Retail passenger car sales in China fell to 1.51 million units in May, with new-energy vehicles dominating amid high oil prices. China’s retail passenger car sales dropped 22.1% year-on-year in May to 1.51 million units, reflecting weak domestic demand and elevated oil pri
API warns SPR drawdowns limit emergency intervention capacity as gasoline stocks fall by 38 million barrels this season. The US Strategic Petroleum Reserve has declined to 350 million barrels, approaching a functional floor of 70 million barrels required for operational in
Ongoing disruptions in the Strait of Hormuz and escalating regional tensions could pressure global oil supplies despite high inventories. Escalating tensions between Iran and Israel over the weekend have heightened risks to oil exports via the Red Sea, potentially disrupti
Asia's coal demand to rise 70 Million Tonnes in 2026 The Middle East conflict has damaged Gulf energy infrastructure, driving up energy security concerns. This has led to a significant surge in Asia-Pacific thermal coal demand, with an additional 150 million tonnes
Geopolitical risks in the Middle East drive WTI oil prices up 1.57% as OPEC+ output increases take a backseat. West Texas Intermediate crude oil climbed to $89.95, gaining 1.57% on Monday, as escalating tensions between Israel and Iran, along with Houthi-related disruption
WTI oil trades up 1.57% at $89.95 West Texas Intermediate oil prices are rising due to escalating tensions between Israel and Iran. The conflict has raised concerns over potential disruptions to global energy supply. OPEC+ has announced a production increas
Aker BP will receive an additional 2.2 million barrels of oil equivalent after the partners in the Johan Sverdrup field completed a redetermination process that slightly increased the company’s ownership stake. The adjustment raises Aker BP’s interest in Johan Sverdrup to
The Railroad Commission of Texas imposed $1.1 million in fines for compliance violations during its latest enforcement meeting. The Railroad Commission of Texas (RRC) assessed $1,111,897 in penalties against oil and gas operators and businesses for regulatory violations. T
Chinese buyers are being offered Iranian crude at discounts to Brent, compared to a premium in May, as demand from China’s independent producers has weakened in recent weeks amid soaring input costs that dent refining margins. The price of Iranian Light for delivery in Jul
Quick Read - BNO's 258% ten-year return dwarfs USO's 49%, since Brent futures price geopolitical supply disruptions like the Hormuz closure before WTI does. - The EIA projects global inventory draws of 8.5 million b/d in Q2 2026, then sees Brent falling to $89 by Q4 as Middle...<
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