Oil Climbs but Truce Hopes Cap Gains
Analysts warn current prices understate the severity of supply disruptions and recovery timelines.
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Iran Threatens Gulf Ports as Trump Vows Hormuz Blockade
Iran said it would target all ports in and close to the Persian Gulf if its own shipping hubs are threatened.
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India Piles Up Export Tax on Diesel, Jet Fuel
India more than doubled export duties on diesel.
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Eni Invests $70MM in Canadian Battery Feedstock Project
Eni committed $70 million in equity investment to Nouveau Monde Graphite and plans to place an order of 15,000 tpa of graphite concentrate from phase 2 of NMG's Matawinie Mine project in Canada.
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Petrobras to Take Back Petronas Co-Projects in Campos Basin
State-owned Petrobras will assume full ownership by acquiring Malaysian counterpart Petronas' 50 percent stakes for $450 million.
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BP's Delaney Proposed to Succeed Stern as OMV CEO
OMV's executive board proposed Emma Delaney, outgoing customers and products executive vice president at BP, as replacement for Alfred Stern and the Austrian state-backed energy company's first female CEO.
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Oman Offers 5 Oil and Gas Leases
The Gulf country's Energy and Minerals Ministry opened bidding applications for five new oil and gas concession areas.
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Trump Vows Hormuz Blockade after Failed Talks
The negotiations collapsed because of differences over the nuclear issue, Trump said.
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Airport Group Warns Europe Risks Jet Fuel Crunch in Weeks
Europe faces a systemic jet-fuel shortage in three weeks' time if the Strait of Hormuz remains restricted until then, a regional airport trade association warned.
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Oil Flows from Saudi Port Steady for Now despite Attack
Saudi Arabia's oil exports via the Red Sea are holding steady for now, as the impact of a drone attack on its vital cross-country pipeline has yet to filter through.