Oil Price Archives

October 13, 2026

Japan to Compensate Oil Importers for High Shipping Costs Oil Price

The Japanese government on Tuesday approved three bills to boost diversification of oil supplies and energy security, including grants to compensate Japan’s oil importers for the high shipping costs to […]

Oil Price

October 13, 2026

Pakistan Faces $1 Billion LNG Bill This Winter Oil Price

Pakistan will have to pay in excess of $1 billion to secure LNG supply for the winter months, as spot prices soar amid massive disruptions to Qatari term supply. The […]

Oil Price

October 12, 2026

BMI Predicts Brent Crude Will Remain Above $100 for Months Oil Price

Crude oil prices will remain quite high in the coming months, with Brent staying above $100 per barrel, as the U.S. and Iran remain distant on a potential agreement, Cedric […]

Oil Price

October 12, 2026

Oil Stuck Between Middle East Escalation and Russia-Ukraine Energy Truce Oil Price

Oil prices traded slightly lower in the early morning in Europe on Monday as U.S. President Trump’s announcement of an “energy ceasefire” between Russia and Ukraine offset this weekend’s escalation […]

Oil Price

October 12, 2026

Pakistan Looks to Import Crude Oil from Libya to Diversify Supply Oil Price

Pakistan is encouraging its refiners to consider buying crude oil from Libya to diversify its oil supply amid the Middle East crisis, Pakistani Petroleum Minister Ali Pervaiz Malik says. Ali […]

Oil Price

October 12, 2026

Oil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz Fears Oil Price

Oil prices climbed to their highest levels in nearly two weeks on Monday morning as fresh attacks on Saudi Arabia and oil tankers near the Strait of Hormuz put Middle […]

Oil Price

October 9, 2026

Venture Global Loses LNG Arbitration to Portugal’s Galp Oil Price

A court has ruled that Venture Global breached its contract with Portugal’s Galp in the second unfavorable ruling for the U.S. LNG major. Galp was one of half a dozen […]

Oil Price

October 9, 2026

China Restarts Fuel Exports Oil Price

China has decided to restart exports of fuels, after a one-week suspension. This should bring some relief to fuel markets, and especially diesel markets, where prices are running at record […]

Oil Price

October 9, 2026

Australia Close to Finalizing Gas Reservation Plan for LNG Exporters Oil Price

The Australian government will introduce next week a bill setting the final rules in the so-called Domestic Gas Reservation Scheme, which will require LNG exporters to keep up to 20% […]

Oil Price

October 9, 2026

Asian Refiners Ditch U.S. Oil as Supertanker Rates Hit $82 Million Oil Price

The record-high freight costs refiners have to pay to receive a cargo of crude oil from the U.S. Gulf Coast have effectively shut the arbitrage to Asia, with refiners in […]

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Crude Oil is Underpriced, Energy Aspects Says Oil Price

October 9, 2026

Oil futures prices are disconnected from reality on the ground in the Middle East and should be trading closer to $150 a barrel for some physical crude prices, Amrita Sen, […]

Crude Oil is Underpriced, Energy Aspects Says

MarkZ Oil Price

October 8, 2026

Oil Jumps 5% as Iran Steps Up Attacks on Hormuz Tankers Oil Price

Brent crude swung back above $105 per barrel today as reports flow in about increasingly frequent Iranian attacks on tankers in Hormuz while U.S. Gulf Coast operators began shutting in […]

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October 8, 2026

Big Oil Begins Shutting In Gulf of Mexico Production Oil Price

Shell and Chevron have started shutting in platforms in the Gulf of Mexico ahead of an approaching storm that could become a hurricane by the end of the week. Shell […]

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October 8, 2026

India’s Inflation Likely Hit 5.4% in September as Oil Costs Bite Oil Price

India’s inflation is estimated to have accelerated to 5.4% in September, up from 4.82% in August, on the back of soaring oil prices and energy and food costs, a Reuters […]

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October 8, 2026

Equinor Finds New Gas at Norway’s 40-Year-Old Gullfaks Field Oil Price

Equinor has discovered gas at the Gullfaks field, which would help maintain production and activity at the production license in the northern part of the North Sea. Operator Equinor on […]

