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(Bloomberg) — World governments stepped up efforts to calm energy markets as the effective closure of the Strait of Hormuz, a pivotal supply route, showed no sign of ending and Iran continued attacks across the region. Read More
(Bloomberg) — China’s vast reserves of crude oil are giving its refiners breathing space as war in the Middle East roils production and shipping — a payoff from years of stockpiling and diversifying supply. Read More
(Bloomberg) — Gold advanced after a report that the International Energy Agency is proposing the largest-ever release of oil reserves to ease a supply shock caused by the war in the Middle East. Read More
(Bloomberg) — As the war in Iran sent oil prices soaring, one market holding up unexpectedly well is that of the world’s largest crude importer: China. Read More
(Bloomberg) — A record rally in South Korean stocks is spurring a wave of share sales by existing holders, a trend set to accelerate as companies unwind cross-shareholdings and simplify ownership under a corporate governance overhaul, according to JPMorgan Chase & Co. Read More
(Bloomberg) — The Thai government is widening efforts to curb demand for fuel, as it bleeds cash fighting to keep domestic diesel prices artificially low amid surging global energy costs. Read More
Ad hoc announcement pursuant to Art. 53 LR Read More
(Bloomberg) — President Donald Trump said the US will get its first new oil refinery in 50 years with the help of investment from India’s Reliance Industries Ltd. Read More
(Bloomberg) — Some shipowners are avoiding Fujairah — a major oil port just outside the Strait of Hormuz — prompting cancellations that should allow producers to resell the cargoes at a higher price. Read More
(Bloomberg) — Oil gave up earlier gains and fluctuated near $87 a barrel after the Wall Street Journal reported that the IEA is proposing a record release of reserves to tackle elevated prices triggered by the Iran war. Read More
