The total volume of oil passing through the Strait of Hormuz stands around a staggering $600 billion. While a blockade of the strait is considered a distant possibility, its closure could ripple across global supply chain networks. In particular, Japan, China, and India would be impacted the most. Furthermore, a shock to oil prices would...Continue Reading

Germany’s Offshore Wind Sector Stalls | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 23, 2025, 11:30 AM CDT Germany’s offshore wind power installations stagnated in the first half of 2025, with 9.2 gigawatts (GW) as of June 30, the same as at end-2024, German...Continue Reading

Precious Metal Prices Surge Amid Geopolitical and Economic Uncertainty | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Jul 23, 2025, 11:00 AM CDT Platinum saw a...Continue Reading

Oil Price Swings Challenge Big Oil Trading Profits | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Jul 23, 2025, 10:30 AM CDT While analysts and investors largely expect to see lower earnings at the world’s top oil and gas majors...Continue Reading

U.S. crude oil inventories fell by 3.169 million barrels in the week ending July 18, the Energy Information Administration (EIA) reported on Wednesday, broadly confirming the earlier API estimate but with a steeper decline. Analysts had expected a more modest draw, reinforcing signs of strong refining activity and steady demand amid peak summer travel. Inventories...Continue Reading

TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. SourceContinue Reading

Lucid Motors Forges Alliance for U.S. Battery Materials | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Jul 23, 2025, 9:45 AM CDT Lucid Group (NASDAQ: LCID), an electric vehicle manufacturer, announced Wednesday a collaboration with several critical mineral producers aimed...Continue Reading

EU Sanctions Disrupt Fuel Exports of Indian Refiner Nayara Energy | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 23, 2025, 9:30 AM CDT Indian refiner Nayara Energy, in which Russia’s top oil firm Rosneft holds 49%, is already experiencing disruption to its fuel exports,...Continue Reading

European Commission President Ursula von der Leyen and European Council President Antonio Costa will meet with the Chinese president and prime minister in Beijing on July 24 in what is expected to be a tense EU-China summit with the war in Ukraine and a potential transatlantic trade war looming large in the background. Brussels will...Continue Reading

Trump Hints at U.S.-Japan LNG Joint Venture | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 23, 2025, 8:00 AM CDT As U.S. President Donald Trump touted “the largest trade...Continue Reading