President Donald Trump said he would intensify the US’s bombardment against Iran until it stops attacking ships in the Strait of Hormuz and agrees to open the waterway.
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Oil product inventories at Fujairah in the UAE inched up 0.2% in the week ended July 13, led by a 12% rise in light distillate stocks, according to Fujairah Oil Industry Zone data published July 15.…
Energy – Physical oil market sees renewed strength Oil prices managed to eke out a third day of gains amid few signs of de-escalation between the US and Iran. The US carried out additional strikes…
Petroleum markets in the second quarter of 2026 (2Q26) were characterized by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to…
The United Arab Emirates increased crude oil production by 1,707 thousand barrels per day to 3.818 million barrels per day in June 2026, the highest since April 2020, according to OPEC’s monthly…
European natural gas extended its rally for a fourth consecutive session, climbing toward €55 per MWh on Thursday, the highest level since March 30, as continued US attacks on Iran heightened fears…
Asian stock markets fell on Thursday, with South Korean shares leading regional losses as a sharp selloff in semiconductor stocks and renewed concerns over U.S.-Iran tensions around the Strait of…
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