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Keywords: Global energy
The International Energy Agency (IEA) has lowered its forecast for global oil demand growth as the continuing conflict in the Middle East disrupts production, trade flows and energy markets. The revision reflects growing uncertainty over economic activity and fuel consumption as geopolitical tensions......
Global fuel oil markets are facing the prospect of a significant supply shortage in the third quarter as disruptions linked to the war in the Middle East encourage refineries to prioritize higher-demand products such as diesel, gasoline and jet fuel. Energy consultancy Energy Aspects estimates that......
Ukrainian attacks targeting Russian energy infrastructure are adding pressure to global energy markets, according to comments by U.S. Treasury Secretary Scott Bessent. The attacks have increasingly focused on facilities linked to Russia’s oil and energy sector, raising concerns about potential......
U.S. President Donald Trump has said oil shipments passing through the Strait of Hormuz have almost recovered to the levels recorded before the latest escalation with Iran, pointing to a significant improvement in commercial traffic through the strategically important waterway. In a post on his Truth......
Only six commercial vessels crossed the Strait of Hormuz on Wednesday, according to preliminary shipping data, highlighting the continued disruption affecting one of the world's most important maritime energy routes. Data from shipping intelligence company Kpler, recorded as of 04:05 GMT on Thursday,......
U.S. military forces have diverted 86 commercial vessels and stopped three others since Washington imposed a blockade on Iranian ports in mid-July, according to U.S. Central Command (CENTCOM). In a statement published on X, CENTCOM said that as of September 2, American forces had redirected 86 commercial......
Morocco is attracting renewed interest from international investors in the green hydrogen sector, with Swiss company H2 Global Energy studying two projects in the country that could represent a combined investment of more than $3.6 billion. The proposed developments, planned for Beni Mellal and Tangier,......
U.S. President Donald Trump said Wednesday that American forces are prepared to launch further strikes against Iran “at any time,” following the resumption of hostilities between the two countries after roughly a month of relative calm. Speaking to reporters, Trump described the latest U.S.......
U.S. President Donald Trump has floated the idea of renaming the Strait of Hormuz the “Trump Strait” after claiming that the United States has gained control over the strategically vital waterway. In a post on his Truth Social platform, Trump asked whether the strait should be renamed now......