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  • August 2026
    Trump Administration Considers Reopening Shuttered Refineries

    Oil majors warn of a continuing tight market for petroleum products due to a lack of global refinery capacity as the Ukraine...

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  • August 2026
    China’s Sinopec Buys Russian Oil Imports to...

    China's state-owned Sinopec Corp., the world's largest refiner, has been purchasing Far East ​Russian oil to compensate for oil supplies it had...

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  • August 2026
    Iran Gives the United States Six Demands

    Oil prices are up due to uncertainty about the reopening of the Strait of Hormuz. Brent crude oil, the international benchmark, is hovering...

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  • August 2026
    Qatar Purchases U.S. LNG to Supply Its...

    Qatar Energy, the state-owned national petroleum and natural gas company of Qatar, has purchased 33 U.S. liquefied natural gas cargoes worth about...

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  • August 2026
    Brent Oil Hovers around $80 on Hopes...

    The price of Brent crude oil dropped to its lowest level in over three weeks amid optimism that an agreement to reopen...

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  • August 2026
    Saudi Arabia Forms Coalition to Deter Red...

    Saudi Arabia is forming a military coalition to protect shipping in the Red Sea as attacks by Iran’s proxy Houthis imperil an...

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