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Brent crude surges over 3% to $106.50 as Houthi rebels strike Saudi Aramco facilities and a target in Riyadh. UN Security Council condemns the escalation in a rare joint statement.
Iran has presented the US with a seven-day plan to reopen the Strait of Hormuz, FM Araghchi told reporters at the UN General Assembly in New York on September 25.
The White House is weighing a 90-day ban on US diesel exports that would redirect 1 million barrels per day and threaten fuel supply in Europe and Mexico.
Saudi Arabia's Petroline shut down September 11. European refiners lost Arab Light allocations with no substitute at scale. Johan Sverdrup premium hit a record $24.05/bbl.
Saudi Aramco has told all European term customers they will receive no crude oil in October after a drone attack shut the East-West pipeline, sending barrels to Asia instead.
A virtual trading point in the Netherlands sets gas prices for all of Europe. Here's how TTF works and why Middle East shocks transmit to European energy bills.
Trump announced a Ukraine-Russia energy ceasefire, pressing Zelenskyy to halt strikes on Russian diesel refineries as exports fell 81 percent below the five-year average.
Libya's NOC said it may declare force majeure after oil guards closed a valve on the Hamada-Zawiya pipeline, halting two fields and a pumping station.
European gas jumped 6 percent to €84.07 per MWh, the highest since December 2022, as the Saudi pipeline shutdown deepened a supply crisis with storage at a record low.
Saudi Arabia cancels crude cargoes to Europe as the East-West pipeline and Strait of Hormuz remain shut. Brent surges to $108, European refiners scramble for alternatives.
Eight members cut 1.65 million barrels per day in 2023. The UAE left in May 2026 with 3.5 mb/d of baseline. Here is how the quota system works.
OPEC Plus will hold October output steady after six consecutive monthly increases, pausing the unwind of 1.65 million bpd of voluntary cuts as the Strait of Hormuz remains closed.
US diesel hits record 5.85 dollars per gallon, surpassing the 2022 peak, as the Iran war disrupts global fuel supply and pushes up transport costs.
DNB moved 86 tonnes of gold worth EUR 10.3 billion from US and Canadian vaults to London, citing geopolitical tensions and the need to boost crisis preparedness.
The US takes a 55% stake in about a fifth of Venezuela's oil, with nearly $100 billion pledged in investment. Eight months after January's military operation, the deal.
Venezuela is exploring an OPEC exit after discussing the idea with US officials, Bloomberg reported. No final decision has been taken.
OPEC cut 2026 demand growth forecast to 380,000 bpd in its fifth straight monthly downgrade, while raising 2027 outlook on hopes of a post-war recovery.
IEA deepens 2026 oil supply cut to 5.7 million bpd, 35% steeper than August, as Gulf recovery slips to 2027 and inventories hit their lowest since 2023.
China's central bank added 20.2 tonnes of gold in August, its biggest monthly purchase since October 2023, as reserves hit 76.73 million ounces worth $350 billion.