June 10, 2026 U.S. to Release LNG and LPG Reserves to ASEAN Countries The United States will release liquefied natural gas and liquefied petroleum gas from its strategic reserves to sell to ASEAN members, Deputy Secretary of State Christopher Landau said today at […] Oil Price
June 10, 2026 U.S. Company to Send 250,000 Barrels of Fuel to Cuba An American company is preparing to send a cargo of diesel and gasoline to Cuba in what, if successful, would be the biggest U.S. shipment of fuel to the island […] Oil Price
June 10, 2026 China Begins Tapping Oil Stockpiles as Middle East Crisis Drags On China began tapping its huge oil reserves in May, three months after the Middle East conflict wiped out about a tenth of global supply, in a sign that Beijing is […] Oil Price
June 10, 2026 EU Moves Against Russian LNG Shipping As Arctic Gas Imports Surge Brussels is proposing new restrictions on Russia’s LNG shipping sector even as Europe remains the primary destination for Russian Arctic gas, receiving nearly 97% of Yamal Arctic LNG exports so […] Oil Price
June 10, 2026 EnQuest Bets $833 Million on Malaysia’s Offshore Oil EnQuest PLC has agreed to buy interests in four production sharing contracts offshore Malaysia from local state firm Petronas for up to $833 million, as the UK-based oil and gas […] Oil Price
June 9, 2026 More LNG Tankers Slip Through the Strait of Hormuz Another LNG carrier loaded with Qatari gas has passed through the Strait of Hormuz this week, bringing the total number of Qatari LNG cargoes that have cleared the chokepoint since […] Oil Price
June 9, 2026 China’s Oil Imports Plummet to Eight-Year Low Crude oil imports to China in May fell to their lowest since October 2017 because of the price spike resulting from the Persian Gulf tanker traffic disruption. The May total […] Oil Price
June 9, 2026 The Oil Shock Is Weakening India’s Economy and Finances India is scrambling to contain the economic and financial impact of the worst oil supply disruption in history as analysts say the high oil prices would continue to weigh on […] Oil Price
June 9, 2026 World’s 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025 The biggest banks in the world increased financing for fossil fuels by 8% in 2025 from a year earlier, committing a total of $906 billion to fossil fuel companies amid […] Oil Price
June 8, 2026 Israel Hits Iranian Petrochemical Plant as War Escalates Israel hit a petrochemical plant in southwestern Iran early on Monday, the first direct energy strike on Iranian territory since the April 8 ceasefire, as hostilities in the Middle East […] Oil Price
June 8, 2026 Eurozone Fuel Sales Fall 3.5% as Iran War Sends Prices Surging Automotive fuel sales in the Eurozone slumped by the most in two and a half years in April as drivers reduced gasoline and diesel purchases as prices jumped in the […] Oil Price
June 8, 2026 Escalating Strike Action at Australian LNG Sites Could Hit Supply Shafaq News Workers at Australian LNG export facilities of Japanese energy firm Inpex have voted to escalate the strike action at all three sites to work stoppages of up to 8 hours […] Oil Price
June 5, 2026 Oman Oil Terminal Attack Rattles the Market’s Last Calm Corner Media reports about a blast disrupting oil loadings at Oman’s main terminal pushed benchmark prices higher earlier today, in the latest sign that any hopes about an end to Persian […] Oil Price
June 5, 2026 Indian Companies Eye Venezuelan Oil Fields as Imports Surge 51% in a Month Indian energy companies are interested in expanding into Venezuelan oil, New Delhi’s top energy official Hardeep Singh Puri said today at a meeting with Venezuela’s interim president Delcy Rodriguez in […] Oil Price
June 5, 2026 Malaysia’s Oil Production Fell 5.5% in Q1 Malaysia’s crude and condensate production dropped by 5.5% from a year earlier to 43 million barrels in the first quarter of 2026, due to a slump in crude output, the […] Oil Price
