May 8, 2026 Iraq Denies U.S. Claim Deputy Minister Helped Iran’s Oil Sales Iraq’s Oil Ministry has denied that its deputy minister was involved in opaque sales of Iraqi oil mixed with Iranian crude for Iran’s benefit, as the U.S. alleged on Thursday […] Oil Price
May 7, 2026 EU Imports of Yamal Gas Hit Record Ahead of Ban on Russian LNG The EU boosted its imports of Russian LNG from the Yamal LNG project to a record high in the first four months of 2026, just before the bloc started implementing […] Oil Price
May 7, 2026 Australia Orders LNG Exporters to Reserve 20% of Gas for Domestic Market Australia’s government has mandated energy companies in the country to set aside 20% of their natural gas output for the domestic market to avoid supply shortages along the east coast. […] Oil Price
May 7, 2026 Oil Crunch Prompts Plastics Crisis in Asia Asia is facing plastics shortages because of the oil and gas supply crunch caused by the war in the Middle East, with medical supplies, packaging, and consumer products most vulnerable […] Oil Price
May 7, 2026 Oil Prices Waver as Market Weighs Chances of U.S.-Iran Deal Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday, reversing earlier gains, as the market hopes the U.S. and Iran could […] Oil Price
May 6, 2026 Australia Plans $7 Billion Fuel Stockpile Australia’s government plans to spend A$10 billion, or $7 billion, on building its fuel stock to avoid future supply squeezes. The plans involve stocking up enough to cover at least […] Oil Price
May 6, 2026 Oil Prices Fall Below $100 After Trump Pauses Hormuz Escort Plan Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz […] Oil Price
May 6, 2026 Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected. […] Oil Price
May 6, 2026 Average U.S. Gasoline Price Tops $4.50 to Near Four-Year High The national average price of gasoline in the United States has just topped $4.50 per gallon, the highest level since the middle of July 2022, according to data from GasBuddy, as the […] Oil Price
May 5, 2026 Iraq Offers Huge Discounts for Crude Shipments via Hormuz OPEC’s second-largest producer, Iraq, is offering huge discounts of up to $33.40 per barrel off the official selling prices for its crude that has to move through the Strait of […] Oil Price
May 5, 2026 Norway’s $2.2T Fund Accused of Backing Big Oil The world’s biggest sovereign wealth fund, Norway’s $2.2-trillion Government Pension Fund Global, has dropped its active voting engagement on climate issues at the biggest oil firms in which it has […] Oil Price
May 5, 2026 Ships Cluster Off Dubai as Iran Expands Area of Control at Hormuz About five dozen vessels moved toward Dubai in just one day, joining a growing cluster of at least 363 ships currently off the emirate in the Persian Gulf as Iran […] Oil Price
May 5, 2026 Oil dips as US moves to reopen Strait of Hormuz Oil prices eased more than 1% on Tuesday after climbing by as much as 6% in the previous session on signs the U.S. Navy is loosening Iran’s grip on the […] Oil Price
May 4, 2026 Russian Oil Cargo Set to Arrive in Japan Amid Supply Strains A Russian tanker carrying crude from Sakhalin Island is set to arrive in Japan today in the latest sign energy-strapped importers are intent on securing any supply they can find, even from […] Oil Price
May 4, 2026 TTF Futures Swing From Loss to Gain After Iran Rejects Trump’s Hormuz Plan European benchmark natural gas prices erased an early 3% loss at Monday opening and were up by 1.3% in morning trade in Amsterdam, as the commodity markets watch with apprehension […] Oil Price
May 4, 2026 UAE: OPEC Exit ‘Not Directed Against Anyone’ The United Arab Emirates has not directed at anyone its decision to leave OPEC and the broader OPEC+ alliance, Sultan al Jaber, the chief executive of Abu Dhabi’s national oil […] Oil Price
May 4, 2026 Oil Prices Jump After Iran Claims Missile Strike on U.S. Navy Vessel Near Hormuz Oil prices rallied again on Monday morning after Iran’s Fars news agency reported that two missiles struck a U.S. Navy vessel near Jask Island on the Gulf of Oman, just […] Oil Price
May 4, 2026 China Orders Refiners to Ignore U.S. Sanctions on Key Iranian Oil Buyers Shafaq News In a major escalation of trade tensions between Washington and Beijing, China’s Ministry of Commerce (MOFCOM) has formally invoked its 2021 Blocking Rules for the first time to counteract U.S. sanctions against […] Oil Price
May 1, 2026 Iran Warns of $140 Oil as Trump Holds Hormuz Blockade Oil prices could spike to $140 per barrel as the U.S. is keeping its blockade outside the Strait of Hormuz, Iran says and signals it won’t open the chokepoint to […] Oil Price
May 1, 2026 U.S. Oil and Gas Firms Sign Deals to Operate in Venezuela Venezuela has signed agreements with two U.S. energy firms to operate in the country as a growing number of international oil and gas companies are vying to return to the […] Oil Price
May 1, 2026 TotalEnergies Extends Fuel Price Cap in France as Middle East Crisis Drags On TotalEnergies will keep its fuel prices in France capped for as long as the Middle East crisis lasts, the French supermajor said, extending the policy first introduced two weeks into […] Oil Price
May 1, 2026 Oil Prices Set for Another Weekly Gain as Supply Shock Deepens Crude oil prices may have retreated from the highs reached on Thursday, but they are still set for a strong weekly gain. At the time of writing, Brent crude was […] Oil Price
May 1, 2026 Woodside Struggles to Secure Buyers for U.S. LNG as Pricing Backfires Australia’s Woodside Energy is having trouble finding buyers for the liquefied natural gas it produces at its Louisiana LNG plant, Reuters has reported, citing unnamed sources. The reason is that […] Oil Price
May 1, 2026 Exxon Beats Q1 Earnings on Oil Price Surge Despite 6% Production Drop Higher oil prices drove the first-quarter adjusted earnings at ExxonMobil (NYSE: XOM) above the analyst estimates as the jump in prices more than offset lower oil and gas production in […] Oil Price
April 30, 2026 The Iran War Has Already Destroyed 1.6 Million Bpd in Oil Demand The war in the Middle East and the oil price surge it caused have destroyed 1.6 million barrels daily in demand, ING commodity analysts said in a note today, adding that this […] Oil Price
April 30, 2026 CNPC Pledges to Ensure China’s Oil and Gas Supply Amid Iran Crisis State-owned China National Petroleum Corporation (CNPC), the biggest oil and gas firm in the country, pledged to make “every effort” to ensure sufficient domestic supply of oil, gas, and fuels […] Oil Price
April 30, 2026 Strait of Hormuz Fears Send California Gas Past $6 a Gallon California’s average gasoline price surged to above $6 per gallon on Thursday, the first U.S. state to top this threshold since the Iran war rattled markets. The U.S. benchmark crude […] Oil Price
April 30, 2026 Trump Eyes More U.S. Oil Output as Iran War Squeezes Supply The White House is weighing measures to increase U.S. oil output as supply disruptions tied to the Iran war continue to tighten the market. “We’ve been in constant communication with […] Oil Price
April 29, 2026 TotalEnergies Raises Dividend as Oil Trading Profits Surge TotalEnergies (NYSE: TTE) is raising its interim dividend by 6% as first-quarter earnings jumped by 30% from a year earlier, pushed up by the spike in oil prices and very […] Oil Price
April 29, 2026 China to Allow Higher Fuel Exports in May China has allowed its state energy companies to export more fuels next month after a temporary suspension of all such exports in March. The volumes approved for export in May, […] Oil Price
