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Rigzone·Jun 23·1 min read

Crude Extends Losses

Crude oil prices have extended their downward trajectory as geopolitical risk premiums evaporate following a landmark interim peace agreement between the United States and Iran. This diplomatic breakt

Tanker Owners Are Having the Best Week of the Hormuz Crisis

The tentative reopening of the Strait of Hormuz has triggered a massive surge in tanker chartering rates, rather than a cooling of the market, as Middle Eastern

OilPrice·Jun 23

Saudi Arabia’s Decided Who Its Future Superpower Partner Is, And It’s Not the US

Saudi Arabia is strategically pivoting its long-term geopolitical and energy alliance toward China, marking a historic departure from its traditional security-f

OilPrice·Jun 23

Europe’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed Networks

Italgas has launched a massive €15.6 billion ($14.8 billion) strategic investment plan through 2032, prioritizing the deployment of artificial intelligence and

OilPrice·Jun 23

Qatar Says Ras Laffan Blast Will Not Affect LNG Exports

An explosion at Qatar's massive Ras Laffan industrial complex has resulted in tragic casualties but is not expected to disrupt global liquefied natural gas (LNG

Offshore Energy