June 5, 2026 EU Says No Jet Fuel Shortage Coming Despite Middle East Supply Loss Shortages of jet fuel are not looming over Europe despite the shock loss of supply from the Middle East and soaring prices, according to EU Sustainable Transport and Tourism Commissioner, […] Oil Price
June 5, 2026 Australia’s 344-Million-Barrel Oilfield Could Finally Get the Green Light After years of delays, Australia’s largest undeveloped oil project could progress to a final investment decision in 2027 as the energy crisis amid the Iran war has heightened the need […] Oil Price
June 4, 2026 Pakistan Rushes to Secure LNG as Summer Power Demand Surges Pakistan has issued a new tender for LNG, to the amount of 1 million tons, The Nation reported today, citing the seasonal increase in electricity demand as summer heat sets in. This […] Oil Price
June 4, 2026 Iran Says ‘No Tangible Progress’ in Talks with U.S. Iran has signaled that there has been “no tangible progress” in the talks with the U.S. on a potential deal while the Israel-Lebanon ceasefire announced by the United States overnight […] Oil Price
June 4, 2026 Russia Admits Oil Output Is Falling as Ukrainian Drone Strikes Hits Refineries Russia’s crude oil production has declined since the beginning of the year as a number of local refineries are under unscheduled repairs and maintenance, Russia’s Deputy Prime Minister Alexander Novak […] Oil Price
June 4, 2026 KEPCO Wins $1.4-Billion power Project for $100-Billion Saudi Jafurah Field South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) has won a $1.4-billion deal with Saudi oil giant Aramco to build and operate Phase 2 of Saudi Arabia’s Jafurah cogeneration power plant […] Oil Price
June 3, 2026 Goldman Sachs CEO Warns Oil Shock Could Alter Consumer Behavior Tightening crude oil supply will lead to consumer behavior changes in the second half of the year as the imbalance with demand pushes inflation higher, the chief executive of Goldman […] Oil Price
June 3, 2026 Supply Shock to Slash India’s Oil Demand Growth to Pandemic Low Analysts have slashed their estimates of India’s oil demand growth this year, with the consumption uptick to be the weakest since the Covid pandemic as the supply crunch and higher […] Oil Price
June 3, 2026 Iraq Looks to Triple Pipeline Oil Exports as Hormuz Remains Closed Vietnam News Iraq plans to triple within three months its exports of crude oil through Kurdistan to the Turkish Mediterranean port of Ceyhan as OPEC’s second-largest producer is one of the Middle […] Oil Price
June 2, 2026 Strike Action at Major Australian LNG Facility Raises Supply Concerns Union workers at the Ichthys LNG project in Australia have started limited industrial action at the facility, threatening broader work suspension unless the wage dispute with employers is resolved soon. […] Oil Price
June 2, 2026 Oil Pulls Back as Trump Claims Lebanon Ceasefire Deal Is Within Reach Shafaq News The oil price rally lost steam after President Donald Trump’s diplomatic efforts to de-escalate tensions in Lebanon calmed commodity markets, pushing global oil prices lower and allowing crude to ease […] Oil Price
June 2, 2026 IEA: Global Oil Stocks on Track for Historical Lows Ahead of Summer Peak The International Energy Agency (IEA) has warned that global oil markets could enter a “red zone” in July and August as rapidly depleting crude inventories coincide with the onset of […] Oil Price
June 2, 2026 Iraq, UAE, Saudi Arabia All Set for Major Oil Output Surge in 2027 Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year’s shut-ins due to the Iran war and […] Oil Price
June 1, 2026 Goldman Sachs Sees Oil Demand Destruction Offsetting Supply Shock Risks Demand destruction resulting from higher prices will somewhat soften the blow from physically tighter oil markets, Goldman Sachs commodity analysts said in a note. “We see significant upside price risks […] Oil Price
June 1, 2026 Indian Refiners Freeze Domestic Jet Fuel Prices Indian refiners have frozen the price of jet fuel for domestic flights after airlines asked for a respite from fuel price hikes, Bloomberg has reported, adding that in April, jet fuel […] Oil Price
