A US-Iran ceasefire and reopening of the Strait of Hormuz offer relief to India's energy imports, with crude prices falling 15% and efforts underway to free 16 stranded Indian vessels carrying LNG, LPG, and crude oil.
The UAE is fast-tracking construction of a second oil pipeline to double export capacity and circumvent Iran's 11-week blockade of the Strait of Hormuz, targeting 2027 completion amid regional tensions.
High oil prices impact Walmart and Target differently based on store locations. Walmart benefits from concentration in low-fuel-cost states like Texas, while Target faces higher costs in California and New York.
Three senior marketing and communications professionals have assumed new leadership roles across Latin America, including Rocío Grillo Gálvez as head of communications at Kia Perú, Daniela Castelli in digital communications at Exxon Mobil, and Federico Golpe at ABB.
Commercial LPG cylinder prices increased by Rs 105 for 19kg cylinders in Delhi effective March 1, while 5kg cylinders rose by Rs 27. Domestic LPG prices remain unchanged.
Technip Energies has received final authorization to construct Commonwealth LNG's liquefied natural gas plant in Louisiana, securing a €1 billion+ engineering and construction contract using modular SnapLNG technology.
India notified domestic natural gas prices for April 2026 at $10.76/MMBTU, with APM-capped prices at $7/MMBTU for ONGC and Oil India fields, up from March's $6.75/MMBTU amid geopolitical tensions.
The UAE announced its withdrawal from OPEC, citing regional tensions and concerns over oil shipping through the Strait of Hormuz. The move represents a significant fracture in the oil cartel's unity.
A ruptured underground pipeline spilled approximately 2,400 gallons of crude oil into East Los Angeles streets, with contamination reaching the LA River through storm drains.
Indian oil marketing companies, airlines, and paint stocks surged as Brent crude fell below $95/barrel amid easing geopolitical tensions and renewed US-Iran diplomatic prospects, improving margins and reducing input costs.
A peer-reviewed study identifies Ceará and Rio Grande do Norte coasts as highest-risk zones for oil spill impacts in Brazil's Equatorial Margin, while warning of threats to deep-sea reefs in Pará-Amapá region as petroleum exploration expands.
Glenfarne Alaska LNG and ConocoPhillips signed a 30-year commercial gas supply agreement to support the first phase of the Alaska LNG project, securing natural gas from Alaska's North Slope for domestic and export markets.
Oil futures edged higher as markets focus on supply constraints ahead of winter, with concerns about crude stockpiles at key U.S. storage hubs falling below minimum operating levels despite recent inventory builds.
Adani Ports' Mundra facility became India's first port to berth a fully laden Very Large Crude Carrier, strengthening crude oil logistics and energy security through direct jetty operations connected to major refineries.
BP's profits more than doubled due to exceptional oil trading gains as Iran tensions drove crude prices higher. The energy giant capitalized on market volatility during the geopolitical crisis.
Indraprastha Gas Limited raised CNG prices by Rs 2.50 per kg in Delhi-NCR, with Delhi now at Rs 66.61/kg. This marks the seventh price revision in a month, driven by global LNG spot market highs.
Fox News explores five fan theories about The Sopranos that deepen viewer engagement on rewatches, from Christopher being a rat to Carmine Jr. secretly orchestrating mob conflicts.
Pakistan anticipates petrol and diesel price reductions of Rs10 per litre in mid-September due to falling global oil rates, though government levy increases could limit relief to Rs5-6 per litre.
JPMorgan warns of potential oil catastrophe as Middle East supply disruptions exceed prior estimates, with Strait of Hormuz closure threatening global markets within weeks.
Oil prices fell as China reported its first crude import contraction since 2013, raising concerns about global demand recovery despite supply constraints from OPEC+ disagreements.
Two Indian LPG tankers are resuming transit through the Strait of Hormuz after a pause, while crude oil shipments remain disrupted amid U.S. sanctions tensions.
Oil marketing companies cut commercial LPG cylinder prices by ₹183.50 from July 1, while private retailer Nayara Energy reduced petrol and diesel prices, citing easing West Asia tensions and declining crude oil costs.
The US Southern Command seized the oil tanker Veronica in the Caribbean, demonstrating enforcement of sanctions against Venezuelan petroleum exports. This marks the sixth such seizure as Washington maintains strict controls on sanctioned vessels.
Europe accelerates efforts to stockpile natural gas for winter as potential Strait of Hormuz closure threatens Gulf supply routes. International markets show higher gas availability this year, but prices could spike to €63 if the critical waterway remains blocked beyond July.
CNG prices in Delhi-NCR increased by Rs 2 per kg, the fourth hike in two weeks, reaching Rs 83.09/kg in Delhi. Rising global energy costs linked to Middle East tensions are driving rapid fuel price increases.
Iranian state television reports three oil tankers are sailing in the Indian Ocean following a deal with Washington that eases a US naval blockade imposed since April.
Oil marketing companies increased commercial LPG cylinder prices by Rs 15.50 effective October 1, while domestic cooking gas rates remain unchanged since April, protecting household budgets.
Turkmenistan's famous 'Gates of Hell' crater fire, a natural gas crater burning for decades, is dimming due to fuel depletion, raising concerns about environmental and economic implications.
Ukrainian President Zelenski tours Gulf states securing defense cooperation agreements on drone technology and joint manufacturing, while European funding remains blocked by Hungary's Viktor Orbán over pipeline disputes.
Brazil faces a paradoxical energy crisis where supply and demand imbalances coexist, with the National Operator of the Electrical System (ONS) struggling to manage the situation effectively.
State-run oil marketing companies reduced commercial LPG cylinder prices across major Indian metros from November 1, offering marginal relief to small businesses dependent on the fuel.
El gobierno británico autorizará 10.500 visas temporales para camioneros y trabajadores avícolas hasta Navidad 2021 para aliviar la escasez de mano de obra que afecta la cadena de suministro.
The United Arab Emirates announced its withdrawal from OPEC after more than 50 years of membership, effective May 2026. The departure weakens the cartel's cohesion and may impact global oil markets and US producers.
India raised petrol and diesel prices by Rs 3/litre, cutting state oil company daily losses from Rs 1,000 crore to Rs 750 crore. However, global crude prices and weak rupee keep pump rates below cost-recovery levels.
Chinese researchers developed an acoustic contact lens using tungsten-silicone material that corrects sonar distortion caused by protective drone shells, enabling clearer underwater imaging without extra power consumption.
Asia faces unprecedented energy vulnerability as Strait of Hormuz disruption drives oil to $138/barrel and LNG prices surge 108%, threatening regional economies with $80B+ fuel subsidy costs and agricultural collapse.
Iranian parliamentary speaker contradicts foreign minister by warning Hormuz will close if US maintains port blockade, creating uncertainty over strait access despite ceasefire announcements.
CNG prices in Delhi-NCR increased by Re 1 per kg to Rs 81.09, marking the third hike in 10 days as oil companies pass on elevated energy costs from Middle East disruptions.
Iran has closed the Strait of Hormuz to all vessel traffic, stranding hundreds of oil tankers and disrupting 20% of global petroleum supply. OPEC+ announced a modest production increase of 206,000 barrels per day in response.
Governments worldwide are accumulating strategic oil reserves to mitigate future energy crises, a response to recent supply disruptions that will likely sustain elevated crude prices for an extended period.
A new Linux kernel vulnerability (CVE-2026-46300) called Fragnesia allows unprivileged attackers to gain root privileges through a logic bug in the XFRM ESP-in-TCP subsystem, exposing systems to complete compromise.
Queensland government launches Accelerating Fuel Infrastructure Program to unlock state-owned coastal land for oil storage and refinery development, aiming to boost fuel sovereignty and protect against price shocks.
Raizen escolhe Lorival Nogueira Luz Junior para comandar reestruturação que dividirá a companhia em Raizen Energia e Raizen Combustíveis até 2027, com aporte de R$ 3,5 bilhões da Shell.
Gasoline and diesel prices in the Philippines are expected to rise for the seventh consecutive week due to US-Iran geopolitical tensions and Middle East uncertainty affecting global crude oil markets.
Indonesia's blanket fuel subsidies disproportionately benefit wealthy households while straining public finances. The World Bank recommends phasing out universal subsidies in favor of targeted cash transfers to poorer populations.
Pakistan's petrol and diesel prices are expected to increase by up to Rs6 per litre in the November 16 fortnightly review, driven by global oil market fluctuations and rising import premiums.
CNG prices in Delhi increased by Rs 1 per kg to Rs 81.09, marking the third hike in 10 days, driven by Middle East tensions and Strait of Hormuz blockade pressuring global crude oil markets.
A Gasmig apresenta plano bilionário em biometano que desperta interesse de grandes investidores internacionais como BP, Mitsui, gestoras de fundos e o grupo J&F, sinalizando oportunidades no setor de energia renovável brasileiro.
The U.S. military shot down four Iranian drones headed toward the Strait of Hormuz and struck Iranian coastal radar sites in response, escalating tensions over the critical shipping corridor.
