G7 agrees to release up to 100 million barrels of oil and diesel reserves after US pressure
The coordinated reserve release, agreed at an extraordinary G7 meeting, aims to cool soaring diesel and crude prices driven by war-related supply disruptions ah
Oilprice · +15 outlets
Oil prices fall as Europe agrees to tap diesel reserves; WTI drops nearly 4%, Brent slips below $100
Crude benchmarks retreated on the prospect of extra government fuel supplies, easing some of the squeeze that had pushed physical barrels above $120.
Oilprice · +15 outlets
Trump says Europe will release a massive amount of diesel as US pressed allies on stocks
The US push, described as pressure or a threatened export ban, prompted European allies to commit to releasing stocked diesel oil.
Global Banking & Finance Review · +14 outlets
US deploys Patriot missile batteries to shield Saudi oil and Qatari gas facilities
Washington sent two additional Patriot batteries to protect Gulf energy infrastructure from potential Iranian strikes as a third carrier heads to the region.
Oilprice · +14 outlets
Dated Brent surges above $120 while ICE Brent slips toward $101, signaling a severe physical oil squeeze
Physical crude markets tightened sharply even as headline futures fell, reflecting droned tankers in the Strait of Hormuz and China reinstating refined product
Oilprice · +1 outlets
France floats releasing 50 million barrels of diesel and 50 million barrels of crude from IEA stocks
Paris proposed tapping the International Energy Agency's emergency inventories ahead of the G7 call to address the diesel shortage.
IndexBox · +14 outlets
Canada PM Carney invokes new powers to fast-track a high-capacity oil pipeline to Asian markets
The move aims to expand Canadian crude access to Asia and could benefit listed pipeline and energy names.
Rigzone · +14 outlets
September LNG shipments through the Strait of Hormuz hit highest level since the US-Iran war began
About 21 LNG cargoes exited Hormuz in September, the most since the war started but still well below pre-war levels.
Oilprice · +13 outlets
Oil and bond yields pressure equities as softer jobs data calms rate-hike expectations
Stocks swung between higher energy costs and easing rate fears, with Friday's softer US jobs report lifting equities while crude stayed volatile.
Reuters · +14 outlets
JERA CEO warns LNG prices have further to climb as Qatari supply stays disrupted
Japan's largest LNG importer does not expect Qatari cargoes through Hormuz to resume in time for winter.
Oilprice · +2 outlets
China suspends oil product exports, pushing crude back above $101
Beijing's export halt tightened global refined product markets amid the diesel squeeze.
ET EnergyWorld · +6 outlets
ConocoPhillips signs 20-year deal to buy 1 million tons of LNG a year from Venture Global
The long-term offtake starting in 2030 adds a major buyer to Venture Global's export projects.
Rigzone · +13 outlets
Trump says South Korea deal includes $8.4 billion US oil project; Seoul disputes the claim
The president said the investment agreement now covers an enhanced oil recovery project, which South Korean officials deny.
Oilprice · +14 outlets
Saudi Arabia reportedly plans an attack on the Houthis, adding Middle East risk premium
Reports of a planned Saudi operation supported oil prices even as reserve-release news pushed them lower.
cnbc.com · +14 outlets
European gas prices remain punishingly high, sending utilities back to coal
Sustained high gas costs are prompting European power producers to lean on coal ahead of winter.
Oilprice · +3 outlets
Iran offers to allow back nuclear inspectors in exchange for eased sanctions
The concession could help break deadlocked peace talks with Washington.
Rigzone · +14 outlets
US natural gas production hit a record high in July 2026, led by Permian growth
Federal data showed record US gas output as Permian associated gas volumes climbed.
U.S. Energy Information Administration (
Alaska LNG viability hinges on how much Asian buyers will pay for energy security
A Reuters analysis found the Trump administration's Alaska LNG project could cost more than double Gulf Coast export projects.
Oilprice