US sanctions Chinese refinery for buying Iranian crude as blockade and stalled nuclear talks keep oil supply risk high
The US Treasury has sanctioned a major Chinese refinery for buying Iranian crude, an ongoing naval blockade is pushing Iran's...
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
US Strategic Petroleum Reserve Falls to Lowest Level Since 1983
The U.S. Strategic Petroleum Reserve has fallen under 300 million barrels, its lowest level since 1983. Prediction markets have nudged...
Falling diesel exports from Russia and the Middle East squeeze global crude supply
A widening diesel shortage, driven by falling exports from the Middle East and Russia, is tightening the global crude oil...
India orders oil firms to raise LPG output as Middle East conflict threatens Gulf supply
India has ordered its oil companies to raise output of liquefied petroleum gas (LPG) as the Middle East conflict raises...
Electric aviation could erode jet fuel demand on short routes before it touches long-haul flying
Electric aircraft are moving from prototype to real flights faster than their share of the global fleet suggests, and one...
