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Oil Prices Slip as Trump-Putin Diesel Deal Raises Supply Hopes
Crude oil prices began the week with a dip on traders' expectations of a boost in diesel fuel supply under the deal agreed by the presidents of Russia and the United States. However, the…
Read at OilPrice.comOil prices slide as sanctions relief on Russian crude raises hopes of increased supply
U.S. President Donald Trump invoked the Graham Act’s national-interest waiver to suspend new duties on Russian goods and major Russian energy buyers
Read at CNBC EnergyApproval and Promulgation of Implementation Plans; Arizona; Revisions to the Cleaner Burning Gasoline, Winter Oxygenated Fuel, and Gasoline Set-Aside Programs
The U.S. Environmental Protection Agency (EPA) is finalizing an approval of a revision to the Arizona State Implementation Plan (SIP) submitted by the Arizona Department of Environmental…
Read at Federal RegisterMarine Mammals; Incidental Take of Polar Bears and Pacific Walruses in the Beaufort Sea and North Slope of Alaska
We, the U.S. Fish and Wildlife Service (FWS), in response to a request under the Marine Mammal Protection Act (MMPA) of 1972 from the Alaska Oil and Gas Association (AOGA), finalize…
Read at Federal RegisterRecord Shipping Costs Force Oil Producers to Slash Prices
Freight is reshaping global oil trade and the prices producers can command for their crude. Soaring shipping costs are pushing delivered prices beyond what refiners are willing to pay…
Read at OilPrice.comHormuz Is Turning Shipping’s Fuel Bill Into a Supply Crisis
The Hormuz crisis is not only hitting crude oil and gas, but also container shipping. It is also tightening its grip on global shipping through the fuel tanks of vessels carrying world…
Read at OilPrice.comBessent: Dropping oil prices before 2026 ends 'will depend' on Iran conflict
Treasury Secretary Scott Bessent said Sunday that oil prices could go down before the end of the year, but it will depend on the Iran war. NBC News's "Meet the Press" host Kristen Welker…
Read at The HillWright defends Trump’s Russian diesel deal as ‘carrot’ for peace
“It's not an economic lifeline for Russia,” the Energy secretary told ABC on Sunday
Read at Politico EnergyWright says Trump administration has not broken promise to lower gas prices amid Iran war
Energy Secretary Chris Wright on Sunday said the Trump administration has not broken its promise to lower gas prices as the Iran war stretches into its eighth month. CNN's Dana Bash asked…
Read at The HillOE Says India May Raise Fuel Prices in November
India may raise fuel prices moderately in November, a brief window to do so before crucial state elections early next year, Oxford Economics said
Read at RigzoneHeat pumps and insulation would cut UK living costs more than new oilfields, study suggests
<p>Warm homes plan would create 50,000 jobs, compared with about 1,100 for Rosebank oilfield, thinktank finds</p><p>Insulating Britain’s homes and investing in heat pumps would do more to…
Read at The GuardianOil Prices Stay High as War Keeps Supply Tight Into 2027
During the first three months or so of the U.S. and Israeli war with Iran, the dominant mood on oil markets was that the conflict would end any day now. The brief June ceasefire reinforced…
Read at OilPrice.comEurope Braces for a Winter Energy Crisis as Gas Reserves Run Low
After months of elevated energy prices, Europe can expect fuel costs to continue rising through the winter months as demand grows. Ongoing energy trade constraints and threats to energy…
Read at OilPrice.comTexas Researchers Say Permian Wastewater Could Cool AI Data Centers
The artificial intelligence boom is placing a dangerous strain on the world’s water and energy resources. As hyperscalers build up resource-hungry data centers at a breakneck pace, demand…
Read at OilPrice.comBolivia’s Energy Crisis Deepens as Natural Gas Reserves Run Dry
Years of underinvestment in Bolivia’s gas industry have left the South American country facing a severe fuel shortage, as energy prices rise ever higher owing to the ongoing war in Iran…
Read at OilPrice.comOPEC's Smallest Member Rewrites Oil Law
African oil producer Equatorial Guinea will next week pass a new package of favorable terms for oil explorers
Read at Rigzone‘Countries are defying gravity’: how much longer can global economy resist chaos?
