hike ahead of the Federal Reserve's policy meeting.
Silver December futures opened at $63.76 per ounce on Tuesday, down 0.6% from Monday's closing price, and further declined to $63.60 during the session. The market widely expects the Federal Reserve t
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Indonesia's state-owned energy company Pertamina is considering investing in upstream oil and gas projects in Guyana and Suriname to enhance energy security.
The Indonesian government stated that this move aims to diversify Indonesia's oil and gas supply and reduce its reliance on Middle Eastern imports. Grata Endah Werdaningtyas, Director General for Amer
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Wood secures $200m contract from ExxonMobil for PNG LNG project
The five-year agreement will see Wood provide construction services, including project management, civil and structural construction, and mechanical works, for brownfield project works at several faci
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Sasol Ltd. begins selling sustainable aviation fuel for luxury Antarctic tours
Sasol Ltd. has begun selling sustainable aviation fuel to a company that organizes luxury trips to Antarctica, tapping into a new market that may help reduce its environmental footprint.
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China's top iron and steel industry body has called on domestic mills to rein in production and reduce inventories as oversupply and weak demand weigh on the market.
China's top iron and steel industry body has called on domestic mills to rein in production and reduce inventories as oversupply and weak demand weigh on the market.
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Kremlin: World energy prices will go down if sanctions are lifted
Kremlin: World energy prices will go down if sanctions are lifted
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French Evening Power Price Nears €300 as Nuclear Output Falls
French Evening Power Price Nears €300 as Nuclear Output Falls
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China and India's LNG Demand Expected to Surge When Prices Normalize, Industry Executives Say
Industry executives at the Gastech conference stated that depressed LNG demand in China and India is a result of spiking prices due to the Middle East conflict. They anticipate consumption in these ke
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WTI crude oil rose 2.54% intraday, now trading at $103.970.
WTI crude oil rose 2.54% intraday, now trading at $103.970.
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Iran's foreign minister will visit China on September 16 for talks with Wang Yi, following reports that Chinese entities had provided satellite imagery to Iran.
The visit comes amid reports that Chinese entities provided satellite imagery to Iran before attacks on U.S. bases. Market analysis suggests China could play a mediator role in the Middle East conflic
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Iranian Government Jet Enters Saudi Airspace
An Iranian government aircraft (EP-IGF) has reportedly entered Saudi Arabian airspace. The flight is fueling speculation that a senior Iranian delegation may be heading to Riyadh in an effort to de-es
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Russia's Nornickel Seeks New Chinese Partner for Copper Processing Deal to Shut Down Polluting Arctic Plant
Russia's Nornickel Seeks New Chinese Partner for Copper Processing Deal to Shut Down Polluting Arctic Plant
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BofA Securities analyst Blanch: Brent crude could rise to $150/barrel if Saudi Arabia's key infrastructure suffers "more permanent" damage.
Brent crude prices could rise to $150/barrel if critical infrastructure such as Saudi Arabia's East-West Pipeline were to suffer a "more permanent" hit, said Francisco Blanch, head of commodity and de
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The humanitarian crisis in the Gaza Strip has worsened, leading to 73,786 deaths since last October.
Attacks in the Gaza Strip continue, with an Israeli airstrike on September 10 killing a family of four. Data from the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) shows th
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Australian tungsten miner EQ Resources joins US government-backed initiative to rebuild tungsten supply chain
EQ Resources will hold a 10% stake in the project, which aims to restart production at a long-closed tungsten processing plant in the United States. This move is part of Washington's efforts to rebuil
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Thailand's PTT Pcl in Talks to Buy More US Gulf LNG to Diversify Supplies
The state-controlled energy company is seeking to expand its trading business over the next few years by diversifying its liquefied natural gas (LNG) supplies from regions including the US Gulf Coast.
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China's Benchmark Crude Oil Futures Hit Record High
Yuan-priced crude futures in China rallied to their highest level on record, driven by the shutdown of an oil pipeline in Saudi Arabia, which hurt global supplies, and increased cargo purchases by ref
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Yemen's Houthi rebels launched a new round of attacks on Saudi Arabia, prompting the Kingdom to shut down its East-West Pipeline, which handles about 4% of global oil supply. Brent crude rose to $106.96 per barrel.
The attack led Saudi Arabia to shut down its East-West oil pipeline, exacerbating market concerns about persistent inflation and heightened geopolitical instability, thereby supporting gold's safe-hav
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Financial Times: Iran-aligned Houthis and Iraqi militants launch two-pronged attack on Saudi Arabia, posing the biggest test for Saudi Crown Prince Mohammed since the Khashoggi affair.
Financial Times: Iran-aligned Houthis and Iraqi militants launch two-pronged attack on Saudi Arabia, posing the biggest test for Saudi Crown Prince Mohammed since the Khashoggi affair.
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At least 10 people have died after a gold mine collapsed in northern Sudan, following another mine accident in West Kordofan state that killed 82.
A gold mine in Sudan's northern Awny mining area collapsed on Sunday, killing at least 10 people and injuring 21, according to survivors. Days earlier, a collapse at the al-Zaraa gold mine in West Kor
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Russia launched a massive attack on Ukraine, killing at least 3 people and cutting power to nearly 100,000 residents in the Chernihiv region.
Ukrainian officials stated that Russian forces launched a large-scale attack on industrial facilities and critical energy infrastructure in multiple regions of Ukraine, killing at least three people a
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US lithium recycler R3 Lithium eyes Vietnam battery business, in talks with auto, electronics firms and government
The company plans to enter Vietnam's battery recycling industry, tapping opportunities created by the shift to electric vehicles in the Southeast Asian country.
