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News
Developing Asian nations sour on US$7 billion gas bill
11+ hour, 1+ min ago (760+ words) (Sept 14): The loss of a fifth of liquefied natural gas supply due to the US-Iran war is blowing out costs for Asia’s developing markets, and forcing a rethink of the fuel’s long-term future in the region. Qatari shipments of LNG…...
Oil jumps as shutdown of Saudi pipeline deepens energy crisis
11+ hour, 22+ min ago (433+ words) (Sept 14): Oil advanced after Saudi Arabia shut a major crude pipeline following attacks, disrupting a route that’s been used to bypass the Strait of Hormuz during the US-Iran war and deepening a global energy crunch. Global benchmark Brent rose toward…...
New report of attack on Strait of Hormuz shipping fans fears of threats to oil supplies
1+ day, 4+ hour ago (817+ words) ADEN/DUBAI (Sept 13): Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, adding to concerns about Iran-related threats to global energy supplies after Saudi Arabia shut down a vital oil pipeline....
Iran attack on base in Jordan damaged American military aircraft — Reuters
3+ day, 18+ hour ago (268+ words) WASHINGTON (Sept 11): Iranian strikes damaged multiple American military aircraft this week on the Muwaffaq Salti Air Base in Jordan, a US official told Reuters. The US military, the highest-funded in the world, suffered material damage even before Iran's strikes on…...
Opec further lowers 2026 global oil demand growth forecast
3+ day, 19+ hour ago (105+ words) The Edge Malaysia (Sept 10): Opec on Thursday lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day, a copy of its monthly report showed, marking the fifth straight downward revision. The producer group continues to see a…...
US producer prices increase as expected in August
3+ day, 21+ hour ago (443+ words) WASHINGTON (Sept 10): US producer prices increased in line with expectations in August amid a rebound in the cost of energy products. The producer price index for final demand rose 0.4% last month after an upwardly revised 0.1% gain in July, the Labor…...
Rubber glove stocks rally as Brent crude tops US$100
3+ day, 23+ hour ago (660+ words) KUALA LUMPUR (Sept 10): Rubber glove counters on Bursa Malaysia rallied broadly on Thursday, lifted by higher crude oil prices and a recent price hike by China's leading glove maker Intco Medical Technology Co Ltd. Higher oil prices raise the cost…...
Qatar in talks to buy US LNG with spectre of lengthy war looming — Bloomberg
3+ day, 22+ hour ago (322+ words) (Sept 10): Qatar is in discussions to buy liquefied natural gas from US suppliers under long-term agreements as the Iran war has crippled its ability to supply its own customers, according to people familiar with the matter. State-owned QatarEnergy is interested…...
Houthis seize key Yemeni Red Sea port, threatening global energy flows — Reuters
3+ day, 22+ hour ago (835+ words) CAIRO/WASHINGTON/DUBAI (Sept 10): Iran-aligned Houthi militants seized control of Yemen's port city of Mocha on Thursday, military sources said, posing a further threat to global energy supplies hours after President Donald Trump said he expected the war to end…...
Surging tanker rates signal a deepening global energy crisis
3+ day, 22+ hour ago (644+ words) (Sept 10): Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners, producers and buyers grapple with a drawn-out conflict in the Persian Gulf and…...