Spot cargoes from the Persian Gulf are being redirected to the U.S. West Coast after Asian refiners secured sufficient non-Middle Eastern supply for the next two months. Asian refiners are offering Middle Eastern crude cargoes to the U.S. West Coast, reflecting a recovery
Islamabad pays a $1 premium over Asian spot prices for urgent LNG delivery, reflecting persistent supply constraints from the Persian Gulf. Pakistan has purchased a liquefied natural gas cargo at $16.74 per million British thermal units, a premium of roughly $1 above regio
U.S. fuel retailers face pressure to cut pump prices after crude oil falls to $68 per barrel, according to a presidential statement. President Donald Trump demanded gasoline retailers reduce prices at the pump, citing a decline in oil prices to $68 per barrel. In a social
WTI oil price hovers around $70.10 per barrel The West Texas Intermediate oil price remains subdued, hovering around $70.10 per barrel during Asian market hours. The downward pressure on crude oil prices is due to potential US-Iran talks in Doha. The oil ma
Oil prices retreat as traders assess conflicting reports on US-Iran talks and Middle East geopolitical risks. West Texas Intermediate crude fell to near $70.10 per barrel in Asian trading on Tuesday, reversing recent gains. The decline followed mixed signals on US-Iran neg
Persian Gulf producers maintain oil and LNG loadings despite recent attacks on commercial vessels in the Strait of Hormuz. Persian Gulf oil and liquefied natural gas producers continue loading shipments despite attacks on two commercial vessels in the Strait of Hormuz. The
Global supply losses of over 1B barrels and replenishment demand could drive oil prices higher after China’s strategic reserves stabilized markets. Global oil markets have lost over 1 billion barrels in cumulative supply due to Middle East conflicts, particularly the closu
ADNOC and Eni acquire minority stakes in three Vaca Muerta shale blocks tied to Argentina’s LNG export initiative. ADNOC’s international arm XRG and Italy’s Eni have secured 32% stakes each in three Argentine gas blocks connected to the country’s LNG export project. The bl
A 19-year-old vessel, reflagged and transferred to Russian ownership, loaded LNG from the sanctioned Arctic LNG 2 project. Russia has added a 19-year-old LNG tanker, formerly the Queen Cassiopeia, to its dark fleet after transferring ownership to St. Petersburg-based SMP T
Oil prices recover slightly after dropping to $70 amid U.S.-Iran peace talks, but renewed geopolitical risks lift Brent crude. Brent crude futures rose 0.74% to $72.54 per barrel by mid-morning trading, reversing earlier losses as markets weighed a potential U.S.-Iran peac
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