August 20, 2026 Has Iranian Crude Become Irrelevant to Global Oil Supply? The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, Bob McNally, president of Rapidan […] Oil Price
August 20, 2026 Brent Oil Price Tops $93 as U.S.-Iran Impasse Persists Brent Crude futures prices topped $93 per barrel early in the morning in Europe on Thursday, hitting a three-week high amid fading hopes of U.S.-Iran talks as President Trump announced […] Oil Price
August 20, 2026 Coking Coal Prices Surge 25%, Squeezing India’s Steelmakers Indian steelmakers are reeling from a jump in coking coal prices this year that is squeezing their margins and delaying capacity expansion in the steelmaking industry, analysts and industry executives […] Oil Price
August 19, 2026 Venezuela Signs Oil Deals With SLB and Hunt to Boost Production Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, Bloomberg reported, citing a TV […] Oil Price
August 19, 2026 Chinese Oil Tankers Turn Back as Hormuz Risks Mount Two Chinese very large crude carriers have made U-turns in the Strait of Hormuz, currently idling in the area, Bloomberg reported today, citing ship-tracking data. One of the supertankers, Sea […] Oil Price
August 19, 2026 India Turns to Piped Gas as Iran War Drives Up LPG Costs India’s government is looking to incentivize city gas distributors to increase piped gas connections to raise domestic cooking gas supply to households as the costs of importing liquefied petroleum gas […] Oil Price
August 19, 2026 UAE Freezes Trade With Iran After Missiles Fall Near Its Coast The United Arab Emirates (UAE) is halting all trade, financial, and commercial ties with Iran until further notice, after saying Tehran had fired ballistic missiles targeting its territory. Late on […] Oil Price
August 19, 2026 Iran War Set to Drive UK Energy Bills to 3-Year High UK household energy bills are set to further rise from October by 4% to their highest level since the summer of 2023, as the Iran war has tightened global gas […] Oil Price
August 18, 2026 U.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit Records Declarations by Iran and the U.S. earlier this week make the prospect of peace in the Middle East even more distant, driving crude oil prices higher. Meanwhile, the diesel crack […] Oil Price
August 18, 2026 Libya Seeks Up to $40 Billion to Boost Oil Output to 2 Million Bpd Libya needs between $36 billion and $40 billion in foreign investment to expand its oil industry and raise output to 2 million barrels daily by the early 2030s, the Financial […] Oil Price
August 18, 2026 China Boosts Fuel Exports as Domestic Stockpiles Swell China exported 6.7% more fuel last month than it did in June, although on an annual basis fuel exports dropped by 12.9%, Reuters reported today, citing Chinese customs data. In absolute terms, […] Oil Price
August 18, 2026 Pakistan’s Power Generation Costs Jump 38% on Record Spot LNG Buys Power generation costs in Pakistan surged by 38% in July from a year earlier as the country paid the highest spot LNG prices in four years amid the supply disruption […] Oil Price
August 18, 2026 Tankers U-Turn at Hormuz as Iran Tightens Its Grip Tanker traffic at the Strait of Hormuz has become even more erratic than before, with vessels meandering and U-turning, unsure how to proceed amid escalating security threats and Iran’s insistence […] Oil Price
August 17, 2026 Hormuz Tanker Traffic Slows to a Trickle Tanker traffic via the Strait of Hormuz slowed further over the weekend, maintaining upward pressure on oil prices. At the time of writing, Brent crude was trading at $88.62 per barrel, with West […] Oil Price
August 17, 2026 Indian Oil Giant Secures U.S. License to Return to Venezuela India’s Oil and Natural Gas Corporation has secured a license from the U.S. Office of Foreign Assets Control to return to Venezuela, Indian media have reported. India’s largest oil and gas […] Oil Price
August 17, 2026 India’s Chief Economic Adviser Calls for Return of E10 Petrol India’s government should consider bringing back fuel with ethanol blending content lower than 20% amid concerns about potential damage to the old vehicle and two-wheeler fleet in the world’s most […] Oil Price
August 17, 2026 China Oil Imports Jump 22% Even as Economic Data Disappoints China began the third quarter with weaker-than-expected key economic indicators, raising additional concerns about the health of its economy and its demand for crude oil in the coming months. Retail […] Oil Price
August 17, 2026 Japan’s Oil Crisis Eases, But the Import Bill Keeps Climbing The oil crisis in Japan has eased in recent weeks as the resource-poor G7 economy that depended on the Middle East for 90% of its crude oil supply has managed […] Oil Price
August 14, 2026 Middle East Oil Tankers Are Going Dark for Longer Not only is a growing number of tankers moving stealthily with transponders switched off at the Middle East’s two key chokepoints, but the time of the so-called dark mode movements […] Oil Price
August 14, 2026 Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on Friday following an overnight drone attack from Ukraine. A fire […] Oil Price
August 14, 2026 Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil North Asian refiners have increased buying activity to secure U.S. crude oil supply as an alternative to the Middle Eastern crude that may not make it outbound from the Strait […] Oil Price
August 14, 2026 Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project Kazakhstan has alleged in a confidential arbitration case that some of the biggest international oil firms that have developed the giant Kashagan oilfield awarded $10.7 billion worth of contracts with […] Oil Price
August 13, 2026 Alaska LNG Pipeline Bill Dies in Legislature, Governor Fires Back A bill about the construction of a pipeline for liquefied natural gas has failed to secure sufficient votes in the state’s legislature, prompting a sharp reaction from Governor Mike Dunleavy […] Oil Price
August 13, 2026 India Eyes Two New Sites to Expand Strategic Oil Reserves State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the world’s third-largest crude oil importer looks to boost its energy […] Oil Price
August 13, 2026 Oil Shocks Could Accelerate EV Adoption, WoodMac Says Oil supply disruptions, high fuel prices and faster battery innovation could give electric vehicle adoption a fresh push, with consequences for oil demand, power grids and metals markets, Wood Mackenzie […] Oil Price
August 13, 2026 Romania Shuts Down Last Nuclear Reactor As Danube Hits 90-Year Low Romania on Thursday began shutting down its only remaining operating nuclear reactor as record-low water levels on the Danube have forced nuclear power shutdowns in central and eastern Europe in […] Oil Price
August 12, 2026 Russia Imports Indian Fuel as Refinery Crisis Deepens Russia has started importing fuels from India, Bloomberg reported today, citing Kpler data that shows one cargo of 42,000 tons of gasoline from Nayara Energy’s Vadinar refinery arriving in Russia […] Oil Price
August 12, 2026 Tanker Data Contradicts U.S. Claim That Middle East Oil Flows Have Normalized Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, U.S. Secretary of Energy Chris Wright said on Tuesday in a claim that appears not […] Oil Price
August 12, 2026 UK Warns of Tighter Power Margins During Eclipse The UK could see a power supply margin shortfall during the solar eclipse on Wednesday amid high demand in the new heatwave that is sweeping through Britain and the rest […] Oil Price
August 12, 2026 IEA: Global Oil Deficit To Hit 1.8 Million Bpd This Quarter The IEA has slashed its 2026 global oil supply forecast, with output now expected to plunge 4.3 million barrels per day this year as the failure to reopen the Strait of Hormuz […] Oil Price
