Oil Price Archives

October 19, 2026

Oil Prices Slip as Trump-Putin Diesel Deal Raises Supply Hopes Oil Price

Crude oil prices began the week with a dip on traders’ expectations of a boost in diesel fuel supply under the deal agreed by the presidents of Russia and the […]

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October 19, 2026

Japan’s Electricity Prices Surge 25% as LNG and Coal Costs Soar Oil Price

Japan’s average power prices jumped by over 25% at the start of this week from the previous week amid soaring LNG and higher coal prices. The nationwide power price rose […]

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October 19, 2026

Canada’s Inflation Rises to 3.1% as Fuel Oil Prices Jump 58% Oil Price

Gasoline and fuel oil pushed Canada’s annual inflation rate to 3.1% in September, up from 3.0% in August, as the war in the Middle East kept fuel prices high, Statistics […]

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October 19, 2026

Woodside Resumes Work at Australian LNG Project after Greenpeace Stunt Oil Price

Australia’s Woodside Energy on Monday announced it had resumed work on the soon-to-be-commissioned Scarborough project offshore Western Australia, which is set to export LNG to global markets and supply gas […]

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October 19, 2026

Qatari LNG Cargo Heads Through Red Sea to Europe in Rare Suez Run Oil Price

A Qatari LNG cargo is traveling north in the Red Sea to deliver gas to Europe via the Suez Canal in a rare shipment on the shortest but dangerous route […]

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October 19, 2026

Mozambique Pitches Sasol and ROMPCO on $250 Million Gas Project

Mozambique is in discussions with South African energy firm Sasol and pipeline company ROMPCO to potentially invest in a new $250 million gas project offshore Mozambique that could send more […]

October 16, 2026

Global Fuel Oil Shortage Deepens as Middle East and Russia Supplies Collapse Oil Price

Global fuel oil supply is shrinking while demand for the fuel from the shipping industry remains robust, suggesting further supply pain down the road. Exports of high-sulfur fuel oil from […]

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October 16, 2026

India Slashes Diesel Export Tax as Global Fuel Crunch Deepens Oil Price

India has nearly halved its export duty on diesel for the next two weeks while it hiked the levy on gasoline exports fivefold, effective October 16. The lower diesel export […]

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October 16, 2026

Iran War Set To Push PetroChina’s Trading Profit to Record $3 Billion Oil Price

The trading arm of China’s state-owned giant PetroChina is set to reap a record more than $3 billion (20 billion yuan) in trading profits this year as the Middle East […]

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October 16, 2026

Global Gas Crunch Makes Europe’s Remaining Coal Plants Profitable Oil Price

The global LNG supply crunch has made Europe’s last-standing coal-fired power plants profitable this year as gas supply costs soar while the need for conventional generation to stabilize grids remains. […]

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October 16, 2026

South Korea Turns Back to Coal as LNG Crisis Deepens Oil Price

Soaring prices of spot LNG supply amid the lack of Middle Eastern deliveries have pushed South Korea to rely more on coal-fired power generation in the coming winter, despite its […]

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October 16, 2026

China’s Sufficient Gas Stocks Could Ease Winter Supply Concerns Oil Price

Chinese LNG buyers acted early to build gas stockpiles amid the Iran war, helping the world’s top LNG importer stock up enough inventories ahead of the winter, industry analysts have […]

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October 15, 2026

Lithium Prices Plunge as EU-China Trade Deal Sparks Demand Fears Oil Price

Lithium prices have slumped, following a deal between the European Union and China that will cut Chinese hybrid car exports to the bloc. Since the start of the week, China’s […]

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October 15, 2026

Ukraine to Resume Russian Oil Refinery Strikes After Failed Energy Ceasefire Oil Price

Ukraine will resume drone strikes on Russian refineries after Russia kept hitting energy infrastructure and killing civilians in Ukraine despite U.S. President Trump’s claim of an “energy ceasefire”, Ukrainian President […]

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October 15, 2026

U.S. Wants World Bank to Drop Ban on Upstream Oil and Gas Funding Oil Price

The World Bank needs profound reforms, including reversing a ban on upstream oil and gas financing, U.S. Treasury Secretary Scott Bessent said in a statement for the World Bank Development […]