<p>Sky-high oil prices and geopolitical turmoil have made less of a dent than feared … just don’t bank on it to last</p><p>Inside the vast, glass-walled Queen Sirikit conference centre in…
Read at The GuardianOil hits $110 per barrel for first time since May
An international oil benchmark hit $110 per barrel on Friday, as the industry faces persistent shocks from the U.S.-Iran and Russia-Ukraine wars. The price of Brent crude oil, the…
Read at The HillBrent Oil Hits $110 as Supply Risks Mount
Oil prices surged as traders weighed rising Middle East tensions and supply risks
Read at RigzoneHouse Democrat introduces bipartisan bill to block Trump’s Russian diesel deal
President Donald Trump’s diesel deal with Russia has drawn furor from Republicans and Democrats alike on Capitol Hill
Read at Politico EnergyBrent oil touches $110 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
U.S. crude oil prices rose sharply Friday as Iran escalated attacks in the Strait of Hormuz this week
Read at CNBC EnergyNorway's Untapped Oil and Gas Frontier Is Drawing Renewed Interest
More than three decades after Norway opened parts of the Norwegian Sea to petroleum exploration, potentially significant oil and gas resources remain hidden beneath thick layers of volcanic…
Read at OilPrice.comU.S. Offers Another 17 Million SPR Barrels as Fuel Crisis Deepens
The United States is putting another 17 million barrels of crude from the Strategic Petroleum Reserve on offer, one day after the IEA accelerated emergency stock releases as governments…
Read at OilPrice.comUSA Crude Oil Stocks Drop Almost 9MM Barrels WoW
Commercial crude oil stocks, not including the SPR, came in at 415.577 million barrels on October 9, the EIA's latest weekly petroleum status report revealed
Read at RigzoneIEA Agrees to Release of Outstanding 100MM Oil Barrels
The International Energy Agency said that member countries agreed to complete the release of 100 million barrels of oil that are still outstanding from an intervention in March
Read at RigzoneOPEC+ Meets on Sidelines of Saudi Conference
'The Ministers reviewed market conditions', a statement posted on OPEC's website said
Read at RigzoneTrump calls Ukraine’s renewed strikes on Russian oil refineries ‘a disgrace’
<p>US president says Zelenskyy ‘more difficult to deal with than Putin’ after ‘energy ceasefire’ collapses</p><p>Donald Trump has called Ukraine’s renewed strikes on Russian oil…
Read at The GuardianCurrie Calls Brent 'Vibe Contract' Out of Step with Energy
The world's most important oil benchmark has become little more than a 'vibe contract', according to Wall Street veteran Jeff Currie
Read at RigzoneChina Builds Gas Buffer for Winter
China has stockpiled enough natural gas to meet winter demand, according to analysts
Read at RigzoneMarco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani's Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on the map during Rubio's visit
Read at CNBC EnergyRenewable Fuel Standard (RFS) Program: Reallocation of Additional 2025 Small Refinery Exemptions
The U.S. Environmental Protection Agency (EPA) is co-proposing two approaches to revising the existing 2026 and 2027 small refinery exemption (SRE) reallocation volumes under the Renewable…
Read at Federal RegisterOil Prices Diverge as Supply Risks Mount
WTI surged 3% while Brent edged lower amid shifting shipping costs and tight global supplies
Read at Rigzone5 GOP House members join letter urging Trump to cancel Russia diesel deal, up sanctions
Five House Republicans signed on to a letter Thursday urging President Trump to cancel the Russian diesel deal he announced last week. GOP Reps. Don Bacon (Neb.), Brian Fitzpatrick (Pa.)…
Read at The HillBrian Sullivan: Why the 'real' price of oil is likely $30-$40 higher than where it is now
Physical oil can cost about $38 a barrel more to deliver, as tanker rates surge
Read at CNBC EnergyU.S. crude oil near $98 as Iran steps up attacks in Strait of Hormuz
Oil fell Thursday, as traders assessed attacks on ships passing through Hormuz, while digesting the International Energy Agency's latest monthly report
Read at CNBC EnergyInternational Energy Agency to release more than 20 million barrels of diesel as soon as possible
The Trump administration pushed Europe to release diesel stocks as prices in the U.S. surged to record highs in September
