Trending News: China’s Sinopec to Slash Refinery Rates amid Crude Supply ShockAlaska LNG Needs More Offtake Commitments Before Final Investment Decision, CEO SaysEmergency Stockpile Oil Coming Soon to Iran-Wracked Markets, IEA SaysIRAN’S “CROWN JEWEL” – Kharg Island, Struck by US, is Key Hub for Iran Oil ExportsUS Authorizes 13% Increase in Exports at Venture Global’s Plaquemines LNG TerminalTrump Threatens More Strikes on Iran’s Kharg Island, Pushes Allies on Strait of HormuzSabah Unveils New Renewable Energy Framework To Boost Clean Power Investment In MalaysiaActis Sells Peru Power Generation Platform Orygen to Grupo RomeroGE Vernova And Hitachi Explore Small Modular Reactor Deployment Across Southeast AsiaSouth Africa Marks 300 Days Without Loadshedding As Eskom Stabilizes Power SupplyEskom And City Of Ekurhuleni Reach R3.4 Billion Debt Settlement To Secure Power SupplyCrude Futures Turn Positive on Continued Hormuz ClosureHormuz Crisis Forces Massive Saudi Oil Shut-InU.S. clarifies 172 MMbbl SPR release will be oil exchangeTrump orders restart of California’s Santa Ynez offshore oil unitU.S. strike near Iran’s Kharg Island heightens risk of oil supply disruptionCalifornia Hit By Much Higher Oil Prices as Iran War Stresses RefinersCHARTED: The Energy Mix of the World’s 10 Largest Economies – Visual CapitalistRANKED: The Top Buyers of U.S. Oil in 2025 – Visual CapitalistUS Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes19 Million Barrels of Russian Crude Cleared for Sale in AsiaBanks Hike Oil Price Forecasts, and Some See $150 CrudeMiddle East Conflict Halts 15% of TotalEnergies Oil and Gas ProductionKazakhstan’s Tengiz Oilfield Supply Uninterrupted Despite New IncidentAvanti calls for US helium critical mineral status amid Gulf crisisBP Says Whiting Refinery Union Workers Reject its Latest Employment ContractGlobal EV Sales Slip Again as China’s Market StallsGulf Oil Producers Have Already Lost $15 Billion Since the Start of the WarGoldman Sachs Hikes Brent Oil Forecast to Over $100 for MarchICRC mobilises oxygen cylinders to meet rising demand in LebanonActis Completes Sale Of Orygen, Peru’s Second-Largest And Most Diversified Power Producer, To Grupo Romero’s InfraCorp PlatformEuropean Investment Bank approves Up To USD 95 million To Finance ATOME PLC’s Villeta Green Hydrogen Fertiliser Plant In ParaguayTop Stories Of The Day: Draft Consumer Rights Rules Boost Solar & Storage; CERC Clears ₹11.88 Cr Solar Compensation and More…SunPower Inc. completes Integration Of Sunder Energy, Marking A Major Step In Its Long-Term Operational Growth StrategySouth Africa poised to boost helium supply as market tightensSouth Africa poised to boost helium supply as market tightensBahrain Launches International Tender For 100 MW Bilaj Al Jazayer Solar Power ProjectSvante advances BECCS project at US paper millOil on Track for Weekly Gains Despite US Sanctions Waiver on Russian OilOil Prices Dip as U.S. Opens Brief Window for Stranded Russian CrudeOil Prices Head for Weekly Gain Despite U.S. Waiver on Stranded Russian CrudeSaudi Arabia Offers 2 Million Barrels for Sale From the Red SeaAnalyst Warns of ‘Big, Big Risk’ for Oil Over WeekendSIAD to build €18m compressor production facility in ItalyDOE Unveils $1.9 Billion Electric Grid Upgrade PushIran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are TargetedUAE Cuts Crude Shipments to PartnersTrump Weighs Rare Jones Act Waiver as War Drives Fuel Prices HigherOil Settles Up 9% as Iran Vows to Keep Strait of Hormuz ClosedRegulatory justification