IEA agrees to accelerate release of remaining 100 million barrels, with total release to exceed 400 million
The IEA's move, pushed by Washington, adds more than 20 million barrels of diesel and follows a March intervention, aiming to cool fuel prices amid Middle East
Rigzone · +14 outlets
Oil heads for weekly gain as Hormuz tanker attacks and Mideast supply risks persist
Iranian strikes on vessels in the Strait of Hormuz kept a risk premium on crude even as the IEA stock release and easing supply signals capped gains.
Oilprice · +14 outlets
EIA reports US crude inventories fell 8.6 million barrels, far more than expected, on hurricane shut-ins
The large draw, alongside a distillate decline, tightened the US market and supported crude prices during the week.
EnergyNow.com · +14 outlets
Diesel crunch and record prices expected to persist well into 2027
Rising crude flows through Hormuz are not resolving the diesel shortage that is feeding into broader inflation.
Oilprice · +14 outlets
Europe's gas prices near 2022 highs as Hormuz LNG flows stay limited
Choked LNG flows through Hormuz are pressuring European benchmarks and raising the risk of winter shortages in Pakistan.
Crude Oil Prices Today · +14 outlets
Aramco CEO warns global oil squeeze is serious as shortages threaten supply
Aramco's Amin Nasser said the crude market is severely tight, underscoring supply fragility as buyers seek extra barrels.
Rigzone · +9 outlets
South Korea turns back to coal as LNG crisis deepens on lost Middle East supply
Soaring spot LNG prices have pushed Seoul to lean on coal-fired generation this winter despite its fossil fuel transition pledge.
Oilprice · +2 outlets
Trump condemns Ukraine's strikes on Russian refineries as a disgrace, warning of higher prices
Trump's comments followed a Ukrainian attack on Rosneft's Ryazan facility, while Standard Chartered said easing Russian diesel restrictions would not add new su
Oilprice · +14 outlets
Global fuel oil shortage deepens as Middle East and Russian supplies collapse
Shrinking high-sulfur fuel oil exports and firm shipping demand point to more supply pain, with ARA inventories rising in October.
Oilprice · +14 outlets
Trump rules out strike on Iran, easing oil prices; Mideast risk premium lingers
Prices pulled back on the prospect of no US strike and potential sanctions relief, though supply risks kept a floor under the market.
Mexico Business News · +14 outlets
India nearly halves diesel export duty while raising gasoline levy fivefold
The two-week measure aims to boost diesel supply to the international market amid a global fuel crunch.
Oilprice · +5 outlets
China's ample gas stockpiles ease winter supply concerns as buyers stocked up early
China, the top LNG importer, built inventories ahead of winter amid the Iran war, reducing the risk of a supply crunch.
Oilprice · +3 outlets
EPA plans rollback of oil and gas methane rules
The proposed rollback would loosen emissions requirements on the sector, drawing scrutiny from environmental regulators and advocates.
EHSLeaders · +14 outlets
Germany's upper house approves further release of oil stocks under G7 agreement
The vote clears Germany to contribute additional barrels to the coordinated emergency release.
Newsquawk · +1 outlets
US national gas price average holds above $4 a gallon as crude stays high
AAA reported pump prices barely budging, with the national average around $4.33, as crude oil remained elevated.
WRNJ Radio · +12 outlets
PetroChina trading arm set for record $3 billion profit as Iran war lifts crude
The state giant's trading unit benefited from the Middle East crisis driving crude prices and rattling fuel trade flows.
Oilprice · +3 outlets
Trump administration to use Cold War era law to expand Texas refinery with Delek
Vice President JD Vance announced the plan to expand a Delek US refinery, part of a push to add domestic fuel capacity.
Rigzone
US lobbies World Bank to drop ban on upstream oil and gas funding
The push marks a shift in US policy on multilateral energy finance as Washington seeks to expand fossil fuel investment.
Crude Oil Prices Today · +1 outlets