Trending News: Hormuz Tanker Traffic Remains Subdued Despite Reports of Peace TalksChina Eases Fuel Export Curbs as Global Supply Crunch DeepensChina’s Power Demand Hits Records as Heatwave Grips Key RegionsRed Sea Attack Sinks India-Flagged Cargo Vessel Off YemenU.S. Moves to Keep Tungsten Scrap and Battery Metals at HomeOil Price Rally Boosts Glencore’s First-Half ProfitHouthis Claim Ballistic Missile Hit on Saudi Oil Tanker in Red SeaIraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 YearsHormuz Bottleneck Pushes Indian Refiners Toward West African GradesRenergen targets September helium production in South AfricaConvertus secures $135m for biomethane and food-grade CO2 facility in CanadaREALITY: Trump Says America Does Not Need Canadian Energy. The Facts, and His Own Policies, Say OtherwiseOil Prices Rebound After Houthis Say They Attacked Saudi TankerTrump Says US Held ‘All-Day Negotiation’ With Iran on TuesdaySouth East Asia Weekly: Sabah Launches RM4,000 Rebate; MPA Installs 1,092 Solar Panels; Aboitiz Starts 239 MWp Solar; SIM Signs 14-Year Solar PPA; Marina South Goes Solar and More…MIT-backed seawater technology locks away CO2 while producing hydrogenOriana Power Invests INR 2.10 Crore In Wholly Owned Subsidiary For Solar Project DevelopmentNTPC Green Energy Crosses 10 GW Renewable Capacity in FY26, Reports INR 521 Crore Consolidated PATCoastal Bend LNG launches FERC pre-filing for Texas LNG terminalGreen Energy Stocks Deliver Mixed Performance Despite Positive Market Close (05 August 2026)EIR Still Sees Oil at $100 in H2, 2027South Africa Backs Sasol–Envision Partnership To Advance Green Hydrogen ProductionAndhra Pradesh minister orders audit into liquid oxygen procurementIlikwa 50 MW Solar Facility Begins Commercial Power Supply in South AfricaONGC Profit More Than Doubles as Oil Prices SurgeOil Markets Price In an Iran Deal That Does Not Exist YetUS Crude Oil Inventories Build As Washington Talks Up Potential Peace DealShell invests in Surat Gas Project to firm up QCLNG supplyIran Demands Inbound Control of Hormuz and Outbound Oversight, Source SaysNRG Energy Misses Quarterly Profit Estimates as Interest Costs RiseDuke Energy’s Profit Beats as Higher Power Demand Offsets Rising ExpensesStates Sue Over Latest Trump Tariff AttemptBP CEO Says Interest in Its North Sea Business Is StrongMideast War Helps and Harms BP CEO’s Turnaround Ambitions: BoussoUS’s Bessent: Could Have Deal With Iran on Hormuz Strait in Next Two DaysWhite House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper GasolineDevon Energy Posts Highest Quarterly Profit Since 2022 on Higher Prices, OutputUS Shale Producer EOG Resources Beats Quarterly Profit Estimates on Higher Crude PricesCore catcher installed at Leningrad’s eighth unitFresh 10-year decommissioning licence issued for Kozloduy 3 and 4KHNP, AboitizPower to cooperate on nuclear energyEntergy to consider deployment of Holtec’s SMR-300Qatar, Bessent Signal Progress on Short Term USA-Iran DealVenezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year HighTanker Traffic Remains Subdued Despite Trump’s Talk of PeaceGermany’s Energy Demand Falls as High Prices Hit Oil ConsumptionSaudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices SurgeBP Earnings Surge to $5.7 Billion on Oil Price and Refining BoomIndia Expands Oil Storage Sites After Shock Supply DisruptionPakistan Partners with Canadian Firm to Boost Domestic Heavy Crude OutputHormuz Tanker Traffic Stalls at Two-Month Low as Attacks EscalateIndia’s HPCL Snaps Up Nigerian Crude To Dodge The Hormuz BottleneckPentagon Scraps $300 Million Lithium Tender for Defense StockpileUS Oil Exports in July Fall to Lowest Level in Eight Months, Data ShowsOil Gains Over 2% as Talks to End US-Iran War Remain UncertainTrump