June 18, 2026 High Oil Prices Are Driving an EV Boom in Europe High oil and fuel prices led to yet another monthly rise in electric car sales in Europe, at a solid 34% on the year, thanks in no small part to […] Oil Price
June 18, 2026 India’s Energy Import Bill Jumps 82% Due to High Oil Prices India’s imports of crude and LNG jumped in May from April, as arrivals of non-Middle Eastern cargoes accelerated, and the country’s energy import bill soared by nearly 82% from a […] Oil Price
June 18, 2026 Argus: U.S-Iran Deal Won’t Lead to One-Way Traffic to Plunging Oil Prices The uncertain pace of supply recovery in the Middle East and the continued rapid drawdowns of global inventories make the case that oil price volatility would drag on during the […] Oil Price
June 18, 2026 JPMorgan: European Stocks Are Attractively Cheap After Oil Price Slump Europe’s relatively cheap stocks could become attractive for investors as the oil prices plunged and markets hope the Hormuz crisis is over, according to JPMorgan. Assuming that the Middle East […] Oil Price
June 18, 2026 India’s Pump Prices Stuck Even As Global Crude Crashes India’s fuel prices will remain elevated for some time despite the declining international crude prices, according to India’s Union Minister of State for Petroleum and Natural Gas, Suresh Gopi. Indian drivers will […] Oil Price
June 17, 2026 Oil Tankers Reverse Course on Hopes of Hormuz Reopening Two tankers that were heading to Africa have changed course and are now moving to the Middle East, Bloomberg reported today, citing ship-tracking data. One of the tankers, a Suezmax, which was […]
June 17, 2026 China’s Gasoline Car Market Is Crashing as Fuel Prices Surge Gasoline car demand in China is slumping on higher fuel prices resulting from the crisis in the Middle East, with gas guzzlers such as Range Rover, fetching discounts of up […]
June 17, 2026 Global Gas Markets Get Another Boost as Australian LNG Strike Ends A weeks-long strike action at the Ichthys LNG facilities in Australia is coming to an end after trade unions and Japanese energy company Inpex reached an agreement on pay and […] Oil Price
June 17, 2026 First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to […] Oil Price
June 17, 2026 ECB: Iran Peace Deal Won’t Erase Europe’s Energy Price Shock Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank […] Oil Price
June 16, 2026 Qatar Eyes Quick LNG Restart Once Hormuz Reopens Qatar prepares to quickly restart and restore liquefied natural gas output within weeks after the eventual reopening of the Strait of Hormuz, Bloomberg reported on Tuesday, citing anonymous sources with knowledge of […] Oil Price
June 16, 2026 ConocoPhillips Set to Become First U.S. Major to Sign Post-War Syria Gas Deal ConocoPhillips is set to sign a deal with Syria’s state gas company this week for the development of local fields, the Financial Times reported, citing unnamed sources as saying the deal […] Oil Price
June 16, 2026 Banks Slash Oil Price Forecasts After U.S.-Iran Breakthrough Morgan Stanley and Goldman Sachs cut their forecast for oil prices towards the end of the year and 2027 following developments in the peace negotiations between the United States and […] Oil Price
June 16, 2026 World’s Largest Tanker Operator Cautions Against Hormuz Rush The U.S.-Iran deal has raised hopes that the oil supply disruption in the Middle East could be nearing its end, but the biggest international tanker operators aren’t rushing to return […] Oil Price
June 16, 2026 India’s ONGC Considers Resuming Venezuela Oil Operations ONGC Videsh Ltd (OVL), the overseas unit of India’s state-owned Oil and Natural Gas Corporation (ONGC), considers reviving operations at its two onshore oil assets in Venezuela as the world’s […] Oil Price
June 15, 2026 LNG Tanker Heads for Hormuz Amid News of Reopening A liquefied natural gas tanker has headed for the Strait of Hormuz, following an announcement by President Trump that he had struck a deal with Iran for the reopening of […] Oil Price
June 15, 2026 Japanese Shipping Companies Hold Back Despite Hormuz Deal Japanese shipping companies that own vessels stuck near the Strait of Hormuz are in no rush to test the veracity of news that the U.S. and Iran had agreed to […] Oil Price
June 15, 2026 China’s Return to the Oil Market Could Boost Inflation The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the […] Oil Price
June 15, 2026 90% of Global Businesses Expect to Electrify Operations by 2035 An overwhelming 90% of global businesses expect to electrify their operations by 2035 amid geopolitical instability fueling volatility in fossil fuel supply and prices, a new survey showed on Monday. The polling, […] Oil Price
June 15, 2026 First LNG Tanker Clears Hormuz After U.S.-Iran Deal Announcement An LNG carrier successfully passed through the Strait of Hormuz early on Monday, the first tanker carrying energy products to clear the chokepoint since the U.S. and Iran announced a […] Oil Price
June 12, 2026 Oil Prices Tumble 4% on Iran Peace Optimism Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in […] Oil Price
June 12, 2026 India Accuses West of Double Standards Over U.S. Russia Oil Sanctions The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S […] Oil Price
June 12, 2026 Russian Governors Rush to Deny Fuel Crisis as Rationing Spreads Russia’s authorities and regional governors are racing to assure residents there are no fuel shortages amid an intensified Ukrainian drone campaign at Russian refineries and fuel supply roads. Ukraine has stepped […] Oil Price
June 12, 2026 Nigeria’s Crude Oil Production Hits 15-Month High Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed. Nigeria […] Oil Price
June 12, 2026 Europe Wary Of Too Much Dependence on U.S. LNG European buyers aren’t committing to long-term LNG supply agreements with U.S. exporters despite the ongoing EU phase-out of Russian gas imports and the supply crisis in the Middle East. U.S. […] Oil Price
June 11, 2026 OPEC Oil Production Falls to Lowest Level Since 2000 Crude oil production among members of OPEC has this year collapsed to a generational low, at just 16.13 million barrels daily, Reuters reported, citing a regular survey it conducts on OPEC […] Oil Price
June 11, 2026 Trans Mountain Oil Pipeline Hits Full Capacity as Asian Demand Surges The Trans Mountain pipeline has reached full capacity for the first time since its expansion was completed, boosting the pipe’s total carrying capability to 890,000 barrels daily. Indeed, this month […] Oil Price
June 11, 2026 Japan Taps Reserves and New Suppliers to Beat the Oil Blockade Despite the Hormuz crisis, Japan has secured the same volumes of oil imports for July as it did a year ago, as it is boosting imports from producers not dependent […] Oil Price
June 11, 2026 Oil Could Hit $150 If U.S.-Iran Ceasefire Collapses Oil prices could hit $150 per barrel if hostilities between the United States and Iran escalate further from the current, most testing period in the ceasefire, according to intelligence firm […] Oil Price
June 11, 2026 India Secures Crude Supply Through August with Higher UAE Imports Indian refiners have secured crude supply at least through August as they boost purchases from the United Arab Emirates (UAE), Africa, and Brazil, trade sources told Reuters on Thursday. India’s […] Oil Price
