Houthis strike two Saudi oil tankers, closing Bab el-Mandeb Strait The Houthis have escalated their campaign against Saudi shipping, striking two tankers and threatening to hit Saudi oil refineries next. The attack marks a significant escalation in the Houthis' cam
The Philippine central bank intervened after the peso fell to 61.75 per USD, selling dollars amid rising oil prices and shrinking reserves. The Philippine peso dropped to a record low of 61.75 against the USD, prompting central bank intervention through dollar sales. Highe
Nigerian billionaire Aliko Dangote proposes a 700,000 bpd refinery to reduce East Africa’s reliance on imported refined fuel. Nigerian billionaire Aliko Dangote announced plans to build a $17 billion oil refinery in Kenya with a capacity of 700,000 barrels per day. The pro
A potential Houthi maritime blockade could cut global oil supplies by 7%, tightening markets already strained by Middle East tensions. Brent crude prices climbed to $89 a barrel as Yemen’s Houthis threatened to block the Bab el-Mandeb Strait, a critical Red Sea oil export
European gas benchmarks jump as Iran conflict disrupts 7-11% of regional LNG imports, raising winter shortage fears. European natural gas prices surged to four-month highs after Iran-related conflict closed key shipping straits, disrupting LNG supplies. The Strait of Hormu
Depleted inventories and regional tensions may drive crude oil above $100 per barrel amid heightened supply risks. Crude oil prices could exceed $100 per barrel in the coming weeks as global energy markets face increased vulnerability. Analysts cite depleted inventories an
Defiance Oil Enhanced Options Income ETF increases its weekly payout to $0.0702, marking a 27.9% jump from the prior week. Defiance Oil Enhanced Options Income ETF (USOY) announced a weekly distribution of $0.0702, up 27.9% from the previous week’s $0.0549. The move lifts
Don't let oil prices fool you. Crude oil futures contracts rose another 3% Wednesday morning, with U.S. benchmark WTI above $87 a barrel. (Ditto for the international Brent benchmark — topping $94 a barrel.) The upticks, smoothed to some degree by China and the U.S., belie
EIA data shows commercial crude inventories climbed to 411.7 million barrels, remaining below the five-year average. U.S. crude oil inventories increased by 2.0 million barrels for the week ended July 17, pushing commercial stockpiles to 411.7 million barrels. The build ma
Quick Read - With Brent above $95 and the Iran conflict unresolved, oil prices now shape Fed policy more than any statement from chair Warsh. - Track WTI at $86, not Brent. A Chinese demand rebound could push it above $90 and end the Fed's pause. - Markets have historicall
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.