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India increased imports of Russia's Far East crude blend ESPO by 6% year-over-year in January-July due to disruptions in Middle Eastern oil supply routes and reduced Chinese spot market activity.

Kazakhstan's government announced a plan to more than double its crude oil refining capacity from 18 million tons to 29 million tons per year by 2040, with an additional 10 million tons from a new refinery.

Qatar and UAE have conducted rare LNG cargo transfers outside the Strait of Hormuz due to ongoing disruptions, a highly unusual practice for LNG shipments.

Middle distillate cracks have reached record highs due to a combination of renewed Middle East conflict affecting the Strait of Hormuz and Russia's ban on diesel exports following Ukrainian drone attacks on refineries.

The Strait of Hormuz saw reduced tanker traffic, with only four crossings reported on Tuesday compared to a ten-day average of 13, as U.S.-Iran tensions escalate.

U.S.

Oil prices rose in early Asian trade as WTI reached $91.05 per barrel (+0.92%) and Brent reached $95.68 per barrel (+1.19%) following renewed hostilities between the U.S.

Saudi Arabia aims to displace over 1 million barrels per day of domestic liquid fuel consumption by 2030 using natural gas and renewables, with nuclear power planned for further reduction post-2030.

The Port of Corpus Christi was selected as one of two sites for a project integrating small modular reactors (SMRs) to expand nuclear power usage in industrial sectors.

In recent years, the European Union has replaced one critical energy and security vulnerability with another heavy dependence for its …

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell 2.6 million barrels in the …

A federal judge allowed antitrust lawsuits against major U.S.