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The ongoing disruption of oil exports through the Strait of Hormuz has caused a substantial decline in China's crude oil imports.
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It started last year as a pressure campaign at sea, with the United States seizing tankers as part of what President Trump called a “total and complete blockade”...
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Oil is the world’s most actively traded commodity, but forecasts vary as to whether it will start to wane in the decades to come. Understanding the changes sweeping through the oil industry and market today are key to understanding the outlook for economic growth, climate change, and geopolitical conflict.
The ongoing disruption of oil exports through the Strait of Hormuz has caused a substantial decline in China's crude oil imports.
The economic and humanitarian consequences of the June 24 twin earthquakes in Venezuela continue to emerge.
The White House declared last week that President Trump finally "broke OPEC" after the United Arab Emirates withdrew from the cartel.
The US blockade of tankers serving Iran's oil exports is intended to cut Iranian oil exports to near-zero.
Iran has expanded its storage infrastructure over the past decade to levels that may be sufficient to handle up to two or three weeks of crude exports at pre-war levels.
