July 16, 2026 China’s Critical Minerals Grip Puts $6.5 Trillion of Global Industry at Risk Shafaq News The global critical minerals market remains highly concentrated, and new threats to supply security have emerged in recent months as China has curbed exports of some rare earth elements, the […] Oil Price
July 15, 2026 China’s Refinery Runs Crash to Pandemic Lows as Crude Imports Collapse Chinese refiners further slashed crude processing in June, with volumes crumbling to the pandemic lows of 2020 amid Strait of Hormuz supply disruptions and weakening domestic fuel demand. China’s refinery […] Oil Price
July 15, 2026 U.S. Backs Iraq-Syria Oil Pipeline to Bypass the Strait of Hormuz The United States supports plans by Iraq and Syria to rebuild a damaged oil pipeline that would carry crude from Kirkuk to Syria’s Mediterranean coast and bypass the Strait of […] Oil Price
July 15, 2026 U.S. Gasoline Prices Could Hit $4 Per Gallon Within Days Following a few weeks of reprieve for drivers, the U.S. national average price of gasoline could top $4 per gallon within a week, as crude oil prices rallied by about […] Oil Price
July 15, 2026 Ukraine Intensifies Attacks on Russian Tankers in the Black Sea After striking 116 vessels linked to Russia’s shadow fleet in the Sea of Azov in recent weeks, Ukraine’s military is turning its sights on ships in the Black Sea, hitting […] Oil Price
July 15, 2026 Brent Futures Flip to Backwardation as Middle East Supply Risks Return The Brent Crude futures curve flipped into backwardation this week, signaling expectations of tight prompt supply for the first time in a month, as the market started pricing in the renewed hostilities […] Oil Price
July 14, 2026 Iran Says It Will Continue Exporting Oil Despite Canceled U.S. Waiver Iran continues to export its oil despite last week’s cancellation of the U.S. waiver of its oil sales, Iranian Oil Minister, Mohsen Paknejad, said on Tuesday, as Tehran remains defiant […] Oil Price
July 14, 2026 Oil Jumps Above $87 as Russia-Ukraine Black Sea Attacks Escalate A Russian drone strike on a commercial vessel in Ukraine’s Odesa region has killed five seafarers and injured 12 others in one of the deadliest single strikes on commercial shipping […]
July 14, 2026 U.S. Gasoline Prices Rise for First Time Since May as Iran Ceasefire Collapses U.S. gasoline prices have increased for the first time since May, with the sudden reversal directly tied to the collapse of the tentative ceasefire between the U.S. and Iran. According […] Oil Price
July 14, 2026 New York Imposes First Ever Moratorium On U.S. Data Centers New York Governor Kathy Hochul has signed the country’s first-ever executive order imposing a statewide moratorium on new large-scale data centers for up to one year. The order freezes the […] Oil Price
July 14, 2026 Dangote’s Dollar Shift Reveals Nigeria’s Bigger Oil Problem Africa’s biggest refinery has started pricing fuel in U.S. dollars because Nigeria can’t supply enough Nigerian crude to keep it running. Dangote Petroleum Refinery, which can process 700,000 barrels of […] Oil Price
July 13, 2026 Oil and LNG Tankers Go Dark Again as Hormuz Crisis Deepens Oil and LNG tankers are back to switching off transponders when transiting the Strait of Hormuz as the latest escalation in the region and last week’s Iranian attacks on commercial […] Oil Price
July 13, 2026 European Natural Gas Prices Jump on Hormuz Escalation Europe’s benchmark natural gas prices opened 3% higher on Monday following the weekend escalation over the Strait of Hormuz which threatens LNG shipments out of the Middle East again. The […] Oil Price
July 13, 2026 Nigeria’s Oil Production Hits Six-Year High as Middle East Risks Return Nigeria’s crude oil production hit a six-year high in June, as operations continued to stabilize and no major outage incidents occurred, just as the new flare-up in Iran threatens flows […] Oil Price
