Key Points: The global oil market lost 13.7 million barrels of daily supply due to the ongoing conflict in Iran. Desperate nations drained 7.1 million barrels per day from strategic storage tanks throughout April to manage prices. Physical oil costs...
Key Points: Germany currently holds 3,350 tonnes of gold, valued at roughly €440 billion. A top economic researcher wants the government to sell some gold to ease high living costs. The Federal Reserve in New York City still holds 1,236 tonnes of the German wealth. Right-wing politicians demand that the country bring all its gold...
Key Points: TotalEnergies is running its Gonfreville refinery at exactly 100% capacity to ensure steady fuel supplies. The facility processes 250,000 barrels of crude oil every single day to meet heavy domestic demand. Shipping detours around the Cape of Good Hope add roughly 3,500 extra miles to global delivery routes. The company focuses heavily on...
Key Points: President Donald Trump ordered a naval blockade to force Iran to stop pumping oil. Analysts estimate that Iran has 1 to 2 months of oil storage left, though Trump claims it has 3 days. A complete halt in oil production risks permanent geological damage to Iranian energy fields. Crude oil prices sit near...
Key Points: U.S. crude prices climbed 2.85% to $97.05 a barrel due to restricted shipping in the Middle East. Major...
Key Points: A tanker holding 145,000 kiloliters of American crude oil arrived in Tokyo Bay on Sunday. The delivery marks...
Key Points: A coalition of United States budget airlines, including Frontier and Avelo, wants a $2.5 billion financial rescue package...
Key Points: Brent crude oil futures jumped over 2% to hit $107.4 a barrel during early trading on Monday morning....
Key Points: Mexican President Claudia Sheinbaum announced plans to export 1 million barrels of oil directly to Japan. Japan requested...
Key Points: Oil prices rise for the fifth straight day, longest streak since January. US-Iran talks stalled, threatening Persian Gulf...
Key Points: Oil prices rise for the fourth consecutive day. US and Iran remain in a stalemate over the Strait...
