May 22, 2026 India Explores Alternative Energy Sources Amid Oil Supply Shock India’s Prime Minister Narendra Modi has urged the government to urgently explore an increase in the use of alternative energy sources, including biogas as a substitute for liquefied petroleum gas (LPG), as […] Oil Price
May 22, 2026 China’s Fuel Exports to Remain Low as Curbs Persist Shafaq News China’s fuel exports will rise only slightly in June from May as government restrictions on shipments largely remain in place to preserve supply for the domestic market amid the biggest […] Oil Price
May 22, 2026 TotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind Portfolio TotalEnergies is considering selling 50% of some of its solar and wind assets in Europe as part of its strategy to partner with other companies in operating and monetizing its […] Oil Price
May 21, 2026 Saudi Arabia Forced to Boost Fuel Oil Imports as Gas Output Dips Saudi Arabia is importing more fuel oil than before, to use in power generation as its natural gas production reverses direction and declines, Reuters has reported, citing Rystad Energy. OPEC’s number-one […] Oil Price
May 21, 2026 Goldman Sachs Sounds Fresh Alarm on Global Oil Stockpiles Global oil inventories are falling at an accelerated rate, Goldman Sachs has warned, noting April draws from inventories had run at double the rate until the end of March. Since the […] Oil Price
May 21, 2026 Traders Expect Oil Prices to Remain Above $81 for the Next 12 Months Oil prices are set to average between $81 and $100 per barrel over the next 12 months as demand destruction will help balance a market that continues to price in […] Oil Price
May 21, 2026 China’s Solar Exports Soar as World Grapples with Energy Crisis Despite the end of China’s export tax refunds on April 1, exports of Chinese solar cells and panels continued to surge in April as demand for solar installations in Africa, […] Oil Price
May 21, 2026 U.S. Energy Storage Installations Post Record First Quarter Despite unfavorable federal policies, the U.S. energy storage additions jumped by 31% from a year earlier to 9.7 gigawatt-hours (GWh) in the first quarter of 2026, the strongest first quarter […] Oil Price
May 20, 2026 Europe’s EV Sales Surge as Oil Shock Hits Drivers Sales of electric vehicles in Europe are on the rise as the Middle East war disruption in oil exports pushes retail fuel prices higher, Reuters reported today, citing data from the industry […] Oil Price
May 20, 2026 Two Supertankers Exit Hormuz With Crude Bound for China Two supertankers loaded with crude oil exited the Strait of Hormuz today and are heading to China, Reuters reported, citing data from LSEG and Kpler. The vessels are carrying Iraqi and […] Oil Price
May 20, 2026 India Eyes Direct Gulf Oil Loading Despite Hormuz Blockade India plans to send empty tankers into the Strait of Hormuz to load oil supplies from the Gulf producers in a first such Indian move west of the chokepoint for […] Oil Price
May 20, 2026 Energean Slashes Dividend After Israel Gas Shutdown Cuts Output UK-based oil and gas producer Energean plc on Wednesday slashed its first-quarter dividend and full-year production outlook following a 41-day halt to production at a gas field offshore Israel due to the […] Oil Price
May 20, 2026 Woodside CEO: Markets Are Badly Underestimating the LNG Supply Shock The global gas markets are seriously underestimating how the shock loss of LNG supply from the Middle East will affect the world and economies in the coming months and years, […] Oil Price
May 19, 2026 Venezuela Tries to Convince Big Oil It’s Safe to Come Back Venezuela is making a fresh pitch to foreign oil companies: this time, if things go sideways, you may not have to fight it out in Caracas. Oil Minister Paula Henao […] Oil Price
May 19, 2026 India Hikes Fuel Prices for the Second Time in a Week India’s state fuel traders raised retail prices for the second time in less than a week, as they seek to cushion the blow to margins from soaring crude prices while […]
May 19, 2026 Japan and South Korea Deepen Oil Ties as Hormuz Crisis Bites Shafaq News The prime ministers of Japan and South Korea have agreed to boost oil supply cooperation, which would involve joint storage, Nikkei reported today, ahead of a meeting between the top officials in […] Oil Price
May 19, 2026 Nigeria Needs New Export Markets as UAE’s Exit Rattles OPEC Nigeria should market its crude oil to new buyers as the UAE’s decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking […]
May 19, 2026 Iran’s Floating Oil Stockpile Jumps 65% as U.S. Naval Blockade Bites The volumes of Iranian oil stored at tankers in and around the Strait of Hormuz have jumped in recent weeks as Iran considers ways to circumvent the U.S. blockade in […] Oil Price
May 18, 2026 Russia Quietly Adds Four LNG Carriers to Its Arctic Dark Fleet Russia appears to have recently added four LNG carriers to its growing dark fleet of tankers exporting cargoes from the sanctioned Arctic LNG 2 project, a Bloomberg analysis of shipping […] Oil Price
May 18, 2026 China Burns More Coal and Gas as Wind and Nuclear Output Falls China boosted its coal and gas power generation by 3.1% in April from a year earlier as wind and nuclear power output fell. Despite a 1% decline in domestic coal […] Oil Price
May 18, 2026 India’s Oil Refiners Slated To Ride Out Disruptions After Russian Waiver Ends Indian oil refiners are structurally equipped to handle potential disruptions after the United States allowed its key sanctions waiver on Russian seaborne crude purchases to expire. Petroleum Minister Hardeep […] Oil Price
May 18, 2026 New Fed Chair Faces Pressure as Oil Prices Fuel Inflation The U.S. Federal Reserve is set to begin a new era after former governor Kevin Warsh won a highly polarized 54-45 Senate confirmation vote to replace Jerome Powell as the […] Oil Price
May 18, 2026 European Airlines Say Jet Fuel Supply Is Under Control for Summer European airlines are becoming increasingly confident the continent would avoid a jet fuel shortage this summer as refiners maximize jet fuel output and buyers diversify imports to offset supply losses […] Oil Price
May 15, 2026 BP Weighs Egyptian Gas Asset Sale in Restructuring Drive Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The […] Oil Price
May 15, 2026 Brent Heads for 6% Weekly Gain as Trump Loses Patience With Iran Brent crude was set for a 6% weekly gain as President Donald Trump said his patience with Iran was running out, despite Iran saying 30 vessels had recently cleared the […]
May 15, 2026 ADNOC to Double Hormuz-Bypass Export Capacity With New Pipeline in 2027 The Abu Dhabi national oil company ADNOC plans to have a new pipeline operational in 2027 that would double its oil export capacity through Fujairah, which sits outside the Strait […] Oil Price
May 15, 2026 India Signs LPG and Strategic Oil Reserves Deal with UAE India on Friday signed a strategic agreement with the United Arab Emirates to receive liquefied petroleum gas from the UAE, as well as a Memorandum of Understanding (MoU) on strategic petroleum reserves. […] Oil Price
May 14, 2026 Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers Iran’s dark fleet vessels have been increasingly engaged in ship-to-ship transfers just outside Malaysian waters, exploiting gaps in jurisdiction and enforcement rules to continue shipping oil to China, according to […] Oil Price
May 14, 2026 India’s Wholesale Inflation Hits 3.5-Year High as Fuel Costs Surge 25% Soaring energy costs sent India’s wholesale inflation surging in April to the highest level in three and a half years and well above analyst estimates, as the worst oil supply […] Oil Price
May 14, 2026 Russia’s Oil Windfall Gets Bigger as Hormuz Stays Shut Russia just found itself on the right side of the oil shock. As the Iran war continues to choke flows through the Strait of Hormuz and scramble global crude markets, […] Oil Price
