April 23, 2026

HSBC Downgrades Indian Equities Again as Oil Shock Deepens

HSBC has issued its second downgrade for Indian equities in a month citing the impact of the oil crunch caused by the war in the Middle East on the Asian […]

Oil Price

April 23, 2026

Japan Asks Saudi Arabia for More Oil Supply

Japan’s Prime Minister Sanae Takaichi on Thursday requested cooperation from the world’s top crude oil exporter, Saudi Arabia, in expanding energy deliveries to Japan amid the ongoing supply crunch. In […]

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April 23, 2026

Japan’s Japex To Quadruple Oil and Gas Production, Eyes U.S. Expansion

Japan Petroleum Exploration (Japex) has unveiled plans to invest 1.16 trillion yen ($7.3 billion) in exploration and production in a bid to quadruple oil and gas output over the next […]

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April 23, 2026

Chevron Restarts Wheatstone LNG Amid Global Gas Shortage

Chevron has restarted production of liquefied natural gas at its Wheatstone project in Australia after repairs prompted by cyclone damage in March. The repairs took a while due to the […]

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April 23, 2026

Russian Oil Resumes Flowing to Slovakia via Druzhba After Three-Month Halt Shafaq News

Oil flows from Russia to Slovakia via the Druzhba pipeline resumed early on Thursday, Slovakia’s Economy Ministry said, as supply via the infrastructure crossing Ukraine was restored after a nearly three-month […]

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April 22, 2026

Iran’s Covert Oil Trade Persists Despite U.S. Blockade

Iran continues to export its oil out of the Persian Gulf via the Strait of Hormuz using dark mode on tankers to move past the U.S. blockade outside the world’s […]

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April 22, 2026

China’s Oil Giants Begin Selling Crude as Refinery Cuts Deepen

The trading arms of some of China’s biggest state-owned oil giants have started selling crude for May loadings in a rare move from the majors that have cut refinery rates […]

Oil Price

April 22, 2026

Global Oil Inventories Drift Toward Record Lows

Global crude oil inventories are approaching a record low as the war in the Middle East continues, decimating tanker traffic via the Strait of Hormuz, Goldman Sachs commodity analysts have […]

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April 22, 2026

Australian State Bets on Biodiesel To Reduce Reliance on Oil

Australia’s state of Queensland will pour A$25 million in biodiesel production project in a bid to reduce its reliance on imported fuel amid a severe supply crunch resulting from the […]

Oil Price

April 22, 2026

Oil Flows via Druzhba Set To Restart Today

The flow of crude oil via the Druzhba pipeline from Russia to Germany will restart today, Reuters is reporting, citing an unnamed source. “Oil pumping is scheduled to begin tomorrow at […]

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April 21, 2026

Pakistan Is Now Paying a Record Premium for Fuel Imports

Pakistan is paying an all-time high premium of $34 per barrel on petroleum product imports amid the supply crunch caused by the war in the Middle East. Previously, Pakistan State […]

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April 21, 2026

U.S. Oil Exports Set to Hit Record High

The United States is set to export a record-breaking 5.44 million barrels of crude daily this month, data from Kpler cited by Reuters’ Clyde Russell has shown. In May, U.S. oil exports […]

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April 21, 2026

Oil Markets on Edge as Trump Signals No Ceasefire Extension Without Agreement

The United States is “highly unlikely” to extend the U.S.-Iran ceasefire that expires in the coming hours, U.S. President Donald Trump told Bloomberg News in a telephone interview late on Monday. The […]

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April 21, 2026

IEA: Strait of Hormuz Has Lost Its Status as Reliable Energy Route

The Middle East war and the crisis at the Strait of Hormuz could redraw the global energy map as world’s most critical oil chokepoint is no longer seen as a […]

Oil Price

April 20, 2026

U.S. Extends Sanction Waiver on Russian Oil for India

Days after saying it would not extend a sanction waiver for Russian crude sold to Indian refiners, the U.S. Treasury Department changed its mind and extended the waiver for two […]

