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Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass ...
Fed’s Waller: Trump is a threat to Fed independence
Federal Reserve (Fed) Governor Christopher Waller said in the Bloomberg New Economy Forum 2026 discu...
IMF Warns Middle East War Could Derail Global Economic Growth
The energy crisis sparked by the war in the Middle East remains the biggest risk for the global econ...
Trump's Iran Reversal Sends European Gas Prices Tumbling
European natural gas prices plunged at opening on Monday after U.S. President Donald Trump said he had called off a planned attack on Iranian energy sites and talks on a deal would begin this week. Eu ...
Seven Months After Maduro's Fall, Big Oil Still Won't Commit To Venezuela
Venezuela's long-awaited oil revival has been slower than many in Washington anticipated, according to the Wall Street Journal. Seven months after Nicolás Maduro's removal, negotiations between the in ...
Dark Tanker Transits Surge at Bab el-Mandeb as Houthi Threat Persists
The Houthi threat to shipments of Saudi crude oil from the Red Sea hasn’t abated and more tankers laden with Saudi oil appeared to have made the transit through the Bab el-Mandeb chokepoint in dark mo ...
How the Iran War Will Determine Britain's Economic Growth
The Iran war could “halt growth” in the UK economy as the success of Andy Burnham and John Healey’s economic management largely hinges on President Trump’s decision-making, a City firm has warned. Bi ...
Indian Oil Subsidiary CPCL Plans 280,000 Bpd Manali Refinery
Indian refiner Chennai Petroleum Corporation Limited plans to boost the crude oil refining capacity at its Manali refinery by a third to 280,000 barrels per day (bpd), the refiner said in its 2025/202 ...
Australian Regulator Wants Tougher Pollution Rules for Darwin LNG Plants
Two of Australia's biggest LNG projects led by Santos and Inpex could face stricter environmental and pollution reporting rules after the Northern Territory Environment Protection Authority (NT EPA) r ...
India’s Imports of Russian Crude Hit New High in July
India keeps buying a lot of Russian oil, with July imports hitting a new all-time high and accounting for more than half of total Indian crude oil imports. India’s crude oil imports from Russia rose t ...
BP Completes Sale of German Refinery as Portfolio Overhaul Accelerates
BP has completed the sale of its refinery in Gelsenkirchen, Germany, to Klesch Group, as the UK supermajor continues to streamline its business and high-grade its portfolio under CEO Meg O’Neill. The ...
Kuwait Oil Production Surges as OPEC+ Completes Output Cut Reversal
Kuwait produced 1.971 million barrels of crude oil daily in July, Reuters has reported, citing unnamed sources. That was up from 1.65 million barrels daily in June, the report noted, which in turn was ...
India Moves to Rescue Renewable Energy Projects Stalled by Grid Shortages
The Indian government will consider waiving transmission charges for solar and wind energy developers facing delays in the commissioning of their projects due to transmission line shortages. According ...
Greek LNG Ship Safely Clears Hormuz After Maritime Incident
A Greek-owned liquefied natural gas carrier was involved in an “incident” in the Strait of Hormuz at the end of last week while exiting the waterway, the owner company said in a statement, as quoted b ...
Oil Prices Plunge 5% as Trump Halts Iran Strike Plans
Oil prices fell sharply in early Asian trade on Monday after President Trump called off another round of military strikes on Iran, raising hopes that a diplomatic route to reopening the Strait of Horm ...