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Home - Oil Price - Page 21

Oil Price

April 6, 2026

Energy Shock Prompts Analysts to Cut India’s GDP Growth Forecasts Oil News

India’s economy will grow by lower rates over the next year than initially expected as the energy supply shock from the Middle East is hitting supply and manufacturing and raising […]

Energy Shock Prompts Analysts to Cut India's GDP Growth Forecasts
Oil Price
April 6, 2026

Ukraine Steps Up Drone Attacks on Russian Oil Infrastructure Oil News

The key Russian oil export terminal at Novorossiysk was on fire early on Monday following an overnight drone attack, as Ukraine intensifies strikes on Russia’s oil infrastructure to reduce its […]

Ukraine Steps Up Drone Attacks on Russian Oil Infrastructure
Oil Price
April 3, 2026

Oil Majors Eye U.S. Offshore Asset as Supply Crunch Intensifies Oil News

TotalEnergies and Shell are among the companies interested in buying a majority stake in the Shenandoah oil and gas field that is being sold by Beacon Offshore Energy and HEQ […]

Oil Majors Eye U.S. Offshore Asset as Supply Crunch Intensifies
Oil Price
April 3, 2026

Japan’s JERA Cancels Long-Term LNG Deal With Commonwealth Oil News

Japan’s JERA and Commonwealth LNG have terminated a deal for the supply of liquefied gas to the Japanese firm, Reuters has reported, citing a filing with the U.S. Department of Energy. […]

Japan’s JERA Cancels Long-Term LNG Deal With Commonwealth
Oil Price
April 3, 2026

JP Morgan Sees $150 Oil if Hormuz Remains Closed Through Mid-May Oil News

Oil prices could top $150 per barrel if energy flows through the Strait of Hormuz remain disrupted through the middle of May, according to JP Morgan. Prices are headed to […]

April 3, 2026

Canada’s Synthetic Crude Soars 200% as War Chokes Diesel Supply Oil News

The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200% since March 27 as the Middle East war cripples global diesel supply […]

Canada’s Synthetic Crude Soars 200% as War Chokes Diesel Supply
Oil Price
April 2, 2026

Venezuela Oil Exports Top 1 Million Bpd in March Oil News

Venezuela exported crude oil at a rate of over 1 million barrels daily last month, for the first time in six months, Reuters has reported, citing shipping data. According to the […]

Venezuela Oil Exports Top 1 Million Bpd in March
Oil Price
April 2, 2026

Oil Prices Surge 6% as Trump Signals Prolonged Iran Conflict Oil News

Oil prices surged in early Asian trade on Thursday after President Trump signaled that Washington would continue its military campaign against Iran, including potential strikes on energy infrastructure. Before the […]

Oil Prices Surge 6% as Trump Signals Prolonged Iran Conflict
Oil Price
April 2, 2026

WTI Jumps 51% in a Month on Iran War Supply Shock Oil News

West Texas Intermediate added some 51% over last month, currently trading at over $100 per barrel as President Trump indicated the war against Iran was not coming to a swift […]

WTI Jumps 51% in a Month on Iran War Supply Shock
Oil Price
April 2, 2026

India Accelerates Shift to Piped Gas as LPG Crisis Deepens Oil News

India is accelerating the move to piped gas for household use as liquefied petroleum gas (LPG) supplies are severely disrupted due to the war in the Middle East. Around 60% […]

India Accelerates Shift to Piped Gas as LPG Crisis Deepens
Oil Price
April 2, 2026

Australia Considers Emergency Powers to Protect Domestic Gas Supply Oil News

Australia’s government intends to consider using emergency powers to protect domestic natural gas supply in case of a shortfall on its east coast in the third quarter of 2026. The potential consideration […]

Australia Considers Emergency Powers to Protect Domestic Gas Supply
Oil Price
April 1, 2026

OPEC Output Plunges by 7 Million Bpd as War Chokes Supply Oil News

Crude oil production by OPEC members dropped by 7.2 million barrels daily last month, according to a Reuters survey using data from platform LSEG and analytics information providers, including Kpler, […]

OPEC Output Plunges by 7 Million Bpd as War Chokes Supply
Oil Price
April 1, 2026

Brent Oil Dips Below $100 as Trump Signals End to Iran War Oil News

Brent Crude oil futures plunged by 4% early on Wednesday to trade below $100 per barrel for the first time in a week, after U.S. President Donald Trump signaled the […]

April 1, 2026

Oil-Starved Asia Turns to Russia After U.S. Waiver Oil News

Some Asian countries are taking Russian oil for the first time in years after the U.S. waiver allowed purchases of Russian oil on tankers to ease the major oil supply […]

Oil-Starved Asia Turns to Russia After U.S. Waiver
Oil Price
April 1, 2026

EU Warns Energy Prices Won’t Fall Even If Iran War Ends Tomorrow Oil News

Oil and gas prices will not return to pre-war levels soon even if the conflict in the Middle East were to end today, Dan Jørgensen, European Commissioner for Energy and […]

