Hurricane Isaias shuts in over 70% of US Gulf oil production as it nears landfall
The Category 3 storm forced evacuation of 129 platforms and shut in roughly 71% of Gulf oil output and 58% of gas production, tightening fuel supply.
Oilprice · +14 outlets
Trump says US will take Russian diesel in policy reversal weeks before midterms
The deal relaxing pressure on Moscow aims to ease record US fuel prices but experts doubt it will have much price impact.
WHEC.com · +12 outlets
IEA and G7 members back release of another 100 million barrels from emergency oil stocks
The release, part of a March plan for 400 million barrels, risks draining the world's last supply cushion even as JPMorgan calls it largely repackaged barrels.
Oilprice · +14 outlets
Oil falls as Trump rules out Iran strikes before midterms and Mideast flows recover
Crude retreated from $110 on easing Iran supply concerns, though tanker attacks and the Gulf hurricane kept volatility in play.
Oilprice · +14 outlets
US crude output can't resolve America's diesel crisis despite record production
US crude is on track for a record 13.8 million bpd in 2026, but refining and diesel shortages keep fuel prices elevated.
Oilprice · +10 outlets
Ukraine attacks fourth Russian refinery this week and names 20 tankers evading sanctions
Kyiv struck Lukoil's Ukhta plant while identifying ships sustaining Russian oil and LNG exports despite Western sanctions.
Rigzone · +3 outlets
Tanker rates soar to record as oil crisis becomes a shipping crisis
The Iran war reshuffled trade routes and tied up tankers in longer voyages, pushing supertanker rates above $1 million per day in September.
Oilprice · +14 outlets
US rig count hits highest in over two years as oil activity climbs
The total US rig count rose to 603, up 56 year over year, signaling producers responding to elevated crude prices.
Quantum Commodity Intelligence · +14 outlets
Supreme Court climate case could bankrupt oil companies and raise gas prices, experts warn
The case's outcome could impose broad liability on fossil fuel producers over climate damages.
Fox News · +9 outlets
Germany to release 15 million barrels from oil reserves as diesel market scrambles
Germany and Russia are adding diesel supply to a global market that has spent months seeking barrels.
Oilprice · +14 outlets
Crescent Energy buys Devon's Eagle Ford business for $4.2 billion
Devon said the sale of a mature asset into strong commodity prices improves capital efficiency and funds buybacks.
Rigzone · +14 outlets
The Iran war is fueling a boom in clean energy as fossil fuel vulnerabilities mount
The conflict has exposed energy security risks that are accelerating investment in renewables and electric vehicles.
Oilprice · +14 outlets
Hormuz crisis leaves EU gas storage short heading into winter
War-driven disruptions have left European gas inventories thin ahead of the heating season.
Crude Oil Prices Today · +14 outlets
Australia nears final plan to reserve up to a fifth of LNG output for domestic buyers
The contentious gas reservation policy would force LNG producers to divert supply to local customers.
Rigzone · +9 outlets
Pemex needs nearly $110 billion to hit Mexico's oil output targets
Mexico imports two-thirds of its energy despite abundant domestic resources, underscoring Pemex's underinvestment.
Oilprice · +8 outlets
Fed: Refinery outages pushing up gas prices more than cost of crude
AAA reported national gas prices slipping from autumn records while refinery outages pushed pump prices higher than crude costs would suggest.
Santa Clarita Valley Signal · +14 outlets
Saudi Arabia and UAE back plan to bolster Southeast Asian oil reserves
The Gulf producers support a Japanese initiative to shore up regional energy security after war-driven disruptions.
Rigzone
U.S. Oil Drilling Continues to Inch Upward
Oilprice · +1 outlets