Middle East producers plan exports but blockade continues
April 10, 2026
Producers ask customers to nominate cargoes – Saudi Aramco, Kuwait Petroleum Corp (KPC) and Iraq’s SOMO have asked Asian refiners to
Markets
Goldman Sachs trims oil price forecasts but cautions supply risks remain
April 9, 2026
Goldman Sachs lowered its Q2 2026 Brent and WTI forecasts to $90 and $87 per barrel respectively, from $99/$91. The bank notes that
Israeli gas restart lifts supply prospects amid uncertainty
April 9, 2026
Israel’s energy ministry has instructed Energean to restart the Karish offshore gas platform, closed since 28 February. The resumption follows a US-Iran
UK to insist Hormuz remains toll‑free and call for Lebanon’s inclusion in ceasefire
April 9, 2026
In a major speech, foreign secretary Yvette Cooper will argue that no tolls should be levied on ships transiting the Strait
Crumbling ceasefire drives oil back toward $100 and shakes markets
April 9, 2026
A fragile two‑week ceasefire in the Iran war is already showing cracks, pushing Brent back toward $100 and knocking European and
Tehran’s proposed Hormuz toll: An existential challenge for global energy
April 9, 2026
Reports suggest Iran wants to levy up to $2 million per vessel for ships transiting the Strait of Hormuz. The mere threat of
Oil prices and energy stocks tumble as markets react to US-Iran truce
April 8, 2026
Prices drop sharply: Following the ceasefire announcement, Brent crude fell about 13.8% to the mid‑$90s per barrel while US WTI futures
Shell warns of lower gas output after Qatar disruption
April 8, 2026
Production guidance cut: Shell expects Q1 integrated gas production of 880-900 thousand barrels of oil equivalent per day, down from 920-980
US-Iran ceasefire: Fragile ceasefire leaves energy markets in limbo
April 8, 2026
A two‑week ceasefire between the US and Iran has freed some oil cargoes but offers limited relief. Roughly 130 million barrels of
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