September 21, 2026 Strait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows Rise Oil Price Commodity vessels traversing the Strait of Hormuz declined further, with just a dozen commodity vessels in total making the passage this weekend, Reuters has reported. This compares to 35 tankers […] Oil Price
September 21, 2026 Europe’s Fuel Crisis Spreads From Diesel to Jet Fuel Oil Price Europe is reeling from a diesel supply crunch, and now another squeeze is looming on the horizon, as jet fuel supply tightens ahead of the final quarter of the year. […] Oil Price
September 21, 2026 Pakistan Secures Second Qatari LNG Cargo Through Hormuz After Iran Deal Oil Price Pakistan is set to receive an LNG cargo from Qatar after having negotiated with Iran the safe passage of the shipment through the Strait of Hormuz, sources familiar with the […] Oil Price
September 21, 2026 U.S. Diesel Hits Record $6.50 as Global Fuel Crunch Deepens Oil Price The average retail price of diesel in the United States topped $6.50 per gallon this weekend amid a worsening global fuel crunch that threatens to hit economies, including the world’s […]
September 21, 2026 Norway’s Arctic Oil Pitch Falls Flat in Brussels Oil Price The European Commission is expected to keep its current ban on oil and gas drilling in the Arctic despite months-long campaigning from Norway to lift the moratorium, a spokesperson for […] Oil Price
September 21, 2026 Trafigura Launches Volare Shipping to Cash In on Record Tanker Rates Oil Price One of the world’s biggest oil traders, Trafigura, is spinning off its supertanker business in a new company. Trafigura on Monday said it had established a new, dedicated group company, […] Oil Price
September 18, 2026 Oil Prices Head for Weekly Loss as Saudi Export Fears Ease Oil Price Crude oil prices were on course for a weekly decline after a three-week series of gains, as traders’ fears about Saudi Arabia’s ability to continue exporting oil appeared to have […] Oil Price
September 18, 2026 China’s Fuel Exports Surge as Global Diesel Shortage Deepens Oil Price China exported 6.01 million tons of refined fuels in August, an annual increase of 12.7%, according to Chinese customs data cited by Reuters today. The total volume exceeded pre-war levels, […] Oil Price
September 18, 2026 Hormuz Tanker Traffic Slumps as Saudi Arabia Scrambles for New Oil Routes Oil Price Only four commodity vessels were detected to have moved inbound or out of the Strait of Hormuz on Thursday, shipping data showed early on Friday, while oil shipping options out […] Oil Price
September 18, 2026 Saudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains Offline Oil Price Saudi Arabia has sold as many as 60 million barrels of crude oil from the Persian Gulf port of Ras Tanura for September and October loadings outside the Strait of […] Oil Price
September 18, 2026 Japan’s Refiners Have Enough Crude to Last Through November, Industry Body Says Oil Price Japanese refiners have procured enough crude oil to last them through November, the head of the Petroleum Association of Japan (PAJ) said on Friday, amid yet another twist in supply […] Oil Price
September 17, 2026 Soaring LNG Prices Push Asian Demand Toward Second Annual Decline Oil Price Demand for liquefied natural gas in Asia is set to decline this year by between 3% and 10% on higher prices, according to analysts cited by Reuters. This would be […] Oil Price
September 17, 2026 Oil Prices Slide as Saudi Arabia Reroutes Crude via Oman Oil Price Crude oil prices, which dipped yesterday, extended their losses earlier today following reports that Saudi Arabia will be exporting more oil through Oman while the East-West pipeline is repaired. At […] Oil Price
September 17, 2026 India Pushes Back on U.S. Tariff Threat Over Russian Oil Oil Price India will continue prioritizing the energy security of its population despite attempts by the United States to squeeze Russian oil and gas exports, many of which go to India, the […] Oil Price
September 17, 2026 Goldman Sachs Sees More Upside in Gasoline as Diesel Crunch Deepens Oil Price Diesel prices and margins will continue to grow amid tightening markets, but gasoline could offer even more upside as refiners currently prioritize diesel output, Goldman Sachs says. The investment bank […] Oil Price
