European and British wholesale natural gas prices extended their downward march on Monday, dropping over 2% as growing evidence of maritime tankers securing alternative bypass routes around Persian Gulf choke points helped deflate extreme energy risk premia. The...

Read More

Ukraine has stepped up drone strikes on Russian refineries this year With 32 major refineries and roughly 6.5 million barrels per day (mb/d) of installed refining capacity, Russia has historically been the world’s third-largest producer of refined oil products, after...

Read More

Iron ore futures climbed above CNY 715 per ton on Monday, extending gains for a fourth consecutive session on expectations that Chinese steel mills will increase raw material purchases ahead of the long Golden Week holiday in early October. The demand outlook also...

Read More

Al-Wazir announced the figures during Egypt’s World Maritime Day celebration in Alexandria, held under the International Maritime Organization’s (IMO) 2026 theme, “From Policy to Practice: Powering Maritime Excellence.” The minister said cargo and container traffic...

Read More

Saudi Arabia’s ability to export oil is under severe strain as disruptions affect its major maritime routes and a key crude pipeline, creating a bottleneck for global energy markets. The Strait of Hormuz, the most viable route for shipments from Saudi Arabia’s eastern...

Read More