Industry News

Two Chinese-linked supertankers U-turned in the strait as risks to shipping remain elevated, with prospects for a normalization of traffic dimming after President Donald Trump took a hard line on Iran.

A Greek-run oil tanker was attacked in the Black Sea after loading a Russian-origin cargo.

Crude gained as Hormuz tensions, tanker threats and tight fuel markets supported prices.

'Equinor and Invenergy will together explore additional collaboration opportunities that leverage Invenergy's long-standing operating capabilities and position in the existing PJM power market'.

North America added eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Energy stocks are closing in on record levels reached earlier this year.

ExxonMobil and its Area 4 partners issued around $1.1 billion in engineering, procurement and manufacturing contracts for the pre-FID 18.6-MMtpa Rovuma LNG project in Cabo Delgado.

Kazakhstan's state-owned KazMunayGas reported around $1.96 billion in net income for the first six months of 2026, up 69.1 percent from the first half of 2025 as higher oil prices offset lower production.

Rystad says Russia's crude production has entered 'a new era of constraint'.

Chevron and its partners are considering a tieback.

Will oil prices keep rising as Iran tensions threaten global crude supply?

Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.

The prospects for peace in the Middle East suffered a fresh setback.

Crude futures gained as geopolitical risks remained elevated across the Middle East.

The Lake Erie-Canada Corridor, Southwestern Grid Connector Corridor and Tribal Energy Access Corridor have been withdrawn.

Shares in Vista Energy SAB, Argentina's top oil exporter, jumped in New York on Monday.

Power constraints are becoming a real brake on robotic adoption, said Robert Liew, Director, Integrated Energy Research, at Wood Mackenzie.

Ole Hansen, Saxo Bank's Head of Commodity Strategy, highlighted that the monthly oil market reports from the EIA, IEA, and OPEC 'continue to highlight a massive divergence'.

'Our commercial strategy is recalibrated around what we believe today's power customers are actually prioritizing: speed-to-power, reliability and scale'.

Bjarne Schieldrop, Chief Commodities Analyst at SEB, explains why Brent hasn't rallied to $150 per barrel or higher.