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Russia Warns of Force Majeure on Oil Cargoes After Port Disruptions

Russia’s oil exporters are warning buyers that cargoes from its key Baltic ports may not be delivered at all. Russian …

Aker BP’s Earnings Slide Masks a Massive Growth Push

Aker BP’s 2025 Annual Report confirms what the market has been sensing for months: this was not a peak year—it …

A Key Russia-Iran Supply Line Remains Open Despite the War

All the bombs dropped by the United States and Israel over the past four weeks on Iran have not disrupted …

US Drillers Pull Back As WTI Soars Past $98

The total number of active drilling rigs for oil and gas in the United States fell this week, according to …

$100 Oil Is Solving Russia's Budget Problem

Russia is getting an unexpected windfall from the war in the Middle East. The Kremlin’s oil revenues this month hit …

U.K. Oil Producer Urges North Sea Revival as Hormuz Crisis Disrupts Supply

Serica Energy has urged the government to prioritise domestic production in the North Sea, as oil and gas supplies continued …

Asia Begins Pricing U.S. Oil Against Brent as Dubai Volatility Spikes

Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical …

Brent Surges Past $110 on Iran Rejection

Oil markets are being driven by the standoff over the Strait of Hormuz, with Iran rejecting U.S. terms and delays …

Russia's Baltic Ports Burning Again as Ukraine Drone Campaign Enters Third Day

Russia's vital oil export loading ports on the Baltic Sea appeared to be on fire again early on Friday, as …

Gulf States Weigh a Difficult Choice as Iran War Escalates

Caught in the crossfire of the United States and Israel's war with Iran, America's allies in the Persian Gulf face …

Maersk Slaps Emergency Fuel Surcharge as War Upends Marine Supply Chains

The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running …

Oil Traders Caught Between Diplomacy and Disruption Risk

Nearby WTI crude oil spent the week ending March 27 in a trader’s market, with headlines on U.S.-Iran diplomacy driving …