Energy, Oil & Gas

Houthis warned of 'major military punishment' as Red Sea attacks send oil above $100

US President Donald Trump has threatened "major military punishment" against Iran and Yemen's Houthi movement after two Saudi oil tankers were attacked in the Red Sea, as fears of a widening threat to global shipping pushed oil prices above $100 a barrel for the first time since May....

Energy, Oil & Gas

Oil tops $92 as US strikes on Iran continue, Houthi threat disrupts Red Sea shipping

Oil prices climbed for a second straight session on Wednesday, with Brent crude rising above $92 a barrel, as investors weighed the risk of widening supply disruptions from the escalating Middle East conflict....

Energy, Oil & Gas

Oil settles lower as Hormuz shipping hopes ease supply fears

Oil prices settled lower on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices finished with sharp weekly gains. Brent crude futures fell by 29 cents to close at $76.01 a barrel. ...

Energy, Oil & Gas

OPEC chief says global oil demand will remain robust this year

Despite ongoing disruption to oil flows through the Strait of Hormuz and continued uncertainty surrounding the conflict involving Iran, OPEC has maintained its forecast for global oil demand growth, citing no evidence of a slowdown in consumption....

Energy, Oil & Gas

Adnoc Gas reports resilient Q1 net income of $1.1bn

ADNOC Gas reported $1.1 billion net income in Q1 2026, demonstrating strong operational and financial performance despite regional uncertainty, energy-sector disruption, and maritime challenges affecting movements through the Strait of Hormuz....

Energy, Oil & Gas

India-bound tanker with Saudi oil sails through Hormuz, says report

A Greek-operated oil tanker has sailed through the Strait of Hormuz with a 1 million barrels cargo of Saudi Arabian crude and its destination listed ​as India, reported Reuters citing the data from ship tracking platforms Kpler and Lloyd's List Intelligence. ...

Energy, Oil & Gas

Insurers likely to re-examine covers in Middle East, says IUMI

Shipping insurers are likely to re-examine their ability and willingness to provide cover due to the present situation around the Arabian Gulf, International Union of Marine Insurance (IUMI) has said. ...

Energy, Oil & Gas

Tanker attacks escalate in Gulf as US-Iran conflict intensifies

Attacks on commercial shipping in the Gulf intensified on Thursday as the war between the US and Iran escalated, raising concerns about disruptions to energy supplies from one of the world’s most critical oil transit routes. Nine vessels have come under attack since the conflict broke out on Saturday. ...

Energy, Oil & Gas

Oil tanker passes through Strait of Hormuz to UAE port

An oil tanker sailed through the Strait of Hormuz on Tuesday, heading to a United Arab Emirates port to load crude in a rare voyage since the Iran war severely disrupted shipping in the Middle East, according to industry sources and ship-tracking data quoted by Reuters....

Energy, Oil & Gas

Iran says Strait of Hormuz is 'closed', warns ships will be set ablaze

Iran’s Revolutionary Guard Corps (IRGC) declared that the Strait of Hormuz was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.”...

Energy, Oil & Gas

Bahri, Hadeed in talks on maritime transport collaboration

Saudi national shipper Bahri has entered into an agreement with Saudi Iron & Steel (Hadeed) to explore potential co-operation in maritime transport sector to meet Hadeed’s operational and technical needs. The plan includes potential development and construction of new vessels tailored to Hadeed’s transport needs. ...

Energy, Oil & Gas

Nakilat's Q3 net profit surges 3pc to $355m

Qatar Gas Transport Company (Nakilat) has announced a net profit of QAR1.31 billion ($355 million) for the third quarter, up 3% over last year, thus underscoring its strong operational resilience in a dynamic global LNG shipping environment. ...