OPEC cuts oil demand growth again, widening its split with IEA
July 14, 2026
OPEC has reduced its 2026 demand growth forecast by 190,000 bpd to 780,000 bpd. The IEA and US Energy Information Administration
Markets
US-Iran flare-up reignites Hormuz shipping crisis, raises risk premium
July 9, 2026
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 considers Red Sea pipeline expansion amid Hormuz disruption
July 8, 2026
Saudi Arabia is reportedly in preliminary talks with Kuwait, Bahrain and Qatar about expanding capacity of the East-West crude pipeline by
Shell reports stronger gas trading as Middle East disruption cuts Q2 output
July 7, 2026
Shell has raised its Q2 production guidance for integrated gas, LNG and upstream, while forecasting significantly stronger gas trading earnings than
OPEC+ raises output as Saudi Arabia slashes prices
July 6, 2026
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 hits St Petersburg oil terminal as drone campaign targets Russia’s export network
July 6, 2026
Ukraine struck the St Petersburg Oil Terminal during a major drone attack on Friday, according to Russian regional authorities. The raid
Oil prices slump as banks lower forecasts and Hormuz flows recover
July 3, 2026
UBS, Morgan Stanley and other banks have slashed oil price forecasts, citing faster‑than‑expected resumption of Gulf exports. UBS cut its third
The global energy landscape is diverging – Energy Institute
July 3, 2026
The Energy Institute’s Statistical Review of World Energy reveals that China produced 73% more total energy and 222% more electricity than
JERA launches Singapore hub to integrate LNG and low-carbon fuels
July 1, 2026
Japanese utility JERA has created JERA Global Energy Solutions (GES) in Singapore to consolidate strategy, procurement and investments across its liquefied
Oil prices slide as US-Iran talks cool ‘war premium’
July 1, 2026
Brent crude fell to around $73/barrel and US WTI to about $69 per barrel on Monday, marking their steepest quarterly decline
Recent News
