6/1/2026 9:49:02 AM (Volume: 43 / Issue: 6)
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Tag: Oil

Energy, Oil & Gas

Aramco cuts oil supply to Asia for second month in April

Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month ‌in April, two sources with knowledge of the matter said, after the US-Israeli war with Iran disrupted trade via the Strait of Hormuz....

Energy, Oil & Gas

Japan to start releasing state oil reserves tomorrow

Japan will begin releasing oil from state reserves on March 26, 2026, Prime Minister Sanae Takaichi said, following a similar move last week, aiming to ensure adequate nationwide petroleum supply and stabilize energy availability....

Energy, Oil & Gas

Oil soars to $119 as several key Mideast energy facilities hit

Benchmark Brent oil prices jumped above $119 a barrel on Thursday after ‌Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war. Meanwhile, Middle East benchmark ​Dubai and Oman premiums hit all-time highs at about $65 per barrel, according to trade sources and Reuters data. ...

Energy, Oil & Gas

IEA could release more oil stocks if needed: Agency Chief

The International Energy Agency's (IEA) ‌member countries could release more oil into the market from strategic stockpiles "as and if needed" after they agreed the largest-ever reserves release last week to offset shortages and a spike in prices, its executive director said....

Energy, Oil & Gas

Oil recovers losses, up 2.7% at $102.95

Oil prices rebounded on Tuesday, recovering part of the previous session’s losses as renewed supply concerns around the Strait of Hormuz lifted sentiment in global energy markets. ...

Energy, Oil & Gas

Oil rises as Trump urges nations to help reopen Hormuz

Oil prices rose on Monday as investors weighed renewed geopolitical risk despite US President Donald Trump urging other countries to join efforts to secure the Strait of Hormuz, while Iran said the strategic waterway remained open only to countries that are not directly involved in attacks against it....

Energy, Oil & Gas

US waives sanctions on Russian oil at sea as supply disruptions continue

The United States has temporarily eased sanctions on Russian oil by allowing countries to purchase cargoes already stranded at sea, as Washington seeks to contain a fresh surge in crude prices triggered by Middle East supply disruptions and fears over restricted energy flows through the Gulf. ...

Energy, Oil & Gas

Oil crosses $100 again after attacks on vessels

Oil prices jumped on Thursday as Iran ‌stepped up attacks on oil and transport facilities across the Middle East, raising fears of prolonged disruptions at the Strait of Hormuz....

Energy, Oil & Gas

Aramco reports strong 2025 results with $104.7bn net income

Aramco reported strong 2025 results with adjusted net income of $104.7 billion, including $25.1 billion in Q4. Operating cash flow reached $136.2 billion for the year and $40.8 billion in Q4, with free cash flow of $85.4 billion....

Energy, Oil & Gas

Bapco Energies declares force majeure

Bapco Energies, Bahrain’s integrated energy company, hereby serves notice of force majeure on its group operations which have been affected by the on-going regional conflict in the Middle East and the recent attack on its refinery complex. ...

Energy, Oil & Gas

Oil prices soar 30% to $119 a barrel as ​producers cut supplies

Oil prices surged nearly 30% to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major ​producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran....

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