for Rolls‑Royce SMRUS aims for 5 GW more from existing nuclearUK implementing nuclear regulatory review recommendationsIAEA and Russia discuss Zaporizhzhia nuclear plant situationInfrastructure work under way for Namaru uranium depositFirst San’ao unit connected to the gridOil Unlikely to Hit $200 a Barrel, US Energy Chief SaysHow Have US Presidents Tapped Strategic Petroleum Reserves During War?Iran War is One ‘TACO’ Too Far: McGeeverUS Natgas Prices at Waha Hub in Texas Remain Negative for Record 25th DayUS Navy Could Escort Vessels in Strait of Hormuz With International Coalition, Bessent SaysExchanges Oppose Potential US Treasury Intervention in Oil Futures MarketUS Department of Energy to Invest $1.9 Billion for Power Grid UpgradesTrump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering LawmakersIraq to Hold Oil Output Near 1.4 Million Bpd as War Strangles ExportsUkraine Hits Major Oil Export Pipeline Hub in South RussiaFujairah Oil Terminals Resume Operations After Drone AttackEast-West Pipeline Key to Saudi Arabia’s New Oil Export StrategyIEA Warns of Largest Oil Supply Disruption in HistoryRWE to Invest $19 Billion in U.S. Gas Power as Demand JumpsTotalEnergies Freezes Fuel Prices in France Amid ‘Exceptional Volatility’Everllence to supply compressors for Thailand’s first CCS projectEverllence to supply compressors for Thailand’s first CCS projectLNG and helium hit by Middle East uncertainty, says BloombergNEFSyzygy inks deal to develop biogas-to-SAF projects in BrazilSyzygy inks deal to develop biogas-to-SAF projects in BrazilTrump and Iran Signal No Quick End to War as Oil Tankers Burn in Iraqi WatersUS to Release 172 Million Barrels of Oil From Strategic Petroleum ReserveGoldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz DisruptionTrump Taps Strategic Petroleum Reserve in Response to Iran Shipping AttacksChina Halts Fuel Exports as Hormuz Crisis Tightens Global SupplyIran May Allow Indian Tankers Through Hormuz Despite Ongoing Shipping AttacksOman Evacuates Key Oil Port as Iran War IntensifiesAustralia identifies A$300bn clean energy opportunitiesIran crisis in focus: Round-up of all our coverageMiddle East CCUS forecasts almost halveTop Stories Of The Day: PowerHive Launches VION Battery; India Solar Capacity Hits 136 GW and More…Tata Power Partners With Salesforce To Launch A Fully Integrated AI-Driven Digital Ecosystem For Rooftop Solar, EV Charging And Smart Energy Solutions Across IndiaHartek Commissions Agrivoltaic Open Access Solar Project In PunjabZelestra Begins Full Commercial Operations At The Villamañán Solar Project, A 19 MWdc Facility In León, Strengthening Clean Energy Capacity In SpainRatermann Manufacturing appoints Vice-President of OperationsMontenegro Advances Its Green Transition With the Signing Of The Contract To Connect The SE “Tupan” Solar Power Plant To The National Grid In MontenegroOil Prices Surge Despite Record-Breaking Strategic Reserve ReleaseTwo Oil Tankers Set Ablaze Near Iraq’s Key Export TerminalsGoldman Sachs Raises Oil Price Forecast as Middle East Conflict EscalatesOil Market Shrugs Off 400MM Barrel IEA Reserve ReleaseIran crisis in focus: Industrial gases and desalination risksSAF updates: UK stack incentives, Brazil moves and Australia domestic pushShell declares force majeure on Qatar LNGIran Warns Oil Could Hit $200 per Barrel as Hormuz Threat EscalatesIranian Drone Strike Hits Oman’s Largest Oil Storage Facility
Mon. Mar 16th, 2026
