Net Crude Supply Loss is 9 Million Bpd Despite Surge in Atlantic Exports: Vortexa
The Strait of Hormuz blockade has removed roughly 9 million barrels per day of crude supply from the…
The Oil Supply Shock Will Scar the World for Years
The Middle East’s oil production and the global economy will take months and even years to recover from…
Europe Emerges As Key Buyer Of U.S. Strategic Petroleum Reserve Oil
Last month, the International Energy Agency (IEA) announced the coordinated release of over 400 million barrels of oil…
US indicated it would not ease Russian oil sanctions again, EU’s Sefcovic says
WASHINGTON: European Trade Commissioner Maros Sefcovic on Friday said he raised concerns about the recent U.S. easing of…
California’s jet fuel stockpile hits two-year low as war strangles oil supplies
As the war in Iran strangles the flow of oil around the globe, California’s jet fuel reservoirs are…
EU toolbox to curb energy prices, support for all 27 member states, KNEWS
Brussels is preparing action on four fronts, working closely with Berlin and Paris, with the goal of keeping…
Slovakia’s Stance on EU Sanctions Amid Druzhba Pipeline Dispute
In a significant diplomatic move, Slovakia has announced its intent to block the European Union’s new set…
Norway Risks Leaving 700 million Barrels Behind as Time Runs Out
Norway could unlock volumes comparable to the Johan Sverdrup field from its existing oil and gas assets—but only…
U.S. Is Most Resilient to the Energy Shock, Until It Isn’t
The seven-week-long war in Iran has shown that the regions are not equally hurt by the worst oil…
Oil Pulls Back as IEA Cuts Demand Outlook
Oil prices have dipped below $100 as weaker demand outlooks and a pause in U.S.–Iran tensions shift market…
Oil Ignores Escalation, Logs Biggest Weekly Drop Since 2025
Despite the ongoing escalation in the Middle East, crude heads for its biggest weekly loss in months. Friday,…
Standard Chartered: Oil Price Correction Is Likely Overdone
Oil prices have declined by the biggest margin since the Iran war began in late February, with Brent…