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...
Tag : Strait of Hormuz
IF Insights: AI props up war-hit world economy
The IMF has nudged 2026 growth back to 3.1%, but it rests on a handful of chipmaking economies while energy importers and the Gulf absorb the war's cost...
Iran effect: Qatar turns to US LNG, set to become world’s biggest buyer
Long-term deals with Woodside and Cheniere will give QatarEnergy access to seven million tonnes annually, helping it to offset disruptions to Gulf exports...
TotalEnergies signs LNG deal with ADNOC Gas as UAE ramps up energy exports
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...
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...
US, Russia, Ukraine, Iran to decide how cold winter will be in Europe
Europe, which imports much of the diesel it runs on, enters the heating season with little room for error, amid volatile geopolitics...
Aramco seeks foreign partners to expand oil stockpiles as exports hit five-month high
Aramco responds to energy incidents six times faster than the industry average, helping Saudi restore oil output to around eight million barrels per day...
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...
Gulf economies set for 10.3% rebound in 2027 if oil flows recover, says World Bank
The World Bank expects GCC output to contract by 4.3% in 2026, with the disruptions at the Strait of Hormuz affecting energy exports and other activities...