IEA cuts its 2026 oil supply forecast again, citing the Hormuz shutdown and a Q3 deficit it calls the worst in nearly five years.

The Ukrainian forces have reportedly suspended drone attacks on oil tankers at the port of Novorossiysk following a request by U.S. Vice-President JD Vance, the Financial Times wrote today, citing ...

Khamenei’s latest appointments formalize command arrangements that had largely operated on an interim basis after senior Iranian commanders were killed. Ali Abdollahi’s elevation may signal further ...

Indian state-controlled oil refiners continue to search the market for spot crude supply as term deliveries are constrained by the ongoing crisis in the Middle East and its key oil chokepoint, the ...

Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, U.S. Secretary of Energy Chris Wright said on Tuesday in a claim that appears not to be backed by ...

Brent crude climbed above $89 per barrel as traders continued to price in disruption risks around the Strait of Hormuz. Iran says Hormuz will remain closed unless Washington meets its conditions, ...

Repeated drone strikes on Libya’s Zawiya energy complex are threatening refinery operations, power supplies and potentially oil exports.

The number of ships that have transited the Strait of Hormuz dropped to a week-low on Tuesday, according to shipping data, as vessel owners continue to avoid the key chokepoint in the Middle East.

The UK could see a power supply margin shortfall during the solar eclipse on Wednesday amid high demand in the new heatwave that is sweeping through Britain and the rest of Europe this week. There is ...

Russia has begun importing gasoline from India as Ukrainian drone attacks and reduced refinery runs tighten its domestic fuel market.

German utility E.ON reported slightly higher first-half earnings on Wednesday and maintained its full-year outlook as continued investment in European electricity networks helped offset weaker results ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 9.072 million barrels in the week ending August 7, compared to analyst expectations for a 500,0 ...