April 22, 2026 Oil Flows via Druzhba Set To Restart Today The flow of crude oil via the Druzhba pipeline from Russia to Germany will restart today, Reuters is reporting, citing an unnamed source. “Oil pumping is scheduled to begin tomorrow at […] Oil Price
April 21, 2026 Pakistan Is Now Paying a Record Premium for Fuel Imports Pakistan is paying an all-time high premium of $34 per barrel on petroleum product imports amid the supply crunch caused by the war in the Middle East. Previously, Pakistan State […] Oil Price
April 21, 2026 U.S. Oil Exports Set to Hit Record High The United States is set to export a record-breaking 5.44 million barrels of crude daily this month, data from Kpler cited by Reuters’ Clyde Russell has shown. In May, U.S. oil exports […] Oil Price
April 21, 2026 Oil Markets on Edge as Trump Signals No Ceasefire Extension Without Agreement The United States is “highly unlikely” to extend the U.S.-Iran ceasefire that expires in the coming hours, U.S. President Donald Trump told Bloomberg News in a telephone interview late on Monday. The […] Oil Price
April 21, 2026 IEA: Strait of Hormuz Has Lost Its Status as Reliable Energy Route The Middle East war and the crisis at the Strait of Hormuz could redraw the global energy map as world’s most critical oil chokepoint is no longer seen as a […] Oil Price
April 20, 2026 U.S. Extends Sanction Waiver on Russian Oil for India Days after saying it would not extend a sanction waiver for Russian crude sold to Indian refiners, the U.S. Treasury Department changed its mind and extended the waiver for two […] Oil Price
April 20, 2026 Iran Issues Stark Warning Over U.S. Naval Blockade Iran has warned the world that it cannot and would not guarantee safe passage through the Strait of Hormuz if the United States continues to attempt to restrict Tehran’s oil […] Oil Price
April 20, 2026 India Allows More Russian Ship Insurance as Oil Imports from Moscow Soar India has recently raised the number of Russian insurers allowed to provide protection and indemnity (P&I) cover for ships docking at Indian ports, as Indian refiners are once again boosting […] Oil Price
April 20, 2026 Gas Prices Dip Below $4 Per Gallon While Oil Prices Reverse Downtrend The national average price of gasoline in the United States has dipped below the $4 mark for the first time in weeks, with data compiled by GasBuddy from more than 12 million […] Oil Price
April 20, 2026 World’s Biggest Physical Oil Trader Warns of Months of Price Volatility Seasonally lower demand ahead of the peak summer driving season and the continued turbulence in the Middle East could extend the violent oil price swings for months ahead, the top […] Oil Price
April 20, 2026 Kuwait Declares Force Majeure as U.S. Seizure of Iranian Ship Escalates Tensions Kuwait has declared force majeure on shipments of crude oil and refined products after disruptions at the Strait of Hormuz prevented some vessels from entering the Persian Gulf. The move […] Oil Price
April 17, 2026 IMF Tells Europe Not to Repeat Its Costly Energy Crisis Mistakes By Irina Slav – Apr 17, 2026, 3:30 AM CDT The European Union should not overdo fuel subsidies aimed at cushioning the oil shortage blow to businesses and consumers, the […] Oil Price
April 17, 2026 First Crude Cargo Clears Hormuz Since U.S. Blockade Began By Tsvetana Paraskova – Apr 17, 2026, 5:30 AM CDT A tanker flying the flag of Pakistan has just become the first vessel to ship crude out of the Strait […] Oil Price
April 17, 2026 Tanker Fleet Heads to Load U.S. Oil as Middle East Supply Crumbles By Tsvetana Paraskova – Apr 17, 2026, 6:30 AM CDT Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the […] Oil Price
April 17, 2026 India Pays in Yuan for Iranian Oil Purchases Under U.S. Waiver By Charles Kennedy – Apr 17, 2026, 7:30 AM CDT Indian refiners that have bought Iranian crude under the one-month U.S. waiver on Iran’s oil on tankers are settling the […] Oil Price
