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Middle East War updates: New attack launched on Saudi airport
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, ...
Oil chiefs pull out of Riyadh energy congress after airport missile strike
BP and others skip World Petroleum Council meeting after 12 killed in attack blamed on Houthis...
Chevron to Double Venezuela Rig Count in $7 Billion Oil Push
Chevron plans to double the number of drilling rigs it operates in Venezuela under a five-year expansion that targets roughly 600,000 barrels per day of production. CFO Eimear Bonner said Tuesday that ...
U.S.-Saudi Nuclear Deal Clears Vienna Hurdle As Congress Review Continues
A planned nuclear cooperation deal between the United States and Saudi Arabia won't include the toughest inspection regime the U.N.'s atomic watchdog has to offer, but it's going to come close on the ...
Canada’s Oil Pivot to Asia Is Starting to Materialize
Canada’s Trans Mountain pipeline hit full capacity for the first time in June, and the company running it already has another 300,000 barrels per day of capacity planned. Most of those new barrels are ...
Uganda Set to Become World's Newest Oil Exporter in Early 2027
The global list of crude oil exporters will expand with Uganda early next year as the African country is moving closer to first oil from a project whose crude will flow through a new pipeline to Tanza ...
Oil Prices Are Once Again on the Brink of $100
Oil prices surge toward $100 as Houthi attacks, U.S. strikes on Iranian tankers and renewed Middle East tensions rattle markets. Europe’s Gas Prices Surge as Storage Fears Return - European natural ...
Dutch TTF Gas Jumps 2% as Winter Storage Race Heats Up
Europe’s benchmark natural gas prices jumped on Tuesday morning in Amsterdam as the Middle East crisis remains a major supply shock amid the European race against time to stock up for the winter. The ...
Oil Tankers Flood Back Into Suez Canal As Red Sea Risk Grows
Suez Canal's revenue jumped by 42% in July from the same month last year as the number of oil tankers passing through the Egyptian gateway to the Mediterranean surged amid threats to shipping in the s ...
Gulf Producers Find Workarounds As Hormuz Tensions Persist
Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according ...
Vitol CEO: Global Fuel Markets Are "Tight and Inflexible"
Global fuel markets are very tight and inflexible, despite the higher flows out of the Persian Gulf in recent weeks, Russell Hardy, chief executive of the world's biggest independent oil trader, Vitol ...
China’s Crude Buying Rebounds as Fuel Exports Jump 29%
China’s crude oil imports rose for the second consecutive month in August as refiners turned to additional non-Middle Eastern supply and boosted overseas fuel shipments amid eased export restrictions. ...
Oil Prices Near $100 After Fresh Attacks on Saudi Energy Sites
Saudi Arabia has temporarily halted some operations at energy facilities in its southern region bordering Yemen, following attacks on energy sites on Tuesday morning local time, the official Saudi Pre ...
Global Diesel Supply Crunch Is Set to Last Through Winter
Global diesel fuel supply will remain tight into next year for lack of enough refining capacity to pick up the slack from Middle Eastern and Russian facilities, Reuters has reported, citing refining a ...