Oil
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SYRIA TELLS US IT IS WILLING TO DRASTICALLY DROP RUSSIAN OIL IMPORTS, SOURCES SAY
SYRIA TELLS US IT IS WILLING TO DRASTICALLY DROP RUSSIAN OIL IMPORTS, SOURCES SAY
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U.S. President Donald Trump called his latest negotiating offer Tehran's "last chance" and predicted the Strait of Hormuz would fully reopen, after oil prices stabilized following their biggest weekly drop.
Oil prices stabilized after their biggest drop in a week, as US President Donald Trump said his latest negotiation offer was Tehran's "last chance" and expected the Strait of Hormuz to fully reopen.
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India launches $8.83bn 'Samudra Manthan' scheme to boost offshore oil and gas exploration
India's Union Cabinet has approved the National Offshore Exploration Scheme, known as Samudra Manthan, allocating Rs840.84bn ($8.83bn) through the financial year 2030–31. The initiative, chaired by Pr
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Suriname's GranMorgu Oil Project (Block 58) Approved, Expected to Generate Up to $26 Billion in Fiscal Income; Petronas Reports 8 Discoveries in Block 52
Suriname's GranMorgu deepwater oil project in offshore Block 58 has received final investment decision (FID) approval from operators TotalEnergies and APA Corporation. The project, targeting an estima
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Turkey Said to Extend Iraq Oil Pipeline Deal by One Year, Ensuring Supply Bypassing Strait of Hormuz
Turkey is said to have reached an agreement with Iraq to extend an expired oil pipeline deal by one year. This extension ensures the continued supply of oil through an exports route that bypasses the
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U.S. Oil Majors' Venezuela Comeback Stalls Amid Investment Hurdles
Seven months after Nicolás Maduro's removal, major U.S. oil companies, including ExxonMobil and Chevron, have yet to secure significant investment deals in Venezuela. Negotiations have stalled over ac
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Despite the U.S. embargo, Iranian oil continues to be sold in waters near Malaysia
Al Jazeera reported that despite the U.S. naval blockade against Iran, Iranian oil sales continue in the Eastern Outer Port Limit (EOPL) off the coast of eastern Malaysia. Satellite data shows that ov
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Guyana's oil production has reached nearly one million barrels per day and is expected to increase to 1.9 million barrels per day by 2030.
Guyana, a South American nation, has rapidly emerged as a major oil exporter, with daily production currently approaching 1 million barrels (888,000 barrels as of the end of May 2026), making it South
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UK's FTSE 100 Index Hits All-Time High
The UK's FTSE 100 index reached an all-time high today, driven by strong performance from its banking and oil company constituents. This rally occurred as the index, often seen as "anti-tech," benefit
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Yemen's Houthis claim missile attack on Saudi oil tanker NCC GHAZAL in Red Sea
Yemen's Houthi group claims it fired ballistic missiles at the Saudi oil tanker NCC GHAZAL in the Red Sea. This alleged attack follows the Houthis' imposition of a naval blockade on Saudi vessels in t
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Saudi Arabia adopts new, pricier route to export oil via Mediterranean port
Saudi Arabia has adopted a new, more expensive method to export its oil, with increased loadings observed at a Mediterranean port. This involves a lengthier and costlier route to reach buyers.
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Oil Startup Backed by Ex-Goldman Commodity Chief Jeff Currie to IPO in London, Seeking $67 Million
An oil startup backed by Jeff Currie, former Goldman Sachs Group Inc. commodities chief, is preparing to raise £50 million ($67 million) through a London stock market listing. The funds are intended t
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Renowned Economist Peter Schiff: Correlation Between Gold and Oil Has Reversed; Buying Opportunities Now Exist for Gold Prices and Mining Stocks
Renowned economist Peter Schiff pointed out that the correlation between gold and oil prices is reversing, signaling a buying opportunity for gold and mining stocks as well as a bottoming-out signal.
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The EU Agrees to Freeze the Price Cap on Russian Oil for 12 Months
Svmuu News: EU diplomats said that EU representatives agreed to freeze the oil price cap for 12 months as part of the 21st round of sanctions against Russia.