September 17, 2026 Alberta Plans New Royalty Incentives to Spur Oil Production Oil Price Canada’s oil-producing province of Alberta plans to announce in November a new preferential royalty framework to encourage companies to invest in new oil and gas production, Alberta’s Premier Danielle Smith […] Oil Price
September 17, 2026 LNG Prices Could Jump Further as Hormuz Supply Crunch Persists Oil Price LNG prices have room to rise by about a third from the current very high levels amid low European gas inventories and fierce competition for spot supply between Europe and […] Oil Price
September 17, 2026 UK Energy Bills Could Jump 25-30% From January as Gas Prices Soar Oil Price The UK household energy bills could jump by between 25% and 30% in the first quarter of 2027 amid surging natural gas prices as the Middle East crisis drags on, […] Oil Price
September 16, 2026 China Could Curb Fuel Exports as Diesel and Gasoline Stocks Sink Oil Price China’s diesel fuel and gasoline inventories are declining, which may eventually lead to the imposition of export curbs, Bloomberg has reported, citing recent fuel inventory data. Gasoline inventories at state-owned […]
September 16, 2026 Japan’s Oil Import Bill Soars 59% as Trade Deficit Deepens Oil Price Japan’s oil import bill surged by 58.7% on the year last month, with volumes rising by a much more modest 3.6%. This pushed the country’s total import bill 28% higher […] Oil Price
September 16, 2026 Japanese Refiners Rush for Oman Crude After Saudi Pipeline Shutdown Oil Price Some refiners in Japan this week rushed to buy Oman’s crude for earlier loadings after Saudi Arabia shut down its key pipeline bypassing the Strait of Hormuz, traders with knowledge […] Oil Price
September 16, 2026 Saudi Arabia Pivots to Spot Oil Sales After Key Pipeline Goes Offline Oil Price So far this week, Saudi Arabia has sold as many as 20 million barrels of crude oil in the spot market to be picked up from just outside the Strait […] Oil Price
September 16, 2026 Japan’s Top LNG Buyer to Sell Excess Gas in Global Markets Oil Price The biggest Japanese LNG importer and largest power producer, JERA, plans to sell liquefied natural gas in the long term as part of a strategy to tap global LNG markets […] Oil Price
September 15, 2026 Oil Prices Rise on Saudi Pipeline Outage and Rising Red Sea Risks Oil Price Oil prices continued to rise early on Tuesday, rallying by 1.7% in Asian trade, as the Iran-backed Houthis in Yemen are expanding their control over the west coast along the […] Oil Price
September 15, 2026 Saudi Oil Pipeline Repairs Could Take Weeks After Drone Attack Oil Price Last week’s drone attacks on Saudi Arabia’s key East-West oil pipeline have caused damage that could take weeks to repair, potentially significantly cutting the disrupted crude oil flows from the […] Oil Price
September 15, 2026 LNG Demand in China and India Could Surge When Prices Normalize Oil Price Depressed LNG demand in recent months in China and India is the result of spiking LNG prices due to the Middle East conflict, and consumption in the key Asian gas […] Oil Price
September 15, 2026 UK Oil and Gas Group Says Earlier Tax Shift Could Raise £14.9 Billion Oil Price A new fiscal regime in the UK from 2027 could deliver an additional £14.9 billion, or $20 billion, to Britain’s revenues, the leading offshore industry group said in its annual […] Oil Price
September 15, 2026 Australia’s Energy Minister Heads to Saudi Arabia for Pipeline Answers Oil Price Australian Energy Minister Chris Bowen will travel to Saudi Arabia next week to meet with Saudi Energy Minister, Prince Abdulaziz bin Salman, and get the latest updates on the state […] Oil Price
September 15, 2026 China’s Yuan Crude Oil Futures Jump to Record High Oil Price The yuan-denominated crude oil futures trading in China hit this week their highest level since the contract was launched in 2018 as escalating threats to Middle East’s oil supply and […] Oil Price
September 14, 2026 Oil breaks $107 mark amid growing supply fears Shafaq News Oil prices rose more than 3% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of […] Oil Price
