Industry & Analysis
News
March 09, 2026
Oil prices plunged after U.S. President Donald Trump suggested the Iran conflict could be nearing an end, reversing earlier gains that pushed crude above $100 amid disruptions to shipping through the Strait of Hormuz.
News
March 09, 2026
S&P Global warns the Iran conflict is evolving from a shipping disruption into a full-scale supply crisis, with roughly 17 MMbpd of oil and products affected as the Strait of Hormuz remains effectively shut.
News
March 09, 2026
G-7 finance ministers said they are prepared to release strategic oil reserves if needed to stabilize global energy markets as the Middle East conflict threatens supply and key shipping routes.
News
March 09, 2026
Saudi Arabia has begun cutting oil production as the Strait of Hormuz disruption stalls exports, forcing the kingdom to divert shipments to Red Sea terminals while storage capacity tightens across Gulf producers.
News
March 09, 2026
Oil prices surged above $100 a barrel as Saudi Arabia and other Gulf producers cut output amid the near-closure of the Strait of Hormuz, with tanker traffic halted and storage tanks filling across the Persian Gulf.
News
March 08, 2026
Shipping through the Strait of Hormuz remains near a standstill, with vessel-tracking data showing only Iran-linked ships transiting the vital oil chokepoint as conflict disrupts tanker traffic.
News
March 08, 2026
U.S. Energy Secretary Chris Wright said the recent surge in oil prices reflects a temporary “fear premium” driven by the Iran conflict and disruptions to shipping through the Strait of Hormuz.
News
March 08, 2026
Saudi Aramco shares rose sharply as oil prices surged above $90 amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, tightening global crude supply.
News
March 06, 2026
WTI crude climbed above $90 per barrel for the first time since 2023 as the Iran conflict disrupts shipping through the Strait of Hormuz, tightening global oil supply and driving a sharp market rally.
News
March 06, 2026
Angola says rising oil prices are positive for government revenues but warns the rally driven by Middle East tensions may be temporary and could increase the country’s import costs.
News
March 06, 2026
Petrobras reported net income of $19.6 billion in 2025 as oil and gas production increased 11% to nearly 3 MMboed, supported by new FPSOs in Brazil’s Búzios and Mero fields.
News
March 05, 2026
The Independent Petroleum Association of America welcomed the Interior Department’s move to roll back the offshore financial assurance rule, saying the regulation would have imposed billions in additional costs on independent offshore oil and gas producers.
News
March 05, 2026
WTI crude rose above $81 per barrel, the highest in 20 months, as the escalating Iran conflict disrupts shipping through the Strait of Hormuz and raises fears of prolonged global oil supply shortages.
News
March 05, 2026
Fuel shortages and price spikes are spreading across Asia as disruptions in the Strait of Hormuz halt Middle East oil shipments, forcing refiners and governments to restrict fuel exports and consider strategic stockpile releases.
News
March 05, 2026
ADNOC CEO Sultan Al Jaber met with Japan Prime Minister Sanae Takaichi to discuss energy security as tensions in the Strait of Hormuz threaten oil and LNG flows to Asian markets.
News
March 04, 2026
Oil prices continued rising as the escalating Iran conflict threatens tanker traffic in the Strait of Hormuz. Analysts warn shipping disruptions, refinery damage and tighter diesel supplies could intensify volatility across global oil and gas markets.
News
March 04, 2026
The UK government has postponed plans to scrap the North Sea Energy Profits Levy after oil prices surged amid the Iran conflict, leaving producers facing the 78% tax regime for longer than expected.
News
March 04, 2026
North Sea operators are urging the UK government to replace the Energy Profits Levy with a new fiscal framework, saying tax reform could unlock up to £50 billion in investment and strengthen domestic oil and gas production.
News
March 04, 2026
Crude storage tanks across the Middle East are rapidly filling as exports through the Strait of Hormuz remain blocked, raising the risk that major producers may be forced to cut output if shipments do not resume soon.
News
March 03, 2026
The U.S. plans to insure and escort oil tankers through the Strait of Hormuz as the conflict with Iran disrupts shipping in one of the world’s most critical energy chokepoints, through which roughly one-fifth of global oil supplies normally transit.
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March 19, 2026
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