Oilmarket
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US sanctions Chinese, Hong Kong shipping firms over Iranian oil deliveries
The United States Department of the Treasury imposed targeted financial restrictions on several mainland Chinese and Hong Kong entities for facilitating illicit Iranian crude transfers. Official announcements confirm that US sanctions…
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The Oil Market Absorbed the War Shock, but Buffers Are Running Low
As geopolitical gridlock continues to threaten international energy corridors, the shrinking of global oil supply shock buffers presents a major threat to global growth. The closure of the strategic Strait of Hormuz…
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Global Oil Stockpiles Alarm: Executives Warn of Dangerously Low Inventories
The global energy market is facing a silent but severe threat. Industry leaders are triggering an oil stockpiles alarm as the world continues to consume crude at an unsustainable pace.…