Oil

The EIA reports an unexpected rise of 6.2 million barrels in commercial crude oil reserves for the week ending March 13, defying expectations for a 1.5 million barrel decline.

Hungarian Prime Minister Viktor Orban is conditioning Hungary's support for the EU's €90 billion loan to Ukraine on the restoration of Russian oil shipments via the Druzhba pipelin

A drone struck the Samref refinery, jointly owned by Aramco and ExxonMobil, in the Yanbu industrial zone on the Red Sea. Saudi Arabia's Defense Ministry said damage assessment is o

TotalEnergies has restarted oil production from the Mabruk field in Libya, with a new 25,000 barrel-per-day unit commissioned on February 28, 2026. The group targets 3% annual prod

WTI and Brent crude prices declined sharply on Monday, driven by announced availability of additional strategic reserves and improved shipping through the Strait of Hormuz.

Rising oil and gas prices from the Middle East conflict are deepening mobility hardship for 15 million French people. Climate Action Network demands targeted aid and faster energy

Amid exceptional volatility in oil markets following the outbreak of conflict in the Gulf, TotalEnergies is capping petrol at €1.99/L and diesel at €2.09/L at its French service st

Amid Middle East crisis, France coordinated the G7-backed release of 400 million barrels from strategic petroleum reserves. Fuel distributors committed to price reductions of 10 to

TotalEnergies announces the start of production at Quiluma offshore gas field in Angola. The first non-associated gas project in the country, this field will supply Angola LNG plan

The European Union proposed technical and financial assistance to Ukraine to repair the Droujba pipeline, damaged on January 27. Hungary made the payment of a 90 billion-euro Europ

European Union foreign ministers rejected on Monday any modification to the Aspides naval mission mandate deployed in the Red Sea, refusing to extend it to the Strait of Hormuz des

Cuba faces its sixth nationwide blackout since October 2024. The two-month halt in Venezuelan oil deliveries, combined with strengthened U.S. sanctions, has worsened an energy cris

Crude prices fell after the International Energy Agency announced the release of 400 million barrels from strategic reserves. Partial resumption of oil traffic through the Strait o

Donald Trump has requested a one-month postponement of his state visit to China, initially scheduled for late March, citing the ongoing Middle East war. The Strait of Hormuz, locke

Iraq is attempting to reroute up to 250,000 barrels daily through Turkey by rehabilitating the Kirkuk-Ceyhan pipeline, after Middle East hostilities halted its oil exports.