energy supply

QatarEnergy extends LNG force majeure to end of 2026

QatarEnergy has told Italy's Edison and several South Asian buyers that they will not get liquefied natural gas from the Gulf supplier before the end of December. The extension of force majeure means customers in Europe and Asia head into…

Hormuz crude flows rebound, but diesel stays scarce

Tankers are carrying crude oil through the Strait of Hormuz in volumes close to prewar levels again. Very little diesel and other refined fuel is moving with it, though, and damaged Gulf refineries are keeping the world short of the…

Global diesel tops $220 a barrel as Gulf, Russia supply collapses

The global diesel market is buckling under the weight of two converging supply shocks that have stripped more than 1.6 million barrels per day of diesel and gasoil from international trade since February, pushing prices in the United States and…

Asian refiners brace for supply crunch as Aramco stays silent on pipeline repairs

Asian refiners are bracing for tighter sour crude supplies after Saudi Arabia shut its East-West oil pipeline following drone attacks on Friday, with at least four processors still waiting for official word from the kingdom on whether loadings at the…

Oil on track for biggest monthly surge since March amid U.S.-Iran conflict

Oil prices edged higher in Asian trade on Friday, remaining on track for a monthly gain of more than 20% as renewed military exchanges between the United States and Iran and an expanding regional conflict stoked fears of prolonged supply…