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Asia's Crude Buying Spree Is Running Out of Steam

Asian refiners have reduced their spot purchases of Middle East crude for loading this month and next, following three weeks in which they had purchased millions of barrels of UAE, Saudi, and Iraqi crude. Lingering uncertainties about the navigability of the Strait of Hormuz and high freight costs have deterred Asian buyers from continuing the buying spree that began earlier this month, with millions of barrels of Abu Dhabi crude snapped up in spot trades. Incentives to Buy Immediately Wane Yet, refiners in Asia have spent the better part of the…

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Asian refiners have reduced their spot purchases of Middle East crude for loading this month and next, following three weeks in which they had purchased millions of barrels of UAE, Saudi, and Iraqi crude. Lingering uncertainties about the navigability of the Strait of Hormuz and high freight costs have deterred Asian buyers from continuing the buying spree that began earlier this month, with millions of barrels of Abu Dhabi crude snapped up in spot trades. Incentives to Buy Immediately Wane Yet, refiners in Asia have spent the better part of the…

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https://oilprice.com/Energy/Energy-General/Asias-Crude-Buying-Spree-Is-Running-Out-of-Steam.html

الوثيقة الرسمية لدى الجهة التنظيمية. استشهد دائماً بهذا الرابط — لا بصفحة تفاصيل Vantage — في أدلة الامتثال.

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INTEnergy Newsoilprice:oilprice-article-44757أخبارIn force

The $7 Trillion AI Boom Is Running Out of Power

Forget the chips. Forget the code. The most expensive, in-demand commodity in the entire $3-trillion AI revolution is not a patented algorithm or a new Nvidia GPU. It's power. Specifically, a secure, high-voltage connection to the electrical grid that can deliver $100-500 million worth of juice to a new data center. Right now, the largest, richest companies on Earth—Google, Microsoft, Amazon—are in an unprecedented global land rush for energy. They are competing with small cities, massive manufacturing plants, and each other, all because…

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INTEnergy Newsoilprice:oilprice-article-44754أخبارIn force

Colombia's Cocaine Trade Now Outearns Its Oil Exports

Drug lords in Colombia are making more money from cocaine than the government is making from crude oil sales, a report from a Colombian university has found. At $16.5 billion for 2024, cocaine revenues surpassed oil export revenues, which stood at around $15 billion that year, UPI reported, citing the research from EAFIT University. Oil export revenues, however, remain Colombia’s largest export revenue generator, the research showed. Together with coal exports, oil exceeds the illicit trade in cocaine. Still, cocaine revenues in 2024 were…

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INTEnergy Newsoilprice:oilprice-article-44752أخبارIn force

Geothermal Could Power 65 Million U.S. Homes by 2050, DOE Says

“It’s going to be the decade of geothermal,” Cindy Taff, chief executive of geothermal company Sage Geosystems, told The Hill in February of 2025. Over a year later, it is becoming increasingly evident that Taff is definitely onto something. Although geothermal energy is still a tiny sector and faces some significant headwinds when it comes to its up-front installation and development costs, it has numerous competitive edges over other, more common energy sources. It’s clean, it’s constant, it’s politically popular,…

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INTEnergy Newsrigzone:https://www.rigzone.com/news/wire/oil_rebounds_after_hormuz_ship_attack-25-jun-2026-183992-article/?rss=trueأخبارIn force

Oil Rebounds After Hormuz Ship Attack

Crude rallied as new shipping disruptions overshadowed expectations of increasing global oil supplies and weaker demand.

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INTEnergy Newsoilprice:oilprice-news-44758أخبارIn force

SpaceX Wants to Fuel Its Mars Ambitions With Its Own Gas Pipeline

SpaceX has spent years trying to reinvent rockets. Now it's coming after midstream. The aerospace giant plans to begin construction next month on an eight-mile natural gas pipeline dubbed "Starpipe" that will feed its Starbase launch facility in South Texas, according to filings reviewed by Reuters. The pipeline is expected to be operational by January and marks the latest step in Elon Musk's increasingly ambitious plan to control nearly every link in the Starship supply chain. Starship burns liquid methane—a lot of it. Each launch consumes…

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