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Oil
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Saudi Arabia plans to increase the East-West Pipeline's capacity by 43% to 10 million barrels per day within 2-3 years, bypassing the Strait of Hormuz.
Saudi Energy Minister Prince Abdulaziz bin Salman announced at the WPC Energy Congress that Saudi Arabia plans to significantly increase the oil transmission capacity of its East-West Pipeline from th
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Iran escalates Hormuz surveillance and attacks, causing oil flow to crash and prices to rise
Iran's military announced it has deployed new units to expand surveillance of the Strait of Hormuz, while an Iranian official stated that Tehran began using different offensive tactics against vessels
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IEA Monthly Report: OECD Oil Inventories Fall to Lowest Since 1989, Global Oil Demand Expected to Decline by 2.6 Million Barrels/Day in 2026
The International Energy Agency (IEA) stated in its latest monthly Oil Market Report, released on Wednesday, that OECD government-controlled oil inventories fell in August to their lowest level since
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OPEC Monthly Report: Global oil demand growth forecast cut to 180,000 barrels per day for 2026, raised for 2027.
The Organization of the Petroleum Exporting Countries (OPEC) on October 13 released its monthly report, showing that OPEC has lowered its 2026 global oil demand growth forecast for the sixth consecuti
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Middle East Tensions Escalate: 24 Ships Attacked in Strait of Hormuz in Two Weeks, Oil Exports Plummet by 81.3%; Houthis Designate Saudi Aramco Facilities as "Legitimate Targets"
According to the Financial Times, 24 vessels were attacked in the Strait of Hormuz and surrounding waters in the two weeks leading up to October 11, with six of those attacks occurring on October 11 a
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Yemen's Houthi rebels warned employees and residents to evacuate areas near Saudi Aramco oil facilities, calling them "legitimate targets."
Yemen's Houthi rebels warned employees and residents to evacuate areas near Saudi Aramco oil facilities, calling them "legitimate targets."
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OPEC lowers 2026 global oil demand growth forecast to 180,000 bpd
OPEC has lowered its 2026 global oil demand growth forecast from 380,000 barrels per day to 180,000 barrels per day.
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OPEC Raises 2027 Global Oil Demand Growth Forecast to 2.55 Million BPD
OPEC has raised its forecast for global oil demand growth in 2027 from 2.36 million barrels per day (bpd) to 2.55 million bpd.
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SK Earthon has commenced oil production in Vietnam and discovered new oil reserves, with the Golden Camel oil field's reserves estimated at 60 million barrels.
SK Earthon, the energy exploration subsidiary of SK Innovation, announced on Tuesday that it has commenced crude oil production at the Golden Camel oil field offshore Vietnam and discovered new oil re
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Houthi missile attack targets Saudi capital Riyadh for third consecutive day, prompting airport closure and raising economic concerns
Yemen's Houthis claimed responsibility for a missile attack targeting Riyadh's King Khalid International Airport late on Monday, marking the third consecutive day of attacks on the Saudi capital. Saud
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Iran says its oil "middleman" owes the government 10-11 billion euros, judiciary warns of legal action
Iran's judiciary spokesman said in September that a network of oil intermediaries known as "trustees" owed the Iranian government 10 billion to 11 billion euros (about $11 billion to $12 billion), Al
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Cuba's Energy Minister denies involvement in U.S.-intercepted fuel shipment, states private imports are insufficient to meet demand.
Cuba's Minister of Energy and Mines, Vicente de la O Levy, stated on Monday that the Cuban government was not involved in the 90 shipments of biodiesel fuel, valued at $2.8 million, that were intercep
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Empty Supertankers Are Avoiding Persian Gulf Oil Hub as Iran Attacks Escalate
Empty Supertankers Are Avoiding Persian Gulf Oil Hub as Iran Attacks Escalate
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Goldman Sachs Report: Macro Investors Face Three Major Concerns, Oil-Treasury Link Quietly Unraveling
In his latest "Global Reflections" report, Louis Miller, Managing Director of the GSX trading desk at Goldman Sachs, highlighted three core concerns facing macro investors: interest rates rising too q
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Saudi Arabia plans to increase its oil export capacity beyond the Persian Gulf to 10 million barrels per day within two years, and will temporarily use natural gas pipelines for oil transport.
