Oil Shrugs Potential IEA Reserves Release, Gains on Supply Worries

Summary WSJ reports IEA proposed largest-ever release of oil reserves France to host G7 leaders call on Wednesday U.S. crude, gasoline and distillate stocks fell last week March 11 (Reuters)…

SLB Provides Update on Middle East Operations and First Quarter Outlook

HOUSTON–(BUSINESS WIRE)–SLB (NYSE: SLB) continues to closely monitor the unfolding situation in the Middle East and adapt its operations. The safety and security of SLB’s employees is the highest priority,…

Chevron and Shell Move Closer to New Oil Deals in Venezuela

Chevron and Shell are reportedly close to sealing deals for oil production in Venezuela following the United States’ takeover of the country’s energy industry, Reuters wrote, citing unnamed sources. Both…

Qatar’s LNG Shutdown Sends Shockwaves Through Global Gas Markets

QatarEnergy’s shutdown of its LNG production complex has resulted in a streak of five days with zero shipments of the superchilled fuel, according to Kpler data cited by Bloomberg. This…

Tankers Avoid Emirati Port as Gulf War Risk Disrupts Oil Exports

Shipping companies have grown reluctant to call at the port of Fujairah in the UAE, prompting cancellations of oil cargoes that Adnoc is then reselling at higher prices, Bloomberg has…

Cargo Ship Hit by Projectile in Strait of Hormuz as Tanker Crisis Continues

A cargo vessel has been hit by an unknown projectile in the Strait of Hormuz, which has ignited a fire onboard, the United Kingdom Maritime Trade Operations (UKMTO), a Royal…

Crude Oil Jumps 4% as Traders Price In Supply Disruption

Oil prices rebounded early on Wednesday as the market fears a massive supply crunch from the ongoing blockage at the Strait of Hormuz, which offset reports that the IEA is…

NLC India Secures AAA Credit Rating with Stable Outlook for ₹1,000 Crore External Borrowing

NLC India Limited, a Navratna Government of India enterprise, has announced updated credit ratings for its financial instruments as of March 10, 2026. The ratings were issued by Acuite Ratings…