Iran war shifts profit from crude to refineries
Pumping crude made the real money for the likes of Exxon, Chevron, Shell, and BP. The Iran war has turned that order on its head...
Category : Oil & Gas
Higher oil prices, Malaysia joint venture exit lift Aramco’s Q3 profit 34.5%
Aramco reported a net profit of USD 36.25 billion in the three months ended September 30 compared with USD 26.9 billion in the year-earlier period...
Indonesia plans new oil and gas body to unlock investment, reduce foreign dependence
Energy Minister Bahlil Lahadalia said the new institution would be one of the key provisions in revisions to Indonesia's 2001 Oil and Gas Law...
Saudi Arabia to store oil in Singapore’s Jurong Rock Caverns to boost Asia supply security
The Kingdom plans to store crude oil in Singapore from 2027, strengthening Aramco’s Asian supply chain and regional energy security amid shipping disruptions...
QatarEnergy in talks for US LNG supplies from Woodside, Venture Global to meet customer demands
An agreement between the QatarEnergy and Woodside Energy could cover supplies from the 16.5 mtpa export facility for between 15 and 20 years...
Trump taps emergency heating oil reserve as elevated costs dominate midterm narrative
The Department of Energy said that the release would help get fuel to areas facing shortages, with deliveries expected to be completed by November 13...
Saudi boosts oil output despite Iran disruptions, targets 10 million bpd export capacity
The Kingdom pumped 8.372 million barrels per day in September, up well over two million bpd from August, stated OPEC+ data...
Trump expands tax-exempt diesel access as high fuel prices become midterm issue
Trump said the executive order will waive off-road requirements and allow anyone to purchase tax-free so-called red dye diesel...
Gulf oil exports return to pre-Iran war levels as Aramco chief warns of depleted stocks
Saudi Arabia drove a sharp recovery in energy exports in September, with shipments rising by about 4.2 million bpd from August to 6.6 million bpd...
IF Insights: How America’s diesel shock became a midterm crisis for Donald Trump
Record pump prices and equally record-low stocks have turned the fuel behind America's trucks and tractors into the sharpest issue of the 2026 campaign...