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October 15, 2026

Europe’s Gas Prices Close to 2022 High as Hormuz LNG Flows Remain Limited Oil Price

Europe’s benchmark natural gas prices remain close to their highest levels since the end of 2022 as the lack of LNG supply from Qatar compounds the EU problem of filling […]

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October 15, 2026

Pakistan Faces Winter Gas Shortages if Hormuz LNG Remains Choked Oil Price

Pakistan faces challenging winter months with potential natural gas shortages as the Qatari and UAE LNG flows from the Strait of Hormuz remain severely disrupted, the head of the Pakistani […]

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October 14, 2026

Oil Prices Climb Above $106 as Iran Threatens More Tanker Attacks Oil Price

Crude oil prices moved higher earlier today, after Iranian officials told Reuters the country’s forces were planning to further intensify strikes on tankers in the Strait of Hormuz, deploying new […]

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October 14, 2026

Taiwan Commits Up to $4.4 Billion to Alaska LNG Megaproject Oil Price

Taiwan has agreed to invest up to $4.4 billion in the Alaska LNG project and commit to buying 30% of its output over a period of 20 years, President Trump […]

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October 14, 2026

Oman Overtakes U.S. as India’s Top LNG Supplier in September Oil Price

Oman was India’s single biggest LNG supplier in September, toppling the United States that held the top spot for months after the Iran war began, as European buyers are snapping […]

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October 14, 2026

Russian Strikes Cut Power to 600,000 Ukrainians Days After U.S. Diesel Deal Oil Price

Russian strikes on October 13 and 14 cut power to at least 600,000 people in Ukraine, Zelenskyy said, four days after the Trump administration licensed imports of Russian diesel while […]

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October 14, 2026

India’s Gas Demand Drops as Iran War Hikes LNG Spot Prices Oil Price

India’s natural gas demand has declined by 1.5 million tons so far this year as the Iran war choked LNG supplies from the Middle East, hiked spot prices, and destroyed […]

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October 13, 2026

Oil Prices Retreat as Saudi Arabia Pledges to Keep Exports Flowing Oil Price

Crude oil prices, which topped $106 per barrel yesterday, have eased today, as traders process the latest Houthi attacks on Saudi Arabia and the related risk to energy supply, while […]

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October 13, 2026

Shell Slams Australia’s Plan to Force LNG Producers to Supply Domestic Market Oil Price

Shell has spoken out against a plan by the Australian government to ensure domestic gas supply by mandating LNG producers to reserve certain volumes of their output for domestic use. […]

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October 13, 2026

IMF Warns Middle East War Could Derail Global Economic Growth Oil Price

The energy crisis sparked by the war in the Middle East remains the biggest risk for the global economy, but investment in artificial intelligence provides grounds for optimism, the International […]

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October 13, 2026

Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz Oil Price

Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass the Strait of Hormuz to 10 million barrels per day (bpd) within two […]

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October 13, 2026

Japan to Compensate Oil Importers for High Shipping Costs Oil Price

The Japanese government on Tuesday approved three bills to boost diversification of oil supplies and energy security, including grants to compensate Japan’s oil importers for the high shipping costs to […]

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October 13, 2026

Pakistan Faces $1 Billion LNG Bill This Winter Oil Price

Pakistan will have to pay in excess of $1 billion to secure LNG supply for the winter months, as spot prices soar amid massive disruptions to Qatari term supply. The […]

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October 12, 2026

BMI Predicts Brent Crude Will Remain Above $100 for Months Oil Price

Crude oil prices will remain quite high in the coming months, with Brent staying above $100 per barrel, as the U.S. and Iran remain distant on a potential agreement, Cedric […]

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October 12, 2026

Oil Stuck Between Middle East Escalation and Russia-Ukraine Energy Truce Oil Price

Oil prices traded slightly lower in the early morning in Europe on Monday as U.S. President Trump’s announcement of an “energy ceasefire” between Russia and Ukraine offset this weekend’s escalation […]

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