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Trump Administration Pledges SPR Refill With Bonus Oil Barrels | OilPrice.com
The Trump administration will put back into the Strategic Petroleum Reserve whatever oil it takes out—and then some—during the…
Pakistan Uses Diplomacy to Secure LNG Supply from Hormuz | OilPrice.com
Pakistan has secured passage for two Qatari LNG tankers through the Strait of Hormuz -- the first such shipments since Iran…
BP Weighs Egyptian Gas Asset Sale in Restructuring Drive | OilPrice.com
BP is weighing a sale of some of its Egyptian natural gas assets as new CEO Meg O’Neill restructures the UK supermajor around…
India's Trade Deficit Jumps as Energy Import Prices Soar | OilPrice.com
India's trade deficit surged to $28.38 billion in April, well above the $26B forecast, as soaring energy import costs from the…
India Signs LPG and Strategic Oil Reserves Deal with UAE | OilPrice.com
India signed an LPG supply deal and strategic reserves MoU with the UAE on Friday as the Strait of Hormuz closure drives an…
ADNOC to Double Hormuz-Bypass Export Capacity With New Pipeline in 2027 |…
ADNOC’s new West-East Pipeline, set for 2027, will double UAE oil export capacity through Fujairah as the Strait of Hormuz…
Australia Rules Out LNG Export Curbs as East Coast Gas Supply Fears Ease |…
Australia will not impose LNG export controls for the third quarter of 2026 after industry assurances eased fears of east coast…
Commonwealth LNG Approves $13 Billion Louisiana Export Project | OilPrice.com
Commonwealth LNG has approved construction of a $13-billion export terminal in Louisiana as tightening global gas markets and…
Canada’s LNG Ambitions Grow as British Columbia Warms to Gas Exports |…
British Columbia is pushing for LNG Canada’s Phase 2 expansion as the Kitimat terminal ramps up exports, despite renewed…
India Raises Fuel Prices for the First Time in Four Years | OilPrice.com
India has raised gasoline and diesel prices for the first time in four years as Middle East supply disruptions, soaring crude…
Brent Heads for 6% Weekly Gain as Trump Loses Patience With Iran | OilPrice.com
Brent crude rose as traders focused on limited Strait of Hormuz flows, stalled U.S.-Iran diplomacy, and Trump’s warning that…
Mexico's President Announces the Resignation of Pemex CEO Victor Rodríguez |…
Mexico’s President Claudia Sheinbaum replaced Pemex CEO Víctor Rodríguez with CFO Juan Carlos Carpio as the state oil giant faces…
BLM Expands Oil Leasing Drive with July Auction Plans | OilPrice.com
The Bureau of Land Management is teeing up another round of federal oil and gas leasing, with 66 parcels across Montana and North…
Ottawa and Alberta Push New 1 Million Bpd Oil Pipeline | OilPrice.com
Prime Minister Mark Carney said Thursday that Ottawa and Alberta will meet Friday to advance plans for a major new pipeline…
China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge |…
China's gasoline demand is on track for its steepest drop since Covid lockdowns as the Iran war pushes pump prices 30% higher and…
China Still Cautious on Fuel Shipments Despite Eased Export Rules | OilPrice.com
Chinese fuel exports averaged 417,000 bpd in May, nearly half pre-war volumes, leaving Asia's supply crunch unresolved despite…
India's Wholesale Inflation Hits 3.5-Year High as Fuel Costs Surge 25% |…
India's wholesale inflation surged to 8.3% in April — the highest since October 2022 — as fuel and power costs jumped nearly 25%…
Two India-Bound LPG Tankers Clear Hormuz in Dark Mode | OilPrice.com
India-bound LPG tankers turn off transponders to clear the Strait of Hormuz as shipping increasingly uses evasion tactics amid…
India Pushes U.S. to Extend Russian Oil Waiver as Imports Hit Record High |…
India is urging the United States to extend a sanctions waiver allowing purchases of Russian oil already loaded onto tankers as…
Malaysia Warns of Surge in Iranian Ship-to-Ship Oil Transfers | OilPrice.com
Iran’s shadow fleet is increasingly using covert ship-to-ship transfers near Malaysian waters to sustain oil exports to China…
Cuba Runs Out of Diesel and Fuel Oil as Blackouts Worsen | OilPrice.com
Cuba’s energy crisis has reached a critical stage after officials said the country has exhausted diesel and fuel oil supplies,…
Japan-Bound Oil Tanker Clears Strait of Hormuz Amid Iranian Crackdown |…
A Japan-bound tanker carrying Kuwaiti and Emirati crude successfully passed through the Strait of Hormuz with its transponder…
Chevron Sells Singapore Refinery Stake to Eneos | OilPrice.com
Chevron is selling its Singapore refinery stake to Eneos as it cuts costs and narrows its global footprint.
