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Oil could hit $200 if Hormuz Strait closed, Khamenei representative warns

26/08/2025

A representative of Iran’s Supreme Leader has urged restrictions on Western shipping in the Strait of Hormuz, saying such a

Africa’s second-largest oil exporter sees output fall below 1 million barrels since OPEC exit

26/08/2025

Angola’s crude production slipped below 1 million barrels a day in July, marking the lowest level since March 2023.

Output fell

EIA expects record U.S. natural gas consumption in 2025

26/08/2025

We forecast natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025. In our latest Short-Term Energy Outlook, we expect natural gas consumption to increase across

Middle East Crude-Oman, Dubai drop to two-month lows

26/08/2025

Middle East crude benchmark spot premiums of Oman and Dubai fell to their lowest in about two months on Monday,

September activity stays upbeat; east-west spreads widen

26/08/2025

Asia’s diesel markets were still filled with September spot refiner sales, though prices were little changed and the east-west price

Iraq raises refining capacity to 1.3 million bpd

26/08/2025

Iraq has raised its oil refining capacity to 1.3 million barrels per day from 1.1 million bpd in 2024, the

Naphtha margin gains, gasoline falls

26/08/2025

Asia’s naphtha refining profit margin rose on Monday as sentiment for cracking demand remained positive although window activity was thin.

The

Sasol seeks to soften US tariff blow on South African exports

26/08/2025

South African petrochemical firm Sasol SOL is working to contain the impact of higher tariffs on its chemical exports to

First CO2 volumes stored at Northern Lights

26/08/2025

The first CO₂ volumes have now been injected and successfully stored in the reservoir 2.600 meters under the seabed. The

Arab Energy Organization urges balanced energy mix as oil and gas stay above 50% share

26/08/2025

Oil and gas will remain the backbone of global energy markets despite growing momentum for renewables, the Arab Energy Organization’s

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