EU Warns Energy Prices Won't Fall Even If Iran War Ends Tomorrow
Oil Price
March 31, 2026

Iranian Drone Sets Kuwaiti Oil Tanker on Fire Oil News

An Iranian drone reportedly hit a Kuwaiti oil tanker anchored at Dubai port, setting the vessel on fire, media reported earlier today, adding in later updates that the fire has […]

Iranian Drone Sets Kuwaiti Oil Tanker on Fire
Oil Price
March 31, 2026

India Says 28 Oil and Gas Ships Are Stranded Near the Strait of Hormuz Oil News

At least 28 ships, including vessels carrying crude oil, liquefied petroleum gas (LPG), and LNG supplies to India, are currently stranded near the Strait of Hormuz, the Indian government has […]

India Says 28 Oil and Gas Ships Are Stranded Near the Strait of Hormuz
Oil Price
March 31, 2026

Six More Weeks of Choked Hormuz Supply Could Send Oil to $200 Oil News

Oil prices could jump to $200 per barrel and even higher if the Strait of Hormuz remains near-closed as it is at the moment, Fereidun Fesharaki, Chairman Emeritus of energy […]

Six More Weeks of Choked Hormuz Supply Could Send Oil to $200
Oil Price
March 31, 2026

UAE Investment Firm Buys U.S. Midstream Gas Assets for $2.25 Billion Oil News

2PointZero, an Abu Dhabi-based investment company focused on energy infrastructure, has signed a deal to buy 100% in U.S. firm Traverse Midstream Partners, owner of minority stakes in natural gas […]

UAE Investment Firm Buys U.S. Midstream Gas Assets for $2.25 Billion
Oil Price
March 31, 2026

Asia Burns More Coal as Middle East War Sends LNG Prices to 3-Year Highs Oil News

Coal is back with a bang in Asia’s power generation, as countries scramble to contain the LNG supply shortage due to the war in the Middle East. Coal hasn’t really […]

Asia Burns More Coal as Middle East War Sends LNG Prices to 3-Year Highs
Oil Price
March 30, 2026

Australia Cuts Fuel Tax in Half as Middle East War Squeezes Supply

Australia is halving the fuel excise on gasoline and diesel for three months in a bid to alleviate financial stress from spiking fuel prices, the government said on Monday. The measure would […]

Australia Cuts Fuel Tax in Half as Middle East War Squeezes Supply
Oil Price
March 30, 2026

India Leans on Coal and Renewables as War Throttles Gas Supply

India is speeding up the commissioning of wind farms and battery storage systems as its natural gas supply is slashed amid the war in the Middle East, India’s junior power […]

India Leans on Coal and Renewables as War Throttles Gas Supply
Oil Price
March 30, 2026

War Complicates Pricing of Saudi Arabia’s Oil for Asia

Days before it is slated to announce pricing for May-loading cargoes for Asia, the world’s top crude exporter, Saudi Arabia, is unsure how the typical price mechanism could apply and […]

War Complicates Pricing of Saudi Arabia’s Oil for Asia
Oil Price
March 30, 2026

Nigeria Pays 65% More for Gasoline as Dangote Battles Crude Import Costs

Despite the fact that Nigeria is now home to the biggest oil refinery in Africa, Nigeria’s gasoline prices have soared to a record high amid the war in the Middle […]

Nigeria Pays 65% More for Gasoline as Dangote Battles Crude Import Costs
Oil Price
March 30, 2026

QatarEnergy Brings U.S. LNG Online Amid Ras Laffan Fallout Oil News

Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil (NYSE:XOM), has achieved first production of liquefied natural gas (LNG) at its first liquefaction train, marking the transition of the facility from a receiving […]

QatarEnergy Brings U.S. LNG Online Amid Ras Laffan Fallout
Oil Price
March 28, 2026

Aker BP’s Earnings Slide Masks a Massive Growth Push

Aker BP’s 2025 Annual Report confirms what the market has been sensing for months: this was not a peak year—it was a transition year.Production held firm, costs remained low, and […]

Aker BP’s Earnings Slide Masks a Massive Growth Push
Oil Price
March 28, 2026

Russia Warns of Force Majeure on Oil Cargoes After Port Disruptions

Russia’s oil exporters are warning buyers that cargoes from its key Baltic ports may not be delivered at all. Russian producers are now saying they may declare force majeure on […]

March 28, 2026

Brent Surges Past $110 on Iran Rejection

Oil markets are being driven by the standoff over the Strait of Hormuz, with Iran rejecting U.S. terms and delays in negotiations pushing Brent back above $110. Friday, March 27, […]

Brent Surges Past $110 on Iran Rejection
Oil Price
March 28, 2026

US Drillers Pull Back As WTI Soars Past $98

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the […]

US Drillers Pull Back As WTI Soars Past $98
Oil Price
March 27, 2026

Macquarie: Two More Months of War Could Send Oil to $200

Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned. The […]

Macquarie: Two More Months of War Could Send Oil to $200
Oil Price

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