August 4, 2026 Saudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices Surge Saudi Aramco saw its adjusted net income jump by 33% for the second quarter from a year earlier as high oil prices and the oil giant’s ability to re-route most […] Oil Price
August 4, 2026 BP Earnings Surge to $5.7 Billion on Oil Price and Refining Boom BP more than doubled its profit for the second quarter from a year earlier on the back of higher oil and gas prices and stronger refining margins driven by the […] Oil Price
August 4, 2026 India Expands Oil Storage Sites After Shock Supply Disruption India’s state-owned Oil and Natural Gas Corporation (ONGC), the top explorer in the country, will build a new storage site at Mangaluru to hold about 13 million barrels of oil […] Oil Price
August 4, 2026 Pakistan Partners with Canadian Firm to Boost Domestic Heavy Crude Output Pakistan’s national Oil and Gas Development Company Limited (OGDC) has signed an agreement with a Canadian firm to deploy advanced technology to boost production from heavy crude oilfields, the largest […] Oil Price
August 4, 2026 Hormuz Tanker Traffic Stalls at Two-Month Low as Attacks Escalate Traffic at the Strait of Hormuz remains at the lowest in more than two months as security concerns have intensified with recent attacks on ships and persistent threats to shipping […] Oil Price
August 3, 2026 Trump’s Iran Reversal Sends European Gas Prices Tumbling European natural gas prices plunged at opening on Monday after U.S. President Donald Trump said he had called off a planned attack on Iranian energy sites and talks on a […] Oil Price
August 3, 2026 Greek LNG Ship Safely Clears Hormuz After Maritime Incident A Greek-owned liquefied natural gas carrier was involved in an “incident” in the Strait of Hormuz at the end of last week while exiting the waterway, the owner company said […] Oil Price
August 3, 2026 Kuwait Oil Production Surges as OPEC+ Completes Output Cut Reversal Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That was up from 1.65 million barrels daily in June, the report noted, […] Oil Price
August 3, 2026 Australian Regulator Wants Tougher Pollution Rules for Darwin LNG Plants Two of Australia’s biggest LNG projects led by Santos and Inpex could face stricter environmental and pollution reporting rules after the Northern Territory Environment Protection Authority (NT EPA) recommended 23 […] Oil Price
August 3, 2026 Indian Oil Subsidiary CPCL Plans 280,000 Bpd Manali Refinery Indian refiner Chennai Petroleum Corporation Limited plans to boost the crude oil refining capacity at its Manali refinery by a third to 280,000 barrels per day (bpd), the refiner said in its […] Oil Price
July 31, 2026 Shell Sells Cyprus Gas Stake to MOL for $720 Million Shell has agreed to sell its wholly-owned subsidiary BG Cyprus Ltd to MOL Group of Hungary for $720 million, as the UK-based oil and gas supermajor targets to grow its […] Oil Price
July 31, 2026 ADNOC Unveils New Crude Pricing Mechanism ADNOC is changing the pricing formula used for its flagship crude grades. The oil giant said Friday it will move away from its ICE Futures Abu Dhabi-based pricing methodology, which […] Oil Price
July 31, 2026 Exxon and Chevron’s $26.5 Billion Quarter Draws Trump’s Ire ExxonMobil and Chevron made a combined $26.5 billion in the second quarter after producing more oil, refining more fuel, and selling all of it into a market scrambled by war. […] Oil Price
July 30, 2026 Japan Buys Rare Canadian Oil Cargo Japan’s biggest refiner, Eneos, has bought a rare cargo of Canadian crude as the country seeks to diversify away from Middle Eastern crude. This is the first Canadian oil shipment […] Oil Price
July 30, 2026 Qatar Sends First LNG Cargo Through Hormuz Since Tanker Attack QatarEnergy has successfully sent an LNG cargo via the Strait of Hormuz, three weeks after one of its LNG carriers was struck in the waterway, Bloomberg has reported, noting that the […] Oil Price
