July 24, 2026 Oil Tops $100 as Supply Crisis Deepens Crude oil prices were on course for a sizable weekly gain today, as the Strait of Hormuz remains almost entirely paralysed and the Yemeni Houthis target tankers in the Bab […] Oil Price
July 24, 2026 Global LNG Giants Target Cambodia as New Energy Market Some of the world’s biggest heavyweights in liquefied natural gas exports are interested in adding Cambodia to their client list as the Southeast Asian nation build sits first LNG-fueled power […] Oil Price
July 24, 2026 China Rushes to Secure Russian Oil as Middle East Supply Risks Escalate Chinese refiners have bought up all crude oil cargoes set to load from Russia’s Far East port of Kozmino in August weeks earlier than usual, traders with knowledge of the […] Oil Price
July 24, 2026 Hormuz Tanker Crossings Sink to Lowest Level Since May as War Risk Spikes Only one oil tanker transited the Strait of Hormuz on Thursday, the lowest number of crossings since May 7, as war risks spiked this week to hike crude oil prices […] Oil Price
July 24, 2026 Pakistan Transporters Threaten Nationwide Strike Over Fuel Price Hikes Pakistan’s alliance of goods transporters has warned it could launch a nationwide strike over soaring fuel costs in another economic pressure that the South Asian country is feeling from the […] Oil Price
July 23, 2026 Two Saudi Oil Tankers Targeted as Houthi Blockade Disrupts Red Sea Shipping At least two tankers have turned away from the Bab el-Mandeb Strait after Yemen’s Houthis said they have struck two Saudi tankers in the chokepoint in the latest Middle East […] Oil Price
July 23, 2026 EU Concedes to Greek LNG Demand in Russian Sanctions Row The European Union will exempt Greek Dynagas from the latest sanctions package for Russia after pressure from the Greek government, which said the package would harm the country’s economy. The […] Oil Price
July 23, 2026 TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings TotalEnergies’ (TTE:NYSE) adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins […] Oil Price
July 23, 2026 U.S. Refinery Utilization Hits 96.2% as Fuel Markets Tighten Worldwide U.S. refinery utilization has been near-capacity for weeks, with American fuel exports jumping to record high levels amid tight global fuel markets in the wake of the Iran war and […] Oil Price
July 22, 2026 U.S.-Iran Conflict Threatens Long-Term Energy Shock Across Asia The impact of the war between the United States and Iran on oil-importing nations in Asia could last years or even decades because of these countries’ heavy dependence on those […] Oil Price
July 22, 2026 Surging Oil Prices Push Japan’s Import Bill to an Unprecedented High Surging oil prices have led to a significant increase in Japan’s import bill, hitting an all-time high last month of $89.46 billion, Reuters has reported, citing government data. The June […] Oil Price
July 22, 2026 China’s Oil Output Hits Record High China produced a record amount of crude oil last year, at 216 million tons, with natural gas production also rising substantially, the National Energy Administration reported today. Together, the oil […] Oil Price
July 22, 2026 Equinor Profit Soars 93% as Oil and Gas Price Spike Fuels Windfall Equinor (EQNR:NYSE) saw a 93% jump in its second-quarter profit from a year earlier as oil and gas prices soared during the Middle East crisis and delivered windfall earnings to […] Oil Price
July 22, 2026 Oil Jumps Nearly 4% as Houthis Threaten Red Sea Blockade Oil prices jumped by nearly 4% early on Wednesday as concerns about crude supply from the Middle East intensify with threats to shipping at both chokepoints in the region, the […] Oil Price
July 22, 2026 Iran War Escalation Threatens Global Fuel Supply Recovery Asian refiners that had bet on a flood of crude supply from the Middle East in August are now faced with potential delays in deliveries amid the re-escalation of hostilities, […] Oil Price
