U.S. strike near Iran’s Kharg Island heightens risk of oil supply disruption

(Bloomberg) – A U.S. strike near Iran’s Kharg Island, the country’s main crude export hub, has heightened concerns about potential disruptions to global oil supply as conflict in the Middle…

California Hit By Much Higher Oil Prices as Iran War Stresses Refiners

By and California now more dependent on costlier fuel imports from Asia West Coast refineries account for about 50% of Middle East crude imports to US Prices spike for alternative…

CHARTED: The Energy Mix of the World’s 10 Largest Economies – Visual Capitalist

By | Graphics/Design: Key Takeaways Oil is the largest energy source in six of the world’s 10 biggest economies, including the U.S., Germany, Japan, the UK, and Italy. Coal dominates…

RANKED: The Top Buyers of U.S. Oil in 2025 – Visual Capitalist

By | Graphics/Design: Key Takeaways The Netherlands imported 419 million barrels, making it the world’s largest buyer of American crude, ahead of much larger economies like China, India, and Japan.…

US Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since early February, energy services firm…

19 Million Barrels of Russian Crude Cleared for Sale in Asia

Refiners can legally buy at least 19 million barrels of Russian crude held on 25 tankers in Asia under the one-month U.S. waiver allowing sales as Middle Eastern supply is…

Banks Hike Oil Price Forecasts, and Some See $150 Crude

Investment banks are scrambling to revise up their oil price forecasts as the Middle East war cripples supply from the most important oil-producing region, with some expecting oil to surge…

Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production

The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil and gas output, while the now-offline barrels account for about 10% of the supermajor’s upstream…

Kazakhstan’s Tengiz Oilfield Supply Uninterrupted Despite New Incident

The operator of Tengiz, the biggest oilfield in Kazakhstan, on Friday said it is investigating an incident from Wednesday, which has not interrupted supply.  The field, operated by a Chevron-led…