July 30, 2026 Iran Says Two Oil Tankers Ditched Attempt to Transit Hormuz Two oil tankers that had attempted to transit the Strait of Hormuz with U.S. support via the southern lane close to Oman have turned back after one of them caught […] Oil Price
July 30, 2026 Goldman Sachs: Diesel Crunch Is Now the Biggest Threat in Oil Markets The biggest oil supply squeeze is currently in diesel markets amid the lowest global refining activity for this time of year since the 2020 pandemic, Goldman Sachs says. War-induced refinery […] Oil Price
July 30, 2026 Qatar Turns to American LNG After Iran War Cripples Ras Laffan Qatar’s state-owned QatarEnergy has bought on the spot market as many as 33 cargoes from the United States so far this year to ship them to customers in Asia to […] Oil Price
July 30, 2026 Oil Price Shock Fuels 35% Surge in Global EV Sales Following a subdued start to the year, sales of electric vehicles (EVs) jumped in the second quarter after the Middle East crisis slashed crude supply and hiked oil and fuel […] Oil Price
July 29, 2026 Najaf advances oil exploration with new well Shafaq News Najaf, in southern Iraq, is preparing to drill a new exploratory oil well in the Al-Qarnain oil block after completing the installation of a new drilling site, Governor Yousef Kanawi […] Oil Price
July 29, 2026 New Zealand Awards First Offshore Oil License Since Ending Drilling Ban New Zealand’s government has awarded the first offshore oil and gas exploration license after last year lifting a ban on drilling, put in place by the previous government that wanted […] Oil Price
July 29, 2026 U.S.-Saudi Consortium Plans $5 Billion Gulf Refinery Outside Hormuz A consortium of U.S. and Saudi companies is set to build a new refinery in the Persian Gulf despite the current situation in the region. The facility will have a […] Oil Price
July 29, 2026 Houthis Claim Attack on Saudi Oil Tanker in Red Sea Yemen’s Houthis late on Tuesday claimed an attack on a Saudi oil tanker in the Red Sea, saying that the vessel had violated the blockade the Iran-aligned group announced last […] Oil Price
July 29, 2026 Iran Rejects Oman’s Proposal to Evenly Divide Hormuz Control Iran has rejected a proposal from Oman to evenly share control of the lanes in the Strait of Hormuz, as Tehran demands it control most of the critical oil and […] Oil Price
July 29, 2026 Oil Jumps 7% As Trump Threatens Iran Hours Before Fed Decision Oil prices surged more than 7% on Wednesday as renewed U.S.-Iran hostilities and fresh threats to shipping through the Bab el-Mandeb pushed WTI above $84 and Brent toward $90, confronting the Federal […] Oil Price
July 28, 2026 Australia Eyes New Oil Refinery to Reduce Reliance on Imported Fuels Australia’s government has launched a feasibility study for an oil refinery that, if approved, would be the first such facility to be built in the country in six decades. According […] Oil Price
July 28, 2026 Japan Backs Overseas Oil Pipelines to Reduce Hormuz Dependence Japan is planning to join the rush to diversify oil export routes away from the Strait of Hormuz by investing in pipeline projects abroad, notably in the Middle East. Citing […] Oil Price
July 28, 2026 Cyprus Launches First Gas Project with Eni and TotalEnergies Backing Eni and TotalEnergies have taken the final investment decision to develop the Cronos gas field in deep waters offshore Cyprus, in the Mediterranean country’s first hydrocarbon development expected to bring […] Oil Price
July 28, 2026 Iran Races to Fortify Its Most Vital Oil Terminal as U.S. Threats Persist Iran looks to accelerate infrastructure projects at its main oil export terminal at Kharg Island, amid on-and-off threats by U.S. President Donald Trump to either bomb or seize the […] Oil Price
July 28, 2026 Escalating Protests in Libya Threaten Oil and Gas Supply The anti-government protests in Libya over power cuts and high electricity bills over the past few days escalated on Tuesday, with protesters entering the Mellitah Oil and Gas complex and […] Oil Price
