How much oil is flowing through the Strait of Hormuz? Traders, energy executives and government officials are all trying to figure it out – but are reaching wildly different conclusions. It is, however, increasingly clear that this mystery has introduced a residual risk premium into crude prices that could remain deeply entrenched for months.

Smaller firms in developing countries pay 20 percent of the value of imported goods in import requirements, such as customs fees, other payments and fees paid to customs brokers or freight forwarders, according to UN Trade and Development (UNCTAD).

Commerce minister says at the 11th Belt and Road Initiative Summit

Brent crude futures were up $2.01, or 2.05 percent, at $99.93 a barrel by 0802 GMT, after earlier touching $100.19

The import ban is scheduled to take effect on September 29

Six commodity vessels transited the Strait of Hormuz yesterday, down from nine a day earlier and below the 10-day average of about 12, preliminary shipping data showed today.

Global diesel supply will remain tight due to a lack of spare refining capacity, Russia’s ban on exports and the approach of peak winter demand, senior industry executives said on Tuesday.

Malaysia’s data centres are consuming more power as temperatures rise, leaving a 9 gigawatt gas-fired capacity gap for the government to fill by 2032, officials said on Tuesday.

Canada’s retaliatory tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the North American neighbors heats up.

Crude oil shipments from Middle East producers are at about 11 million barrels per day (bpd) now

Imports swelled 28.2 percent, which was faster than July's 27.5 percent

Panama has declared a nationwide emergency over El Nino, a phenomenon developing over the Pacific Ocean that is affecting worldwide weather patterns and pushing up global temperatures.

China’s seaborne imports of crude oil ticked up in August from July but remained nearly 40 percent below levels before the start of the Iran conflict. China, the world’s biggest oil importer, saw seaborne arrivals of 7.14 million barrels per day (bpd) in August, from July’s 6.93 million bpd, according to data compiled by commodity analysts Kpler.

Nvidia said in a June report that it can eliminate water consumption almost entirely at some facilities when deploying DSX, its newest system for designing and managing AI data centers

Brent crude futures climbed 79 cents, or 0.82 percent, to $97.07

The dollar jumped on Friday after data showed that US employers added 162,000 jobs in August, well above the 56,000 additions expected by economists, boosting bets on a September Federal Reserve interest rate hike.

The US trade deficit in July widened to its largest since March 2025, government data showed Thursday, as imports climbed on the back of the booming AI tech build-out.

India’s stronger-than-expected economic growth figures have come under scrutiny after a former senior finance ministry official said the headline number may have been boosted by changes to past data.

European Union’s Ambassador Michael Miller yesterday called on the government to ensure a level playing field in Biman Bangladesh Airlines’ aircraft purchase, as the government is set to buy Boeing planes over European rival Airbus.

The unemployment rate was unchanged despite the labor force increasing by 683,000