Nepal redujo precios de gasolina, diésel y gas doméstico hasta 17% tras caída del crudo internacional y mejora en negociaciones entre Irán y Estados Unidos que estabilizan suministro global.
British engineering firm Wood has secured a contract from China Offshore Oil Engineering Company to redesign Qatar's Bul Hanine oil field, focusing on submarine pipeline optimization and production capacity enhancement.
Cuba's energy minister warns the country faces critical power shortages as donated Russian oil runs out, with blackouts exceeding 20 hours daily in Havana amid U.S. sanctions and geopolitical tensions.
A petroleum tanker was hijacked off Yemen's coast and diverted to Somali territorial waters, marking a resurgence of piracy as regional instability diverts naval forces from maritime security.
Singapore is pioneering plurilateral trade agreements on supply-chain resilience and digital trade, establishing itself as a norm entrepreneur that shapes global legal standards through flexible, incremental approaches rather than coercion.
A Japanese LNG tanker has become the first fully loaded vessel to cross the Strait of Hormuz since the outbreak of war, signaling a potential easing of critical energy supply disruptions affecting global markets.
Aramco's Field Deployment Program trains young Saudi engineers and foremen through hands-on experience, emphasizing safety, technical expertise, and real-time decision-making in complex drilling operations.
QatarEnergy extended its LNG force majeure into mid-August following Iranian strikes, forcing buyers like Edison to source replacement volumes from U.S. suppliers amid European storage concerns.
Pakistan's government is expected to increase petrol and diesel prices from February 1, with petrol rising Rs3/litre and diesel Rs6/litre, driven by global crude oil fluctuations.
Nayara Energy reduced petrol by Rs 5/litre and diesel by Rs 3/litre following declining international crude prices, marking the first retail fuel cut in over two years. State-run OMCs maintained unchanged rates despite easing West Asia tensions.
El Gobierno dominicano implementó nuevos aumentos de entre 3 y 6 pesos por galón en gasolinas y gasoil para la semana del 13 al 19 de junio, mientras mantiene congelado el precio del GLP.
Venezuela and French oil services company SLB (Schlumberger) signed a memorandum of understanding to explore cooperation in petroleum and gas sectors using advanced technology, marking a strategic shift toward foreign investment.
Oil prices decline as markets anticipate progress in US-Iran peace negotiations, with Trump's statements and OPEC+ decisions influencing crude valuations amid broader geopolitical shifts.
Internal documents reveal Shell continued operating a major Nigerian pipeline despite knowing it caused widespread pollution, with senior executives warning of risks as early as 2008. Communities are seeking $1bn in damages for environmental destruction and health impacts.
Former FBI Director James Comey has been indicted a second time by the Justice Department over an Instagram photo of a shell formation posted in May 2025. Specific charges remain unclear as the investigation develops.
Nayara Energy reduced petrol by Rs 5/litre and diesel by Rs 3/litre, marking the first retail fuel price cut in over two years following eased West Asia tensions and restored maritime trade routes.
Major oil producers Chevron and Motiva are curbing motor oil feedstock deliveries, triggering industry-wide supply concerns and potentially doubling oil change costs to $120.
QatarEnergy has extended force majeure on four additional LNG cargoes to Edison, bringing total undelivered volumes to 21 cargoes (2.7 bn cubic meters) since April. Deliveries delayed until early September 2026.
Oil and equity markets declined sharply as Germany extended lockdowns, coronavirus concerns persisted, and new U.S.-European sanctions on China over human rights abuses dampened global risk appetite.
Um helicóptero da petrolífera Saudi Aramco caiu na Arábia Saudita, resultando em 14 mortes, conforme confirmado por agência estatal saudita.
The United Arab Emirates withdraws from OPEC, marking a significant split among Gulf oil producers and reshaping regional geopolitics as it seeks independence from Saudi Arabian influence.
Cuba reports complete depletion of diesel and fuel supplies, triggering street protests. The crisis stems from sanctions and reduced Russian oil shipments.
EU officials warn the world faces its most severe energy crisis ever, citing potential kerosene shortages and possible Strait of Hormuz blockade disruptions affecting global supply chains.
Venezuela has signed energy agreements with US companies, marking a bilateral reopening and potential economic recovery phase. The US views this as a historic opportunity for the Venezuelan oil sector.
Pakistan's petroleum product prices are expected to decline from April 1 following reduced international crude oil prices, with diesel potentially dropping Rs15-20/litre and petrol Rs4-5/litre, though the Finance Division may keep prices unchanged.
Thailand's Finance Minister warns inflation could reach 4-5% due to heavy reliance on imported oil and natural gas, justifying a THB200 billion emergency borrowing decree for energy transition and crisis mitigation.
Michael Rugari completed a two-year restoration of his 1997 Nissan 200SX S14, a bucket-list car, transforming it from a damaged shell into a fully modified performance vehicle that earned Top 10 at the Black Label Invitational.
CNG prices in Delhi-NCR increased by Re 1 per kg on May 17, marking the second hike in two days, driven by the Strait of Hormuz blockade amid Middle East conflict pushing crude oil costs up 50%.
Malaysia continues subsidizing RON95 petrol and diesel despite global oil price volatility, with subsidy costs surging to RM5 billion monthly by May 2026 as the government prioritizes cost-of-living relief.
Brazil's environmental agency IBAMA rejected a R$5 billion natural gas power plant in São Paulo state, citing incomplete environmental studies, exposing tensions between energy security and environmental protection in the country's energy transition.
Green hydrogen's cost remains prohibitively high at 210-270 euros per MWh versus 50 euros for natural gas, with Germany's hydrogen infrastructure sitting unused and direct electrification proving more economical.
Indraprastha Gas Limited raised CNG prices by Rs 2 per kg in Delhi-NCR effective Sunday, with Delhi now at Rs 73.61/kg. Price hikes across multiple states follow climbing global crude oil and domestic gas costs.
Europe faced potential energy apocalypse from Strait of Hormuz disruption but is being saved by battery storage, hydroelectric rainfall, and nuclear reactors preventing fuel rationing.
The United Arab Emirates' withdrawal from OPEP signals a significant realignment in global oil politics, with immediate implications for production quotas and Venezuela's economic leverage within the cartel.
World Pulses Day 2026 celebrates pulses as affordable protein sources feeding 3 billion people globally while supporting sustainable agriculture and environmental conservation.
Non-Gulf petroleum producers are capitalizing on regional tensions affecting the Strait of Hormuz, while Gulf monarchies face investor confidence challenges amid Iran conflict.
A Organização Pan-Americana da Saúde reconheceu o Portal de Boas Práticas em Saúde da Mulher, da Criança e do Adolescente da Fiocruz como experiência relevante nas Américas, ampliando sua visibilidade e potencial de disseminação regional.
The U.S. began blockading oil tankers to Cuba in January, intensifying an existing energy crisis on the island nation. CFR analysts examine the geopolitical and economic factors driving the shortage.
Petrol prices forecast to reach $2.15/litre as excise tax returns while government faces scrutiny over $6.5bn defence project cost blowouts spanning decades.
The Voyager Golden Record contains a uranium sample embedded in its cover that serves as a billion-year radioactive clock, allowing future finders to determine exactly how long the probe has been drifting through space.
The UAE formally exits OPEC on May 1, ending 60 years of membership. The move is expected to increase global oil supply flexibility and potentially lower crude prices, benefiting India's import costs and energy security.
US gas prices are climbing due to rising crude oil costs tied to Iran conflict and spring demand. California leads at ~$5.78/gal; Texas remains cheapest at ~$3.78/gal.
Cuban private vendors are selling Chinese parabolic solar cookers for $135 as energy shortages worsen, though public skepticism abounds over safety, slow cooking times, and weather dependency.
Middle East tensions disrupt petroleum supply chains, causing severe LPG shortages that force Indian restaurants and street vendors to switch fuels, close operations, or pay double prices on black markets.
Bungie is improving the Recon character in its extraction shooter Marathon with patch 1.0.6, enhancing the Echo Pulse and Tracker Drone abilities to make the underperforming Shell more viable in high-difficulty content.
The Voyager Golden Record includes uranium-235 on its cover as a radioactive clock to help extraterrestrial finders determine how long the probe has been traveling. The record, designed to remain playable for a billion years, contains greetings in 55 languages and cultural artifacts.
The UAE withdraws from OPEC and OPEC+ effective Friday to pursue national interests, citing constraints from production quotas amid regional instability and the Strait of Hormuz blockade.
Here's why Enerplus (TSX:ERF) has made my list of top picks in the Canadian energy space today.
A preliminary study of 90,000+ participants suggests replacing margarine with olive oil could reduce dementia-related mortality risk by up to 28 percent, with even modest dietary changes showing significant protective effects.
Diesel prices are projected to decline by P0.10/liter next week while gasoline prices are expected to rise P0.40-0.60/liter due to global supply dynamics and regional demand patterns.
Powerball's Christmas Eve drawing offers a historic $1.7 billion jackpot, the fourth-largest in U.S. lottery history, after no winner claimed the previous prize in New York.
