Energy
Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Big Oil's Record $200B Profit Year Faces Windfall Tax Pressure
Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine…
HighUS-Iran ceasefire eases India's energy crisis as Strait of Hormuz reopens
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…
HighTurkey secures Iraqi oil stake in historic energy alliance
Turkey's state petroleum company acquires 15% stake in BP-operated Kirkuk oilfield, potentially receiving 1 million barrels daily from Iraq. The deal replaces…
HighSouth Asia's Energy Crisis Opens Strategic Door for Canada
Shipping disruptions in the Strait of Hormuz since February 2026 have exposed South Asia's heavy dependence on Persian Gulf energy, forcing countries to implem…
HighOil Giants Post Record Profits as Geopolitical Tensions Spike Energy Costs
Exxon and Chevron reported combined $26.5B quarterly profits as geopolitical conflicts drive crude prices higher, drawing political criticism over consumer gas…
HighIran strikes Saudi refinery in escalating Gulf energy war
Iran conducted coordinated aerial strikes on Saudi Arabia's Samref refinery and energy facilities across Qatar, UAE, and Kuwait in apparent retaliation for Isr…
Highrich Asian states, hit hardest by Iran crisis, ration energy
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
MediumDangote Eyes Cameroon Fuel Terminal to Expand Regional Distribution Network
Dangote Group has proposed a petroleum storage terminal in Cameroon to expand regional distribution from its Lekki refinery and serve Central African markets,…
HighEl conflicto en Oriente Próximo dispara beneficios históricos de las grandes petroleras
El bloqueo del estrecho de Ormuz tras el conflicto entre Estados Unidos e Israel contra Irán ha elevado los precios del crudo un 65% anual, generando ganancias…
HighUTM Offshore targets September FID for Nigeria's first floating LNG project
UTM Offshore targets September 2026 for final investment decision on Nigeria's first floating LNG project, with financing secured and construction planned for…
HighBrent Tops $71 as OPEC+ Holds Cuts and Summer Demand Surges to 2.5-Year High
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 se…
HighTrump threatens escalated bombing as US and Iran edge toward ceasefire deal
The US and Iran appear closer to ending their two-month conflict, with Trump threatening renewed bombing if Tehran rejects a reported agreement involving urani…
HighOil, stocks tumble as virus lockdowns, China sanctions roil markets
Oil and equity markets declined sharply as Germany extended lockdowns, coronavirus concerns persisted, and new U.S.-European sanctions on China over human righ…
HighBP Profits Double on Oil Trading Surge as Iran Conflict Lifts Prices
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 volatili…
HighTrump's Energy Holdings Surge $1.4M-$4.4M as Oil Tops $100 Amid Iran Conflict
Trump's personal holdings in nine major oil and gas companies gained $1.5M-$4.4M in paper value during wartime with Iran, with trading patterns closely aligned…
HighIran War Depletes Global Oil Reserves at Record Rate
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…
HighDrone strikes hit Libya's largest refinery as political divisions fuel security crisis
Explosives-laden drones attacked Libya's largest oil refinery at Zawiya, causing fires and fuel tank collapse. The incident underscores ongoing security threat…
HighFuel Price Hike Trims Oil Losses by 25%, But Rs 750 Cr Daily Shortfall Remains
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 a…
HighSaudi Aramco helicopter crashes near major refinery, killing all 14 aboard
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…
HighIndian tanker retreats from Hormuz as Iran attacks escalate, oil prices spike
Multiple oil tankers including Indian-flagged vessels are turning back from the Strait of Hormuz following renewed Iranian attacks on shipping. The escalation…
HighUAE's Opec Exit Signals Weakening Cartel Power Over Global Oil Prices
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…
HighUAE Exits OPEC, Signaling Shift Toward Fragmented Global Oil Market
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 suppl…
HighSaudi Aramco profits surge 26% despite Middle East tensions and supply disruptions
Saudi Aramco reported a 25-26% jump in Q1 profits despite regional conflict, leveraging pipeline capacity and export route diversification. CEO warns of prolon…
HighVedanta, Tata Chemicals, SBI Cards Lead Market Watch on Earnings Day
Multiple Indian companies reported strong September quarter earnings with profit jumps ranging from 12% to 185%, while infrastructure and energy sectors secure…
HighUAE's OPEC Exit Could Lower India's Oil Import Costs
The UAE announced its withdrawal from OPEC effective May 1, 2026, to pursue independent oil production increases. This could benefit India by increasing global…
HighIran tensions threaten India's energy security via Hormuz strait disruptions
Escalating Iran tensions risk disrupting the Strait of Hormuz, a critical chokepoint for 20% of global oil and 19% of LNG trade, posing significant energy secu…
