July 3, 2026 Japan’s LNG Imports Fall 7% as Utilities Chase Cheaper Coal Japan last month reduced gas-fired generation in favor of coal as the price of liquefied natural gas remained elevated despite multiple reports of energy flows out of the Strait of […] Oil Price
July 3, 2026 Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return Oil futures were on track to post their fourth consecutive weekly loss early on Friday as the tentative reopening of the Strait of Hormuz and the uptick in oil flows weigh […] Oil Price
July 3, 2026 India Denies Directly Exporting Fuel to Russia, But Admits Traders May Be Indian refiners are not directly exporting any refined petroleum products to fuel-starved Russia, although some supplies from traders are likely reaching Russia, India’s Oil Minister, Hardeep Singh Puri, has said. Reports […] Oil Price
July 3, 2026 Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, says Citigroup, which expects flows through the Strait of Hormuz to soon normalize […] Oil Price
July 2, 2026 Chinese Teapots Snap Up Middle East Crude As Prices Slide Chinese private refiners are buying Middle Eastern crude on the spot market amid falling prices, Bloomberg reported today, citing two purchases of Saudi and Emirati crude. According to the report, one teapot […] Oil Price
July 2, 2026 EU Bows to Tech Lobby, Drops Ten-Year Renewables Rule for Data Centers The European Union has given in to pressure from Big Tech to water down its strict low-carbon energy requirements in order to pursue its AI agenda as the U.S. and […] Oil Price
July 2, 2026 Iran Exports Crude at 20% Premium Even as Unsold Barrels Pile Up at Sea Crude oil in floating storage off the Iranian coast is on the rise amid reluctance among buyers, Bloomberg reported today, citing data from Vortexa and its own calculations, suggesting some […] Oil Price
July 2, 2026 India Fast-Tracks State Company Stake Sales to Cover Oil Shock Costs India is accelerating a plan to sell stakes in major state-held companies as it looks to raise billions of U.S. dollars to plug the gap left by the oil shock […] Oil Price
July 2, 2026 Kuwait Wants Consortiums to Bid for $7 Billion Oil Pipeline Deal Kuwait’s state oil firm, Kuwait Petroleum Corporation (KPC), has asked some of the asset management funds bidding for a stake in its oil pipeline network to tap other investors in […] Oil Price
July 2, 2026 Nigeria’s NNPC Revenue Drops in May Despite Higher Oil Output NNPC Limited booked lower revenues in May compared to April despite the higher crude oil and condensate production, the latest monthly figures by the Nigeria’s state oil and gas firm showed. […]
July 1, 2026 America Bets $50 Billion on Coal and Gas Power as Electricity Demand Soars U.S. companies are set to spend some $50 billion on power generation from coal and natural gas this year, the International Energy Agency has said, as quoted by the Financial Times. This […] Oil Price
July 1, 2026 Oil Prices Reflect Optimism That Hormuz Has Yet to Justify Crude oil prices ended the second quarter of the year with the steepest decline since 2020, with Brent shedding close to 40% on optimism about a peace deal between the […] Oil Price
July 1, 2026 Japan’s Biggest LNG Buyer Creates Standalone Trading Arm Japan’s JERA is creating a wholly-owned subsidiary to develop and manage its LNG, upstream, low-carbon fuels, and shipping businesses, the biggest Japanese LNG importer and largest power producer said on Wednesday. The […] Oil Price
July 1, 2026 Goldman Sachs Warns Oil Inventory Rebuild Won’t Prevent 2027 Supply Glut The coming global race to rebuild depleted oil inventories will not be enough to offset a massive glut that’s coming to the market next year, as traffic through the Strait […] Oil Price
July 1, 2026 Eni Forms Trading Venture With Mercuria to Boost Commodity Profits Eni is forming an energy commodity joint venture with global trader Mercuria as the Italian energy major eyes higher profits to rival the most active traders among the European energy […] Oil Price
June 30, 2026 New Report Says U.S. Led Global CO2 Emissions Growth in 2025 A report has criticized the United States for leading global carbon dioxide emissions growth in 2025, saying the country accounted for around 30% of the global increase in emissions. The […] Oil Price
June 30, 2026 Trump Pressures Gas Stations to Slash Prices “Immediately” President Donald Trump has scolded fuel retailers for failing to cut prices at the pump, saying in a social media post “Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high […] Oil Price
June 30, 2026 Pakistan Pays Premium for Urgent LNG Cargo Pakistan has bought a cargo of liquefied natural gas, paying a premium of around $1 per million British thermal units to regional spot market prices in a move highlighting the […] Oil Price
June 30, 2026 Asian Refiners Redirect Middle East Crude to the U.S. as Hormuz Flows Recover Some Asian refiners have recently offered Middle Eastern cargoes to the U.S. West Coast as supply from the Persian Gulf rises with the reopening of the Strait of Hormuz, while […] Oil Price
June 29, 2026 China’s LNG Buying Rebounds as Summer Power Demand Surges China’s imports of liquefied natural gas this month are likely to be unchanged on last year’s, Kpler has forecast, seeing arrivals of a total of 5.29 million tons, as cited by Bloomberg. […] Oil Price
June 29, 2026 Middle East Oil Production Rebounds to 15 Million Bpd Crude oil production in the Middle East rebounded to between 14.6 million bpd and 15 million bpd earlier this month amid the ceasefire between Iran and the United States, the […] Oil Price
June 29, 2026 U.S. Pipeline Giant Eyes $5.5 Billion Deal to Expand LNG Reach U.S. natural gas pipeline giant Williams could be close to one of its biggest acquisitions ever as it is in late-stage talks to acquire gas pipeline operator Momentum Midstream in […] Oil Price
June 29, 2026 Strait of Hormuz Tanker Traffic Slows After Fresh U.S.-Iran Strikes Tanker traffic through the Strait of Hormuz has eased since late last week as vessel owners and operators remain cautious amid the renewed hostilities between Iran and the United States […] Oil Price
June 29, 2026 Oil Prices Climb as U.S.-Iran Flare-Up Shakes Market Complacency Oil prices were climbing early on Monday morning after a fresh escalation between the U.S. and Iran over the weekend. The price rise was relatively delayed, as markets continue to […] Oil Price
June 29, 2026 Gulf Producers Race to Load Oil and LNG as Hormuz Stays Open Saudi Arabia, the United Arab Emirates, and Qatar continue loading oil and LNG onto vessels at their Persian Gulf ports despite the attacks on two commercial vessels near the Strait […] Oil Price
June 26, 2026 Qatar Offers First Crude Loadings to Buyers Since War Began Qatar is tendering crude for loading outside the Strait of Hormuz in July and August, in what is likely the first Qatari crude offering to buyers since the Iran war […] Oil Price
June 26, 2026 Qatar’s LNG Recovery Picks Up Speed as Tankers Mass at Ras Laffan As many as eight empty LNG carriers have arrived at the Ras Laffan hub in Qatar and are set to load on superchilled gas in the coming days, Bloomberg has reported. […]
June 26, 2026 Saudi Arabia Set to Slash Oil Prices as Hormuz Reopens Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the […] Oil Price
June 26, 2026 Baghdad Hosting EU Energy Talks After Iraq Floats OPEC Exit European officials are expected to visit Baghdad in the coming weeks for high-level talks on energy cooperation, just hours after Iraq warned it could leave OPEC unless the producer group grants the […]
June 25, 2026 Natural Gas Prices Set to Ease as Qatar Restores LNG Output Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries […] Oil Price
