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Oil
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Russian oil exports fell to a one-month low last week, as the key Baltic port of Primorsk suspended operations for maintenance.
Russian oil exports fell to a one-month low last week, as the key Baltic port of Primorsk suspended operations for maintenance.
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Iraq's Oil Minister: Oil exports have risen to over 3.4 million barrels per day since October, via three routes including the Strait of Hormuz.
Iraqi Oil Minister Basim Mohammed Khudair told the Iraqi News Agency that Iraq's oil exports have risen to over 3.4 million barrels per day since early October. He added that these shipments are trans
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The Iran conflict has prompted global buyers to seek alternative oil supplies, driving a surge in investment and production among oil-producing nations in the Americas.
The Iran conflict has prompted global buyers to seek alternative oil supplies, driving a surge in investment and production among oil-producing nations in the Americas.
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Bloomberg reports that Iran's main oil terminal has been continuously empty for weeks, further indicating that the US naval blockade is stifling its exports.
Bloomberg reports that Iran's main oil terminal has been continuously empty for weeks, further indicating that the US naval blockade is stifling its exports.
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Analyst Warns: Saudi "Shock Absorber" Fails, Gulf Energy System Reconstruction May Take 10 Years, Global Diesel Shortfall Reaches 3 Million BPD
Renowned energy analyst Karl Miller's latest assessment indicates that Saudi Arabia's role as a "shock absorber" in the global oil market is coming to an end. The reconstruction cycle for the Gulf ene
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Saudi military states it intercepted multiple missiles flying over the Red Sea, including one targeting the Yanbu oil terminal.
Saudi Arabia's military spokesperson stated that several missiles flying over the Red Sea were intercepted on Friday, with one heading towards the Yanbu oil export terminal. Additionally, Saudi Arabia
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Russian Deputy Prime Minister Novak warned: If the Strait of Hormuz remains blocked, the global oil market will face a deficit of 4 to 6 million barrels per day, and oil prices may rise further.
Russian Deputy Prime Minister Alexander Novak stated that the global oil market is facing a supply deficit of approximately 4 to 6 million barrels per day. He warned that oil prices would remain high
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IEA Report: Global Onshore Oil Inventories Fall to Near Decade Low, Potentially Hindering Inflation Relief and Impacting Bitcoin
Global onshore oil inventories are estimated to have fallen by 113 million barrels in September, nearing their lowest levels since 2016, according to an International Energy Agency (IEA) report on Oct
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U.S. Secretary of State Marco Rubio to visit Indian billionaire Ambani's Reliance refinery in Gujarat from Oct. 17-22 as U.S. diesel prices surge
U.S. Secretary of State Marco Rubio is scheduled to visit the world's largest oil refinery in Jamnagar, India, owned by Mukesh Ambani's Reliance Industries, between October 17 and 22. The visit comes
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Record number of attacks on ships in the Strait of Hormuz, oil exports slow to 12.6 million bpd
According to BBC Verify's analysis of UK maritime agency data, 12 vessels were attacked in the Strait of Hormuz and surrounding areas between October 5 and 11, marking the highest weekly total since t
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Syria: Two Pipelines Damaged. The Baniyas-Homs oil pipeline experienced a leak linked to an attempted fuel theft, and the Jbessa gas pipeline was damaged by an explosion.
Syrian state media reported that two of the country's natural gas and oil product pipelines were damaged in two separate incidents, the latest in a series of suspected sabotage attacks on Syria's ener
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Elon Musk reposts a tweet, commenting that China’s dependency on oil is dropping fast
Elon Musk reposts a tweet, commenting that China’s dependency on oil is dropping fast
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The IEA confirmed it has released 330 million barrels of oil reserves and agreed to accelerate the release of the remaining 100 million barrels to address supply disruptions caused by the Iran war.
The International Energy Agency (IEA) has confirmed the release of approximately 330 million barrels of emergency oil reserves. This is part of an agreement reached in March, when member countries agr
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IEA: Oil Releases Announced in March Will Exceed 400 Million Barrels; Member Countries Ready for Further Action in Global Markets
The IEA stated that oil releases announced in March will exceed 400 million barrels, and IEA member countries are willing to take further action in the global market.
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IEA agrees to complete release of outstanding 100M barrels of oil
IEA agrees to complete release of outstanding 100M barrels of oil
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Iran's Army Navy says a 'violating' oil tanker is on fire in the eastern part of the Strait of Hormuz, according to state media.
Iran's Army Navy says a 'violating' oil tanker is on fire in the eastern part of the Strait of Hormuz, according to state media.
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US tells IEA nations it is unhappy with emergency oil release, suggests supplementing with an extra 100M bbl
US tells IEA nations it is unhappy with emergency oil release, suggests supplementing with an extra 100M bbl
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Angola Seeks to Maintain Oil Production Above 1 Million Barrels Per Day
Angola, Africa's third-largest oil producer, is striving to offset declining output from mature oilfields.
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Spain to release 4.4 million barrels from strategic reserves in October, according to Energy Ministry official
Spain to release 4.4 million barrels from strategic reserves in October, according to Energy Ministry official
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IMF: Saudi Arabia's Fiscal Buffers and Oil Export Contingency Facilities Help Contain Impact of Iran War on Its Economy
Saudi Arabia's fiscal buffers and spare oil export capacity are helping the Middle East's largest economy contain the economic fallout from the war in Iran, the International Monetary Fund (IMF) said.
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Oil Prices Fall: Investors Assess Middle East Tensions and IEA Report, Singapore-Flagged Vessel Sinks in Strait of Hormuz
International benchmark Brent crude futures for December fell 1.66% to $104.31 per barrel, and U.S. West Texas Intermediate crude futures for November dropped 1.09% to $94.05 per barrel. This followed
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Li Ka-shing's business group expands oil interests with deal for Canadian oil producer, seen by analysts as buffer against geopolitical risks
The move by the Hong Kong billionaire's group, which includes a deal for Canadian oil producer MEG Energy, runs counter to the global pivot to clean energy. Analysts view this as a strategy to secure
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Cargo Ship Sinks in Strait of Hormuz After Strike Triggers Fire
A cargo ship sank in the Strait of Hormuz after being struck, which sparked a fire and led to the evacuation of its crew members, according to the Maritime and Port Authority of Singapore. The Strait
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UAE Oil Production Hit Record Highs in September, IEA Reports
The International Energy Agency (IEA) stated that the United Arab Emirates' oil output reached record levels last month, demonstrating its resilience during the Iran war and its freedom from OPEC+ pro
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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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