A fresh plan announced by US President Donald Trump to help vessels through the Strait of Hormuz has left shipping executives perplexed, as attacks continue and traffic remains at a near standstill.
The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said.
Russia said Ukraine attacked Primorsk port on the Baltic Sea, a key oil export hub, causing a fire that local authorities said was quickly extinguished.
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Japan’s prime minister is set to arrive in Australia to strengthen ties with one her country’s strongest allies as she seeks to build on an updated regional strategy laid out in Vietnam.
This weekend’s talks among OPEC+ nations provide the oil producer group with an opportunity to project unity after the shock departure of longtime member the United Arab Emirates.
The Philippine Coast Guard said four Chinese vessels were conducting illegal marine scientific research in its waters and threatened to deploy aircraft and boats to repel them.
