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
April 29, 2026 U.S. Doubles Down on Hormuz Blockade to Choke Iran’s Oil Exports The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yielding results and […] Oil Price
April 29, 2026 OPEC Will Survive UAE Exit, But Medium-Term Supply Threat Is Real The OPEC and OPEC+ groups are not expected to falter following the abrupt, but not necessarily surprising, exit of one of the biggest producers, the United Arab Emirates (UAE), according […] Oil Price
April 29, 2026 Barclays Sees UAE Oil Supply Growth Accelerating Post-OPEC After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays. […] Oil Price
April 28, 2026 First LNG Tanker Breaks Hormuz Blockade The first LNG vessel to cross the Strait of Hormuz since the end of February has exited the chokepoint and is currently nearing India’s shores, Bloomberg reported, citing tanker-tracking data. The […] Oil Price
April 28, 2026 BP Profit More Than Doubles as War-Driven Oil Trading Surges BP (NYSE: BP) more than doubled its profit for the first quarter from a year earlier as oil prices jumped and oil trading boomed amid the war in the Middle […] Oil Price
April 28, 2026 Iranian Tankers Pile Up Outside Hormuz as U.S. Blockade Tightens At least six Iranian tankers laden with oil are loitering in a cluster near the port of Chabahar in Iran, outside the Strait of Hormuz but just inside the U.S. […] Oil Price
April 28, 2026 UAE Quits OPEC and OPEC+ as Hormuz Crisis Drags On The United Arab Emirates is leaving OPEC and OPEC+, effective May 1, the country’s state news agency WAM confirmed Tuesday, ending nearly six decades of membership and stripping the cartel of its […] Oil Price
April 28, 2026 Oil Prices Dip as Trump Claims Iran is in “State of Collapse” President Donald Trump posted on Truth Social Tuesday that Iran had “informed” his administration it was in a “state of collapse” and urgently wanted the Strait of Hormuz reopened. “Iran has just […] Oil Price
April 27, 2026 Goldman Sachs Raises Oil Price Forecast Yet Again Goldman Sachs once again raised its outlook for oil prices, now seeing Brent crude at an average of $90 per barrel in the fourth quarter of the year, and West […] Oil Price
April 27, 2026 China’s Cleantech Machine Hits Top Gear as Oil Markets Crumble Chinese exports of clean technology, including solar panels, electric vehicles, and batteries, surged to a record-high in March as the war in the Middle East resulted in a major oil […] Oil Price