Saudi Aramco Looks to Raise $10 Billion from Real Estate Asset Deal |…
Saudi Aramco seeks to raise at least $10 billion from a potential sale and leaseback of its real estate assets, including Dhahran…
Russia's Oil Revenues Surge $6.3 Billion as High Prices Offset Production…
Russia's oil export revenues hit $19.18B in April, up $6.3B year-over-year despite production losses and ongoing Ukrainian…
India's PM Orders 50% Slash in Motorcade Size to Save Fuel | OilPrice.com
India's PM Narendra Modi cuts his official motorcade by 50% and urges citizens to pause gold buying as the nation grapples with…
IEA Revises 2026 Forecast: Oil Deficit Widens as Iran War Cuts Production |…
Global oil demand will exceed supply by 1.78M bpd in 2026 as Middle East conflict closes the Strait of Hormuz.
BP Buys 40% Stake in Uzbek Oil and Gas Blocks | OilPrice.com
BP buys 40% stake in six Uzbekistan oil and gas exploration blocks in the North Ustyurt region, continuing its strategic pivot…
Rising Jet Fuel and Ticket Prices Could Disrupt Summer Air Travel | OilPrice.com
Jet fuel prices surge to $200 a barrel amid Middle East crisis, forcing airlines to raise ticket prices and cancel routes for…
Japan's Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In |…
Japan's refinery utilization rates climb to 73% as strategic oil reserve releases and alternative crude supplies ease a…
Citi Sees India's Power Demand Rising 5%-6% Annually Amid Energy Buildout |…
India’s power sector is entering a historic investment cycle driven by surging electricity demand from cooling, electrification,…
Europe’s Gas Industry Seeks Relief From Storage Mandates | OilPrice.com
European gas groups are pressing Brussels to loosen storage refill targets as tighter LNG supplies drive up costs and threaten…
Europe’s Dependence on U.S. LNG Is Set to Surge | OilPrice.com
Europe is becoming increasingly dependent on U.S. LNG as it moves away from Russian energy.
Chinese Oil Tanker Tests Safe Passage Through Strait of Hormuz | OilPrice.com
A Chinese-owned supertanker is attempting to transit the Strait of Hormuz as Beijing seeks to preserve Persian Gulf oil flows…
EIA Gives Oil Traders a New Way to Panic About Hormuz | OilPrice.com
Starting Wednesday, the EIA will publish a new quarterly report that tracks global strategic petroleum reserves and energy flows…
Eni Looks to Cash In on LNG Boom With FLNG Fund Deal | OilPrice.com
Reuters reported Tuesday that the Italian energy major has hired Morgan Stanley to explore a potential deal involving its…
Asia’s Major LNG Importers Japan and Korea Turn to Coal | OilPrice.com
Spiking LNG prices and reduced supply from the Middle East have prompted Japan and South Korea to raise coal power generation and…
Qatar Asks Vessels at Key LNG Port To Go Dark for Safety | OilPrice.com
Qatar is requesting that LNG vessels near Ras Laffan switch off their transponders to avoid regional security threats following…
Brazil's Oil Exports to China Double as Iran War Upends Crude Flows |…
Brazil's crude exports to China surge 94.6% in value as the Iran war and closed Strait of Hormuz force Asia to seek alternatives…
Modi's Fuel Price Freeze Is Costing State Retailers Billions | OilPrice.com
India’s oil minister warned state fuel retailers are losing up to ?1,000 crore a day selling below market prices and the…
Europe’s Chemicals Sector Gets a Brief Reprieve | OilPrice.com
Europe’s struggling chemicals industry saw a temporary boost as Middle East supply disruptions forced Asian petrochemical…
ADNOC Gas Targets 80% Habshan Recovery by End-2026 | OilPrice.com
ADNOC Gas expects to restore Habshan’s processing capacity to 80% by the end of 2026 after Iran war-related damage.
Shell Moves to Exit French Fuel Retail Market in Strategic Pivot | OilPrice.com
Shell is preparing to sell its network of around 60 French service stations as CEO Wael Sawan continues reshaping the supermajor…
