China's car sales plunged in April as gasoline vehicle demand collapsed and EV sales failed to fully offset the decline.
The Bank of Canada says Middle East geopolitical tensions and U.S. trade risks are now the biggest threats to Canada's economy, replacing tariffs as the top concern.
China's LNG imports are recovering as summer demand expectations and shifting price incentives draw buyers back to the market.
Analysts at Standard Chartered expect physical crude prices to rebound once reserve releases end and refinery demand rises again, unless a geopolitical deal eases supply disruptions.
The U.S. lost its rare earth processing expertise decades ago, and rebuilding it is proving far harder than mining the materials themselves.
The Trump Administration is exploring 'creative' ways to refill the Strategic Petroleum Reserve, including potentially drilling for oil beneath U.S. military bases and federal lands.
Brent crude nears $110 as Trump warns the Iran ceasefire is on 'life support,' while Gulf producers signal oil infrastructure repairs may stretch into 2027.
Exxon, Shell, and Repsol placed record bids in Alaska's latest lease sale, while projects like Willow and Pikka are expected to help reverse Alaska's long-term production decline.
Suriname's long-delayed offshore oil boom is accelerating as major projects move forward and global energy markets increase interest in the emerging petroleum frontier.
NNPC has signed a new refinery rehabilitation deal with Chinese firms Sanjiang Chemical Company Limited and Xinganchen Fuzhou Industrial Park Operation and Management Co. Ltd
Traders executed massive sell orders in Brent, WTI, gasoline, and diesel futures shortly before ceasefire announcements, strike delays, and Strait of Hormuz reopening news, with some accounts reportedly achieving win rates as high as 93%.
Global oil inventories are plunging at record speed as strategic reserves and commercial stockpiles are drained to offset lost Middle East supply.
India is urging the United States to extend a sanctions waiver allowing purchases of Russian oil already loaded onto tankers as Indian imports of Russian crude climb to record highs.
India is scrambling to contain a worsening oil shock as the Hormuz closure batters the rupee, drains reserves, and threatens fuel price hikes.
Trump heads to Beijing Thursday for talks with Xi spanning Iran's oil blockade, rare earths, U.S. energy sales and nuclear arms with Brent crude above $103.