Jarle DragvikChief Executive Officer Good morning. Today, I am accompanied by Martin Holtet, who will present the financials and Michael Caspersen, who will give an update on market outlook.... Read more
KUALA LUMPUR, Malaysia (AP) — Malaysia ’s maritime agency says Iranian-linked tankers are exploiting “jurisdictional gaps” to conduct ship-to-ship transfers of sanctioned oil near its waters... Read more
Newsletter Sign-up The magnitude of the A.I. capital spending boom is historic and the dollar values are staggering. An estimate of A.I. capex spending for 2026 has doubled from a year ago.... Read more
Oil prices could rise further over the summer as rapidly depleting inventories pile more pressure on the market, the IEA said. The energy agency also flagged further demand destruction as a... Read more
(Corrects loading dates in final paragraph to April 17-20, not April 10-14) By Florence Tan, Jonathan Saul and Phil Stewart SINGAPORE, May 13 (Reuters) – The trading arm of Vietnam... Read more
Cuba is struggling with devastating nationwide blackouts as the United States’ effective oil blockade strangles fuel supplies. But this crisis may also be accelerating a China-backed clean e... Read more
(Bloomberg) — A Chinese oil supertanker appears to have exited the Strait of Hormuz as it sails toward an area where the US has enforced a blockade, ahead of talks between US President... Read more
Trucking and construction industry trade groups are pushing back against a proposal to temporarily pause the federal gas tax. The national average price of gas has risen steeply since the st... Read more
Oil prices haven’t spiraled out of control despite the historic supply disruption. Brent crude is trading below its Iran war highs even as the ceasefire looks increasingly fragile. Mor... Read more
Wolf Richter is the analyst at, and the publisher of, WOLF STREET, where he discusses business, finance, and money. Core focus: Federal Reserve, credits, equities, residential and commercial... Read more
