Qatar Extends LNG Force Majeure as Hormuz Crisis Drags On
High Freight Costs Push More U.S. LNG Toward Europe
European Gas Prices Rally on U.S.-Iran Stalemate
UK Grid Operator Warns of Tight Power Margins
Indonesia’s Coal Exports Sink 23% as Global Demand Heads for a Record
The knock-on industry impacts of high diesel prices
Energy Groups Urge Trump to Reject Fuel Export Restrictions
Middle East Oil Exports Rebound to 12.8 Million Bpd
Goldman Warns Diesel Export Ban Would Send Gasoline Prices Higher
Germany’s Gas Storage Sits at 57%, but VNG Says Winter Supply Is Covered
Oil Reverses Gains on Renewed Hope of Peace in Iran
Crude oil prices reversed their climb this morning, retreating on reports that efforts are being made to negotiate another ceasefire between the United States and Iran. Brent crude was trading…
Iran Says U.S. Struck Unfinished Nuclear Plant, Warns of Safety Risk
Iran has warned there is a nuclear safety risk after the United States struck a nuclear power plant that is under construction in the southwestern province of Khuzestan. U.S. forces…
ADNOC Approves $6.2 Billion Gas Project in Abu Dhabi
Abu Dhabi’s national oil company ADNOC on Tuesday announced a $6.2 billion final investment decision to develop the Umm Shaif Gas Cap project in Abu Dhabi as part of its…
Pakistan Shells Out Record Sums for Spot LNG as Qatar Supply Falters
Pakistan is paying top dollar for LNG supply as the renewed closure of the Strait of Hormuz and the stranding of cargoes from its term supplier Qatar have forced the…
India Keeps Buying Russian Oil at Near-Record Pace Despite Expired Waiver
India’s crude oil imports have remained close to record-high levels in July despite the end of the U.S. waiver the previous month. The U.S. quietly let the waiver allowing the…
UK Scraps 5% VAT on Electricity
In one of his first moves as the UK’s new Prime Minister, Andy Burnham announced on Tuesday that the new Labour government would scrap the 5% value added tax (VAT)…
Ryanair Profit Falls 36% as Unhedged Jet Fuel Costs Double
Ryanair shed more than a third of its profit as rising jet fuel prices triggered by the Iran war began to take effect. The budget airline had previously insulated itself…
Oil Prices Top $90 as Kuwaiti Tanker Hit in Strait of Hormuz
A Kuwait-owned oil products tanker was struck by a projectile in the Strait of Hormuz near Oman as tensions escalate around the key shipping lanes of the Middle East, sending…
IMF Flags Higher Oil Price As Key Risk to India’s GDP Growth
India’s economic growth for the 2026/2027 fiscal year could be lower than previously expected amid higher oil prices with the re-escalation of the Middle East war and the El Nino…
Rystad Warns 2.5MM Bpd of Saudi Oil is at Risk
In a market update sent to Rigzone late Monday, Rystad Energy warned that 2.5 million barrels per day of Saudi oil is at risk as the Houthis “threaten to enact…