Blasts Exxon, Chevron for Making ‘Too Much Money,’ Demands Lower Gasoline PricesMarathon Petroleum Beats Quarterly Profit Estimates on Refining Margin BoomJapan chemical firm bets on advanced reclamation to tackle fluorocarbon supplyNTPC Invites Bids For Two-Year O&M Contract At 25 MW Floating Solar Plant In Simhadri, Andhra PradeshGERC Extends Bid Submission Deadline For Consultancy On Ancillary Services Regulations In GujaratIEX Records 13,527 MU Electricity Trading Volume in July 2026, Up 7.7% YoY Amid Rising Power DemandGERC Allows Deendayal Port Authority To Offset Solar RPO Shortfall With Surplus Wind Energy In GujaratEntropy commissions Glacier phase 2 CCS project in AlbertaSolplanet Webinar Highlights Thailand’s Expanding Opportunities in Solar and Energy StorageCanada Welding Supply appoints Director of OperationsGreen Energy Stocks Show Mixed Performance As Broader Indian Markets End Lower (04 August 2026)Japan trio to advance first direct ocean capture pilotBluefors appoints new President of New York cryocoolers businessGeorgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan OilTrump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEOUkraine’s Drone Campaign Drives Russian Oil Refining to 24-Year LowCEO Plays Down Impact of Attacks on AramcoAtlas Copco acquires compressed air business of 3C IndustrialBP to sell Archaea Energy as it withdraws from biogasPIPELINE OPPOSITION: Washington State Congressman Wants Spill Response Review for Canada’s Alberta Pipeline to B.C.How Iran is Widening its Pressure Campaign to Force US ConcessionsTrump Demands Lower Gas Prices From Oil Companies, Chides Chevron CEOTrump Says He Does Not Care About USMCA as US, Canada Plan Trade TalksA (TEMPORARY) GOLDEN ERA – Iran War Ushers in Oil Refining Golden Era. It Won’t Last: Ron BoussoM&A: Williams Agrees to Buy Momentum Midstream for $5.5 BillionFinnish regulator gives positive decision on used fuel repositoryBWXT sells medical business for USD800 millionWestinghouse and Amentum sign AP1000/AP300 collaboration agreementsNigeria approves $4.5 billion oil-backed financing deal to support production growthGreek ministers to examine nuclear energy optionsMid-year updates from major uranium producers Greek LNG Ship Safely Clears Hormuz After Maritime IncidentIndia Moves to Rescue Renewable Energy Projects Stalled by Grid ShortagesKuwait Oil Production Surges as OPEC+ Completes Output Cut ReversalBP Completes Sale of German Refinery as Portfolio Overhaul AcceleratesIndia’s Imports of Russian Crude Hit New High in JulyShell Sells European Onshore Renewables Portfolio to TotalEnergiesAustralian Regulator Wants Tougher Pollution Rules for Darwin LNG PlantsIndian Oil Subsidiary CPCL Plans 280,000 Bpd Manali RefineryDark Tanker Transits Surge at Bab el-Mandeb as Houthi Threat PersistsTrump’s Iran Reversal Sends European Gas Prices TumblingAnalysts Look at Latest Oil Price MovesAWG expands Texas footprint with United Welding Supply acquisitionUK CO2 supply resilience consultation closes in two weeksUK government launches call for evidence on CO2 supply resilience
Thu. Aug 6th, 2026
Trending News: Hormuz Tanker Traffic Remains Subdued Despite Reports of Peace TalksChina Eases Fuel Export Curbs as Global Supply Crunch DeepensChina’s Power Demand Hits Records as Heatwave Grips Key RegionsRed Sea Attack Sinks India-Flagged Cargo Vessel Off YemenU.S. Moves to Keep Tungsten Scrap and Battery Metals at HomeOil Price Rally Boosts Glencore’s First-Half ProfitHouthis Claim Ballistic Missile Hit on Saudi Oil Tanker in Red SeaIraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 YearsHormuz Bottleneck Pushes Indian Refiners Toward West African GradesRenergen targets September helium production in South AfricaConvertus secures $135m for