Read at CNBC EnergyAramco CEO Warns Oil Squeeze is Serious
Globally, the squeeze on crude oil is serious, Aramco President and CEO Amin H. Nasser said
Read at RigzoneAngola Seeks to Keep Oil Output Above 1MM Barrels a Day
Angola wants to keep crude production above 1 million barrels per day
Read at RigzoneContainer ship sinks in Strait of Hormuz as Iran steps up attacks
Iran has escalated its strikes on commercial ships transiting Hormuz in recent weeks, as it tries to choke off a rebound in crude oil exports
Read at CNBC EnergyUSA to Use Cold War Era Law to Expand Texas Refinery
Vice President JD Vance announced Trump administration plans to work with Delek U.S. Holdings Inc. to expand a refinery in Texas
Read at RigzoneIEA Says UAE Oil Output Surged to Records in September
Oil output from the United Arab Emirates climbed to record levels last month, the International Energy Agency said
Read at RigzoneTrump Touts 'Massive' Oil, Gas Exploration in Greenland
U.S. President Donald Trump said 'Massive Oil, Gas, and Mineral Exploration is getting ready to begin' in Greenland
Read at RigzoneWhy Trump's diesel deal with Russia may not actually lower prices
President Trump’s controversial diesel deal with Russia may not actually bring down prices ahead of the midterms. Trump announced last week that Russia would “immediately” supply 300,000…
Read at The HillTrump’s Russian diesel deal draws GOP, European pushback — and industry shrug
Trump’s plan to buy diesel from Russia is sparking a political backlash — and further ruptures in the transatlantic alliance — for a deal the oil industry says may never happen
Read at Politico EnergyAramco's New China Refinery Venture Gets 1st Crude Cargo
Saudi Aramco and its local partners have received the first crude cargo for their new refining complex in China
Read at RigzoneOil Gains as Global Supply Risks Mount
Oil gained amid renewed supply disruptions, rising shipping costs and continued pressure on global fuel markets
Read at RigzoneOil prices rise after IEA warns on market constraints; Saudi officials say Aramco facilities attacked
Worries over supply disruptions due to escalating tensions in the Middle East helped to push oil prices higher
Read at CNBC EnergyIran says it’s ‘counting the moments’ until it can strike U.S. warships; Saudi Aramco facilities attacked
Meanwhile, Saudi Arabia's Aramco reportedly came under fresh attack overnight
Read at CNBC EnergyTwo container ships sink near strait of Hormuz amid surge in Iranian attacks
<p>Vessels were hit by missiles as rise in strikes suggests Iran is trying to close waterway before US midterm elections</p><p>Two container ships near the strait of Hormuz have sunk after…
Read at The GuardianTrump's diesel dilemma — by the numbers
Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings
Read at CNBC EnergyMike Pence group urges Trump to reverse Russia diesel plan
Advancing American Freedom, a conservative think tank founded by former Vice President Pence, is calling on the Trump administration not to allow Russia to ship unsanctioned diesel to the…
Read at The Hill‘From liabilities to goldmines’: refineries eye record profits from diesel shortage
<p>Firms turning crude oil into the ‘workhorse’ fuel stand to gain most despite economic fallout from record prices</p><p>Days after Donald Trump announced a <a…
Read at The GuardianTrump: 'Massive' oil, gas, mineral exploration set to begin in Greenland
President Trump announced early Wednesday that “massive” oil, gas and mineral exploration is “getting ready to begin” in Greenland. The president’s brief post on Truth Social pointed to the…
Read at The HillDiesel squeeze set to last well into 2027 as Iran war disrupts supply, IEA says
Diesel supply is expected to remain tight into 2027 as Iran war-related disruption, falling inventories and resilient demand strain the market, the IEA said
Read at CNBC EnergyOil prices mixed as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
Oil prices were little changed as investors assess potential supply disruptions against prospects of more Russian diesel entering global markets
Read at CNBC EnergyMore Republicans come out against Trump's diesel deal with Putin
Senators told Trump, the deal with Russian President Vladimir Putin "will not achieve just ends, nor will it benefit Americans."
