August 28, 2026 Hormuz Tanker Traffic Drops Despite Recovery in Oil Flows Oil Price Tanker traffic in the Strait of Hormuz slowed below the ten-day average this week, with only seven commodity vessels traversing the waterway on Thursday, Reuters reported today, citing preliminary data […] Oil Price
August 28, 2026 Gulf Oil Exports Rebound Despite Iran War Oil Price Oil volumes moving out of the Persian Gulf have recovered to about two-thirds of the typical levels from before the Iran war, Goldman Sachs says, noting that the jump in […] Oil Price
August 28, 2026 India Surpasses 300 GW of Non-Fossil Power Capacity Oil Price India is comfortably on track to meet its goal to have 500 gigawatts (GW) of non-fossil-fuel power capacity installed by 2030, after having just hit the 300 GW milestone, New […] Oil Price
August 28, 2026 Qatar Extends Force Majeure as Hormuz Crisis Still Blocks LNG Traffic Qatar’s state-owned QatarEnergy has extended by several weeks its force majeure on LNG deliveries to customers as the LNG flows at the Strait of Hormuz remained blocked despite increased oil […] Oil Price
August 27, 2026 Alberta Premier Rejects Using Oil as a Weapon Against Trump Oil Price Alberta’s Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration’s tariff salvo against Ottawa, […] Oil Price
August 27, 2026 Oil Prices Fall as Qatar Pushes New Hormuz Talks Oil Price Crude oil prices extended their decline for the fourth day today on news that Qatar’s Prime Minister will visit Tehran today to discuss the possibility of reopening the Strait of […] Oil Price
August 27, 2026 Thailand Accelerates Clean Energy Push to Cut LNG Dependence Oil Price Thailand plans to accelerate the rollout of renewable energy sources and embrace nuclear power for the first time to cut reliance on imported LNG in the wake of the Middle […]
August 27, 2026 Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling […] Oil Price
August 27, 2026 Weak Asian Oil Imports Challenge Claims of Surge in Hormuz Transits Asia is expected to welcome roughly the same volumes of crude oil this month as it did in July, with these still weak imports not signaling a surge in tanker […] Oil Price
August 27, 2026 TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project French oil and gas supermajor TotalEnergies has completed the transfer of its 10% stake in the Arctic LNG 2 to operator Novatek, ending its participation in the sanctioned Russian export […] Oil Price
August 26, 2026 Japan to Unveil New Oil Diversification Strategy Japan is today set to announce an energy import diversification plan that will include stipulations about support for pipelines in the Middle East aimed at diverting export oil flows away […] Oil Price
August 26, 2026 Iran’s Tanker Blacklist Raises New Risks for Gulf Oil Three Indian refining companies and “a global energy major” will stop using tankers included in a black list that Iran issued earlier on Sunday in response to U.S. sanctions, Reuters […] Oil Price
August 26, 2026 Qatar Loses $24 Billion as LNG Exports Collapse 96% Six months since the Iran war crippled Qatar’s LNG exports via the Strait of Hormuz, the world’s second-largest liquefied natural gas exporter has lost $24 billion in sales as exports […] Oil Price
August 26, 2026 UK Energy Bills to Hit Three-Year High as Gas Prices Surge UK energy bills are set for a three-year high at the beginning of the winter, as higher gas prices due to the Iran war have prompted the energy regulator to […] Oil Price
August 26, 2026 India’s ONGC Targets Tenfold Oil Output Boost in Venezuela India’s state-owned Oil and Natural Gas Corporation (ONGC) plans to invest about $200 million to revive production at the San Cristobal oilfield in Venezuela, which it shares with Venezuelan state […] Oil Price
August 26, 2026 Natural Gas, Not Oil, Is Key Inflation Concern in Europe Soaring energy prices have rekindled inflation fears in Europe since the Iran war disrupted oil and gas flows, but policy makers and bond markets appear to be more concerned about […] Oil Price
August 25, 2026 JPMorgan and Santander Lead $15 Billion Financing Push for Argentina LNG JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told […] Oil Price
August 25, 2026 Japan Holds Off on New Oil Reserve Release Despite September Import Drop Japan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said. Oil imports […] Oil Price
August 25, 2026 Equinor Eyes Major Oil Discovery Offshore Namibia Norway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday. Equinor […] Oil Price
August 25, 2026 Ukraine Hits Another Russian Refinery as Fuel Crunch Worsens Ukraine continues to pound Russian refineries in nearly daily drone attacks that damage refining infrastructure, deepen the fuel crisis in Russia, and tighten global fuel markets. In the latest attack […] Oil Price
August 24, 2026 Hormuz Tanker Traffic Slumps as U.S. and Iran Trade Threats Tanker traffic via the Strait of Hormuz remained weak over the weekend, with fewer than 20 vessels traversing the chokepoint as Iran and the United States traded threats again. Some […] Oil Price
August 24, 2026 Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure Iran has made a new gas discovery in the southern province of Fars, with the oil ministry reporting estimates of 7.5 trillion cubic feet of gas, of which 73% is […] Oil Price
August 24, 2026 Norway Vows to Keep Drilling for Oil and Gas in the Arctic Norway plans to continue exploring for oil and gas in its Arctic waters in the Barents Sea regardless of whether the European Union supports or lifts a moratorium on Arctic […]
August 24, 2026 Equinor and Aker BP Make New North Sea Gas Discovery Norwegian oil and gas firms Equinor and Aker BP have made a gas and condensate discovery close to the operating Balder field in the North Sea, the Norwegian Offshore Directorate, […] Oil Price
August 21, 2026 China’s Oil Imports Set to Rebound as Refiners Hunt for New Supply Oil Price Crude oil imports into China are set to rise by about 1.2 million barrels per day in the final quarter of the year from the current one, although they will […] Oil Price
August 21, 2026 Oil Prices Head for Second Straight Weekly Gain as Iran Risks Mount Oil Price Crude oil prices were on course to book a second consecutive weekly gain as the prospects of peace in the Middle East dimmed further amid U.S. threats of the “toughest […] Oil Price
August 21, 2026 Iranian Oil Supply to China Is Rapidly Drying Up Oil Price Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the biggest buyers […] Oil Price
August 21, 2026 Nigeria Eyes $50 Billion Offshore Oil and Gas Investment Boom Oil Price The new Nigerian incentives for offshore oil and gas projects have the potential to attract $50 billion in new investment in Nigeria’s offshore energy sector, the Nigerian Upstream Petroleum Regulatory […] Oil Price
August 20, 2026 Chinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture Chinese refiners are buying Iraqi crude, with recent purchases of 8 million barrels of Basrah Heavy and Basrah Medium for prompt delivery, Bloomberg has reported, citing unnamed traders. Oil has […] Oil Price
August 20, 2026 Middle East Oil Crisis Sends Supertanker Prices to Record Highs Demand for tankers from Middle Eastern oil producers has pushed prices to an all-time high, the Financial Times reported today, saying both new and second-hand very large crude carriers reached […] Oil Price
