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Tensions drive WTI close to $100 and Brent above $111 as Hormuz risks weigh on global energy markets

Banking Staff Writer -
Geopolitical deadlock in the Strait of Hormuz pushes oil prices toward post-Ukraine conflict highs. Oil prices continued their upward climb in early trading on Wednesday,...

Will oil prices increase or decline in the months following the UAE’s exit from OPEC?

Business Staff Writer -
Several analysts expect limited short-term impact, but see greater uncertainty over the long term. Dubai: The UAE’s decision to leave the Organization of the Petroleum...

First LNG tanker passes through Hormuz chokepoint after weeks of disruption: Report

Business Staff Writer -
Mubaraz tanker’s transit through Hormuz signals a possible easing in Gulf tensions. New Delhi: The first liquefied natural gas (LNG) shipment since the West Asia...

More ASEAN nations turn to Russian fuel as Hormuz Strait disruptions strain global energy supplies

Asia Staff Writer -
Southeast Asia turns to Moscow for fuel as Strait of Hormuz disruptions and price spikes shake global energy markets. Manila: Several Association of Southeast Asian...

US crude tanker delivers crude to Japan in landmark shipment

Energy Staff Writer -
A shipment of 910,000 barrels of US-produced crude from Texas has arrived in Tokyo Bay after a 35-day voyage. Tokyo: A tanker carrying about 910,000...
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