July 13, 2026 Iran Warns U.S. Interference Could Trigger Further Oil and Gas Disruptions Following a major U.S.-Iran re-escalation over the Strait of Hormuz this weekend, Iran’s Islamic Revolutionary Guard Corps (IRGC) on Monday warned that continued U.S. interference in the chokepoint “could lead to greater […] Oil Price
July 13, 2026 Strait of Hormuz Tanker Traffic Falls to Five-Week Low Tanker traffic through the Strait of Hormuz dipped on Sunday to the lowest number in five weeks as the latest U.S.-Iran escalation reignited concerns among ship operators about safety at […] Oil Price
July 10, 2026 Oil Prices Set for Weekly Gain as Hormuz Tensions Escalate Crude oil prices were on course for a weekly gain today as hostilities between the United States and Iran flared up again earlier in the week. At the time of […] Oil Price
July 10, 2026 More LNG Carriers Brave the Strait of Hormuz Despite Renewed Hostilities Close to half a dozen liquefied natural gas carriers have gone into the Strait of Hormuz in the past few days and six have exited the strait, despite the recent […] Oil Price
July 10, 2026 Fuel Refining Margins Hit Record Highs as Markets Tighten Refining margins for gasoline and diesel jumped this week to new record highs after the re-escalation in the Middle East, Russia’s ban on diesel exports, and crumbling global fuel inventories. […] Oil Price
July 10, 2026 IEA Warns Renewed U.S.-Iran Conflict Could Upend Oil Surplus Forecast Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities […] Oil Price
July 10, 2026 ADNOC Orders $900 Million in New LNG Carriers to Expand Global Fleet ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to […] Oil Price
July 10, 2026 IEA Cuts Russia’s Oil Production Forecast Due to Ukrainian Attacks Russia’s oil production in 2026 and 2027 is set to be lower than previously expected, due to intensified Ukrainian drone attacks on Russia’s energy infrastructure, the International Energy Agency said […] Oil Price
July 9, 2026 Goldman Sachs Sounds Alarm Over Fresh Threat to Global Oil Supplies A week after it warned that an oil glut is coming, Goldman Sachs has done a U-turn, warning that the renewed hostilities in the Persian Gulf threaten an extended supply […] Oil Price
July 9, 2026 U.S. LNG Exporter Reaps Windfall as Middle East Turmoil Drives Fees Higher Venture Global has reported a 69% increase in its liquefaction fees over the second quarter of the year, to $6.45 per million British thermal units, up from $3.82 per mmBtu […] Oil Price
July 9, 2026 Oil Price Surge Shows Markets Were Too Relaxed About Iran Deal Wednesday’s jump in oil prices to a two-week high suggests that market participants were too complacent about the U.S.-Iran ‘deal to make a deal’ and that the ceasefire would hold […] Oil Price
July 9, 2026 Escalation Continues as U.S. and Iran Face Off Over Hormuz The United States is prepared for a continued exchange of fire with Iran over the Strait of Hormuz and Tehran’s attacks on commercial vessels in the chokepoint, U.S. officials have […] Oil Price
July 9, 2026 Pakistan Rushes to Buy Emergency LNG After Qatar Cargo Is Canceled Pakistan is forced to turn to the spot LNG market once again after the re-escalation in the Strait of Hormuz has canceled a cargo from Qatar. State-controlled Pakistan LNG has […] Oil Price
July 9, 2026 Ukraine Hits Two Russian Fuel Tankers as Moscow’s Fuel Crisis Deepens Ukraine hit two fuel tankers overnight offshore Russia’s southern coast in an expanding campaign to deepen the fuel crisis in Russia. The two tankers were hit in Taganrog Bay, the […] Oil Price
July 8, 2026 Oil and LNG Tankers Make U-Turns After Fresh Hormuz Escalation The renewed hostilities and attacks on vessels in the Strait of Hormuz again put an abrupt end to the steady flow of oil and gas tankers moving in and out […] Oil Price
July 8, 2026 Oil Prices Surge 6% Even as Tankers Push Through Hormuz Thin tanker traffic through the Strait of Hormuz continued early on Wednesday despite the fresh flare-up in the Middle East, but more vessels appear to be reconsidering moving toward the […] Oil Price
