July 17, 2026 Iran-Linked LPG Tankers Turn Back as U.S. Blockade Tightens Iran-linked carriers of liquefied petroleum gas (LPG) have made U-turns and traveled in zig-zagging patterns in recent hours as they face the U.S. naval blockade in the Gulf of Oman, […] Oil Price
July 17, 2026 Libya Declares Major Oil Discovery Commercial as Production Revival Gains Pace Libya’s National Oil Corporation, NOC, and Austrian energy firm OMV have declared the Essar oil discovery commercially viable as OPEC’s second-largest African producer pushes to revive its industry in partnerships […] Oil Price
July 17, 2026 China Seeks Long-Term LNG Deals Beyond the Strait of Hormuz China’s giant state LNG importers are in talks to secure long-term LNG supplies from exporters that don’t need the Strait of Hormuz, as the world’s biggest LNG buyer seeks to […] Oil Price
July 17, 2026 China to Hike Retail Gasoline and Diesel Prices as Oil Jumps 12% in a Week Following the surge in international crude oil prices in the past week, China will raise the domestic retail prices of gasoline and diesel, effective July 18, the state economic planning […] Oil Price
July 16, 2026 U.S. Strikes Iran-Linked Tanker Near Kharg Island U.S. forces have struck and disabled an Iran-linked sanctioned oil tanker near Iran’s key export terminal, Kharg Island, deep in the Persian Gulf, the U.S. Central Command (CENTCOM) said early on Thursday, […] Oil Price
July 16, 2026 India Hikes Diesel and Jet Fuel Export Tax India has hiked the export duties it will be charging on exports of diesel and jet fuel for the two weeks starting July 16, as the return of the Hormuz crisis is […] Oil Price
July 16, 2026 TotalEnergies Sees Stronger Q2 Profit as Refining and Oil Trading Surge TotalEnergies expects higher cash flows from its oil production and strong refining margins and oil trading results to boost second-quarter profits compared to the prior quarter, as oil prices rose […] Oil Price
July 16, 2026 Pakistan Pays Highest Spot LNG Price in Four Years as Qatar Supply Falters State-controlled Pakistan LNG Ltd has bought the most expensive cargo of liquefied natural gas on the spot market in four years as the recent re-escalation of the Hormuz crisis cut […] Oil Price
July 16, 2026 Asian LNG Spot Prices Jump 10% as Hormuz Crisis Reignites Supply Fears Spot prices of liquefied natural gas in Asia have surged by 10% in the past week to the highest level since March, as the re-escalation in the Middle East and […] Oil Price
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