biomethane and food-grade CO2 facility in CanadaREALITY: Trump Says America Does Not Need Canadian Energy. The Facts, and His Own Policies, Say OtherwiseOil Prices Rebound After Houthis Say They Attacked Saudi TankerTrump Says US Held ‘All-Day Negotiation’ With Iran on TuesdaySouth East Asia Weekly: Sabah Launches RM4,000 Rebate; MPA Installs 1,092 Solar Panels; Aboitiz Starts 239 MWp Solar; SIM Signs 14-Year Solar PPA; Marina South Goes Solar and More…MIT-backed seawater technology locks away CO2 while producing hydrogenOriana Power Invests INR 2.10 Crore In Wholly Owned Subsidiary For Solar Project DevelopmentNTPC Green Energy Crosses 10 GW Renewable Capacity in FY26, Reports INR 521 Crore Consolidated PATCoastal Bend LNG launches FERC pre-filing for Texas LNG terminalGreen Energy Stocks Deliver Mixed Performance Despite Positive Market Close (05 August 2026)EIR Still Sees Oil at $100 in H2, 2027South Africa Backs Sasol–Envision Partnership To Advance Green Hydrogen ProductionAndhra Pradesh minister orders audit into liquid oxygen procurementIlikwa 50 MW Solar Facility Begins Commercial Power Supply in South AfricaONGC Profit More Than Doubles as Oil Prices SurgeOil Markets Price In an Iran Deal That Does Not Exist YetUS Crude Oil Inventories Build As Washington Talks Up Potential Peace DealShell invests in Surat Gas Project to firm up QCLNG supplyIran Demands Inbound Control of Hormuz and Outbound Oversight, Source SaysNRG Energy Misses Quarterly Profit Estimates as Interest Costs RiseDuke Energy’s Profit Beats as Higher Power Demand Offsets Rising ExpensesStates Sue Over Latest Trump Tariff AttemptBP CEO Says Interest in Its North Sea Business Is StrongMideast War Helps and Harms BP CEO’s Turnaround Ambitions: BoussoUS’s Bessent: Could Have Deal With Iran on Hormuz Strait in Next Two DaysWhite House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper GasolineDevon Energy Posts Highest Quarterly Profit Since 2022 on Higher Prices, OutputUS Shale Producer EOG Resources Beats Quarterly Profit Estimates on Higher Crude PricesCore catcher installed at Leningrad’s eighth unitFresh 10-year decommissioning licence issued for Kozloduy 3 and 4KHNP, AboitizPower to cooperate on nuclear energyEntergy to consider deployment of Holtec’s SMR-300Qatar, Bessent Signal Progress on Short Term USA-Iran DealVenezuela’s Oil Exports Fall Even as U.S. Shipments Hit Seven-Year HighTanker Traffic Remains Subdued Despite Trump’s Talk of PeaceGermany’s Energy Demand Falls as High Prices Hit Oil ConsumptionSaudi Aramco’s Adjusted Profit Jumps 33% as Oil Prices SurgeBP Earnings Surge to $5.7 Billion on Oil Price and Refining BoomIndia Expands Oil Storage Sites After Shock Supply DisruptionPakistan Partners with Canadian Firm to Boost Domestic Heavy Crude OutputHormuz Tanker Traffic Stalls at Two-Month Low as Attacks EscalateIndia’s HPCL Snaps Up Nigerian Crude To Dodge The Hormuz BottleneckPentagon Scraps $300 Million Lithium Tender for Defense StockpileUS Oil Exports in July Fall to Lowest Level in Eight Months, Data ShowsOil Gains Over 2% as Talks to End US-Iran War Remain UncertainTrump Blasts Exxon, Chevron for Making ‘Too Much Money,’ Demands Lower Gasoline PricesMarathon Petroleum Beats Quarterly Profit Estimates on Refining Margin BoomJapan chemical firm bets on advanced reclamation to tackle fluorocarbon supplyNTPC Invites Bids For Two-Year O&M Contract At 25 MW Floating Solar Plant In Simhadri, Andhra PradeshGERC Extends Bid Submission Deadline For Consultancy On Ancillary Services Regulations In GujaratIEX Records 13,527 MU Electricity Trading Volume in July 2026, Up 7.7% YoY Amid Rising Power DemandGERC Allows Deendayal Port Authority To Offset Solar RPO Shortfall With Surplus Wind Energy In GujaratEntropy commissions Glacier phase 