Market-moving news and intelligence across global energy markets.
OPEC+ approved a modest September oil output increase, completing the rollback of 2023 cuts, but regional conflict continues to constrain actual supply.
OPEC+ approved a 188,000 bpd oil production quota increase for September, completing voluntary cuts, but geopolitical disruptions limit real market impact.
Indonesia's Pertamina reduces non-subsidized Pertamax fuel prices effective August 1, 2026, reflecting easing global oil markets and strengthening domestic
Indonesia's Pertamina has reduced non-subsidized fuel prices, including Pertamax series, effective August 1, 2026, reflecting softer global crude prices an
Indonesia's Pertamina Patra Niaga lowers prices for Pertamax series fuels effective August 1, 2026, responding to global crude market shifts and rupiah sta
Zambia's Energy Regulation Board has reduced domestic petroleum pump prices for August 2026, driven by declining international oil prices for petrol and ke
Ankara and Baghdad have signed a one-year agreement to keep crude flowing through the Kirkuk-Ceyhan Oil Pipeline, diversifying Iraq's export routes.
Chevron reported Q2 2026 earnings of $12.1 billion, achieving structural cost reductions early and posting record U.S. production and refinery throughput.
Magnolia Oil & Gas will acquire WildFire Energy for $4.06 billion, significantly expanding its South Texas acreage in the Eagle Ford/Austin Chalk trend.
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