Europe outbids Asia for LNG as spot prices surge 150%
European buyers are paying up for liquefied natural gas even as Asian importers retreat from the spot market, with prices…
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Energy Giants Bet Billions on Floating LNG and Record VLCC Orders
Abu Dhabi's ADNOC investment arm XRG is reportedly considering buying up to 50% of Energos Infrastructure, a floating-LNG platform that…
Hormuz oil shock set to cut global fossil fuel emissions 0.5% in 2026
Global fossil fuel emissions are on track to fall roughly 0.5% in 2026, the first annual drop since 2020, as…
Iran’s oil exports fall over 80% amid US blockade of the Strait of Hormuz
Iranian crude and condensate loadings averaged just 220,000 to 260,000 barrels per day in August 2026, down from 1.7 to…
Crude oil shipping costs surge 258% to $24 a barrel as tanker rates cross $1 million a day
Supertanker charter rates have crossed $1 million a day for the first time as the US-Iran conflict pushes crude shipping…