Trending News: China’s Sinopec to Slash Refinery Rates amid Crude Supply ShockAlaska LNG Needs More Offtake Commitments Before Final Investment Decision, CEO SaysEmergency Stockpile Oil Coming Soon to Iran-Wracked Markets, IEA SaysIRAN’S “CROWN JEWEL” – Kharg Island, Struck by US, is Key Hub for Iran Oil ExportsUS Authorizes 13% Increase in Exports at Venture Global’s Plaquemines LNG TerminalTrump Threatens More Strikes on Iran’s Kharg Island, Pushes Allies on Strait of HormuzSabah Unveils New Renewable Energy Framework To Boost Clean Power Investment In MalaysiaActis Sells Peru Power Generation Platform Orygen to Grupo RomeroGE Vernova And Hitachi Explore Small Modular Reactor Deployment Across Southeast AsiaSouth Africa Marks 300 Days Without Loadshedding As Eskom Stabilizes Power SupplyEskom And City Of Ekurhuleni Reach R3.4 Billion Debt Settlement To Secure Power SupplyCrude Futures Turn Positive on Continued Hormuz ClosureHormuz Crisis Forces Massive Saudi Oil Shut-InU.S. clarifies 172 MMbbl SPR release will be oil exchangeTrump orders restart of California’s Santa Ynez offshore oil unitU.S. strike near Iran’s Kharg Island heightens risk of oil supply disruptionCalifornia Hit By Much Higher Oil Prices as Iran War Stresses RefinersCHARTED: The Energy Mix of the World’s 10 Largest Economies – Visual CapitalistRANKED: The Top Buyers of U.S. Oil in 2025 – Visual CapitalistUS Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes19 Million Barrels of Russian Crude Cleared for Sale in AsiaBanks Hike Oil Price Forecasts, and Some See $150 CrudeMiddle East Conflict Halts 15% of TotalEnergies Oil and Gas ProductionKazakhstan’s Tengiz Oilfield Supply Uninterrupted Despite New IncidentAvanti calls for US helium critical mineral status amid Gulf crisisBP Says Whiting Refinery Union Workers Reject its Latest Employment ContractGlobal EV Sales Slip Again as China’s Market StallsGulf Oil Producers Have Already Lost $15 Billion Since the Start of the WarGoldman Sachs Hikes Brent Oil Forecast to Over $100 for MarchICRC mobilises oxygen cylinders to meet rising demand in LebanonActis Completes Sale Of Orygen, Peru’s Second-Largest And Most Diversified Power Producer, To Grupo Romero’s InfraCorp PlatformEuropean Investment Bank approves Up To USD 95 million To Finance ATOME PLC’s Villeta Green Hydrogen Fertiliser Plant In ParaguayTop Stories Of The Day: Draft Consumer Rights Rules Boost Solar & Storage; CERC Clears ₹11.88 Cr Solar Compensation and More…SunPower Inc. completes Integration Of Sunder Energy, Marking A Major Step In Its Long-Term Operational Growth StrategySouth Africa poised to boost helium supply as market tightensSouth Africa poised to boost helium supply as market tightensBahrain Launches International Tender For 100 MW Bilaj Al Jazayer Solar Power ProjectSvante advances BECCS project at US paper millOil on Track for Weekly Gains Despite US Sanctions Waiver on Russian OilOil Prices Dip as U.S. Opens Brief Window for Stranded Russian CrudeOil Prices Head for Weekly Gain Despite U.S. Waiver on Stranded Russian CrudeSaudi Arabia Offers 2 Million Barrels for Sale From the Red SeaAnalyst Warns of ‘Big, Big Risk’ for Oil Over WeekendSIAD to build €18m compressor production facility in ItalyDOE Unveils $1.9 Billion Electric Grid Upgrade PushIran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are TargetedUAE Cuts Crude Shipments to PartnersTrump Weighs Rare Jones Act Waiver as War Drives Fuel Prices HigherOil Settles Up 9% as Iran Vows to Keep Strait of Hormuz ClosedRegulatory justification for Rolls‑Royce SMRUS aims for 5 GW more from existing nuclearUK implementing