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Heatwave, Hormuz Threats and Qatar Blast Push European Gas Prices Higher
Europe’s benchmark natural gas prices rose by nearly 2% on Monday morning in Amsterdam as a heatwave...
Fed hawkishness and stretched valuations offset Iran deal relief, Deutsche Bank says
Despite the interim US-Iran deal and a considerable fall in oil prices, risk assets have barely move...
ECB’s Lagarde: “No evidence yet” of inflation de-anchoring that would warrant stronger ECB action
European Central Bank (ECB) President Christine Lagarde said on Monday that policymakers are not yet...
UK Moves to Ban New North Sea Oil and Gas Licences Permanently
The government will make it illegal to grant new oil and gas licences in the North Sea, the King said at the state opening of Parliament, in a sign ministers are refusing to buckle in the face of a ba ...
India Signs LPG and Strategic Oil Reserves Deal with UAE
India on Friday signed a strategic agreement with the United Arab Emirates to receive liquefied petroleum gas from the UAE, as well as a Memorandum of Understanding (MoU) on strategic petroleum reserv ...
Oil Prices Surge as Hormuz Shutdown Keeps Supply Fears Alive
Crude oil prices rallied hard this week as traders focused on the growing supply threat tied to the U.S.-Iran conflict. July WTI crude oil futures settled Thursday at $97.91, gaining $6.79, or 7.45%, ...
ADNOC to Double Hormuz-Bypass Export Capacity With New Pipeline in 2027
The Abu Dhabi national oil company ADNOC plans to have a new pipeline operational in 2027 that would double its oil export capacity through Fujairah, which sits outside the Strait of Hormuz. ADNOC pla ...
Netanyahu’s Coalition Fractures as Israel Edges Toward Early Elections
Politics, Geopolitics & Conflict Thursday was the first day of the Trump-Xi summit, which most of the world is awaiting with bated breath as some indication of a Chinese-supported end to the U.S.-Iran ...
The Tiny Island Caught Between Iran, Iraq, China and the U.S.
Gulf shipping, Iraqi trade access, Chinese infrastructure expansion, and US-Iran military escalation are now concentrated around a new, narrow stretch of water near Kuwait’s Bubiyan Island, which is t ...
Australia Rules Out LNG Export Curbs as East Coast Gas Supply Fears Ease
Australia will not be imposing controls on exports of natural gas during the third quarter of 2026, as industry and experts have assured the government that the most vulnerable east coast will not see ...
Commonwealth LNG Approves $13 Billion Louisiana Export Project
Developers of the Commonwealth LNG project have taken the final investment decision to build the $13-billion U.S. export plant in Louisiana, underpinned by investments from Kimmeridge, Abu Dhabi-based ...
Canada’s LNG Ambitions Grow as British Columbia Warms to Gas Exports
The British Columbia government is eager to see the LNG Canada project expand to Phase 2 as soon as possible, in a marked departure from earlier political sentiment towards hydrocarbons that were stro ...
India Raises Fuel Prices for the First Time in Four Years
Indian state refiners raised their retail prices for gasoline and diesel by the equivalent of $0.031 per liter in response to tighter crude oil availability. This is the first fuel price hike in India ...
Brent Heads for 6% Weekly Gain as Trump Loses Patience With Iran
Brent crude was set for a 6% weekly gain as President Donald Trump said his patience with Iran was running out, despite Iran saying 30 vessels had recently cleared the Strait of Hormuz. “I am not goin ...
Mexico's President Announces the Resignation of Pemex CEO Victor Rodríguez
Mexican President Claudia Sheinbaum announced on Thursday that Pemex CEO Víctor Rodríguez is stepping down, naming the state oil company’s chief financial officer, Juan Carlos Carpio, as his replaceme ...