Otobong Tommy

Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel in the second quarter, far outpacing rivals and lifting its profit.

Shipping through the Strait of Hormuz slowed over the weekend after tanker attacks, with only five commodity vessels crossing on Saturday and none on Sunday.

India’s power regulator will let clean energy developers pay daily fees to keep their grid connectivity after missing project deadlines, rather than lose access.

At least four Asian refiners bought US crude this week as the blocked Strait of Hormuz forced them to secure alternative supplies beyond the Gulf.

Russian crude made up a record 50.83 percent of India’s oil imports in July, or 2.47 million bpd, even as US tariff threats loom.

A global gas turbine boom could boost Nigeria’s gas exports but starve its own power plants of fuel, deepening a long-running domestic supply gap.

Oil prices fell on Thursday as a weaker demand outlook and a sharp rise in US crude stocks outweighed supply disruptions and a US-Iran deadlock.

Petrovietnam Gas is sounding out suppliers for a five-year LNG contract that would be Vietnam’s second term deal after this year’s agreement with Shell.

Oil prices rose in volatile trade on Wednesday after attacks on two ships and stalled US-Iran talks renewed worries about Middle East supply disruptions.