August 14, 2026 Middle East Oil Tankers Are Going Dark for Longer Not only is a growing number of tankers moving stealthily with transponders switched off at the Middle East’s two key chokepoints, but the time of the so-called dark mode movements […] Oil Price
August 14, 2026 Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on Friday following an overnight drone attack from Ukraine. A fire […] Oil Price
August 14, 2026 Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil North Asian refiners have increased buying activity to secure U.S. crude oil supply as an alternative to the Middle Eastern crude that may not make it outbound from the Strait […] Oil Price
August 14, 2026 Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project Kazakhstan has alleged in a confidential arbitration case that some of the biggest international oil firms that have developed the giant Kashagan oilfield awarded $10.7 billion worth of contracts with […] Oil Price
August 13, 2026 Alaska LNG Pipeline Bill Dies in Legislature, Governor Fires Back A bill about the construction of a pipeline for liquefied natural gas has failed to secure sufficient votes in the state’s legislature, prompting a sharp reaction from Governor Mike Dunleavy […] Oil Price
August 13, 2026 India Eyes Two New Sites to Expand Strategic Oil Reserves State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the world’s third-largest crude oil importer looks to boost its energy […] Oil Price
August 13, 2026 Oil Shocks Could Accelerate EV Adoption, WoodMac Says Oil supply disruptions, high fuel prices and faster battery innovation could give electric vehicle adoption a fresh push, with consequences for oil demand, power grids and metals markets, Wood Mackenzie […] Oil Price
August 13, 2026 Romania Shuts Down Last Nuclear Reactor As Danube Hits 90-Year Low Romania on Thursday began shutting down its only remaining operating nuclear reactor as record-low water levels on the Danube have forced nuclear power shutdowns in central and eastern Europe in […] Oil Price
August 12, 2026 Russia Imports Indian Fuel as Refinery Crisis Deepens Russia has started importing fuels from India, Bloomberg reported today, citing Kpler data that shows one cargo of 42,000 tons of gasoline from Nayara Energy’s Vadinar refinery arriving in Russia […] Oil Price
August 12, 2026 Tanker Data Contradicts U.S. Claim That Middle East Oil Flows Have Normalized Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, U.S. Secretary of Energy Chris Wright said on Tuesday in a claim that appears not […] Oil Price
August 12, 2026 UK Warns of Tighter Power Margins During Eclipse The UK could see a power supply margin shortfall during the solar eclipse on Wednesday amid high demand in the new heatwave that is sweeping through Britain and the rest […] Oil Price
August 12, 2026 IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter The IEA has slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz […] Oil Price
August 12, 2026 Trump Puts 81 Million Gulf Acres Up for Oil and Gas Auction The Trump administration will put oil and gas leases covering more than 81 million acres in the Gulf of Mexico up for auction on Wednesday, August 12, in the third of […] Oil Price
August 12, 2026 Ukraine Halts Oil Tanker Attacks on JD Vance Request The Ukrainian forces have reportedly suspended drone attacks on oil tankers at the port of Novorossiysk following a request by U.S. Vice-President JD Vance, the Financial Times wrote today, citing unnamed Ukrainian […] Oil Price
August 11, 2026 Global Gas Turbine Orders Hit Record High as Power Demand Surges Global orders for gas turbines have hit a record high as demand for power generation surges, according to JP Morgan. New gas turbine orders in the second quarter stood at […] Oil Price
August 11, 2026 Libya Weighs Force Majeure After Drone Attacks on Zawiya Oil Hub Libya’s National Oil Corporation may declare force majeure on exports from the Zawya oil terminal as a result of drone attacks on the facility. The Zawya terminal has a daily […] Oil Price
August 11, 2026 China’s Teapot Refiners Poised to Ramp Up Iranian Oil Buying China’s independent refiners are likely to return to buying higher volumes of Iran’s crude oil this month as stockpiles in Shandong, home to the independent Chinese refiners, have dropped to […] Oil Price
August 11, 2026 Hormuz Traffic Sinks to Six Vessels Monday as Iran Talks Stall Again Vessel traffic at the Strait of Hormuz continues to decline as last week’s hopes of negotiations of a U.S.-Iran deal began to fade, yet again. On Monday, only six commodity vessels […] Oil Price
August 11, 2026 OPEC Output Climbs Again, But Still Trails Quota Targets OPEC’s total oil production jumped by 1.17 million barrels per day in July from June as many Gulf producers restored some output that was shut in for three months due […] Oil Price
August 10, 2026 Oil Prices Rise as Iran Hardens Hormuz Demands Crude oil prices began this week with a gain following a statement by Iran setting six demands for a peace deal with the United States and claims from the Houthis that they […] Oil Price
August 10, 2026 Hormuz Tensions Surge After Reports of Another Tanker Strike Iran has reportedly hit another tanker in the Persian Gulf, off the coast of Oman, setting it on fire, Gulf News reported earlier today, noting the information had yet to be verified. […] Oil Price
August 10, 2026 ADNOC Gas Unveils $8.2 Billion Expansion Push ADNOC Gas, the gas business of the Emirati energy major, will spend more than $8 billion on its Rich Gas Development project, the company said today, as it eyes 60% growth in […] Oil Price
August 10, 2026 Kazakhstan Weighs New Routes as Drone Strikes Squeeze Black Sea Oil Exports Kazakhstan is looking to re-route part of its crude oil exports away from its Black Sea export terminal and on pipelines through Azerbaijan, Georgia, and Turkey amid continued threats to […] Oil Price
August 10, 2026 Heat Waves Could Cost the EU 1% of GDP, Dutch Bank Says This year’s heat waves and related productivity declines and lower agricultural output could erase as much as 1% of the gross domestic product of the European Union, wiping out most […] Oil Price
August 7, 2026 Oil Prices Jump as Houthi Attacks Raise Saudi Supply Risks The Yemeni Houthis have struck Saudi Arabia’s southern province of Najran in the latest flare-up of Middle Eastern hostilities, killing 11 civilians, Reuters has reported, citing a spokesman for the […] Oil Price
August 7, 2026 China’s Crude Imports Bounce Back After Historic June Slump China’s crude oil imports reversed an earlier decline, rising by 22% from June to an average daily of 8.45 million barrels, or a total of 35.73 million tons, Bloomberg reported today, citing […] Oil Price
August 7, 2026 India’s Crude Oil Output Falls for Third Straight Year India’s crude oil production fell for the third consecutive financial year in 2025/2026, the government said as it launches a push to boost offshore oil and gas exploration. India’s crude output fell […] Oil Price
August 7, 2026 India Remains Dependent on Imports for 90% of Oil Demand Despite a decline in dependence on primary energy imports, India remains highly dependent, at a massive 90%, on crude oil imports for its consumption, a new industry report has shown. India’s dependence […] Oil Price
August 6, 2026 Iran and Oman Near Landmark Deal to Manage Strait of Hormuz Iran and Oman are close to agreeing on joint management of the Strait of Hormuz, media have reported, citing a statement by Iran’s foreign ministry spokesman, Esmaeil Baghaei. Crude oil […] Oil Price
August 6, 2026 U.S. Diesel Exports Hit Record High as Domestic Stockpiles Slide Diesel fuel exports from the United States hit an all-time high last week, driven by shortages of the fuel in other parts of the world as a result of the […] Oil Price
