Market-moving news and intelligence across global energy markets.
OPEC 12 crude output increased in June 2026, driven by significant rises from UAE, Kuwait, Iraq, and Iran, despite global demand forecast reductions.
Global oil prices dropped sharply on July 27 as the US and Iran paused military strikes, easing fears of wider Middle East conflict and supply disruptions.
Vitol has agreed to sell its US upstream company, VTX Energy Partners, to Verde Operating Company, for an undisclosed sum, boosting its Delaware Basin pres
Pertamina Hulu Energi (PHE) significantly boosts Indonesia's oil and gas reserves by adding nine new work areas and engaging in 12 joint studies with globa
Europe's gas storage levels remain critically low at 54% as global LNG market tightness, exacerbated by Strait of Hormuz disruptions, diverts cargoes to As
The Trump administration has acknowledged in court documents that it canceled $7.6 billion in clean energy grants based on the political identity of recipi
China's Belt and Road Initiative green energy financing hit a record $20.1 billion in H1 2026, driven by the Iran war and demand for cheaper renewables.
U.S. oil production is set to plateau in 2026 despite elevated crude prices, driven by a shift to capital discipline and maturing Tier-1 Permian acreage.
Indonesia officially begins construction on the long-awaited Abadi Masela LNG project, a $21 billion venture crucial for national energy security and domes
Install Asian Oil
Add to your home screen for quick access to live market prices and daily briefings.
We use cookies to improve your experience, analyse site traffic, and personalise content. You can accept all, reject non-essential cookies, or customise your preferences. Read our Privacy Policy and Cookie Policy.
Strictly Necessary
Required for the site to function. Cannot be disabled.
Analytics
Google Analytics, Microsoft Clarity, and Hotjar to understand usage.
Functional
Theme preference, accessibility settings, and PWA install prompt.
