U.S.-Saudi consortium plans $5 billion Gulf refinery outside the Strait of Hormuz
A U.S.-Saudi consortium named MERA Oil is advancing plans for a $5 billion refinery in the Persian Gulf with a…
Metals & Energy News
Latest news on metals and energy commodities — copper, platinum, palladium and other commodity markets beyond gold, silver and oil.
WTI jumps nearly 4% after reports of Iranian missiles fired toward a US base in Jordan
Crude erased earlier losses in just ten minutes after reports that Iran fired ballistic missiles toward a US base in…
U.S. oil reserve falls to lowest level since 1983 as auditors flag aging infrastructure
The U.S. Strategic Petroleum Reserve has fallen to its lowest level since March 1983 after four years of emergency withdrawals…
Retail diesel climbs a third week as Brent slides, pushing the ULSD spread past $2/gallon
The DOE/EIA weekly retail diesel average rose 17.9 cents/gallon to $5.313/g, a third consecutive increase, while Brent crude settled 8.7%…
Brent Crude Tops $100 as Tanker Attacks and Ceasefire Collapse Revive Supply Fears
Brent crude has traded back above $100 a barrel for the first time in two months after Houthi attacks on…