Oil Price

October 8, 2026

Russian Oil Flows to India Plunge to 310,000 Bpd Oil Price

India is reducing its imports of crude oil from Russia, but mostly not because of the U.S. tariff threat for buying Russian oil. Economics have always been driving Indian refiners’ […]

Oil Price

October 8, 2026

U.S. and Russia Discuss Reviving Russian Gas Sales to Europe Oil Price

The United States and Russia have discussed the idea of finding a U.S. investor for the Nord Stream pipeline and working out sales of Russian gas to Europe, Reuters reported […]

Oil Price

October 7, 2026

QatarEnergy Secures $3 Billion Loan From Chinese Banks as LNG Exports Stall Oil Price

State-owned QatarEnergy has secured a five-year $3-billion loan from a group of Chinese banks as Qatar’s LNG exporter continues to struggle with shipping sizeable volumes to international markets. QatarEnergy has […]

Oil Price

October 7, 2026

Shell’s Refining Margin Jumps 75% as Fuel Supplies Dry Up Oil Price

Shell’s refining margin for the third quarter has nearly doubled sequentially to hit a record high, which is set to combine with strong trading results and high oil and gas […]

Oil Price

October 7, 2026

Norway Plans to Tap $63.7 Billion From Its Oil Fund in 2027 Oil Price

wealth fund for public expenses next year, higher than this year’s spending from the world’s largest such fund. The government unveiled its budget bill for 2027, which includes a proposal […]

Oil Price

October 7, 2026

IEA Discusses G7’s 100 Million-Barrel Oil and Diesel Release Oil Price

The International Energy Agency (IEA) is holding an informal meeting on Wednesday to discuss the planned release of 100 million barrels of oil and diesel stocks to ease the fuel […]

Oil Price

October 6, 2026

At Least 50 Iranian Tankers Are Stuck in the Gulf as U.S. Blockade Holds Oil Price

The U.S. blockade on Iranian oil exports has so far stranded at least 50 Iranian tankers laden with oil inside the Persian Gulf near Iran’s coastline, U.S.-based non-profit and non-partisan […]

Oil Price

October 6, 2026

China Accelerates Ultra-Deep Drilling to Boost Domestic Oil Supply Oil Price

China is accelerating efforts to produce more oil from ultra-deep formations to boost domestic supply amid continued global market turmoil. State-owned giant PetroChina has produced more than 26 million tons […]

Oil Price

October 6, 2026

Japan Courts Saudi Arabia and UAE as Asia’s Oil Supply Fears Persist Oil Price

Japan plans to use the Asia Zero Emission Community (AZEC) meeting later this week to agree with other Asian countries on action plans to increase oil reserves in the region, […]

Oil Price

October 6, 2026

EU Delays Methane Rules, Opens Refinery Talks as Fuel Prices Hit Records Oil Price

The European Union will give energy exporters an extra year to prepare for the EU’s methane regulation as the bloc looks to avoid adding costs to energy supply in the […]

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October 5, 2026

OPEC+ Holds November Quota at 31.01 Million Barrels Daily Oil Price

OPEC+ agreed on Sunday to keep its oil production quota for next month unchanged from this one, in line with expectations, after it unwound its production cuts earlier this year […]

Oil Price

October 5, 2026

Aramco CEO Warns Oil Inventories Are ‘Scarily Thin’ Oil Price

Saudi Aramco CEO Amin Nasser warned Monday that the world has lost nearly 3 billion barrels of gross oil supply since the Iran war began, equivalent to roughly half the […]

Oil Price

October 5, 2026

EU Electric Vehicle Sales Hit Record as Fuel Prices Surge Oil Price

Record-high fuel prices and a record number of newly available affordable models have pushed electric vehicle sales in the European Union to an all-time high this year, Transport & Environment, […]

Oil Price

October 5, 2026

Diesel Margins Slide as G7 Announces 100 Million Barrel Stocks Release Oil Price

The G7 announcement of a release of 100 million barrels of crude oil and diesel has pressured down middle distillate refinery margins, which had hit record highs last month. The […]

Oil Price

October 5, 2026

Hormuz LNG Flows Still Down More Than 75% Despite Rebound Oil Price

LNG traffic at the Strait of Hormuz appears to be ticking up despite increased threats to shipments in the chokepoint in recent days. At least three LNG carriers have transited […]