Oil tops $110 as Middle East war keeps supply tight, Brent hits highest since May
Escalating Middle East tensions and Iranian attacks on tankers have pushed crude to its highest level since May, tightening an already constrained global market
Rigzone · +15 outlets
Trump waives Russia oil sanctions and tariffs weeks before midterms
The administration eased sanctions on Russian oil and gas and dropped tariff threats on its biggest buyers as diesel prices and midterm politics weigh on the Wh
Egypt Oil & Gas · +14 outlets
Wall Street tumbles as $110 oil shock collides with AI stock selloff
Tech stocks erased roughly $1 trillion in value while surging crude rattled investors, driving the major indexes sharply lower.
Bloomberg.com · +11 outlets
Europe braces for winter energy crisis as gas reserves run low
European gas prices are near 2022 highs and costs are expected to keep rising through winter as Mideast LNG supply lags and storage draws down.
Oilprice · +14 outlets
IEA accelerates emergency oil releases as Hormuz crisis drags on
The International Energy Agency is speeding up completion of a 100 million barrel release agreed in March to ease a tight market.
Rigzone · +2 outlets
Alberta votes on first step toward leaving Canada
Alberta, home to the world's fourth-largest oil reserves, holds a referendum as Prime Minister Carney urges voters to reject separatism.
Rigzone · +6 outlets
U.S. offers another 17 million SPR barrels as fuel crisis deepens
Washington is releasing more crude from the Strategic Petroleum Reserve a day after the IEA pushed faster emergency stock releases.
Oilprice · +6 outlets
U.S. pushes World Bank to scrap oil and gas funding curbs
Treasury Secretary Bessent is urging the World Bank to lift its ban on upstream oil and gas financing in a major energy policy shift.
The Times of India · +2 outlets
U.S. crude inventories post large weekly draw, far above forecasts
Commercial crude stocks fell roughly 9 million barrels week over week, underscoring how tight the market has become.
IndexBox · +14 outlets
U.S. floats allowing more Russian gas sales to Europe
Washington is weighing a lifeline that would let Russia sell more gas to Europe, a shift tied to easing sanctions pressure.
The New York Times · +13 outlets
Zelenskiy calls Trump's Russia sanctions waiver 'wrong'
Ukraine's president criticized the U.S. easing of oil sanctions on Russia, saying it undercuts pressure on Moscow.
Reuters · +14 outlets
ExxonMobil refining profits set to jump $4.5 billion as margins surge
High crude and product prices are lifting ExxonMobil's refining earnings, highlighting a shift in where energy profitability sits.
The Globe and Mail · +14 outlets
Global gas crunch makes Europe's remaining coal plants profitable
Soaring gas costs have revived coal-fired generation economics in Germany and Poland, while high wholesale power prices push German retail startups to exit.
Oilprice · +14 outlets
Diesel prices stay high despite global efforts to boost supply
Diesel and refined product prices remain elevated even as governments move to release reserves and ease sanctions, with low stocks a key driver.
WSJ · +14 outlets
Goldman sees oil easing to $80 in 2027 as Middle East supply recovers
The bank projects crude prices falling next year as disrupted Middle East supply comes back online.
The Economic Times · +14 outlets
Germany's upper house approves further oil stock release under G7 pact
Germany's Bundesrat cleared additional releases from national oil reserves as part of coordinated G7 efforts to calm markets.
Newsquawk · +3 outlets
U.S. oil drillers hold back even as prices soar
The U.S. rig count stayed at 603 as producers restrained spending despite elevated crude prices, with gas activity rising.
Oilprice
Bolivia's energy crisis deepens as natural gas reserves run dry
Years of underinvestment have left Bolivia facing severe fuel shortages as global energy prices rise.
Oilprice · +1 outlets