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Iran says U.S. attacks will result in the region not exporting “a single drop of oil”
Svmuu News: The Islamic Revolutionary Guard Corps of Iran issued a statement on the 15th saying that as long as the United States continues to launch attacks against Iran, the region will not export “
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After losing $46.46 million on a short position in HYPE via loracle.hl, the trader opened a new long position in SKHX and a short position in oil
Svmuu News: According to Lookonchain’s monitoring, loracle.hl (@loraclexyz, 0x8de...dae), which previously lost $46.46 million on a short position in HYPE, opened a new long position in SKHX and a sho
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Eni CEO: If the conflict in the Middle East persists, the oil market could break out of its current range in early 2027
Svmuu News: Claudio Descalzi, CEO of Italy’s state-controlled Eni Group, said that if the conflict in the Middle East continues, the global oil market will break out of its current range of approximat
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Iranian Media: Iran Is Prepared to Sell Oil to All Countries Except Israel
Svmuu News: According to Iran's official news agency Shana, Iran is prepared to sell oil to all countries except Israel. (Jin Shi)
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The U.S. Department of the Treasury has issued a 60-day temporary general license authorizing the production and sale of Iranian oil.
Svmuu News: U.S. Treasury Secretary Bessent: Following productive talks in Switzerland, the U.S. Treasury Department has issued a 60-day temporary general license authorizing the production and sale o
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Iranian Foreign Ministry: Iran and the U.S. Reach Agreement
Svmuu News: According to Iranian media reports on the 22nd, Iranian Foreign Ministry Spokesperson Baghaei said that Iran and the United States reached an agreement after 18 hours of negotiations, and
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Donald Trump Claims that the U.S. May Collect 20% of Oil Revenues from the Middle East
Svmuu News: U.S. President Donald Trump said in an interview with Fox News on the 21st that if the United States and Iran fail to reach an agreement, the United States will become the “guardian” of th
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U.S. Media: Donald Trump Warned Iran Last Night Not to Close the Strait of Hormuz
Svmuu News: U.S. President Donald Trump spoke with Iranian officials last night and warned them not to close the Strait of Hormuz. Donald Trump said he told Iranian officials: “If you close it, you wi
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Sources: The Strait of Hormuz Will Not Reopen Until a Ceasefire in Lebanon Is Implemented and Oil Exemptions Are Approved
Svmuu News: According to Iran’s Tasnim News Agency, sources close to the negotiating team stated that the Strait of Hormuz will not be reopened as long as the Lebanese ceasefire agreement is not uphel
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Vance: 12.5 million barrels of oil passed through the Strait of Hormuz last night
Svmuu News: U.S. Vice President Vance: Last night, 12.5 million barrels of oil passed through the Strait of Hormuz. Nearly ten ships have already passed through the U.S. blockade. So far, Iran has bee
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Iranian Foreign Minister Araghchi stated that U.S. engagement is a "positive step," and the implementation period for the Strait of Hormuz opening plan has been shortened to 2 days.
Iranian Foreign Minister Araghchi told Al Jazeera that the US attempt to open dialogue was a "positive step," but there were no plans to meet with US officials at present. He noted that the implementa
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Russia's Novak says attacks on oil refineries will have negative impact on diesel fuel supplies to global market
Russia's Novak says attacks on oil refineries will have negative impact on diesel fuel supplies to global market
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Strait of Hormuz tensions persist: Iran claims multiple oil tankers struck by mines, destroys enemy unmanned vessel; Oman Navy rescues crew.
Al Jazeera's latest report indicates that Iranian authorities have reported multiple incidents recently in and around the Strait of Hormuz. The Islamic Revolutionary Guard Corps Navy stated that it pr
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Iran suspected of tactical shift, attacking oil tanker with limpet mines in Strait of Hormuz on Thursday, first time since 2019.
Iran suspected of tactical shift, attacking oil tanker with limpet mines in Strait of Hormuz on Thursday, first time since 2019.
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Financial Times: ExxonMobil and Chevron Post Huge Profits, Warn on Diesel Supply, Attributing It to Trump's War in Iran Driving Up Refining Margins
The Financial Times reported that U.S. oil giants ExxonMobil and Chevron announced massive profits and issued warnings about diesel supplies. The report noted that U.S. oil companies are profiting fro
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Chinese state-owned oil giants improve profits, gaining more "firepower" to boost energy security
Chinese state-owned oil giants improve profits, gaining more "firepower" to boost energy security
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Houthi rebels claim responsibility for attacks on six Saudi airports and oil facilities, including the Ras Tanura and Abqaiq refineries.
