April 7, 2026 India’s Fuel Consumption Climbs Even as LPG Supplies Tighten Fuel consumption in India last month reached 21.37 million tons, which was the highest since December 2025, government data showed this week. The figure was also an increase on February’s total of […] Oil Price
April 7, 2026 Kazakhstan’s Oil Exports Stable despite Attack on Russian Black Sea Port Oil News Kazakhstan’s crude exports have not been affected by Monday’s drone attack on the Russian Black Sea port of Novorossiysk, which is the primary export outlet of Kazakh oil, Kazakhstan’s Ministry […] Oil Price
April 7, 2026 WTI Crude Oil Hits $115 as Strikes Target Iran’s Kharg Island Oil News WTI crude surged to $115.8 per barrel—its highest level since April 2008—as President Donald Trump warned that “a whole civilization will die tonight,” while strikes were reported on Iran’s Kharg Island, […] Oil Price
April 7, 2026 Hungary Set to Agree to Buy U.S. Oil During JD Vance Visit Oil News Hungary is expected on Tuesday to agree a $500-million oil supply deal with the United States during the visit of U.S. Vice President JD Vance in Budapest, a source with […] Oil Price
April 6, 2026 OPEC Commits to Boost Output Once Hormuz Reopens OPEC on Sunday agreed to boost oil production by another 206,000 barrels daily, which will be theoretical only as production in the Middle East remains constrained by the Strait of Hormuz crisis. […] Oil Price
April 6, 2026 Qatar LNG Tankers Make First Move Through Hormuz Since War Began Oil News Two tankers that loaded LNG from Qatar before the war began appear to be attempting to exit the Strait of Hormuz in what could be the first export of Qatari […]
April 6, 2026 U.S. Oil Premiums Hit Record High as World Scrambles for Crude Oil News The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high of between $30 and $40 per barrel above key regional benchmarks as Asia and […] 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 […] 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 […] 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 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. […] 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 […] 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 […] 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 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 […] 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% […] 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 […] 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, […] 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 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 […] 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 […] 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 […] 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 […] 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 […] 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 […] 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 […] 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 […] 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 […] Oil Price