July 22, 2026 Europe Heads Into Winter With Its Weakest Gas Cushion In 15 Years Europe is unlikely to refill its natural gas storage facilities to even 80% before winter, Equinor CEO Anders Opedal said on Wednesday, Reuters reported, raising the prospect that the continent […] Oil Price
July 21, 2026 Pakistan Shells Out Record Sums for Spot LNG as Qatar Supply Falters Pakistan is paying top dollar for LNG supply as the renewed closure of the Strait of Hormuz and the stranding of cargoes from its term supplier Qatar have forced the […] Oil Price
July 21, 2026 India Keeps Buying Russian Oil at Near-Record Pace Despite Expired Waiver India’s crude oil imports have remained close to record-high levels in July despite the end of the U.S. waiver the previous month. The U.S. quietly let the waiver allowing the […] Oil Price
July 21, 2026 Ryanair Profit Falls 36% as Unhedged Jet Fuel Costs Double Ryanair shed more than a third of its profit as rising jet fuel prices triggered by the Iran war began to take effect. The budget airline had previously insulated itself from rising […] Oil Price
July 21, 2026 Oil Prices Top $90 as Kuwaiti Tanker Hit in Strait of Hormuz A Kuwait-owned oil products tanker was struck by a projectile in the Strait of Hormuz near Oman as tensions escalate around the key shipping lanes of the Middle East, sending Brent […] Oil Price
July 21, 2026 IMF Flags Higher Oil Price As Key Risk to India’s GDP Growth India’s economic growth for the 2026/2027 fiscal year could be lower than previously expected amid higher oil prices with the re-escalation of the Middle East war and the El Nino […] Oil Price
July 21, 2026 India Became World’s Top Long-Term LNG Buyer in 2025, GIIGNL Says India emerged as the world’s most active long-term LNG buyer market in 2025 with a total of 8.4 million tons per year contracted, according to the annual 2026 report of the International […] Oil Price
July 20, 2026 Gulf Oil Exports Briefly Recovered to Pre-War Levels Before Latest Escalation Crude oil and condensate exports from the Persian Gulf rose to pre-war levels in the first half of July, data from Kpler and Vortexa shows, as cited by Reuters, reaching between 12 […] Oil Price
July 20, 2026 Tankers Fear Hormuz Transit as Iran Stops Vessels An empty Malta-flagged, Greece-managed oil products tanker halted at anchor in the Strait of Hormuz near Oman early on Monday as vessel owners and operators grow increasingly wary of attempting […] Oil Price
July 20, 2026 Europe Faces Diesel Crunch as Inventories Head Toward Multi-Year Lows European diesel markets are set to further tighten as multiple supply disruptions have combined to drag inventories to multi-year lows, analysts at Morgan Stanley say. “The picture is genuinely tight,” […] Oil Price
July 20, 2026 China’s LNG Buying Spree Tightens Global Gas Market China raised its liquefied natural gas imports for a second month in a row in June as the world’s top LNG buyer prepares for peak summer power demand. Chinese imports […] Oil Price
July 20, 2026 India’s Crude Oil Import Bill Soars 60% as Iran War Drives Prices Higher India paid 60% more for crude oil imports in the April-June quarter compared to the same period last year, as the surge in oil prices couldn’t offset slightly lower import […] Oil Price
July 20, 2026 U.S. Gasoline Prices Climb Back Above $4 Per Gallon The national average price of gasoline in the United States topped $4 per gallon once again on Monday following the crude oil price rally of the past week amid the […] Oil Price
July 17, 2026 Oil Prices Set for Biggest Weekly Surge Since April as Iran War Escalates Oil prices were headed early on Friday for a 12% weekly gain, the biggest jump in one week since April, as the re-escalation in the Middle East and the abrupt […] Oil Price
July 17, 2026 Pakistan Plans Fresh LNG Purchases Amid Strait of Hormuz Shutdown Pakistan is looking to buy additional spot LNG cargoes for July and August delivery as the fresh halt to Strait of Hormuz traffic has disrupted shipments from its term supplier, […] Oil Price