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Natural gas is up 5.96% today, currently trading at $3.005.
Natural gas is up 5.96% today, currently trading at $3.005.
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Brent crude oil is up 5.37% today, now trading at $101.410.
Brent crude oil is up 5.37% today, now trading at $101.410.
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Al Jazeera Opinion: Nigeria's Dangote Refinery Cuts Fuel Imports Sharply, But Monopoly Concerns Drive Up Prices
Al Jazeera's analysis highlights that Nigeria's Dangote Petroleum Refinery, which recently held its IPO and expanded crude-processing capacity to 700,000 barrels per day, has significantly reduced the
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Saudis Inform Asian Refiners They Can Soon Pick Up Oil From Yanbu Port
Several Asian refiners have been told informally by Saudi Aramco they will soon be able to pick up oil from the Red Sea port of Yanbu, according to traders familiar with the matter.
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Brent crude rose to $102, poised to end a four-day losing streak.
Brent crude oil prices rose to around $102, poised to end a four-day losing streak. The increase is partly attributed to uncertainties surrounding crude oil flows in the Middle East and potential dipl
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G7 Calls on Iran to Stop Arming Yemen's Houthis, Says Attacks on Saudi Arabia Threaten Global Energy Security
G7 foreign ministers stated in a joint communiqué that Iran must "end its arming and support of the Houthis in Yemen" and condemned Houthi attacks on Saudi Arabia "in the strongest terms." The G7 note
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Indonesia's Morowali Nickel Hub to Cut Nickel Pig Iron Output Due to El Niño-Driven Drought
Smelters at Indonesia Morowali Industrial Park, a major nickel-processing hub on the island of Sulawesi, will be forced to reduce production of nickel pig iron, a raw material for stainless steel. Thi
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UK to provide air-to-air refuelling for Saudi jets to counter Houthi attacks, PM Burnham confirms
British Prime Minister Andy Burnham stated on Monday that the Royal Air Force will provide "defensive" air-to-air refuelling for Saudi planes. This agreement, which is time-limited and under review, c
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U.S. diesel prices hit a record $6.51 on Monday, with top Republicans pressuring the Trump administration to ban exports.
U.S. retail diesel prices surged to a record high of $6.51 per gallon on Monday, marking an increase of over 70% since February before the outbreak of the Iran war. Republican lawmakers from agricultu
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China's MLCC Market Diverges: AI Server Demand Booms While Consumer MLCC Prices Fall by Two-Thirds from Peak
According to MLCC distributor Wang Jun, spot prices for consumer-grade MLCCs have fallen by two-thirds from their peak two months ago, while prices for AI server components remain high. This divergenc
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Brent crude oil fell below $100/barrel, hitting an 11-day low, and the US 10-year government bond yield dropped below 5%.
Brent crude futures fell below $100 per barrel on Monday, reaching a new low since September 9, and closed at $100.34 per barrel. Meanwhile, the benchmark US 10-year government bond yield fell below t
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Asian stocks are poised to rise, buoyed by optimism in tech shares; oil prices fall on hopes of diplomatic progress in the Iran conflict.
Asian stocks are poised to rise, buoyed by gains in Wall Street tech shares and hopes for diplomatic progress in the Iran conflict, which led to a drop in oil prices.
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US stocks rose, with the Nasdaq Composite hitting a record high, as oil prices fell and market bets on AI surged.
Oil futures fell on hopes of renewed US-Iran talks, sparking a rally in riskier tech stocks and pushing the Nasdaq to a new all-time high.
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Rand Refinery seeks to legitimize Africa's illicit artisanal gold into its supply chain
The century-old Rand Refinery, historically a key destination for Africa’s commercially mined gold, is now attempting to integrate often-problematic artisanal gold into its supply chain.
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WTI crude oil fell 5.03% intraday, now trading at $91.250.
WTI crude oil fell 5.03% intraday, now trading at $91.250.
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Saudi Aramco loaded 14 million barrels of crude oil from Gulf terminals on Sunday, increasing exports through the Strait of Hormuz.
Shipping data shows Saudi Aramco loaded 14 million barrels of crude oil onto seven very large crude carriers (VLCCs) from Gulf terminals on Sunday, increasing exports through the Strait of Hormuz. Sat
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Russia reroutes grain exports to Baltic and Arctic ports as Black Sea shipments stall, converting fertilizer and coal terminals.
Russian firms are converting fertilizer and coal terminals at Baltic and Arctic ports to handle grain exports. Rail applications to Ultramar’s Baltic terminal reached approximately 260,000 tons for Se
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Trump reportedly halted airstrikes against Houthis after attacks on Saudi oil facilities.
According to US officials, US President Donald Trump temporarily halted airstrikes against Yemen's Houthi rebels at noon on September 20 local time, after US military aircraft had already completed mu
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U.S. diesel prices surged to a record $6.51, as Republicans weigh a diesel export ban and a gas tax holiday.
Republicans are weighing a ban on diesel exports and a gas tax holiday ahead of the midterm elections, as soaring fuel costs pressure consumers and farmers, the Wall Street Journal reported. Congressi
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Global oil and gas discoveries hit 40-year low in 2025 amid investment cutbacks
The number of new oil and gas field discoveries worldwide in 2025 fell to the lowest level in more than 40 years, with volumes at those fields falling to one-tenth of the 2013 peak. This decline is at
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Yemen conflict escalates, displacing over 120,000 as Houthis and Saudi-backed forces clash near Red Sea strait
The BBC reports that more than 3,000 refugees have arrived in Djibouti in recent days, with the UN estimating over 120,000 Yemenis displaced by the sudden surge in fighting along Yemen's Red Sea coast
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