Read at CNBC EnergyTrump's diesel deal with Russia equals less than two weeks of U.S. demand
President Donald Trump's diesel deal with Russia comes as he is under pressure to reduce fuel prices with the U.S. midterm elections less than a month way
Read at CNBC Energy‘Oil field trash’ tries to pull off Texas shocker
Jon Rosenthal is trying to break a decadeslong statewide losing streak for Texas Democrats, but he’ll have to defeat a polarizing GOP candidate
Read at Politico EnergyIMF warns global economy ‘could soon test the limits of resilience’
<p>World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026</p><ul><li><p><a…
Read at The GuardianBrent tops $106 after deadly Saudi airport attack, Ukraine says Russia violated energy ceasefire
Ukrainian President Volodymyr Zelenskyy said that "Ukraine supports the ceasefire, and it is important that Russia support it as well."
Read at CNBC EnergyTrump defends Russia diesel deal after bipartisan pushback: 'I made the right choice'
Ukraine President Volodymyr Zelenskyy said that the U.S. easing sanctions on Moscow "plays into Russia's hands."
Read at CNBC EnergyTrump-Putin diesel deal met with fury from Zelenskyy – The Latest
<p>Donald Trump’s deal to buy Russian diesel has been met with fury from Volodymyr Zelenskyy, who said it was ‘a weak decision’ and would generate ‘billions’ in extra revenue for Putin’s…
Read at The GuardianTrump turns to Russian diesel ahead of midterms, but analysts see little price relief
President Donald Trump's latest effort to ease a diesel supply crunch ahead of November's midterm elections is unlikely to make a dent on prices
Read at CNBC EnergyTrump’s deal with Putin will have little impact on US diesel prices, experts say
<p>Analysts say fuel will take weeks to ship and quantity is too small to affect prices, while full deal is unlikely to be met given damage to Russian refineries</p><ul><li><p><a…
Read at The GuardianPutin relayed Iran war proposal to Trump, Kremlin says
Putin's reported call with Trump regarding the Iran war comes on the heels of a deal for the U.S. to buy Russian diesel amid a surge in fuel prices
Read at CNBC EnergyTrump's diesel agreement with Putin accused of contradicting Russia sanctions law
Ukraine President Volodymyr Zelenskyy said in a searing statement that the U.S. easing sanctions on Moscow "plays into Russia's hands."
Read at CNBC EnergyUkraine war briefing: Kyiv blasts peace talks as just ‘smokescreen’ for Trump‘s Russian diesel deal
<p>Trump’s announcement a betrayal of Ukraine, Democrats say; Ukraine strikes major datacentre in Russia. What we know on day 1,690</p><p><strong>Ukrainian peace negotiators in Miami have…
Read at The GuardianTrump strikes deal with Putin to supply Russian diesel to U.S. and global markets
President Donald Trump has few options to reduce diesel prices given the destruction done to refineries by the wars in Eastern Europe and the Middle East
Read at CNBC EnergyTanker attacks in Strait of Hormuz surge to wartime high as Iran tries to choke off oil exports
The escalating attacks are testing whether a rebound in crude oil exports from the Middle East can be sustained under high-risk conditions
Read at CNBC EnergyHurricane Isaias disrupts U.S. oil production in Gulf of Mexico, threatens refineries
The hurricane could tighten a fuel market that is already facing big disruptions from the wars in Eastern Europe and the Middle East
Read at CNBC EnergyOil prices jump 5% on Middle East tensions and US hurricane threat
<p>Global bond market sell-off continues and stocks fall amid reports White House has asked to see options for more strikes against Iran</p><p>Oil prices have risen sharply amid fears about…
Read at The GuardianThe Indian billionaire investing in Trump's refinery project is also buying more Venezuelan crude
Outside the U.S., India is the biggest destination for Venezuelan oil, with Reliance Industries purchasing the bulk of it
Read at CNBC EnergySouth Korea threatens legal action if fuel shipments to Russia found to have broken law
<p>Responding to a Guardian report that revealed thousands of tonnes of fuel was transported to Russia, Seoul said it was investigating the cases</p><p>South Korea will take legal action if…
Read at The GuardianTanker attacked off Qatar as Iran claims route transporting oil through strait of Hormuz will be ‘closed’
<p>Oil rises above $100 as attacks on ships hit new high, amid reports Trump is discussing launching strikes before the US midterms</p><p>A tanker sailing off the north coast of Qatar has…
