Record US Diesel Prices Squeeze Farmers and Threaten Higher Food Costs

Record US Diesel Prices Squeeze Farmers and Threaten Consumer Food Costs U.S. farmers face operational hurdles during peak harvest season as national diesel prices average $6.29 per gallon, marking a … Read More

Strait of Hormuz Shipping Traffic Rises Slightly Amid US-Iran Tensions

Shipping traffic through the Strait of Hormuz rose slightly this week, with visible commodity vessel transits ticking up to 10 on Wednesday according to Kpler data, even as a broader … Read More

China Resumes Oil Stockpiling in July Despite Middle East Supply Disruptions

China unexpectedly added 210,000 barrels per day to its crude oil stockpiles in July as weak refinery processing outweighed a sharp drop in imports. The Bottom Line Inventory Rebound: China … Read More

Strait of Hormuz Shipping Traffic Plummets Amid Escalating Hostilities

Amid ongoing Middle Eastern hostilities and a persistent stalemate in peace negotiations, commercial operators continue to steer clear of the vital energy corridor, severely squeezing global shipping lanes and supply … Read More