Saudi Energy Minister Abdulaziz bin Salman announced on Monday at the World Petroleum Congress in Riyadh that Saudi Arabia is accelerating its oil pipeline expansion plan, aiming to boost pipeline cap
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Houthi Missile and Drone Strikes on Saudi Arabia Intensify, Threatening Critical Oil Infrastructure and Red Sea Exports
Houthi missile and drone strikes on Saudi Arabia are intensifying, threatening critical oil infrastructure and exports through the Red Sea. Energy analysts warn that Yanbu and Jizan remain particularl
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Yemen's Houthi rebels have again attacked Riyadh Airport in Saudi Arabia, causing multiple casualties, leading oil executives to withdraw from the World Petroleum Congress.
According to Xinhua News Agency, Yemen's Houthi rebels launched four military operations against airports and energy facilities in Saudi Arabia within the past 24 hours. On the 10th, King Khalid Inter
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Al Jazeera analysis: Iran war disrupts global energy supply, pushing US strategic reserves to 40-year low
Al Jazeera's visual explainer highlights that the ongoing Iran war has disrupted global energy flows, particularly impacting the Middle East, which is the largest oil-producing region. Key waterways l
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Tanker Attacks in Strait of Hormuz Surge to Wartime High, Iran Threatens to Block "Illegal Waterway"
According to CNBC, tanker attacks in the Strait of Hormuz have surged to wartime highs as Iran attempts to stifle a rebound in crude oil exports. In the week ending October 4, a total of 11 tankers we
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The U.S. Gulf of Mexico has shut down 71.5% of its oil production and 58.8% of its natural gas production due to severe weather.
The Bureau of Ocean Energy Management reported that 71.5% of the average daily oil production and 58.8% of natural gas production in the U.S. Gulf of Mexico were shut down due to severe weather. Perso
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China's oil imports are expected to increase, with the VLCC fleet reaching its largest size since the Iran-Iraq War.
Bloomberg Markets reported that ship tracking data shows the fleet of Very Large Crude Carriers (VLCCs) en route to China has reached its largest size since the Iran War, signaling an increase in Chin
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Shell Plc plans to use drones to reduce hurricane-related oil production downtime in the Gulf of Mexico
Shell Plc plans to use drones to reduce hurricane-related oil production downtime in the Gulf of Mexico
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Slovakia Says US Understands Need to Import Russian Oil and Gas Until End of 2027
Slovakia Says US Understands Need to Import Russian Oil and Gas Until End of 2027
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Germany to release up to 15 million barrels of emergency oil reserves, implementing G7 energy reserve agreement
Germany to release up to 15 million barrels of emergency oil reserves, implementing G7 energy reserve agreement
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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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U.S. Strategic Petroleum Reserve fell to 282.6 million barrels last week, the lowest level since 1982.
U.S. Strategic Petroleum Reserve fell to 282.6 million barrels last week, the lowest level since 1982.
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Algeria's parliament has approved the deployment of troops to neighboring Niger
Algeria's parliament has approved the deployment of troops to neighboring Niger, marking the country's first foreign military deployment in 50 years and a significant shift in its non-interventionist
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HSBC announced that it has downgraded its overweight rating on gold while upgrading its rating on oil to a clear overweight.
HSBC announced that it has downgraded its overweight rating on gold while upgrading its rating on oil to a clear overweight.
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Singapore and Saudi Aramco have agreed to store Saudi oil in rock caverns, aiming to secure energy supplies for Southeast Asia amid disruption from the Middle East war.
Singapore and Saudi Aramco have agreed to store Saudi oil in rock caverns, aiming to secure energy supplies for Southeast Asia amid disruption from the Middle East war.
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Central Command (CENTCOM), lauded the U.S. role in the export of 1.5 billion barrels of oil through the Strait of Hormuz
Admiral Brad Cooper, Commander of U.S. Central Command (CENTCOM), lauded the U.S. role in the export of 1.5 billion barrels of oil through the Strait of Hormuz. Since the outbreak of the U.S.-Israeli
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