In the waters off Malaysia, Iranian oil sales continue despite blockade
A large anchorage area off the coast of Malaysia is a major marketplace for sanctioned oil.
Gasoline futures surged on Wednesday to a two-year high while crude oil was down, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of U.S. refinery capacity, curbing demand for crude while raising the risk of fuel shortages.
A large anchorage area off the coast of Malaysia is a major marketplace for sanctioned oil.
America’s greatest rival is single-handedly averting a global energy crisis. No one knows how the country is doing it—or why.
While oil profits rise on the Iran war, energy giants risk political backlash; General Motors innovates its EV batteries; and China triples its energy investment in Africa.
The economic and humanitarian consequences of the June 24 twin earthquakes in Venezuela continue to emerge.