IEA executive director Fatih Birol has warned that global energy security will deteriorate unless flows through the Strait of Hormuz recover
Canada, Alberta and five major oil sands producers have signed a non-binding agreement targeting 6mn tonnes a year of carbon capture
OPEC has reduced its 2026 demand growth forecast by 190,000 bpd to 780,000 bpd. The IEA and US Energy Information Administration
European jet fuel inventories provide less than 30 days of demand cover, the tightest position among the major consuming regions. Britain
A Qatari LNG tanker, the Al Rekayyat, and a Saudi‑flagged crude supertanker have been hit by projectiles near the Strait of Hormuz,
Saudi Arabia is reportedly in preliminary talks with Kuwait, Bahrain and Qatar about expanding capacity of the East-West crude pipeline by
OPEC+ agreed on 5 July 2026 to raise collective output targets by 188,000 barrels per day (bpd) from August, marking the fifth consecutive
Ukraine struck the St Petersburg Oil Terminal during a major drone attack on Friday, according to Russian regional authorities. The raid
UBS, Morgan Stanley and other banks have slashed oil price forecasts, citing faster‑than‑expected resumption of Gulf exports. UBS cut its third
Genel Energy will acquire Capricorn Energy for $360 million, paying $4.74 per share comprising $3.75 in cash and a $0.99 special