Raízen, controlled by Cosan and Shell, has secured 75% creditor approval for Brazil's largest extrajudicial restructuring involving R$66 billion in debt, converting 45% to equity at R$0.25 per share.
A massive fire broke out at Beirut's port in a storage depot containing motor oil and tires, triggering panic among residents still traumatized by the devastating August 4 explosion that killed 190 people.
Cuba experiences widespread power outages affecting seven provinces, triggering massive protests in Havana as citizens increasingly challenge the regime amid energy infrastructure crisis.
Rich Creek Mayor Paul Morrison was arrested for public intoxication after allegedly arriving drunk at a Norfolk Southern train derailment site in Virginia. The incident involved a soybean oil leak deemed non-hazardous.
Cuba is experiencing acute energy shortages forcing citizens to cook with charcoal and firewood, with reports of food scarcity and airline suspensions amid US sanctions.
EU bans Russian oil imports phased over months, potentially reducing purchases by 3.3M barrels daily while risking higher global prices and strengthening Russia-China energy ties.
India raised commercial LPG prices by Rs 993 per cylinder Friday due to global energy disruptions from the West Asia conflict, while keeping domestic fuel prices unchanged to protect consumers.
Petrobras achieved record oil production growth of 16.3% in Q1 2026, with exports jumping 61%, driven partly by supply disruptions from regional conflicts.
The Motley Fool Canada recommends four dividend-paying stocks for Canadian investors in November: Enbridge, Bank of Montreal, RioCan, and Telus, citing stable income yields and defensive portfolio appeal.
The US and Iran appear closer to ending their two-month conflict, with Trump threatening renewed bombing if Tehran rejects a reported agreement involving uranium enrichment moratorium, sanctions relief, and Strait of Hormuz reopening.
State-run oil marketing companies reduced commercial LPG cylinder prices across major metros, with cuts ranging from Rs 4.50 to Rs 6.50 per 19-kg cylinder, offering marginal relief to small businesses after September's Rs 15.50 hike.
Commercial LPG cylinder prices increased by Rs 49 from February 1, raising costs for hotels and restaurants. Domestic cooking gas prices remain unchanged, providing relief to households.
Astróloga May identifica Balança, Carneiro e Gémeos como signos que viverão transformações significativas na primeira semana de novembro, com promessas de sorte, amor e prosperidade financeira.
Raízen's debt restructuring negotiations face gridlock over board composition and creditor control, despite progress on converting 45% of debt to equity. Shell and Cosan resist additional capital injections as creditors demand majority board seats.
Cuba has exhausted its diesel and fuel oil supplies amid a US-led blockade, creating widespread power cuts and forcing hospital closures. The energy minister describes the situation as 'critical' and 'extremely tense.'
GitHub fixed a critical remote code execution vulnerability (CVE-2026-3854) in under six hours that could be exploited via a single git push, potentially exposing millions of repositories.
The US announced new sanctions against Cuba's state-owned petroleum company CUPET, escalating economic pressure on the island amid rising US-Cuba tensions under the Trump administration.
United Arab Emirates announces its withdrawal from OPEC, citing concerns over the Strait of Hormuz crisis. The departure signals potential fragmentation within the powerful oil cartel.
India's palm oil imports hit a 7-month high in May at 660,000 tonnes, up 15% from April, as the country diversified sourcing from Malaysia, Thailand, and Papua New Guinea following Indonesia's export restrictions.
Guáimaro's municipal assembly convened to discuss efficiency amid energy crisis, focusing on food sovereignty, agricultural productivity, and social programs despite material and financial constraints.
Three Indian companies form partnership to develop hydrogen-natural gas blending projects in city gas distribution, supporting India's clean energy transition and reducing LNG import dependence.
A Marshall Islands-flagged LNG tanker evaded Somali pirates off the Somali coast, marking the first such incident in a year and raising fears of a piracy resurgence in critical shipping lanes.
United Arab Emirates withdraws from OPEC, breaking with the cartel to gain independent control over its oil production and challenge Saudi Arabia's dominance in the organization.
A covert operation extracted 13 kg of enriched uranium from Venezuela, according to BBC reporting. The operation's details and parties involved remain undisclosed.
The UAE is withdrawing from OPEC after nearly 60 years, citing long-standing frustration with production quotas imposed by the oil cartel.
India's government raised commercial LPG allocation to 50% to address supply disruptions caused by West Asia conflict, prioritizing restaurants, food processing, and essential services while maintaining domestic supplies.
Oil prices edged higher Tuesday despite investor concerns over rapid Omicron spread potentially triggering new restrictions that could dampen fuel demand globally.
Petrobras guarantees natural gas supply for its UFN3 fertilizer plant restart despite potential Bolivian gas shortages, planning to reverse pipeline flows to use Brazilian pre-sal reserves if needed.
Indonesian authorities arrested 11 people including customs officials and corporate executives for allegedly manipulating palm oil export classifications to evade domestic sales requirements and taxes, causing estimated state losses of $798M-$1.07B.
Iranian strikes on Gulf infrastructure and Strait of Hormuz closure risk pushing oil to $150/barrel, the worst energy shock since 1973, with cascading impacts on global inflation and energy-importing nations.
Trump states US attacks destroyed most infrastructure on Iran's Kharg Island while deliberately preserving oil facilities, but threatens future strikes on petroleum infrastructure.
Businesses are prioritizing electrification following energy disruptions, with most expecting operations to go electric by 2035. Green equipment finance demand is surging as companies replace diesel with battery-powered alternatives.
Philippine gasoline and diesel prices are expected to drop next week by P0.40-0.60 and P1.30-1.50 per liter respectively, driven by increased OPEC+ production, US tariff uncertainty, and Ukraine peace prospects.
Iran is shifting from threatening to close the Strait of Hormuz to implementing managed access control, using inspections and fees as bureaucratic coercion to gain lasting political and economic leverage over global energy trade.
Multiple Indian companies reported strong September quarter earnings with profit jumps ranging from 12% to 185%, while infrastructure and energy sectors secured major contracts and approvals.
Nintendo reports Switch 2 sales momentum improving in western markets despite recent price increases, with multiple unannounced titles planned for release through March 2027.
Spanish health authorities have issued alerts for five infant formula brands contaminated with cereulida toxin, which has caused five babies to be hospitalized. The contamination stems from arachidonic acid oil used as an omega-6 supplement.
Tensions over the Strait of Hormuz are prompting Middle Eastern nations to develop alternative pipeline infrastructure, while uncertainty persists over control and access to this critical global oil chokepoint.
India's major cities face relentless CNG price hikes driven by surging global crude oil costs. Delhi saw 5 increases in April alone, while Mumbai and Gujarat experienced 3 and 2 respectively.
CNG prices in Delhi hit ₹81.09/kg after the third hike in 10 days, driven by rising global energy costs linked to West Asia conflict escalation.
Portugal's Maritime Authority conducted a four-day training exercise in Madeira (May 12-15) simulating hydrocarbon spills at a commercial port and coastal beach, involving 63 personnel and testing rapid response capabilities.
Private fuel retailer Nayara Energy cuts petrol by Rs 5/litre and diesel by Rs 3/litre following easing West Asia tensions and falling global crude prices, while state-owned competitors maintain higher rates.
At least 13 people died and 66 were injured in an explosion at Qatar's main LNG processing facility in Ras Laffan on Sunday night. Officials ruled out sabotage but said operations resumption timing remains uncertain.
Gas prices in five Great Lakes states could fall 20-40 cents per gallon within weeks as regional refinery issues ease, though crude oil tensions keep broader costs elevated.
The DOJ and FTC are urging states to investigate and enforce laws against illegal activity driving high gas prices, including potential price-fixing by oil companies.
Commercial LPG prices hit an all-time high with a Rs 993 hike, marking the third consecutive monthly increase driven by global energy costs tied to West Asia tensions. Domestic cooking gas rates remain unchanged.
Um helicóptero da petrolífera estatal Saudi Aramco caiu na Arábia Saudita, resultando em 14 mortes, segundo agência estatal saudita.
An explosion and fire at Qatar's Barzan gas supply facility in Ras Laffan Industrial City injured 54 people and left 18 missing. Authorities classified it as a technical accident with no public safety threat.
Norway generates billions from rising oil prices while simultaneously reducing its domestic oil consumption, exemplifying a paradoxical energy transition strategy.
The UAE announced its withdrawal from OPEC effective May 1, ending nearly 60 years of membership. The move reflects producer frustration with production quotas as global energy markets shift and supply constraints tighten.
Nayara Energy reduces petrol by ₹5 and diesel by ₹3 per litre across 7,000 stations from July 1, following government revisions to fuel export duties and LPG price cuts.
Oil prices rose as OPEC projected robust global demand growth through 2025, while extreme cold in North Dakota cut U.S. production by up to 700,000 barrels daily.
Oil prices declined Thursday after U.S. crude inventories unexpectedly rose for the first time since May, though prices retained most gains from the previous session as supply constraints are expected to persist through year-end.
Philippine pump prices are expected to rise for the fifth consecutive week, with diesel potentially increasing by up to P1/liter due to geopolitical tensions and global supply constraints.