The Houthi movement claimed responsibility for attacks on six airports and oil facilities in Saudi Arabia, including the Ras Tanura and Abqaiq refineries. This attack occurred earlier this week after
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Iran's IRGC says four tankers struck naval mines in Strait of Hormuz after using "unauthorised" routes
Iran's IRGC says four tankers struck naval mines in Strait of Hormuz after using "unauthorised" routes
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EU Energy Commissioner warns: No oil and gas shortages expected, but rising prices will make it difficult for citizens to pay bills this winter.
EU Energy Commissioner Dan Jorgensen warned that while oil and gas supply shortages are not expected, rising prices will make it difficult for many EU citizens to pay their bills this winter. Followin
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ExxonMobil and Chevron have withdrawn from next month's Abu Dhabi oil conference due to escalating security concerns in the Middle East.
ExxonMobil and Chevron have withdrawn from next month's Abu Dhabi oil conference due to escalating security concerns in the Middle East.
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IRGC says 3 tankers caught fire in Strait of Hormuz after hitting mines, warns shipping operators
Three tankers have caught fire while passing through the Strait of Hormuz after hitting mines over the past 24 hours, according to the Islamic Revolutionary Guard Corps (IRGC) Navy. The IRGC navy says
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SK Innovation's Q3 operating profit surges 532.5% to $2.3 billion on strong oil, lubricants margins
SK Innovation's Q3 operating profit surges 532.5% to $2.3 billion on strong oil, lubricants margins
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President Trump announces the arrival of the first one million barrels of oil in Texas, secured through a historic deal with Venezuela, stating it gives the US control over a massive part of the world's oil supply.
President Trump announced yesterday in Corpus Christi, Texas, the arrival of the first one million barrels of oil secured by his administration as part of a historic deal with Venezuela. This oil, arr
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Donald Trump will announce a relaxation of regulations on methane leaks from oil companies, according to The Washington Post.
Donald Trump will announce a relaxation of regulations on methane leaks from oil companies, according to The Washington Post.
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According to the Financial Times, Washington is discussing deals between US oil majors and Russia in Ukraine peace talks.
According to the Financial Times, Washington is discussing deals between US oil majors and Russia in Ukraine peace talks.
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Saudi Aramco is offering spot crude oil to European buyers for this month and next to compensate for supply losses caused by the shutdown of a key export pipeline.
Saudi Aramco is offering spot crude oil to European buyers for this month and next to compensate for supply losses caused by the shutdown of a key export pipeline.
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Trump: We're going to accept 1 million barrels of oil
Trump: We're going to accept 1 million barrels of oil
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Donald Trump stated that he believes he will visit an oil tanker carrying Venezuelan oil in Texas, and that he thinks Rubio will accompany him.
Donald Trump stated that he believes he will visit an oil tanker carrying Venezuelan oil in Texas, and that he thinks Rubio will accompany him.
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Russian oil exports reached a one-month high, primarily due to a strong rebound in shipments from the Baltic port of Primorsk last week, though this was not enough to boost overall four-week flows.
Russian oil exports reached a one-month high, primarily due to a strong rebound in shipments from the Baltic port of Primorsk last week, though this was not enough to boost overall four-week flows.
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Iran’s Persian Gulf Strait Authority said it would take “legal action” against tankers belonging to Sinokor, the world’s biggest oil tanker owner that has carried millions of barrels out of the Strait of Hormuz in recent weeks.
Iran’s Persian Gulf Strait Authority said it would take “legal action” against tankers belonging to Sinokor, the world’s biggest oil tanker owner that has carried millions of barrels out of the Strait
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OPEC+ is expected to maintain its oil output targets at Sunday's meeting, sources said.
OPEC+ is expected to maintain its oil output targets at Sunday's meeting, sources said.
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Saudi Arabia has brought a fire under control following an attack near the Ras Tanura oil hub.
Saudi Arabia has brought a fire under control following an attack near the Ras Tanura oil hub.
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Venezuelan opposition leader Maria Machado has returned to the country after 10 months in exile
Venezuelan opposition leader Maria Machado has returned to the country after 10 months in exile, having previously been blocked from returning multiple times by both the Venezuelan government and the
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Oil fell for a second day as intensified diplomatic efforts eased concerns about a potential escalation of the U.S.-Iran conflict.
Oil fell for a second day as intensified diplomatic efforts eased concerns about a potential escalation of the U.S.-Iran conflict.
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SpaceXAI, the AI division of SpaceX, failed to dismiss an air pollution lawsuit filed by the NAACP, with the judge ruling that the case will proceed.
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