Oil
Oil Jumps as Hormuz Stays Shut After Trump Rebuffs Iran’s Offer
Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz.
China’s Energy Imports Plunge as War Chokes Hormuz Shipments
Chinese energy imports fell sharply in April, as the near-halt to shipments through the Strait of Hormuz choked a vital channel for crude oil and natural gas.
Small US Trader Moves Into Commodity Giants Vitol, Trafigura’s Venezuela Oil Turf
George E. Warren LLC, a US oil trading firm based in Florida, broke into Venezuela oil trading, a market that had been largely dominated by commodity powerhouses Trafigura Group and Vitol Group since the ouster of former President Nicolas Maduro earlier this year.
