Tanker rates top $500,000 a day as Gulf producers reroute oil around Hormuz
Supertanker rates on the Gulf-to-China route have shot past $500,000 a day as shippers find workarounds to avoid the Strait…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
UK risks running out of gas by 2030s, ministers told
An official UK government assessment warns the country could run out of gas in the 2030s as North Sea production…
Brent Crude Breaks $90 as Treasury Yields Surge Toward 4.75%
Brent crude pushed decisively above $90 a barrel after the 60-day US-Iran ceasefire framework expired without a diplomatic path forward….
Rystad Cuts Russian Crude Forecast to 8.95 Million Barrels a Day
Rystad Energy has lowered its forecast for Russian crude output, pointing to sanctions, drone attacks on export infrastructure and shrinking…
Brent Crude Surges Toward $92 as US-Iran Ceasefire Expires
Brent crude has surged toward $92 per barrel as the US-Iran ceasefire lapses and attacks on Middle East oil infrastructure…