Drivers are changing shopping habits to access cheaper gas at Costco and Walmart as prices surge, while oil executives warn of further increases ahead.
A Suprema Corte americana permitiu que a ExxonMobil cobre indenização de US$ 1 bilhão do governo cubano por bens nacionalizados após a Revolução de 1959, aplicando a Lei Helms-Burton e revogando imunidade soberana.
The United Arab Emirates announced its withdrawal from OPEC, causing Brent crude to spike to $111/barrel and marking a significant blow to the oil cartel's cohesion.
Shell Nigeria Gas emphasizes that expanding gas distribution infrastructure and strengthening market-making roles are essential to transforming Nigeria's gas resources into an industrial growth driver, citing two decades of successful operations in the Agbara-Ota corridor.
The closure of the Strait of Hormuz has created a supply crisis with tankers loaded but unable to find buyers, while crude spot premiums have retreated from historic highs despite the blockade's impact on oil exports.
Carl Sagan's team debated including nude imagery on the Voyager Golden Record but chose silhouettes instead, following controversy over the Pioneer plaque's nude depiction.
The UAE is aggressively acquiring African mineral assets, securing a Zambian copper mine and competing with China for another. This reflects wealthy Gulf states pivoting from oil dependence to critical minerals powering the global green energy transition.
The US exported 1.5 million barrels of crude daily to Europe in April as the EU prepares to embargo Russian oil. Analysts debate whether diversification and monitoring can prevent Russian crude from reaching Europe through third-party intermediaries.
Oil prices climbed on geopolitical tensions from Iran's civil unrest threatening 1.9M barrels daily, offset partially by Venezuela's anticipated return to export markets with 50M barrels.
Exxon Mobil and Chevron reported lower profits in Q1 2026 due to Iran war disruptions, but both exceeded Wall Street revenue expectations for the quarter ending March 31.
An escalating Iran conflict is rapidly draining the world's oil buffer, with major energy companies warning of unprecedented supply shortages and a deficit of nearly 1 billion barrels as Iran's control of the Strait of Hormuz disrupts global markets.
Opportunistic investors are flooding Venezuela seeking high-return investments following recent political changes, targeting everything from oil assets to disputed debt claims worth billions.
An explosion at Qatar's Ras Laffan natural gas facility killed at least 13 workers and injured dozens more during a plant restart, marking the industry's worst disaster in decades.
A gas pipeline explosion in São Paulo's Jaguaré neighborhood killed at least one person and destroyed 35 homes during water infrastructure work. Emergency teams continue searching for additional victims in the rubble.
The UAE has exited OPEC after nearly six decades, seeking production flexibility amid West Asia tensions. The move weakens OPEC's control over global oil supply and could increase price volatility while potentially benefiting oil importers like India.
United Arab Emirates announces withdrawal from OPEC, significantly weakening the cartel's ability to control global oil prices and signaling geopolitical realignment with the US.
A McDonald's employee in California sustained severe burns to the face and body after being attacked by a coworker who threw boiling oil during a shift.
A cooking gas cylinder explosion at a Mumbai tenement building injured three people, causing wall collapse and fire. One victim suffered severe burns; two men remain hospitalized in critical and stable conditions.
The IMF and World Bank alert to unprecedented depletion rates of global oil reserves amid geopolitical tensions in the Middle East, with oil prices hovering near $100 as the Strait of Hormuz faces closure threats.
Philippines' DOE announced May 12 price adjustments: diesel dropping P9.57/liter, gasoline rising P0.47/liter, amid volatile crude oil prices from Middle East tensions.
CSN inicia processo de venda de ativos de infraestrutura avaliados em US$ 1 bilhão, incluindo terminal portuário e participação em ferroviária, para reduzir dívida de R$ 18 bilhões.
Closure of the Strait of Hormuz removes approximately 100 million barrels of oil weekly from global markets, according to Saudi Aramco, threatening energy security and economic stability amid ongoing regional conflict.
Tensions in the Strait of Hormuz are forcing countries to seek alternative shipping routes as US blockades restrict Iranian oil tankers and G7 nations divide on strategy for the critical waterway.
Air India is cutting nearly 100 flights daily across international routes due to soaring jet fuel prices that have surged 80% since February, forcing the airline to operate below cost recovery on most flights.
Fitch Ratings forecasts Brent crude will fall from $100-110 to $70 per barrel if the Strait of Hormuz reopens by July, driven by easing geopolitical tensions rather than supply fundamentals.
Capcom revealed three new monsters for Monster Hunter Wilds, including Black Flame, a fire-breathing octopus marking the series' first new cephalopod monster in nearly 10 years.
Supply disruptions from Middle East tensions have raised natural gas costs in Firozabad, India's glass hub, threatening 150,000 jobs and forcing factory closures or reduced operations.
Oil prices eased after UAE's OPEC exit raised supply expectations, though Hormuz blockade and Iran tensions continue supporting elevated price levels. Markets remain volatile amid competing supply and geopolitical signals.
U.S. gas prices jumped to $4.46 per gallon as shippers avoid the Strait of Hormuz, driving oil prices higher and marking only the third time prices have exceeded $4 per gallon in American history.
Nayara Energy reduced petrol by ₹5/litre and diesel by ₹3/litre across 7,000+ stations, marking the first retail fuel price cut in over two years following eased West Asia tensions and restored maritime routes.
Indraprastha Gas Limited raised CNG prices across Delhi, Haryana, and Rajasthan effective December 4, 2021, with Delhi's rate climbing to Rs 53.04 per kg and regional variations reaching Rs 67.82 per kg.
The war in Iran has led to a global energy crisis. Shipping traffic through the Strait of Hormuz, a major energy chokepoint that handles roughly 20% of
Equinor anuncia inversión de más de 4.000 millones de coronas noruegas para optimizar el proyecto Troll West en el Mar del Norte, con inicio de operaciones comerciales previsto para 2028.
Russia is reportedly purchasing gasoline produced by India's Nayara Energy through international traders to address fuel shortages from Ukrainian attacks, circumventing EU sanctions through intermediaries.
Petrol and diesel prices in India reached all-time highs following seven consecutive increases, driven by surging international crude oil rates above $82/barrel amid OPEC+ production constraints.
An explosion at Qatar's Ras Laffan LNG site has injured 54 people and left 18 missing, according to authorities. The incident occurred at a domestic gas plant facility.
Researchers at University of South Florida used molecular simulations to finally explain how carbon black reinforces rubber in aircraft tires, solving a 100-year engineering puzzle through computational modeling.
Venture Global expanded its 20-year LNG supply agreement with Greek joint venture Atlantic-SEE, doubling annual commitments to 1.0 MTPA for Central and Eastern European delivery via new Greek regasification infrastructure.
A Yuba City McDonald's manager was rushed to ICU with second-degree burns after a coworker allegedly threw scalding hot oil on him during a workplace incident.
Spain's food safety agency warns of clandestine olive oil fraud where seed oil is mislabeled as premium olive oil, distributed across multiple regions amid rising food prices.
Nayara Energy reduces petrol by ₹5/litre and diesel by ₹3/litre, marking the first retail fuel price cut in over two years as West Asian tensions ease and global crude prices fall.
United Arab Emirates announces withdrawal from OPEC, weakening the oil cartel's influence and signaling geopolitical realignment amid regional tensions and pressure from Saudi Arabia.
U.S. gas prices fell below $4 per gallon for the first time in nearly three months following a U.S.-Iran agreement that eased oil supply concerns and reopened the Strait of Hormuz.
Security vendors confuse product demonstrations with proof-of-concept engagements, stalling pipelines. Clear definitions and structured POC frameworks with success criteria are essential for closing deals efficiently.
A US-Iran ceasefire and reopening of the Strait of Hormuz offer relief to India's energy imports, with crude prices falling 15% and efforts underway to free 16 stranded Indian vessels carrying LNG, LPG, and crude oil.
Ukrainian drone attacks on a Russian oil refinery in Tuapse triggered an environmental disaster, forcing residents to avoid tap water and keep windows closed, despite Russian authorities downplaying the threat.
The UAE announced its withdrawal from OPEC, marking a significant shift in the cartel's influence as the nation's diversified sovereign wealth fund now exceeds oil-dependent revenues, signaling broader geopolitical realignment.
Diesel and gasoline prices in the Philippines are expected to rise for the fourth consecutive week due to US-Iran tensions, OPEC+ production decisions, and increased winter demand across Asia.
Asian markets traded cautiously after UAE announced its exit from OPEC, with Brent crude hovering above $110/barrel. Mixed regional performance reflected geopolitical tensions and inflation concerns across the region.
Three vessels hijacked off Somalia in a week signal a resurgence in piracy as international naval forces redirect resources to the Red Sea. Pirates appear better equipped and organized than previous generations.
Documents discovered by slain environmentalist Juan López allegedly exposed a corruption network involving former Tocoa mayor Adán Fúnez, who diverted public funds through shell companies and armed groups. López's murder in September 2024 is now investigated as retaliation for uncovering the scheme.
