April 06, 2026 The key Russian oil export terminal at Novorossiysk was on fire early on Monday following an overnight drone attack, as Ukraine intensifies strikes on Russia’s oil infrastructure to reduce its export capabilities amid surging oil prices. The attack comes as another of Russia’s ports, Ust-Luga, resumed oil loadings after multiple days of […]Read More
April 06, 2026 Two tankers that loaded LNG from Qatar before the war began appear to be attempting to exit the Strait of Hormuz in what could be the first export of Qatari LNG in over a month. The Al Daayen and the Rasheeda, which took Qatari LNG at the end of February just before […]Read More
April 02, 2026 India on Thursday temporarily abolished the import tax on 40 key petrochemicals to provide relief to a range of industries as domestic petrochemical output is now diverted to the production of liquefied petroleum gas (LPG), the primary cooking fuel in the country. India’s Ministry of Finance said today it is providing full […]Read More
March 31, 2026 At least 28 ships, including vessels carrying crude oil, liquefied petroleum gas (LPG), and LNG supplies to India, are currently stranded near the Strait of Hormuz, the Indian government has confirmed. The vessels include at least 10 foreign-flagged cargoes with supplies to India and 18 India-flagged ships, including those carrying energy products, […]Read More
The Minister of Power, Adebayo Adelabu, has extended a formal apology to Nigerians for the recent nationwide electricity outages, acknowledging the significant disruptions they have caused to households, businesses, schools, and industries. He characterized the situation as a temporary issue and addressed the nation during a press briefing in Abuja on Tuesday. In his remarks, […]Read More
March 18, 2026 Oil prices climbed sharply in early Asian trading on Thursday as the Middle East conflict continued to escalate and energy infrastructure was targeted across the Gulf. At the time of writing, Brent crude had climbed to $112.00, up 4.27%, while West Texas Intermediate had risen 2.73% to $98.95. The latest price spike […]Read More
March 13, 2026 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 cash flow. Following requests from shareholders and to answer the question about the status of TotalEnergies’ exposure to Middle East, the France-based […]Read More
March 09, 2026 Chevron is urging California officials to reconsider proposed amendments to the state’s Cap-and-Invest (C&I) carbon market program, arguing that the changes could increase fuel costs, accelerate refinery closures, and undermine energy security across the state and the broader United States. In a letter addressed to California Governor Gavin Newsom and state energy regulators, the […]Read More
March 10, 2026 Saudi Aramco reported net profits of $104.7 billion for 2025, down by 12% on the year amid persistently low oil prices last year. The company also said it would buy back up to $3 billion over the next 18 months. The company’s free cash flow at the end of 2025, however, was […]Read More
March 09, 2026 The Middle East war and the resulting production halt at the world’s second-largest LNG exporter, Qatar, are erasing the projected glut of the fuel that was expected before the region was set on fire, according to Morgan Stanley. Qatar’s state energy firm QatarEnergy last week halted LNG production at its Ras Laffan […]Read More
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