Oil Price

April 20, 2026

Iran Issues Stark Warning Over U.S. Naval Blockade

Iran has warned the world that it cannot and would not guarantee safe passage through the Strait of Hormuz if the United States continues to attempt to restrict Tehran’s oil […]

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April 20, 2026

India Allows More Russian Ship Insurance as Oil Imports from Moscow Soar

India has recently raised the number of Russian insurers allowed to provide protection and indemnity (P&I) cover for ships docking at Indian ports, as Indian refiners are once again boosting […]

Oil Price

April 20, 2026

Gas Prices Dip Below $4 Per Gallon While Oil Prices Reverse Downtrend

The national average price of gasoline in the United States has dipped below the $4 mark for the first time in weeks, with data compiled by GasBuddy from more than 12 million […]

Oil Price

April 20, 2026

World’s Biggest Physical Oil Trader Warns of Months of Price Volatility

Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top […]

Oil Price

April 20, 2026

Kuwait Declares Force Majeure as U.S. Seizure of Iranian Ship Escalates Tensions

Kuwait has declared force majeure on shipments of crude oil and refined products after disruptions at the Strait of Hormuz prevented some vessels from entering the Persian Gulf. The move […]

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April 17, 2026

IMF Tells Europe Not to Repeat Its Costly Energy Crisis Mistakes

By Irina Slav – Apr 17, 2026, 3:30 AM CDT The European Union should not overdo fuel subsidies aimed at cushioning the oil shortage blow to businesses and consumers, the […]

Oil Price

April 17, 2026

First Crude Cargo Clears Hormuz Since U.S. Blockade Began

By Tsvetana Paraskova – Apr 17, 2026, 5:30 AM CDT A tanker flying the flag of Pakistan has just become the first vessel to ship crude out of the Strait […]

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April 17, 2026

Tanker Fleet Heads to Load U.S. Oil as Middle East Supply Crumbles

By Tsvetana Paraskova – Apr 17, 2026, 6:30 AM CDT Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the […]

Oil Price

April 17, 2026

India Pays in Yuan for Iranian Oil Purchases Under U.S. Waiver

By Charles Kennedy – Apr 17, 2026, 7:30 AM CDT Indian refiners that have bought Iranian crude under the one-month U.S. waiver on Iran’s oil on tankers are settling the […]

Oil Price

April 17, 2026

Oil Prices Sink 10% as Trump Announces Strait of Hormuz is Fully Open

By Michael Kern – Apr 17, 2026, 8:25 AM CDT Iran’s Foreign Minister Abbas Araghchi announced Friday that the Strait of Hormuz is “completely open” to commercial shipping for the […]

Oil Price

April 16, 2026

European Buyers Eye Canadian LNG to Diversify Supply

European energy companies are eyeing purchases of Canadian liquefied natural gas in search of supply diversification in challenging times, according to a Reuters report citing unnamed sources familiar with […]

Oil Price

April 16, 2026

Iran-Linked Tankers Test Limits of U.S. Hormuz Blockade

While Iran-linked vessels appear to steer clear of the U.S. blockade outside the Strait of Hormuz, several ships have undertaken lengthy and winding routes in recent hours to move […]

Oil Price

April 16, 2026

TotalEnergies Sees Q1 Profit Surge on High Prices, Strong Trading

Higher oil and gas prices and volatile energy commodity markets are set to more than offset production losses from the Middle East at French supermajor TotalEnergies, which expects significantly higher […]

Oil Price

April 16, 2026

Fire at Domestic Refinery Worsens Australia’s Fuel Supply Crisis

Australia’s fuel crisis in the wake of the Iran war just took a turn for the worse after a fire broke out at one of the only two refineries in […]

Oil Price

April 16, 2026

Iran Suspends Petrochemical Exports to Avoid Domestic Shortages

Iran has suspended all its petrochemical exports to ensure domestic supply amid reduced local availability following Israeli strikes early this month. The Islamic Republic is halting all exports to prevent […]

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