Europe Wary Of Too Much Dependence on U.S. LNG
European buyers aren’t committing to long-term LNG supply agreements with U.S. exporters despite the ongoing EU phase-out of Russian gas imports and the supply crisis in the Middle East. U.S.…
U.S., Iran strike deal to reopen Strait of Hormuz, sending oil lower
(Bloomberg) – The U.S. and Iran say they have reached a deal to reopen the Strait of Hormuz, setting the stage for talks on Tehran’s nuclear program and potentially ending…
Nigeria’s Crude Oil Production Hits 15-Month High
Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed. …
Hope for Hormuz as Iran, US Edge Closer to Peace Deal
(Update) June 12, 2026, 4:43 PM GMT: Article updated with Trump, Araghchi and Pakistani statements starting in third paragraph. The US and Iran moved closer to an interim peace agreement…
Norway Pitches Arctic Resources as Key to EU Energy Security
Norway has intensified its charm offensive to persuade the European Union to drop its ban on Arctic drilling by campaigning that oil and gas resources in the High North would…
India Accuses West of Double Standards Over U.S. Russia Oil Sanctions
The on-and-off U.S. sanctions on Russian oil and the flipping U.S. position regarding India’s oil purchases from Russia highlight the double standards of the Western nations, Indian Foreign Minister S…
Oil Prices Tumble 4% on Iran Peace Optimism
Oil prices plunged by more than 4% early on Friday as the market hopes the U.S. and Iran have made progress toward a peace deal. As of morning trade in…
India Set to Miss Budget Deficit Target as Oil Shock Strains Public Finances
India may be on track to miss its target for budget deficit for the first time since 2021 as the oil supply shock pressures government coffers. The government of the…
The Hidden Infrastructure Challenge Behind Renewable Energy Growth
The Middle East crisis has spurred more interest in alternative energy supply, but the evolution of transition technology has made transporting things like turbine blades and batteries problematic, DHL’s chief…
India Caps Fuel Sales to Avoid Shortages
India has imposed limits on gasoline and diesel sales at retail fuel stations to avoid supply crunches, with commercial consumers banned from buying any fuel from retail stations, Bloomberg reported,…