2 CCS project in AlbertaSolplanet Webinar Highlights Thailand’s Expanding Opportunities in Solar and Energy StorageCanada Welding Supply appoints Director of OperationsGreen Energy Stocks Show Mixed Performance As Broader Indian Markets End Lower (04 August 2026)Japan trio to advance first direct ocean capture pilotBluefors appoints new President of New York cryocoolers businessGeorgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan OilTrump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEOUkraine’s Drone Campaign Drives Russian Oil Refining to 24-Year LowCEO Plays Down Impact of Attacks on AramcoAtlas Copco acquires compressed air business of 3C IndustrialBP to sell Archaea Energy as it withdraws from biogasPIPELINE OPPOSITION: Washington State Congressman Wants Spill Response Review for Canada’s Alberta Pipeline to B.C.How Iran is Widening its Pressure Campaign to Force US ConcessionsTrump Demands Lower Gas Prices From Oil Companies, Chides Chevron CEOTrump Says He Does Not Care About USMCA as US, Canada Plan Trade TalksA (TEMPORARY) GOLDEN ERA – Iran War Ushers in Oil Refining Golden Era. It Won’t Last: Ron BoussoM&A: Williams Agrees to Buy Momentum Midstream for $5.5 BillionFinnish regulator gives positive decision on used fuel repositoryBWXT sells medical business for USD800 millionWestinghouse and Amentum sign AP1000/AP300 collaboration agreementsNigeria approves $4.5 billion oil-backed financing deal to support production growthGreek ministers to examine nuclear energy optionsMid-year updates from major uranium producers Greek LNG Ship Safely Clears Hormuz After Maritime IncidentIndia Moves to Rescue Renewable Energy Projects Stalled by Grid ShortagesKuwait Oil Production Surges as OPEC+ Completes Output Cut ReversalBP Completes Sale of German Refinery as Portfolio Overhaul AcceleratesIndia’s Imports of Russian Crude Hit New High in JulyShell Sells European Onshore Renewables Portfolio to TotalEnergiesAustralian Regulator Wants Tougher Pollution Rules for Darwin LNG PlantsIndian Oil Subsidiary CPCL Plans 280,000 Bpd Manali RefineryDark Tanker Transits Surge at Bab el-Mandeb as Houthi Threat PersistsTrump’s Iran Reversal Sends European Gas Prices TumblingAnalysts Look at Latest Oil Price MovesAWG expands Texas footprint with United Welding Supply acquisitionUK CO2 supply resilience consultation closes in two weeksUK government launches call for evidence on CO2 supply resilience
Thu. Aug 6th, 2026

KEEP IT DOWN! Trump Tells Everyone to Keep Oil Prices Down After Iran Attacks

Trump followed up with another post addressed to the U.S. Department of Energy, encouraging it to “drill, baby, drill” and saying, “I mean now.”

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U.S. Energy Secretary Chris Wright responded, “We’re on it!” in a post on X.

It was not immediately clear what the energy department could do to boost oil and gas drilling, which hit record highs during the previous administration of former President Joe Biden and which Trump wants to take even higher. The Energy Department did not immediately respond to a question on Wright’s comment.

Global benchmark Brent oil prices oscillated on Monday, touching a five-month high before falling more than 1% to $76.10 a barrel as oil and gas transit continued on tankers from the Middle East after U.S. air strikes against Iran over the weekend.

The United States could tap the Strategic Petroleum Reserve, the world’s largest emergency crude oil stash, in the case of severe interruptions. But the Trump administration has criticized Biden’s use of the SPR after Russia invaded Ukraine in 2022.

(Reporting by Katharine Jackson, Timothy Gardner and Ryan Patrick Jones, editing by Deepa Babington)

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