HighTrump predicts Cuba's imminent collapse as oil supplies from Venezuela and Mexico dry up
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 C…
MediumCaspian Pipeline Consortium suspends oil loadings after drone attacks on tankers
The Caspian Pipeline Consortium suspended oil loadings after drone attacks targeted tankers near its Black Sea export terminal, disrupting a major energy corri…
HighHormuz Strait Closure Pushes India to Diversify Energy Sources, Boost U.S. Ties
India's vulnerability to Strait of Hormuz closures has accelerated its pivot toward U.S. energy partnerships and renewable development, with crude prices surgi…
HighIraq, Syria restore oil pipeline to bypass Strait of Hormuz amid regional energy shift
Iraq and Syria have signed an agreement to restore an oil pipeline as an alternative to the Strait of Hormuz, with US firms including Chevron signing investmen…
HighEurope faces winter energy crisis as natural gas prices hit record highs
Natural gas prices across Europe have surged to record highs due to depleted inventories, reduced Russian supplies, and competing global demand, threatening ho…
HighUkraine strikes Saratov refinery in deepening assault on Russian oil infrastructure
Ukraine conducted a significant drone attack on Russia's Saratov refinery, marking one of the deepest strikes against Russian petroleum infrastructure. The ope…
HighThailand braces for 4-5% inflation surge as energy crisis prompts emergency borrowing
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 borro…
HighIran shifts Hormuz strategy from crisis weapon to permanent political leverage
Iran is shifting from threatening to close the Strait of Hormuz to implementing managed access control, using inspections and fees as bureaucratic coercion to…
HighIran's Hormuz pledge faces credibility test amid conflicting signals
Iranian parliamentary speaker contradicts foreign minister by warning Hormuz will close if US maintains port blockade, creating uncertainty over strait access…
HighSingapore's Trade Pacts Show How Small States Shape Global Legal Norms
Singapore is pioneering plurilateral trade agreements on supply-chain resilience and digital trade, establishing itself as a norm entrepreneur that shapes glob…
HighOil prices slip on surprise U.S. inventory rise despite tight supply outlook
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 s…
HighBP to invest $3-4B with RIL, ONGC to boost India's oil & gas output
BP plans to invest $3-4 billion with Reliance and ONGC to boost India's oil and gas exploration and production, aiming to enhance energy security as domestic d…
HighUkraine strikes Russian refinery and key pipeline hub amid escalating drone campaign
Ukraine conducted coordinated attacks on Russian oil refineries, pipeline infrastructure, military airbases, and financial institutions using drones, destroyin…
MediumIndia taps ONGC to build ₹15,000 crore strategic oil reserve amid geopolitical tensions
India's government has directed ONGC to build a ₹15,000 crore strategic petroleum reserve facility in Mangaluru, expanding emergency crude storage capacity by…
HighUAE's OPEC Exit Signals Shift in Global Oil Power Dynamics
The UAE's abrupt exit from OPEC marks a significant geopolitical and economic shift, driven by production quota constraints and regional tensions. While immedi…
HighIndia's fuel prices hit record highs as OPEC+ holds output steady
Petrol and diesel prices in India reached all-time highs following seven consecutive increases, driven by surging international crude oil rates above $82/barre…
HighNifty poised for 1-2% gap-down open as Iran tensions lift crude above $80
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 strat…
HighTrump Backs UAE's OPEC Exit as Oil Cartel Faces Fracturing
The UAE announced its departure from OPEC, receiving President Trump's endorsement. The move signals potential fracturing within the oil cartel's influence on…
HighStrait of Hormuz Traffic Plummets as US-Iran Tensions Hit 'Severe' Threat Level
US-Iran escalation has raised maritime threat level in Strait of Hormuz to 'severe', causing tanker traffic to plummet and disrupting roughly one-fifth of glob…
HighTrump Demands Oil Giants Cut Profits, Lower Gas Prices
Trump publicly criticized Exxon and Chevron for excessive profits, demanding they lower gasoline prices. The comments reflect political pressure on energy comp…
HighNigeria Reaffirms OPEC Commitment as UAE Exit Threatens Price Stability
Nigerian officials reaffirm OPEC commitment as UAE's May 2026 exit raises concerns about weakened cartel influence on global oil prices and potential revenue l…
HighRIL Tops Fortune 500 List of Indian Companies; IOC, ONGC Follow
Reliance Industries leads Fortune India's top 500 companies list, with IOC second and ONGC third. RIL also broke into global top 100, signaling India's corpora…
HighCNG Prices Surge Fourth Time in Two Weeks as West Asia Crisis Fuels Energy Crunch
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 disrupt…
HighIran closes Strait of Hormuz; hundreds of oil tankers stranded as OPEC+ announces modest output increase
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…
High