Chevron USA has launched its next-generation Techron fuel additive across all US Chevron and Texaco stations, claiming to remove up to 100% of harmful deposits in direct injection systems.
National Oil Marketing companies reduced commercial LPG cylinder prices by Rs 102.50 effective January 1, 2022, providing relief to restaurants and small food businesses after a December price hike.
Spanish industrial electricity prices remain significantly higher than neighboring countries, with costs nearly double France's rates and 37% above year-ago levels, threatening manufacturing competitiveness.
Researchers developed ultrathin polymer membranes that separate hydrocarbons with unprecedented efficiency while using far less energy than conventional thermal distillation, potentially transforming global refining processes.
DESFA inaugurated a 157-km high-pressure natural gas network in Western Macedonia, connecting five municipalities to gas supply for the first time and supporting industrial and residential consumption across northern Greece.
A gas explosion in São Paulo's Jaguaré neighborhood killed one person and injured three others, affecting 160 residents and condemning 46 buildings. The incident was triggered by Sabesp construction work that damaged a gas pipeline.
Iranian authorities permitted vessels from France, Japan, and Oman to transit the Strait of Hormuz after initial closure, signaling selective passage policy based on perceived friendliness to Iran.
US gasoline prices are climbing rapidly with only 11 states below $4/gallon as the national average approaches $5, driven by geopolitical tensions affecting oil supply.
The US Embassy in Riyadh issued an urgent warning of imminent missile and drone attacks targeting Dhahran, home to critical Saudi energy infrastructure, following Iranian drone strikes on the embassy and Aramco's Ras Tanura refinery.
Citroën apresenta Dark Edition do Basalt para 2027 com motor 1.0 Firefly, posicionada entre versões Feel e Turbo 200, com design escuro e equipamentos modernos.
Iran permits select foreign vessels to transit the Strait of Hormuz after initial closure, allowing French, Japanese, and Omani ships passage while maintaining restrictions on U.S. and Israeli-linked vessels.
CNG prices in Delhi increased by Re 1 per kg effective May 23, marking the third hike in nine days alongside petrol and diesel increases. The government reassures citizens of adequate fuel supplies.
Rising oil supply from multiple sources is pushing prices lower, reigniting concerns about a global oversupply that could destabilize energy markets and producer economies.
Oil prices declined as unexpected U.S. crude stockpile growth raised supply glut concerns, compounded by rising COVID-19 cases threatening fuel demand recovery.
Indian equities expected to open 1-2% lower due to US-Iran conflict driving crude oil concerns and FII outflows. Technical analyst recommends bear spread strategy as Nifty tests support levels below 200-day EMA.
Dangote Refinery imported 40.4 million barrels of crude oil in May-June 2026 for $4.48bn, with landed costs falling 24% from $124.80 to $95.25 per barrel as global pricing eased.
State-owned oil companies raised CNG prices by Rs 2/kg and petrol/diesel by Rs 3/litre following global energy disruptions from West Asia conflict affecting crude oil supplies.
Brussels alerts that the world faces a potentially historic energy crisis due to kerosene shortages linked to the Strait of Hormuz blockade, threatening global supply chains.
Crude oil prices weakened as Covid-19 surges in India and South America threaten global demand recovery, with U.S. gasoline inventories rising unexpectedly and OPEC supply increases limiting price support.
India reduced export duties on diesel to Rs 23/litre and ATF to Rs 33/litre effective May 1, 2026, down from higher rates imposed in March-April amid Middle East tensions affecting oil supplies.
China begins building a 271,000 cubic meter LNG carrier, the largest class vessel, reinforcing its dominance in advanced shipbuilding with 56% of global ship deliveries in 2025.
Norwegian energy company Equinor is testing whether European governments will commit to longer-term contracts for more expensive oil and gas projects to stabilize North Sea production decline.
Cuba confirms complete depletion of diesel and fuel oil reserves, triggering widespread blackouts and growing public protests amid U.S. sanctions.
Pocketbook mussels in the Ohio River use aggressive mimicry to trick fish into inhaling their larvae, which then parasitize the fish's gills until mature enough to settle independently.
Nayara Energy reduces petrol by Rs 5/litre and diesel by Rs 3/litre, marking the first fuel price cut in over two years as Middle East tensions ease and crude oil prices decline.
Iranian oil tankers are being turned away by US naval blockade operations at the Strait of Hormuz, causing significant disruption to global petroleum traffic through this critical chokepoint.
State-owned oil marketing companies reduced 19-kg commercial LPG cylinder prices by up to Rs 183.5 across major Indian cities, providing relief to restaurants and hotels after global energy price volatility.
A gas pipeline rupture caused by construction damage triggered a massive explosion at a Dallas apartment complex, killing at least three people and injuring five others. Recovery efforts continue as crews search through debris.
Raízen, a Shell-Cosan joint venture, obtained creditor approval for a R$64.7 billion extrajudicial restructuring, the largest in Brazil's history, offering creditors three options including debt conversion to equity.
Motorola's upcoming Moto G87 features a 200MP camera, 6.78" 1.5K 120Hz AMOLED display, and IP69 rating, marking the best camera yet in the Moto G lineup with new color options.
A fatal oil truck explosion in Malargüe killed two workers, triggering calls for stricter labor safety controls and state oversight in Argentina, where four workers die daily from workplace accidents.
Iran launched drone attacks on UAE oil infrastructure for the first time since a regional ceasefire, targeting the Fujairah refinery complex and disrupting global petroleum markets amid escalating tensions.
India's government cut the windfall tax on crude petroleum from Rs 9,600 to Rs 8,400 per tonne, effective immediately. Oil marketing companies also reduced commercial LPG prices by Rs 19 per cylinder.
A horse fell into a water pipeline in Belo Horizonte, Brazil, leaving nearly one million residents without water across 300 neighborhoods. The incident exposed vulnerabilities in urban water infrastructure.
El Salvador's thermal energy generation hit record highs in April 2026 due to extreme heat, reaching 66.66 GWh and driving electricity costs to $135/MWh as oil prices exceed $100 per barrel.
The United Arab Emirates has withdrawn from OPEC, potentially weakening the oil cartel's influence on global energy markets and prices. The move has implications for US producers and geopolitical energy strategies.
Cuba's electrical grid suffers partial collapse as widespread protests intensify across the island, with citizens challenging the regime amid energy crisis linked to U.S. embargoes and regional instability.
Ukrainian forces struck a Russian oil facility in Yaroslavl, over 700km from the border, in what President Zelenskiy described as retaliation for Russian attacks on Ukrainian cities.
CNG prices in Delhi and North India have increased ₹6/kg across four hikes in eleven days, with the latest ₹2/kg increase pushing costs to ₹83.09/kg amid West Asia geopolitical tensions affecting input gas costs.
A fintech argentina Cocos Capital compra a Warren, plataforma brasileira fundada por ex-executivos da XP, em operação que marca a primeira expansão internacional da empresa e reforça estratégia de consolidação regional.
French authorities are investigating the oil tanker Boracay, suspected of being part of Russia's shadow fleet for circumventing sanctions. The vessel, flagged by Britain and the EU, was intercepted near Saint Nazaire with concerns over opaque ownership and compliance failures.
India's government revised export duties on petrol, diesel, and aviation fuel effective June 1, adjusting rates to ₹1.5, ₹13.5, and ₹9.5 per litre respectively based on international crude oil prices.
A gestora do BTG Pactual adquire participação da Leste no WTC Sheraton São Paulo, atingindo 80% do empreendimento avaliado em R$ 1,4 bilhão, que inclui hotel, shopping e torre corporativa.
Ukraine conducted coordinated attacks on Russian oil refineries, pipeline infrastructure, military airbases, and financial institutions using drones, destroying hundreds of vehicles and military assets in 24 hours.
Venezuela faces a severe electricity crisis affecting 90% of residents despite massive hydroelectric potential and oil reserves. The power system has reached critical capacity limits, jeopardizing economic recovery and oil production ambitions.
Guyana becomes world's fastest-growing economy as Middle East tensions boost oil prices, but faces challenges diversifying beyond petroleum dependency and ensuring wealth reaches ordinary citizens.
The United Arab Emirates' unexpected withdrawal from OPEC exposes deepening rifts within the cartel and threatens to destabilize global oil production coordination and pricing mechanisms.
Canada is investing heavily in expanding Churchill's Arctic port to create a year-round shipping route to Europe, driven by climate change, US trade tensions, and European energy needs. Experts remain skeptical about economic viability without costly icebreaker support.
A community dog named Johnny was severely burned when a woman threw hot oil on him in Goiânia, Brazil. Security footage captured the attack, and forensic examination confirmed thermal burns; the suspect claims she used sanitizer solution.
Nayara Energy reduced petrol by ₹5/litre and diesel by ₹3/litre across 7,000+ stations, marking the first retail fuel price cut in over two years following declining global crude prices.
Delhi's CNG prices jumped Rs 2/kg in the fourth hike within 15 days, while petrol and diesel also surged across major metros, driven by global crude volatility and West Asia tensions.
