Market-moving news and intelligence across global energy markets.
Asia faces a severe refined product shortage in August 2026, with distillate imports down 21% due to Middle East supply disruptions and structural refinery
Brent crude nears $94 as US-Iran Strait of Hormuz standoff persists, injecting significant geopolitical risk into global oil markets ahead of new US sancti
Global LNG supply is projected to surge in 2026, easing market tightness and dampening prices, which could significantly boost demand from key Asian import
Iraq aims to double crude oil production to 8-10 million bpd within six years, pushing OPEC for a higher quota amid global supply shifts and regional tensi
Indonesia's government considers vehicle-based restrictions for subsidized Pertalite gasoline, moving away from socioeconomic deciles after public backlash
Ensign Energy Services completed its $65 million acquisition of Citadel Drilling Ltd., significantly expanding its high-spec drilling fleet in the Permian
A severe heat wave is boosting US natural gas demand, but a persistent supply glut from the Permian Basin and robust production are capping Henry Hub price
European gas prices surged over 40% in August, with TTF reaching €64/MWh, while diesel refining margins hit record highs amid Strait of Hormuz disruptions
InPlay Oil Corp. finalized a C$54.25 million acquisition of a private producer, significantly expanding its light oil and NGLs output in Western Canada.
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