April 17, 2026 Oil Prices Sink 10% as Trump Announces Strait of Hormuz is Fully Open By Michael Kern – Apr 17, 2026, 8:25 AM CDT Iran’s Foreign Minister Abbas Araghchi announced Friday that the Strait of Hormuz is “completely open” to commercial shipping for the […] Oil Price
April 16, 2026 European Buyers Eye Canadian LNG to Diversify Supply European energy companies are eyeing purchases of Canadian liquefied natural gas in search of supply diversification in challenging times, according to a Reuters report citing unnamed sources familiar with […] Oil Price
April 16, 2026 Iran-Linked Tankers Test Limits of U.S. Hormuz Blockade While Iran-linked vessels appear to steer clear of the U.S. blockade outside the Strait of Hormuz, several ships have undertaken lengthy and winding routes in recent hours to move […] Oil Price
April 16, 2026 TotalEnergies Sees Q1 Profit Surge on High Prices, Strong Trading Higher oil and gas prices and volatile energy commodity markets are set to more than offset production losses from the Middle East at French supermajor TotalEnergies, which expects significantly higher […] Oil Price
April 16, 2026 Fire at Domestic Refinery Worsens Australia’s Fuel Supply Crisis Australia’s fuel crisis in the wake of the Iran war just took a turn for the worse after a fire broke out at one of the only two refineries in […] Oil Price
April 16, 2026 Iran Suspends Petrochemical Exports to Avoid Domestic Shortages Iran has suspended all its petrochemical exports to ensure domestic supply amid reduced local availability following Israeli strikes early this month. The Islamic Republic is halting all exports to prevent […] Oil Price
April 15, 2026 Canadian Oil Companies to Hold Back Investment Despite Windfall Profits Canadian oil and gas companies expect to see robust profit growth resulting from the supply squeeze caused by the war in the Middle East, but will not use the windfall […] Oil Price
April 15, 2026 Indonesia Turns to Russia for Oil as Middle East Risks Mount Indonesia and Russia are in talks on boosting cooperation, including through the long-term supply of Russian crude to the Asian nation, media have reported, following a meeting between the presidents […] Oil Price
April 15, 2026 Japan to Deploy $10 Billion to Help Southeast Asia Cope With Oil Shock Japan is readying a $10-billion financial support package for Southeast Asian economies to help them procure crude oil amid the supply shock from the Middle East, Japanese news outlet NHK reports. […] Oil Price
April 15, 2026 World’s Top Oil Companies To Rake In Extra $234 Billion In War Profits An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi Arabia and Russia, will make an extra $234 […] Oil Price
April 15, 2026 China Considers Cuts to Solar Equipment Exports to U.S. China is tentatively considering whether to curb exports of solar manufacturing equipment to the United States in what could become another significant export restriction of a technology in which Chinese […]
April 14, 2026 China Cuts Back on Oil and Gas Imports as Prices Surge China’s natural gas imports dropped sharply in March amid the tanker traffic paralysis in the Middle East. Oil imports also fell on an annual basis, but were up in February. […] Oil Price
April 14, 2026 Stockpiled Iranian Oil Cushions China From U.S. Blockade of Hormuz China’s teapots can rely on the highest volumes of Iranian crude sitting on tankers since January to blunt a potential supply crunch due to the U.S. blockade of the Strait […] Oil Price
April 14, 2026 HSBC Sees A U.S.-Iran Deal As Key To Restoring Oil and Gas Flows A peace deal in the Middle East is key to restoring global energy flows, and the sooner it could be achieved, the less negative economic impact it would have on […] Oil Price
April 14, 2026 Iran Showing Signs of Capitulating Over Strait Of Hormuz Iran may halt its own oil shipments through the Strait of Hormuz for several days. Tehran is weighing a short-term pause to avoid testing the U.S. naval blockade just days […] Oil Price