Read at The GuardianMixed outlook for energy expenditures this winter
We expect energy expenditures this winter to vary because of diverging trends in energy prices among fuels and regional variation in forecast temperatures. We expect that lower prices for…
Read at U.S. EIASenate Democrats probe former Trump official’s connections to oil company
Democratic lawmakers are seeking information on former White House official Brittany Kelm's work with a California oil company
Read at Politico EnergyShell expects refineries to almost double the profit from every barrel of fuel made
<p>Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and Russia</p><p>Shell’s refineries are expected to make record profits on each barrel of…
Read at The GuardianPoland’s ‘solidarity’ push for EU energy resilience in face of Russian aggression
<p>In the second article in a series on the Polish economy, we look at how the country is forging closer ties with its neighbours</p><p>Two miles off the coast of Gdańsk, the white steel…
Read at The Guardian‘Minimal relief’: Trucking groups pan Trump’s diesel executive order
The trade associations said tax relief on dyed diesel would be complicated to implement and do little to increase availability of the fuel
Read at Politico EnergyArgentina will stop Falklands exploiting offshore oilfields, foreign minister says
<p>Pablo Quirno says move is part of Argentinian government’s strategy to peacefully assert sovereignty over the islands</p><p>Argentina’s foreign minister has told an audience that…
Read at The Guardian‘It really hammers people’: Scottish islanders hit by highest diesel prices in UK
<p>Inhabitants of the Hebrides and Shetland tell of how fuel costs are putting the squeeze on commuting, services, food and more</p><p>As fuel prices reach the highest level in the UK since…
Read at The GuardianFuel from South Korea being shipped to Russia as Ukraine war grinds on
<p>Exclusive: Guardian analysis finds more than 150,000 tonnes of fuel was shipped to Russian ports in July and August, some using sanctioned tankers </p><p>Fuel is being shipped from South…
Read at The GuardianMissing justice scrambles Supreme Court oil liability fight
Alito’s recusal from the case has the potential to result in a tied ruling in a battle over oil companies’ liability to pay for climate impacts
Read at Politico EnergyTrump plans executive order seeking to bring down high diesel costs
The announcement, expected during a Monday campaign stop in Nebraska, comes after the White House rejected a ban on diesel exports
Read at Politico EnergyCrude oil prices and refinery margins generally increased throughout the third quarter
Petroleum markets in the third quarter of 2026 (3Q26) were characterized by increasing prices for crude oil and petroleum products amid persistent conflict in the Middle East
Read at U.S. EIAWho’s who in Monday’s Supreme Court climate showdown
The ruling could define the reach of state law nationwide and determine whether local governments can put oil companies on the hook for climate costs
Read at Politico EnergyStrikes by North Sea oil workers could ‘severely disrupt’ UK fuel supplies
<p>Union says staff left with no choice but industrial action after breakdown in pay talks with Texas oil firm Apache</p><p>A looming strike by oil workers in the North Sea could “severely…
Read at The GuardianSoaring diesel prices take their toll on US farmers in midwest corn belt
<p>Fuel costs are biting for crop growers, trucking firms and a host of other industries as Iran war stokes record prices</p><p>Joe Hamilton farms corn and soybeans on 2,500 acres in…
Read at The GuardianTrump rules out diesel export ban after Europe agrees to tap stockpiles
The president made the announcement hours after Europe caved to U.S. pressure and agreed to release from its stockpiles of the fuel
Read at Politico Energy‘Blackmail’: Europe fumes against White House demand for more diesel
White House strong-arming led to G7 countries announcing they would release 100 million barrels of diesel and crude oil from their strategic reserves
Read at Politico EnergyWhere the headlines come from
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An automated reading list for one question: what is happening to American energy policy, and what is happening to the price of a barrel?
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