oil

Who’s really keeping fossil fuels alive? Taxpayers globally

Since the Iran war began, the oil cartel has added 940,000 barrels a day to quotas – equivalent to almost 1% of global demand.

Opec+ ratifies planned oil quota hike as Gulf flows rebound

The dramatic switch from famine to feast means that worries of an oil-led inflation spike from the biggest supply disruption on record are all but vanquished. 

Oil’s supply wave, tumbling prices rekindle fears of global glut

Some shipping has resumed through the Strait of Hormuz, as called for under the initial US-Iranian deal, but uncertainty is high.

Oil prices little changed as US-Iran peace efforts hold

Alberta Premier Danielle Smith (left) and Canada's PM Mark Carney announced plans regarding Alberta’s proposed west coast oil pipeline in Calgary, Alberta, Canada.

Canada PM Carney taps state-owned firm to build oil pipeline for growing Asian demand

The palm-oil market did not have a major reaction to Indonesia’s gradual roll-out of its expanded biofuel mandate this week.

Palm oil dips on weaker crude and Malaysian production outlook

As companies face a narrower window to secure supply, protect margins and manage energy costs, the turn to renewables is no longer just an ESG box to tick.

Waiting to transition to renewables is a losing game for companies

 Malaysia’s fuel supplies were sufficient to last until the end of August, with the government continuing efforts to secure additional reserves.

Malaysia expects energy price, supply instability for at least another year

Dubai’s convenient time zone, proximity to the Gulf’s sovereign wealth funds and favourable tax regime have drawn capital and jobs.

Dubai enlists businesses to help secure hub status after Iran war shock

Beijing has cut exports since March after the Iran war started, to ensure sufficient domestic fuel supplies.

China to raise refined fuel export allowance in July, sources say