Masirah Oil to start three-well drilling program at Oman’s Yumna field in May
Offshore Drilling Oman April 06, 2026 (WO) — Masirah Oil plans to begin drilling a three-well development program at the offshore Yumna field in Oman in May 2026, advancing…
UAE’s Biggest Gas Plant Forced Offline for Second Time Since War Began
Operations at the Habshan gas facilities, the biggest gas processing site in the United Arab Emirates, were suspended early on Friday following a fire that erupted after an attack, Abu…
India’s Russian Crude Imports Jump 90% in March After U.S. Waiver
India’s imports of Russian crude oil jumped by 90% in March versus February, following the major supply disruption in the Middle East and the U.S. waiver of purchases of Russian…
India Passes on Iranian Oil as Sanctioned Tanker Redirects to China
A sanctioned tanker carrying Iranian crude has abruptly changed destination from a port on India’s west coast to an import terminal in China, in a move suggesting that India would…
China Sets 2029 Deadline to Shut Down Outdated Petrochemical Plants
China plans to phase out some of its outdated petrochemical plants by 2029 and upgrade others, under new directives issued by the authorities on Friday. The Chinese authorities will review…
Canada’s Synthetic Crude Soars 200% as War Chokes Diesel Supply
The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200% since March 27 as the Middle East war cripples global diesel supply…
JP Morgan Sees $150 Oil if Hormuz Remains Closed Through Mid-May
Oil prices could top $150 per barrel if energy flows through the Strait of Hormuz remain disrupted through the middle of May, according to JP Morgan. Prices are headed to…
Europe Braces for Prolonged Energy Crisis as Supplies Tighten
Europeans must prepare for an extended period of tight oil and gas supplies, the EU’s energy commissioner Dan Jørgensen told the Financial Times. “This will be a long crisis . . . energy…
Why Has the WTI Oil Price Surpassed Brent?
Why has the West Texas Intermediate (WTI) oil price surpassed Brent? That was the question Rigzone asked Art Hogan, chief market strategist at B. Riley Wealth, and Phil Flynn, a…
Japan’s JERA Cancels Long-Term LNG Deal With Commonwealth
Japan’s JERA and Commonwealth LNG have terminated a deal for the supply of liquefied gas to the Japanese firm, Reuters has reported, citing a filing with the U.S. Department of…