Pakistan will adjust fuel prices from December 16, with petrol rising slightly to Rs253/liter while diesel drops Rs4 to Rs254.50/liter, reflecting global oil market fluctuations.
A helicopter operated by Saudi oil giant Aramco crashed in Ras Tanura, killing all 14 people on board. The cause remains under investigation.
Following Maduro's capture by US forces, Trump announces plans to open Venezuela's oil sector to major American companies for infrastructure repair and profit generation.
Trump declares Cuba's communist regime will collapse soon due to loss of Venezuelan and Mexican oil supplies. The cutoff of petroleum shipments has triggered Cuba's worst energy crisis, with the U.S. president warning no further aid will reach the island.
Commercial LPG cylinder prices reduced across major Indian cities from November 1, with Delhi seeing a Rs 5 cut to Rs 1,590.50, offering relief to restaurants and small businesses.
Canada and Germany finalize a landmark liquefied natural gas export agreement, with Canadian Finance Minister Carney positioning the deal as part of broader energy diversification away from US dependence.
New Zealand airfares are falling as oil prices ease following Middle East conflict resolution. Domestic fares dropped 11.4% in May, though airlines note jet fuel remains significantly elevated.
Spring in Seville brings caracoles season, where locals enjoy small snails eaten directly from shells at favorite tapas bars, a tradition distinct from French escargot.
The Aroma Amplifier introduces waterless, flameless essential oil diffusion technology claiming to deliver mood enhancement and stress relief through proprietary AromaPuck cartridges lasting 200+ hours per unit.
Seven OPEC+ member nations agreed to modestly increase monthly oil production despite falling global prices, signaling continued market management efforts amid economic pressures.
The EU permits member states to compensate vulnerable sectors for fuel price increases by covering up to 70% of additional costs, addressing energy crisis impacts on agriculture, fishing, and transport.
The UAE announced its departure from OPEC after 59 years of membership, marking a significant blow to the oil cartel and potentially affecting global oil prices and consumer costs.
JERA Nex bp formalizó la compra de activos de Sumitomo Corporation en los parques eólicos marinos Northwester 2 y Nobelwind, alcanzando el 100% y 80,1% de participación respectivamente.
Crude oil reached its highest price since October 2018 at $71.50/barrel as pandemic restrictions ease and global demand rebounds, driving gasoline prices to $3.07/gallon nationally.
U.S. average gas prices have fallen below $4 per gallon following oil market weakness and a Trump administration deal to reopen the Strait of Hormuz, signaling potential relief at the pump.
CNG prices in Delhi and Mumbai rose by ₹2/kg on May 15, following petrol and diesel hikes of ₹3/litre, driven by OMC losses from West Asia crisis and elevated global energy costs.
Trump threatens total naval blockade of Strait of Hormuz to cut Iranian oil exports, risking global energy crisis and escalating Middle East tensions after failed peace talks.
BP acquires 40% stake in production-sharing agreement for six hydrocarbon blocks in Uzbekistan's Ustyurt Norte region, partnering with SOCAR and Uzbekneftegaz to explore oil and gas resources in Central Asia.
Timor-Leste officially joined ASEAN in 2025 after 14 years, with Malaysia's PM Anwar Ibrahim instrumental in building consensus. The nation now aims for ASEAN chairmanship in 2029 while diversifying beyond oil-dependent economy.
Spain's Ibex index fell 2.39% as crude oil spiked to $114/barrel amid escalating tensions in the Strait of Hormuz, dragging European markets down roughly 1.5% overall.
Japanese researchers achieved 3.6x brighter red LED emission using europium-doped gallium nitride on semipolar crystal planes, enabling next-generation full-color micro-LED displays with improved wavelength stability.
US natural gas exports surge to fill supply shortages created by geopolitical conflict and damaged Middle Eastern facilities, positioning America as critical energy supplier despite domestic oversupply.
CIA Director John Ratcliffe visited Havana to meet Cuban officials including Raul Castro's grandson as the island faces severe energy shortages and oil depletion.
Voyager 1, launched in 1977, remains operational 25 billion kilometers away in interstellar space, transmitting data via nuclear power despite declining energy reserves.
The UAE announced its departure from OPEC, receiving President Trump's endorsement. The move signals potential fracturing within the oil cartel's influence on global energy markets.
An explosion at Qatar's Ras Laffan LNG complex killed at least 13 workers and injured 66 during operations restart, with 18 reported missing.
Petrol and diesel prices hit their highest levels since May 2022 with a fourth hike in 11 days, rising Rs 7.5 per litre cumulatively due to global crude oil disruptions and geopolitical tensions.
A Saudi Aramco helicopter crashed in Saudi Arabia, killing all 14 people on board near a major oil refinery. The incident occurs amid regional tensions as Gulf ceasefire efforts show signs of strain.
Cuba experiences widespread power outages exceeding 2,000 MW as the nation exhausts fuel reserves, threatening healthcare systems and triggering growing public protests amid international pressure.
Oil prices edged higher Wednesday as U.S. crude stockpiles fell more than expected and optimism grew around a coronavirus relief package, though global demand remains depressed by the pandemic.
The IMO chief argues military escorts alone cannot ensure safe passage through the Strait of Hormuz, where 20% of global oil and gas transit, as disruptions inflate energy prices and strain supply chains.
Brent crude topped $71/barrel, a 2.5-year high, as OPEC+ reaffirmed gradual output increases while summer demand recovery and tight inventories fuel bullish sentiment.
The UAE's planned exit from OPEC represents a critical blow to the oil cartel's cohesion and pricing power, with analysts describing it as potentially marking the beginning of the end for the 66-year-old organization.
Pakistani petrol and diesel prices are anticipated to decrease by Rs9 and Rs3.50 per litre respectively by mid-August, following four consecutive increases, driven by global oil price fluctuations and rupee exchange rate adjustments.
Tomtoc's Nintendo Switch OLED Slim Protective Case delivers ultra-thin hard shell protection with 10 cartridge slots, ideal for minimalist travelers who prioritize compact design over accessory storage.
Gazprom officially began commercial crude oil extraction at the Chona complex in eastern Siberia, featuring 150+ technical facilities and advanced engineering solutions for challenging geological conditions.
India's government has banned industrial, commercial, and institutional users from buying petrol and diesel at retail pumps, forcing them to use bulk purchase channels. The move addresses abnormal demand shifts caused by significant price gaps between retail and bulk pricing.
Shrinking oil reserves are creating critical pressure on global energy markets, with Europe facing potential supply shortages and transport sectors experiencing price impacts as OPEC redefines export routes.
China's Commerce Ministry orders domestic energy companies to ignore US sanctions on Iranian oil operations, escalating geopolitical tensions over petroleum trade and financial channels.
Oil prices fell Wednesday after U.S. crude stockpiles unexpectedly rose by 1 million barrels due to refinery shutdowns from severe winter weather in southern states, contradicting forecasts for inventory draws.
The UAE's abrupt exit from OPEC marks a significant geopolitical and economic shift, driven by production quota constraints and regional tensions. While immediate impact is limited by current Gulf blockades, it could fundamentally reshape oil markets and accelerate the transition away from hydrocarbon dependence.
Article lists 15 whole foods including berries, vegetables and salmon that may support kidney function through anti-inflammatory and antioxidant properties, emphasizing hydration and reduced processed food intake.
North Korea has unveiled a new plant designed to produce weapons-grade uranium, according to state media photos analyzed by experts. The facility represents an escalation in the country's nuclear weapons development program.
Anticipated US-Iran agreement on nuclear program and regional tensions sparked market rallies and oil price drops. A one-page memorandum could materialize within 48 hours, with uranium enrichment suspension and sanctions relief on the table.
U.S. gas prices climbed to $4.23 per gallon, marking a new yearly high as geopolitical tensions and supply concerns drive oil markets upward despite limited American OPEC dependence.
Nigerian officials reaffirm OPEC commitment as UAE's May 2026 exit raises concerns about weakened cartel influence on global oil prices and potential revenue losses for Nigeria.
Take-Two Interactive will release 6 remakes and remasters across fiscal years 2028-2029 as part of a broader pipeline of 29 games planned through 2029, following GTA 6's launch.
United Arab Emirates withdraws from OPEC, marking a significant shift in Middle Eastern oil politics and potentially weakening the cartel's influence over global energy markets and climate policy.
The UAE announced its withdrawal from OPEC effective May 1, 2026, to pursue independent oil production increases. This could benefit India by increasing global crude supply and reducing import costs.
U.S. gasoline prices are climbing toward $3.20/gallon due to refinery shutdowns, winter weather impacts, and Red Sea shipping disruptions, with futures suggesting further increases ahead.
Nayara Energy reduced petrol by Rs 5 and diesel by Rs 3 per litre, becoming the first retailer to cut prices in over two years following easing West Asia tensions and declining global crude oil prices.
Oil prices edged higher as OPEC+ supply cuts tighten markets and China pledges economic stimulus, though global weakness from eurozone and U.S. data tempers gains.
Nigeria's indigenous oil and gas service providers will take center stage at the 2026 Offshore Technology Conference in Houston, with PETAN leading efforts to position local companies as key drivers of Africa's energy transformation.