nuclear regulatory review recommendationsIAEA and Russia discuss Zaporizhzhia nuclear plant situationInfrastructure work under way for Namaru uranium depositFirst San’ao unit connected to the gridOil Unlikely to Hit $200 a Barrel, US Energy Chief SaysHow Have US Presidents Tapped Strategic Petroleum Reserves During War?Iran War is One ‘TACO’ Too Far: McGeeverUS Natgas Prices at Waha Hub in Texas Remain Negative for Record 25th DayUS Navy Could Escort Vessels in Strait of Hormuz With International Coalition, Bessent SaysExchanges Oppose Potential US Treasury Intervention in Oil Futures MarketUS Department of Energy to Invest $1.9 Billion for Power Grid UpgradesTrump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering LawmakersIraq to Hold Oil Output Near 1.4 Million Bpd as War Strangles ExportsUkraine Hits Major Oil Export Pipeline Hub in South RussiaFujairah Oil Terminals Resume Operations After Drone AttackEast-West Pipeline Key to Saudi Arabia’s New Oil Export StrategyIEA Warns of Largest Oil Supply Disruption in HistoryRWE to Invest $19 Billion in U.S. Gas Power as Demand JumpsTotalEnergies Freezes Fuel Prices in France Amid ‘Exceptional Volatility’Everllence to supply compressors for Thailand’s first CCS projectEverllence to supply compressors for Thailand’s first CCS projectLNG and helium hit by Middle East uncertainty, says BloombergNEFSyzygy inks deal to develop biogas-to-SAF projects in BrazilSyzygy inks deal to develop biogas-to-SAF projects in BrazilTrump and Iran Signal No Quick End to War as Oil Tankers Burn in Iraqi WatersUS to Release 172 Million Barrels of Oil From Strategic Petroleum ReserveGoldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz DisruptionTrump Taps Strategic Petroleum Reserve in Response to Iran Shipping AttacksChina Halts Fuel Exports as Hormuz Crisis Tightens Global SupplyIran May Allow Indian Tankers Through Hormuz Despite Ongoing Shipping AttacksOman Evacuates Key Oil Port as Iran War IntensifiesAustralia identifies A$300bn clean energy opportunitiesIran crisis in focus: Round-up of all our coverageMiddle East CCUS forecasts almost halveTop Stories Of The Day: PowerHive Launches VION Battery; India Solar Capacity Hits 136 GW and More…Tata Power Partners With Salesforce To Launch A Fully Integrated AI-Driven Digital Ecosystem For Rooftop Solar, EV Charging And Smart Energy Solutions Across IndiaHartek Commissions Agrivoltaic Open Access Solar Project In PunjabZelestra Begins Full Commercial Operations At The Villamañán Solar Project, A 19 MWdc Facility In León, Strengthening Clean Energy Capacity In SpainRatermann Manufacturing appoints Vice-President of OperationsMontenegro Advances Its Green Transition With the Signing Of The Contract To Connect The SE “Tupan” Solar Power Plant To The National Grid In MontenegroOil Prices Surge Despite Record-Breaking Strategic Reserve ReleaseTwo Oil Tankers Set Ablaze Near Iraq’s Key Export TerminalsGoldman Sachs Raises Oil Price Forecast as Middle East Conflict EscalatesOil Market Shrugs Off 400MM Barrel IEA Reserve ReleaseIran crisis in focus: Industrial gases and desalination risksSAF updates: UK stack incentives, Brazil moves and Australia domestic pushShell declares force majeure on Qatar LNGIran Warns Oil Could Hit $200 per Barrel as Hormuz Threat EscalatesIranian Drone Strike Hits Oman’s Largest Oil Storage Facility
Mon. Mar 16th, 2026

Why Is the Oil Price Rising?

Tuesday May 06, 2025
–
Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York. 

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