IEA Members Support Oil Stock Release Acceleration
Friday October 09, 2026 – IEA member governments ‘expressed support for accelerating the oil stock releases announced in the Collective Action of March 2026’, IEA Executive Director Fatih Birol said.…
IEA Members Support Oil Stock Release Acceleration
In a statement sent to Rigzone late Wednesday by the International Energy Agency (IEA), IEA Executive Director Fatih Birol revealed that, in a meeting this week, IEA member governments “expressed…
Petronas to Raise Malaysia Dividend 19% to $7.8 Billion for 2027
State-owned energy giant Petronas will boost the dividend it owes the Malaysian government by 19% in 2027 as oil prices soar and raise profits at the company. Malaysia’s Ministry of…
Crude Oil is Underpriced, Energy Aspects Says
Oil futures prices are disconnected from reality on the ground in the Middle East and should be trading closer to $150 a barrel for some physical crude prices, Amrita Sen,…
129 Gulf Platforms Evacuated as Isaias Gets Stronger
(Update) October 9, 2026, 7:01 PM GMT+1: Article updated throughout. In a statement sent to Rigzone on Friday, the Marine Minerals Administration (MMA) revealed that personnel had been evacuated from a…
Lessons from Covid: Achieving resilience in medical oxygen supply
By 31 min ago 3 min read Medical oxygen reliability is significant when usual healthcare infrastructure becomes limited or unavailable, raising the question of how to build resilience within the…
Asian Refiners Ditch U.S. Oil as Supertanker Rates Hit $82 Million
The record-high freight costs refiners have to pay to receive a cargo of crude oil from the U.S. Gulf Coast have effectively shut the arbitrage to Asia, with refiners in…
Hormuz Crisis Leaves EU Gas Storage Short Heading Into Winter
Historically low levels of natural gas in storage sites for this time of year could leave the European Union with a gas shortfall in the winter and could force the…
Australia Close to Finalizing Gas Reservation Plan for LNG Exporters
The Australian government will introduce next week a bill setting the final rules in the so-called Domestic Gas Reservation Scheme, which will require LNG exporters to keep up to 20%…
US DOW awards conditional $1.5bn loan to bandgap semiconductor firm
By 36 min ago 2 min read US silicon carbide (SiC) firm Wolfspeed has secured a conditional loan commitment of up to $1.5bn from the US Department of War (DOW)…