Ukraine conducted a significant drone attack on Russia's Saratov refinery, marking one of the deepest strikes against Russian petroleum infrastructure. The operation reflects Ukraine's expanding offensive strategy to target enemy logistics and energy production.
CNG prices in Delhi-NCR jumped by Re 1/kg to Rs 80.09, marking the second hike in two days. The increases follow global energy volatility linked to West Asia conflict.
The UAE's unexpected withdrawal from OPEC signals a shift in Middle Eastern oil politics and closer alignment with US interests, testing Saudi Arabia's dominance in the cartel.
Saudi Aramco reported a 25-26% jump in Q1 profits despite regional conflict, leveraging pipeline capacity and export route diversification. CEO warns of prolonged oil market disruption from production losses.
German prosecutors have charged a Ukrainian national in connection with the Nord Stream pipeline explosions. The case marks a significant development in the investigation of the 2022 sabotage that disrupted European energy supplies.
OPEC+ announced a production increase of 188,000 barrels per day, signaling continued efforts to manage global oil supply amid market dynamics.
OPEC+ announced a production increase of 188,000 barrels per day effective June 2026, signaling continued efforts to manage global oil supply and market stability.
India's November 1 fuel revision cuts commercial LPG prices by up to Rs 6.50 per cylinder across metros, offering relief to businesses, while jet fuel prices rise nearly 1% for the second consecutive month, pressuring airline operating costs.
Chinese researchers identified compounds in sugar refinery molasses that reduce harmful oral bacteria in dogs, eliminating bad breath through a three-mechanism process rather than masking odors.
CNG prices in Delhi-NCR jumped Re 1 per kg to Rs 80.09, marking the second hike in two days as global crude oil tensions drive fuel costs higher across India.
Advanced spectroscopic observations of NGC 6563 reveal its distinctive ear-like lobes are 7,500-8,800 years old, predating the main shell by thousands of years and suggesting a complex evolutionary history involving binary interactions.
Brazil's ANP confirmed crude oil found by a farmer in Ceará belongs to the state, not the landowner. The farmer may receive 0.5-1% royalties if commercial extraction proceeds.
UAE accelerates construction of a major oil pipeline through the desert to bypass the Strait of Hormuz, doubling capacity of its alternative route amid prolonged regional conflict.
Trump directs the DOJ to immediately investigate alleged price gouging by oil companies, claiming gas prices aren't declining proportionally with crude oil prices.
Trump directs DOJ to investigate major oil companies for price gouging despite their $100M campaign support. Industry signals no immediate relief for consumers.
U.S. gas prices reached $4.23 per gallon, marking a new yearly high. Energy experts warn of further increases as geopolitical conflicts continue to disrupt global oil markets.
CNG prices in Delhi-NCR jumped Rs 1/kg on Sunday, marking the second hike in two days totaling Rs 3/kg. The increases follow global crude oil price spikes driven by West Asia geopolitical tensions.
UAE condemned a drone attack on its nuclear facility, warning of dangerous escalation. The IAEA expressed concern while oil prices surged amid renewed Middle East tensions.
Japan faces its worst ethylene shortage in five decades due to Strait of Hormuz closure, threatening supplies of bananas that account for a major portion of household food spending.
Jetti Petroleum will raise diesel prices by P18 and gasoline by P8 per liter on March 24, marking the 10th consecutive weekly increase driven by Middle East conflict impacts on global oil markets.
Nutritionists explain which oils withstand high temperatures without releasing harmful compounds, with avocado and peanut oils recommended over olive oil for frying.
Multiple governments and airlines are issuing travel warnings and suspending service to Cuba amid an ongoing energy crisis, power outages, and fuel shortages affecting tourism and international connectivity.
Scientists discovered that ancient subducted tectonic plates continue warping Earth's rock layer 1,800 miles below the surface, revealing a global connection between surface plate motion and deep mantle deformation.
Former U.S. Treasury official Marshall Billingslea states the Trump administration is replicating its Venezuela strategy against Cuba, leveraging Cuba's loss of Venezuelan oil subsidies and asserting control over Venezuelan petroleum revenues through U.S. Treasury accounts.
Asia's rapid technological expansion coupled with continued petroleum dependence presents a cautionary economic model for global markets, highlighting tensions between innovation and energy security.
Trump administration officials are in active dialogue regarding California's strategic petroleum reserve and oil infrastructure, with White House representatives visiting contested pipeline projects in Santa Barbara County.
Iran's petroleum sector is in crisis, storing crude in abandoned tanks and attempting rail transport to China as sanctions cripple exports and economic output.
Oil prices gained 0.49-0.51% as Iran's intensifying protests threaten 1.9M barrels/day of exports, though Venezuelan crude resumption limits price increases.
Venezuela's interim leader Delcy Rodríguez and US Interior Secretary Doug Burgum signed agreements with Shell and negotiated a major gold deal, signaling potential normalization between the countries.
Saudi Aramco and Emerson collaborate to develop next-generation corrosion management solutions using ultrasonic sensors, wireless connectivity, and real-time data analytics for oil and gas operations.
Multiple Indian stocks face scrutiny as companies release Q4 FY26 earnings, with automotive, airline, textile, and energy sectors affected by policy changes and operational performance.
India's benchmark indices Sensex and Nifty fell sharply on March 4, with Sensex dropping 1.40% and Nifty declining 1.55%, driven by escalating Middle East tensions and rising crude oil prices that weakened investor sentiment across Asian markets.
Archaeological excavations at Velanai Island in northern Sri Lanka reveal the earliest confirmed prehistoric occupation dating to 3,460 years ago, challenging assumptions that the semi-arid region was uninhabitable and suggesting earlier coastal sites were submerged by rising sea levels.
CIA Director John Ratcliffe met with Cuban officials in Havana to discuss improving US-Cuba relations amid the island's energy crisis, with Washington offering $100 million in aid conditional on significant reforms.
Bureau Veritas vende su división Oil & Petrochemicals a Triton Partners por €470M, operando en 45 países con 320 instalaciones, como parte de su estrategia LEAP | 28 de reorientación hacia negocios de mayor crecimiento.
An investigative report reveals how exploitation of Cabo Delgado's ruby, timber, and gas reserves—combined with corruption and security force abuses—has fueled a decade-long Islamist insurgency that has displaced over 1 million people.
Seville painter Alberto Rubio completes an oil painting depicting King Felipe VI and Queen Letizia in formal gala attire, inspired by 17th-century court portraiture. The non-official work took over a year to complete and the artist hopes to display it publicly.
Camisea and Peru's Energy Ministry signed an agreement to promote liquefied natural gas (LNG) in transportation, offering fuel at 50% cheaper than diesel while reducing emissions and import dependence.
A icónica Eames Plastic Chair ganha versão sustentável em plástico reciclado a partir de 2024, mantendo o design original com novos materiais e cores.
Morgan Stanley acelera processo de venda da Farm, mas Roberto Jatahy condiciona aprovação a renegociação societária que resolva conflito com Alexandre Birman.
Designer Jae Tips reimagines Skullcandy's Crusher ANC 2 headphones with a translucent green shell and retro gaming aesthetic, exposing internal mechanical elements as design features.
Brazil's Tax-Free Day features gasoline at reduced prices across major cities and over 100,000 participating stores offering average 33% discounts to highlight the country's high tax burden.
CNG prices in India rose ₹2 per kg for the fourth time in two weeks, reaching ₹83.09 in Delhi, driven by global crude volatility and West Asia conflict disrupting energy supplies.
The UAE ended its 59-year OPEC membership in May 2026, citing production quota constraints and geopolitical tensions with Iran. The exit marks the cartel's most significant defection and signals potential volatility in global oil markets.
The EU urges member states to redirect regional structural funds toward defense preparation, energy innovation, and security initiatives, combining FEDER and Just Transition funds to address the energy crisis.
EU gas storage levels are critically low at 35.4% in May 2026, the worst since 2021, due to Russian supply cuts and Middle East conflict reducing global LNG availability. Winter 2027 preparations lag significantly behind 2022 crisis levels.
eralytics announces ISO 24966 publication, a new global standard for Modified Continuously Closed Cup flash point testing that improves safety, precision, and speed over traditional methods.
The UAE has quit OPEC after six decades, dealing a major blow to the cartel's influence over global oil markets. The departure of the third-largest producer signals growing geopolitical tensions and a shift toward monetizing reserves before fossil fuel demand declines.
U.S. gas prices are expected to average $4.80/gallon this summer, with potential to reach record highs due to Middle East supply disruptions and seasonal demand increases.
Commercial LPG cylinder prices jumped Rs 195.50 on April 1 due to global oil price surges linked to West Asia conflict, while domestic cooking gas rates remained unchanged.
Delhi's CNG prices crossed Rs 80/kg for the first time following consecutive hikes by IGL, driven by Middle East tensions and Strait of Hormuz supply concerns affecting global crude markets.
Two sanctioned Russian shadow fleet oil tankers caught fire in the Black Sea off Turkey's coast, with crews safely rescued. Authorities investigate whether mines, targeted attacks, or external impacts caused the incidents.
