May 13, 2026 India’s PM Orders 50% Slash in Motorcade Size to Save Fuel India’s Prime Minister Narendra Modi has directed a 50% reduction in the size of his official motorcade in a bid to conserve fuel amid mounting economic pressures from the ongoing global energy […] Oil Price
May 12, 2026 Oil Prices Rise as U.S.-Iran Peace Hopes Fade Crude oil prices ticked higher today as hopes for a peace deal between the United States and Iran faded further, after President Trump called Iran’s response to a U.S. peace […] Oil Price
May 12, 2026 China’s Teapot Refiners Slash Output as Hormuz Crisis Crushes Margins Shafaq News Some independent refiners in China are reducing their production rates as margins shrink and demand weakens amid the continued paralysis of tanker traffic in the Strait of Hormuz. Citing unnamed […] Oil Price
May 12, 2026 Brazil’s Oil Exports to China Double as Iran War Upends Crude Flows Brazil more than doubled the volume of its oil exports to China, with export values also nearly doubling, in the first quarter of 2026 from a year earlier, as the […] Oil Price
May 12, 2026 Qatar Asks Vessels at Key LNG Port To Go Dark for Safety Qatar has requested LNG vessels near its Ras Laffan LNG port to switch off their transponders as part of safety measures at the key export port of the world’s second-largest […] Oil Price
May 12, 2026 Oil prices near $105 threshold on failing US-Iran diplomatic efforts Shafaq News Oil prices rose nearly 1% on Tuesday as talks to end the U.S.-Israeli war on Iran appeared fragile, with Tehran’s response to a Washington proposal highlighting stark differences that have […] Oil Price
May 11, 2026 Morgan Stanley: Oil Buffers Could Run Out Before Hormuz Reopens Most of the market buffers that have stopped oil futures prices from rallying to record highs could vanish before the reopening of the Strait of Hormuz, which puts the market […] Oil Price
May 11, 2026 China’s Car Sales Slump as Gasoline Demand Craters Car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion […] Oil Price
May 11, 2026 Modi Urges Indians to Conserve Fuel as Oil Shock Spreads India’s Prime Minister called on the nation to work from home, travel less, and conserve fuel to help the government save foreign exchange. “In the current situation, we must place […] Oil Price
May 11, 2026 Oil Tankers Go Dark to Exit the Strait of Hormuz Three supertankers laden with crude oil successfully exited the Strait of Hormuz last week, carrying Iraqi and Emirati oil, Reuters has reported, citing data from Kpler and LSEG. The vessels switched […] Oil Price
May 8, 2026 $7 Billion in Oil Bets Under Investigation The Commodity Futures Trading Commission has launched an investigation into short oil bets worth a total $7 billion, made in March and April right before statements by President Donald Trump […] Oil Price
May 8, 2026 A Golden Opportunity for Canada’s Oil and Gas Industry Canada has a “golden opportunity” to become a major global oil player as the war in the Middle East limits sources of crude and natural gas, the head of the […] Oil Price
May 8, 2026 First Oil Tanker Reaches South Korea Through Hormuz Since War Began An oil tanker that had passed through the Strait of Hormuz in mid-April arrived on Friday at a port in South Korea, shipping the first crude cargo to the country via Hormuz […] Oil Price
May 8, 2026 First Mexican Fuel Oil Cargo in 9 Months Arrives in Asia Shafaq News The first fuel oil cargo from Mexico has just arrived in Asia, in a first such shipment in nine months, as high Asian prices draw supplies from other regions amid […] Oil Price
May 8, 2026 Iraq Denies U.S. Claim Deputy Minister Helped Iran’s Oil Sales Iraq’s Oil Ministry has denied that its deputy minister was involved in opaque sales of Iraqi oil mixed with Iranian crude for Iran’s benefit, as the U.S. alleged on Thursday […] Oil Price
May 7, 2026 EU Imports of Yamal Gas Hit Record Ahead of Ban on Russian LNG The EU boosted its imports of Russian LNG from the Yamal LNG project to a record high in the first four months of 2026, just before the bloc started implementing […] Oil Price
May 7, 2026 Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market Australia’s government has mandated energy companies in the country to set aside 20% of their natural gas output for the domestic market to avoid supply shortages along the east coast. […] Oil Price
May 7, 2026 Oil Crunch Prompts Plastics Crisis in Asia Asia is facing plastics shortages because of the oil and gas supply crunch caused by the war in the Middle East, with medical supplies, packaging, and consumer products most vulnerable […] Oil Price
May 7, 2026 Oil Prices Waver as Market Weighs Chances of U.S.-Iran Deal Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday, reversing earlier gains, as the market hopes the U.S. and Iran could […] Oil Price
May 6, 2026 Australia Plans $7 Billion Fuel Stockpile Australia’s government plans to spend A$10 billion, or $7 billion, on building its fuel stock to avoid future supply squeezes. The plans involve stocking up enough to cover at least […] Oil Price
May 6, 2026 Oil Prices Fall Below $100 After Trump Pauses Hormuz Escort Plan Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz […] Oil Price
May 6, 2026 Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected. […] Oil Price
May 6, 2026 Average U.S. Gasoline Price Tops $4.50 to Near Four-Year High The national average price of gasoline in the United States has just topped $4.50 per gallon, the highest level since the middle of July 2022, according to data from GasBuddy, as the […] Oil Price
May 5, 2026 Iraq Offers Huge Discounts for Crude Shipments via Hormuz OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of […] Oil Price
May 5, 2026 Norway’s $2.2T Fund Accused of Backing Big Oil The world’s biggest sovereign wealth fund, Norway’s $2.2-trillion Government Pension Fund Global, has dropped its active voting engagement on climate issues at the biggest oil firms in which it has […] Oil Price
May 5, 2026 Ships Cluster Off Dubai as Iran Expands Area of Control at Hormuz About five dozen vessels moved toward Dubai in just one day, joining a growing cluster of at least 363 ships currently off the emirate in the Persian Gulf as Iran […] Oil Price
May 5, 2026 Oil dips as US moves to reopen Strait of Hormuz Oil prices eased more than 1% on Tuesday after climbing by as much as 6% in the previous session on signs the U.S. Navy is loosening Iran’s grip on the […] Oil Price
May 4, 2026 Russian Oil Cargo Set to Arrive in Japan Amid Supply Strains A Russian tanker carrying crude from Sakhalin Island is set to arrive in Japan today in the latest sign energy-strapped importers are intent on securing any supply they can find, even from […] Oil Price
May 4, 2026 TTF Futures Swing From Loss to Gain After Iran Rejects Trump’s Hormuz Plan European benchmark natural gas prices erased an early 3% loss at Monday opening and were up by 1.3% in morning trade in Amsterdam, as the commodity markets watch with apprehension […] Oil Price
May 4, 2026 UAE: OPEC Exit ‘Not Directed Against Anyone’ The United Arab Emirates has not directed at anyone its decision to leave OPEC and the broader OPEC+ alliance, Sultan al Jaber, the chief executive of Abu Dhabi’s national oil […] Oil Price
