9/30/2026 7:15:56 PM (Volume: 43 / Issue: 10)
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Tag: oil

Energy, Oil & Gas

Oil at $100 on Red Sea attacks rattles markets, says expert

Oil topping $100 amid Red Sea attacks is rattling markets, affirms the CEO of a top independent financial advisory organisation. Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, while US crude rose to $91.83, up 5.8% after Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea...

Energy, Oil & Gas

Escalating Mideast tensions raise O&G supply risks: IEA

The International Energy Agency (IEA) has warned that escalating conflict in the Middle East is increasing risks to global energy security, with threats to the Strait of Hormuz and Bab el-Mandeb Strait fuelling uncertainty over global oil and natural gas supplies....

Energy, Oil & Gas

Oil tops $90 a barrel as renewed Gulf uncertainty rattles market

Oil prices surged above $90 a barrel on Monday as the escalating military confrontation between the United States and Iran heightened concerns over supplies from the Gulf, with shipping through the Strait of Hormuz remaining severely disrupted following another night of attacks....

Energy, Oil & Gas

Iraq signs US energy partnerships to boost oil, power infrastructure

Iraq has signed energy agreements with US firms including ExxonMobil, KBR and GE Vernova to advance oil and power projects, while progressing a Mediterranean Energy Corridor pipeline initiative with a planned capacity of two million barrels per day. ...

Energy, Oil & Gas

Halliburton wins multi-year Aramco gas development contract

Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme. ...

Energy, Oil & Gas

Oil climbs as Hormuz tensions deepen; Iran threatens to halt Gulf energy exports

Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States' reimposition of a naval blockade on Iranian ports and fresh threats from Iran's Islamic Revolutionary Guard Corps (IRGC) to shut down regional oil and gas exports....

Energy, Oil & Gas

Oil tops $85 as Iran hits tankers, US blockade fuels battle for Hormuz

Oil prices surged on Tuesday, with Brent crude climbing above $85 a barrel for the first time in a month, as Iran's missile strike on two oil tankers and the United States' decision to reinstate a sweeping naval blockade of Iranian ports intensified a confrontation for control of the strategic Strait of Hormuz....

Energy, Oil & Gas

Oil prices surge as US-Iran strikes intensify, raising fears over Hormuz shipping

Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint....

Energy, Oil & Gas

Strait of Hormuz crisis reshapes global oil markets: IEA

Global energy markets faced their worst supply shock after the near-closure of the Strait of Hormuz cut flows from 20 million to 2.7 million barrels per day, driving record price spikes and prompting emergency stock releases and global supply adjustments, according to International Energy Agency (IEA). ...

Energy, Oil & Gas

Oil prices rise as Trump threatens action on Iran

Oil prices surged on Monday after US President Donald Trump threatened renewed military action against Iran and warned that Washington could "take over" the Strait of Hormuz if ongoing negotiations with Tehran fail, reigniting concerns over global energy supplies....

Energy, Oil & Gas

Iraq moves to export oil via Syria as Gulf routes disrupted

Iraq is preparing to expand crude oil and naphtha exports through Syrian ports as it moves to diversify trade routes after the Iran war disrupted its main Gulf shipping channels and effectively closed the Strait of Hormuz....

Energy, Oil & Gas

Opec forecasts 23pc rise in global energy demand by 2050

Opec’s World Oil Outlook 2026 projects global energy demand to rise 23 per cent by 2050, with oil reaching 124 mb/d. It highlights the need for diverse energy sources, expanded access, and sustained investment to balance growth, sustainability and affordability....

Energy, Oil & Gas

Brent heads for weekly loss of 8% despite Friday rebound

Oil prices rose on Friday, but Brent crude remained on track for a weekly loss of nearly 8% amid continued market volatility. Brent crude futures soared to $80.38 a barrel, while US West Texas Intermediate (WTI) crude rose 1.2% to $77.54 a barrel. ...

Energy, Oil & Gas

John Crane develops breakthrough drivetrain analysis method

John Crane has developed a validated drivetrain analysis method improving prediction accuracy for rotating equipment, reducing failure risk, downtime and vibration issues through dynamic modelling, testing and real-world data across oil, gas, LNG and power sectors....

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