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EIA launches energy security data, as Hormuz closure pushes oil to $107
The U.S. Energy Information Administration (EIA) released a new quarterly energy security dataset today. This initiative increases transparency during severe...
EIA launches energy security data, as Hormuz closure pushes oil to $107
The U.S. Energy Information Administration (EIA) released a new quarterly energy security dataset today to increase transparency. This tool tracks global...
OPEC holds 2026 oil demand forecast, despite historic supply crunch
OPEC maintained its 2026 global oil demand growth forecast at 1.38 million barrels per day (bpd). Total global consumption is projected to reach 106.53...
Brent Crude Surges Past $107, as U.S.-Iran Peace Talks Stall
Oil prices rose for a third consecutive session, with Brent crude futures settling above $107 per barrel. President Trump rejected Iran's latest peace proposal...
Kuwait accuses Iran of hostile infiltration, sending oil above $105
Kuwait formally accused Iran of a hostile act today following an armed infiltration by the Islamic Revolutionary Guard Corps (IRGC). The Interior Ministry...
Brent Crude Surges Past $107, Trump Rejects Iran Peace Deal
Brent crude futures rose over 3.2% on Tuesday. Prices reached $107.55 a barrel after President Trump rejected Iran’s latest peace proposal. The dismissal...
US Government loans 53.3M oil barrels to ExxonMobil, targeting market stability
The U.S. government announced a plan to loan 53.3 million barrels of crude oil from the Strategic Petroleum Reserve on May 12, 2026. This initiative involves...
U.S. loans 53.3M oil barrels to Exxon and others, stabilizing markets
The U.S. government announced a plan on May 12, 2026, to loan approximately 53.3 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). Nine...
Brent Crude Nears $105, as Trump Rejects Iran Peace Proposal
Oil prices rose on Tuesday as Brent crude futures climbed toward $105 per barrel. The ceasefire between the United States and Iran appeared near...
U.S. Sanctions Chinese Firms for Iranian Oil, Releasing 53.3 Million Barrels
The U.S. Treasury Department sanctioned 12 entities and individuals for facilitating Iranian oil sales. These sanctions target firms in China for supporting...
EIA Forecasts Record 2026 LNG Exports, Driven by Global Supply Gaps
The U.S. Energy Information Administration (EIA) raised its 2026 liquefied natural gas (LNG) export forecast to a record 17.0 billion cubic feet per day...
Trump Rejects Iran Peace Deal, Sending Oil Above $104
Global oil prices surged on May 11. President Donald Trump rejected Iran’s latest proposal to end a 10-week conflict. The diplomatic impasse prevents the...
Chevron Partners with Syria and Qatar, Launching First Deep-Water Oil Project
Syria secured a partnership with Chevron and Qatar’s UCC Holdings for its first deep-water oil and gas exploration project. The collaboration targets an...
Oil Prices Surge 3%, Trump Rejects Iran Peace Proposal
Oil prices surged on Monday, May 11, after President Trump rejected Iran’s response to a U.S. peace proposal. Trump labeled the response as totally...
Brent crude surges 4.5%, as Trump rejects Iran peace proposal
U.S. President Donald Trump rejected Iran's latest response to a Middle East peace proposal. Brent crude futures surged 4.5% following the announcement....
Constellation Energy Jumps 5% on Q1 Beat, Led by Nuclear Fleet Strength
Constellation Energy (Nasdaq: CEG) reported adjusted operating earnings of $2.74 per share for the first quarter of 2026. Revenue reached $11.12 billion during...
Oil Prices Jump 4% Past $105, US Rejects Iran Peace Proposal
Oil prices jumped more than 4% on Monday. The United States rejected Iran’s response to a peace proposal, reducing hopes for a near-term resolution. Brent...
Aramco Q1 Profit Jumps 25% to $32.5B, Driven by Iran Supply Disruptions
Saudi Aramco reported a $32.5 billion profit for the first quarter, a 25% increase. The state-owned giant attributed the surge to higher crude oil...
Oil Prices Surge, Following Israeli Defence Chief's Strike Warning
Global oil prices surged today after Israel's Defence Chief announced potential fresh military strikes. This escalation increased geopolitical tensions in the...
Saudi Aramco Profit Jumps 26%, Bypassing Hormuz Blockade via Pipeline
Saudi Aramco reported a 26% year-on-year increase in first-quarter net profit. The world's largest oil producer earned $33.6 billion during the period. These...