Four teenagers from the same family were killed and two injured when an unexploded mortar shell they found exploded in Kashmore, Pakistan. The children had discovered the device in a field and brought it home, where it detonated while they were handling it.
India's government increased commercial LPG cylinder prices by Rs 993 while protecting domestic consumers from global fuel volatility, keeping household prices unchanged.
Abu Dhabi is fast-tracking construction of a second West-East pipeline to Fujairah, expected online in 2027, to double ADNOC's export capacity and reduce vulnerability to Strait of Hormuz disruptions amid regional tensions.
CIA Director John Ratcliffe made an unexpected visit to Havana to meet with Cuban officials amid the island's severe energy crisis and ongoing protests, signaling intensified US-Cuba negotiations.
US and Qatar warn that EU's strict methane regulations risk deterring American liquefied natural gas exports to Europe, potentially undermining energy security amid ongoing supply concerns.
India's government has directed ONGC to build a ₹15,000 crore strategic petroleum reserve facility in Mangaluru, expanding emergency crude storage capacity by one-third in response to supply vulnerabilities exposed by regional conflicts.
Major LNG producers like Qatar are disabling ship tracking systems to navigate Iran-controlled waters, adopting opaque maritime practices previously used in sanctioned Russian oil trade with lasting implications for global energy transparency.
Sempra Infrastructure has begun LNG production at its Energía Costa Azul plant in Baja California, with first phase completion expected summer 2026 and commercial sales to follow, targeting Asian markets via the shortest Pacific route.
Chevron highlights Southern Louisiana workers supporting offshore Gulf oil and gas operations that supply 14% of U.S. crude oil, emphasizing safe asset retirement and aviation safety.
A cardiologist clarifies misconceptions about atherosclerosis, stressing that lifestyle factors—not just genetics—drive artery blockage, affecting an estimated 150 million Indians in 2025.
Five children sustained severe burn injuries after a man threw boiling oil at them in Unnao, Uttar Pradesh, following an accidental water spill during a religious ceremony. The accused remains absconding.
Oil marketing companies raised commercial LPG cylinder prices by ₹49 effective February 1, impacting hotels and restaurants, while domestic LPG prices remain unchanged.
Water distribution resumed in Manatí, Las Tunas after over a month of service interruptions caused by pump station failures. Repairs to the main pumping facility and installation of a 10-kilometer pipeline have restored supply to urban areas.
An explosion at Qatar's largest liquified natural gas facility in Ras Laffan killed at least 13 workers and injured 66 during restart operations after maintenance shutdown.
Oil prices edged higher as China relaxed COVID restrictions, boosting demand expectations, while OPEC+ output increases face practical limitations due to sanctions and capacity constraints.
Florida-based Vanguard Energy is in advanced negotiations to send Cuba its largest US fuel shipment since 1960, comprising 250,000 barrels of diesel and gasoline destined for the private sector amid the island's severe energy crisis.
Pakistan's petrol and diesel prices are projected to increase by Rs. 2.50-2.60 per liter from December 16, driven by new taxes on petroleum products to support refinery upgrades.
The European Commission announced €2 million in emergency humanitarian aid to Cuba to address severe energy shortages affecting 62% of the island and resource scarcity impacting millions.
Delhi's CNG prices jumped ₹1/kg to ₹80.09 on May 17, marking the second hike in 48 hours. IGL attributes the increases to rising input gas costs and USD appreciation.
Raízen, Brazil's leading biofuel and fuel distributor, unveiled a R$65 billion debt restructuring plan converting 45% of debt to equity at R$0.25/share while Shell injects R$3.5 billion, transferring majority control to creditors.
The Idemitsu Maru, a fully loaded LNG tanker, successfully crossed the Strait of Hormuz, marking the first major energy shipment to exit the Gulf since early March amid regional tensions.
Philippine oil companies forecast fuel price rollbacks for the third straight week, with diesel dropping ₱2.50-2.70/liter and gasoline ₱1.80-2.00/liter starting May 9.
Two Bulgarian nationals were arrested on the M20 after allegedly stealing over 10 drums of cooking oil from a pub in Bearsted early May 29. Police recovered the items within 20 minutes of the reported burglary.
Oil prices declined as U.S. crude inventories unexpectedly increased and European lockdowns threaten fuel demand, though vaccine rollouts offer longer-term relief.
CNG prices in Delhi rose by Re 1 per kg to Rs 80.09, marking the second increase in a week as input costs and USD appreciation drive hikes.
Bombay High Court rejected a petition demanding CBI investigation into allegations that Reliance Industries illegally extracted natural gas from ONGC's Krishna-Godavari basin fields between 2004-2013.
A Japanese-linked oil tanker carrying 2 million barrels of petroleum successfully passed through the Strait of Hormuz, marking the first refinery ship transit since the conflict began in the region.
Spanish judicial investigation alleges former PM Zapatero orchestrated petroleum operations from the presidential office involving Venezuelan official Delcy Rodríguez and Chinese Communist Party interests, with connections to airline bailout fraud.
US crude stockpiles fell to their lowest level since January 2020, with oil prices remaining near $75/barrel despite minor slips. The inventory drawdown suggests COVID-19's Delta variant has minimal impact on fuel demand.
Oil prices edged higher on Tuesday as traders awaited weekly US petroleum inventory data. WTI crude rose 0.8% to $59.64/barrel ahead of API and EIA reports.
Cuba expressed willingness to hear details on a $100 million US humanitarian aid proposal, though questioning its terms amid ongoing economic embargo and energy crisis affecting the island.
New Zealand's natural gas reserves fell 11.5% in a year as major fields like Māui and Pohokura wind down faster than expected, threatening electricity security and industrial operations.
Nigerian crude producers delivered only 46% of allocated volumes to domestic refineries in Q1 2026, with pricing disputes between producers and refiners cited as the primary cause of the shortfall.
India's government slashed excise duty on petrol and diesel by Rs 10 per litre to shield consumers and oil companies from 62% crude price increases, accepting a Rs 1.3 lakh crore revenue loss while imposing export duties to offset windfall gains.
Oil marketing companies hiked commercial LPG prices by up to Rs 218 on April 1, driven by global crude oil surge to $116/barrel amid West Asia tensions affecting major supply routes.
U.S. gas prices hit $4.54/gallon, the highest since July 2022, driven by Middle East supply disruptions. Prices remain 52% above pre-conflict levels despite crude oil price declines.
The United States received 13.5 kg of enriched uranium from Venezuela in a significant nuclear material transfer. The shipment represents a notable diplomatic and security development between the two nations.
Indonesia's palm oil exports projected to reach 34.44 million tonnes in 2022, up 3.19% year-over-year, with production expected to jump 2.95% to 48 million tonnes, according to industry association GAPKI.
Nayara Energy reduced petrol by Rs 5/litre and diesel by Rs 3/litre across 7,000+ stations, becoming the first retailer in over two years to cut prices as international crude softened following West Asia tensions easing.
Raízen, Brazil's Shell fuel distributor, gains 75% creditor approval for an extrajudicial recovery plan restructuring R$64.7 billion in debt with three repayment options.
The UAE has exited both OPEC/OPEC+ and OAPEC to prioritize increasing its own oil production, weakening OPEC's control over global supplies and widening its rift with Saudi Arabia.
Azerbaijan's SOCAR has become a major player in Israeli gas infrastructure, holding stakes in multiple fields and providing backup LNG supplies to Egypt and Jordan when Israeli exports are disrupted, while enabling gas sales to buyers avoiding direct Israeli purchases.
The UAE withdraws from OPEC and OPEC+ effective Friday, citing national interests and breaking a 59-year membership. The move weakens the cartel amid Middle East tensions and could increase oil market volatility.
Venezuela signed a memorandum with British Petroleum to explore offshore gas fields in Deltana and Loran-Manatee, marking BP's return after US sanctions relaxation and signaling renewed international energy cooperation.
A drone attack has targeted a nuclear power plant in the United Arab Emirates, marking an escalation in Middle Eastern regional tensions and raising concerns about critical infrastructure vulnerability.
Oil prices rose as Saudi Arabia and Russia extended voluntary supply cuts through December 2023, with Brent crude crossing $90/barrel for the first time since November amid concerns about tight near-term supplies.
India declined Russia's offer of sanctioned LNG cargoes despite Middle East-driven energy concerns, prioritizing compliance over supply needs. The decision leaves Russian shipments stranded as New Delhi balances energy security with sanctions risk.
Venezuela autoriza a la empresa británica Shell a explorar y explotar un campo de gas bajo la nueva Ley de Hidrocarburos, marcando los primeros acuerdos bajo este marco regulatorio.
Middle East conflict blocks Strait of Hormuz, cutting global oil supply by 8 million barrels daily. IEA releases record strategic reserves while alternative routes and production cuts aim to stabilize markets.
Nearly 48% of U.S. adults have hypertension, often unaware. Everyday habits like excess sodium, poor sleep, and OTC medications quietly elevate blood pressure without obvious symptoms.
