East-West pipeline attack: Saudi offers crude via Sohar Port, cancels European cargoes
Saudi Aramco has offered its flagship Arab Light grade, as well as Arab Medium and Arab Heavy, to Asian buyers for loading off Sohar...
Tag : Strait of Hormuz
Saudi’s East-West Pipeline shutdown threatens 4% of global oil supply
Saudi Arabia has shut down pipeline following drone attacks on the vital crude conduit, amid the war-related disruption in the Strait of Hormuz...
Geopolitical risks challenge global shipping rules, warns industry body
The Consultative Shipping Group warns that wars, contested chokepoints and a growing shadow fleet are threatening the rules underpinning global trade...
Iran war rewires Gulf trade, and infrastructure becomes the new oil
With the Strait of Hormuz all but shut for six months, Gulf states are ploughing billions into pipelines, ports and rail...
IF Insights: Global bond rout deepens as war, debt and AI collide
Borrowing costs from Tokyo to London have hit highs not seen in decades. The pressure is now leaking into equities, housing and emerging markets...
Powered by oil boom, Nigerian economy expands at its fastest pace in five years
Real GDP grew 4.43% in the three months through June, accelerating from 3.89% in the Q1, according to the Nigeria's National Bureau of Statistics...
UK energy price cap to rise 4% as government’s electricity VAT cut faces test
The increase, a 60-pound rise to 1,723 pounds (USD 2,348), will hit around 22 million British households on variable tariffs...
DP World to invest USD 3 billion for global expansion as Middle East disruption hits profit
The company has reported a 39% fall in first-half net profit to USD 585 million, even as revenue increased 13.1% year on year to USD 12.7 billion...
Glencore registers massive energy trading profits, pushes ahead with Australia listing
Glencore booked USD 2.66 billion in H1 adjusted EBIT from energy trading, up from just USD 40 million a year earlier...
IF Insights: Oil giants see Iran war windfall, bill lands somewhere else
Exxon, Chevron, Shell, BP and TotalEnergies earned close to USD 47 billion in the Q2 2026. Almost none of it came from doing anything new....