Abu Dhabi Ruwais refinery closes after attack
IEA Mulls Emergency Action To Unleash Oil Reserves
Global energy leaders are gathering to decide whether to release emergency oil reserves as production and export disruptions tied to the Middle East conflict continue to strain global markets. The…
Chevron, Shell Closing in on First Big Oil Production Deals in Venezuela Since US Captured Maduro
(Reuters) – International oil majors Chevron and Shell are closing in on the first big oil production deals with Venezuela since the U.S. capture of President Nicolas Maduro in January,…
US Natgas Output to Hit Record High in 2026, While Demand Declines, EIA Says
(Reuters) – U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration said in its short-term energy outlook on…
Fujairah Bunker Hub Disrupted as Drone Debris Damages Oil Storage
Marine fuel supply at the major Middle East bunkering hub of Fujairah has been disrupted after debris from an intercepted drone sparked a fire at an oil storage facility, forcing…
Brent to Trade Above $95 for Next Two Months on Iran War, EIA Says
By , and HOUSTON, March 10 (Reuters) – Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies,…
Higher Gasoline Prices, Volatile Stocks, Could Hit Both Low- And High-Income US Consumers as War Persists
By Gas prices rise, stocks volatile amid US-Iran conflict Lower-income households may cut spending, affecting businesses Fed faces challenge balancing inflation and growth amid conflict WASHINGTON, March 10 (Reuters) –…
Saudi Aramco Sees 1.1 Million Bpd Oil Demand Growth in 2026
Global oil demand is set to grow by 1.1 million barrels per day (bpd) this year to a new record high, according to the world’s single largest crude exporter, Saudi…
India’s Top Bank Avoids Russian Oil Payments Despite U.S. Sanctions Waiver
State Bank of India, the largest lender in the country, continues to shun processing payments for purchases of Russian oil despite the temporary U.S. waiver for India to buy Russia’s…
Oil Shock Lifts EIA Price Outlook as Hormuz Crisis Reshapes Forecast
The U.S. Energy Information Administration sharply revised its oil price outlook in its latest Short-Term Energy Outlook (STEO) based on the growing impact of the Middle East conflict and the…
