IEA warns global diesel shortage could persist into 2027 as inventories drain
The International Energy Agency says the world is drawing on thin middle distillate stocks that may not be replenished until 2027, lifting refining margins shar
Reuters · +14 outlets
Inflation climbs to 3.7% as gas and diesel prices squeeze consumers
Energy-driven price pressure ahead of the midterms adds to expectations the Federal Reserve may keep rates higher for longer.
NBC News · +13 outlets
Strait of Hormuz: container ship sinks as Iran escalates maritime attacks
All 21 crew were evacuated before the Singapore-flagged vessel sank, intensifying shipping risk through the world's key oil chokepoint.
Oilprice · +13 outlets
Oil prices slide as U.S. weighs easing sanctions on shadow fleet tankers
Reports that Washington may lift sanctions on tankers carrying Venezuelan, Russian and Iranian oil eased supply fears that had pushed crude above $100.
Oilprice · +14 outlets
IEA meets on scale and timing of oil stock releases as Europe weighs diesel move
Members are debating how quickly to release emergency inventories to cool diesel and crude markets.
The Globe and Mail · +13 outlets
U.S. crude inventories fell 11.12 million barrels last week, API estimates
The large surprise draw from the American Petroleum Institute points to continued market tightness as fuel markets squeeze consumers.
Oilprice · +14 outlets
TotalEnergies flags quarterly profit surge on soaring refining margins, LNG
The French supermajor said Middle East conflict-driven refining margins and LNG prices will lift third-quarter results.
Oilprice · +8 outlets
Ukraine to resume drone strikes on Russian refineries after energy ceasefire fails
Zelenskyy said strikes will restart after Russia continued attacking Ukrainian energy infrastructure.
Oilprice · +14 outlets
Bessent urges World Bank to reverse ban on upstream oil and gas financing
The U.S. Treasury Secretary called for profound World Bank reforms including resumed upstream fossil fuel lending.
Oilprice · +4 outlets
Brent crude tops $100 as Iran war sends fuel prices surging
Crude above $100, with analysts not ruling out $200, keeps refining margins and pump prices elevated.
JournalArta · +13 outlets
U.S. invokes Cold War-era law to expand Texas refinery as diesel tops $6
The Trump administration is using a 1950 authority with Delek U.S. Holdings to boost fuel output as it runs short of options to lower prices.
Rigzone · +11 outlets
Trump touts 'massive' oil, gas and mineral exploration in Greenland
Greenland-linked stocks rallied on the claim while Denmark pushed back on the prospect of large-scale drilling.
Rigzone · +14 outlets
IMF warns of worldwide fallout as Houthi attacks on Saudi Arabia escalate
Managing Director Georgieva said strikes on Saudi infrastructure could damage the global economy; Gulf stocks slipped on shipping fears.
Oilprice · +14 outlets
Russia's oil and gas revenue seen up 10% year on year in October to $12B
Higher prices lift Moscow's energy receipts even as Ukrainian strikes and sanctions pressure its budget.
Reuters · +13 outlets
Brookfield, NextEra to build $100B AI hub on Cold War nuclear site
The Energy Department announced the Paducah American Energy Hub, one of the largest private energy investments tied to AI demand.
Oilprice · +9 outlets
Trump announces Alaska LNG deal worth $70B to $80B with Taiwan
Taiwan said it plans to buy Alaska liquefied natural gas over two decades, deepening Asian energy ties with the U.S.
Oilprice · +6 outlets
Aramco CEO warns global oil inventories could take two years to recover
The warning underscores how thin spare supply and stockpiles have become after months of disruption.
The Media Line
OPEC raises 2027 oil demand view, citing need to rebuild inventories
The group's outlook adds to signals of a tighter market as inventories drain.
ASHARQ AL-AWSAT English · +2 outlets