Europe rolls out relief and rethinks its energy strategy
April 13, 2026
In response to soaring fuel costs, Germany’s ruling coalition unveiled a €1.6 billion relief package that cuts energy taxes on petrol and
World
Oil shock: Hormuz blockade exposes fragility of energy security
April 13, 2026
The US has announced a naval blockade of Iranian ports, a move that could remove up to two million barrels per day
US loans 30 million barrels from the Strategic Petroleum Reserve
April 10, 2026
DOE will loan up to 30 million barrels of crude from the West Hackberry SPR site, marking the third solicitation since fuel
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
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
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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