India explores biogas as LPG substitute due to oil supply shock India's government is urgently exploring alternative energy sources, including biogas, to mitigate the impact of the Middle East crisis on oil and gas supply. The country has been grappling with an ene
Geopolitical tensions and potential Strait of Hormuz disruptions lift Brent prices despite uncertain peace talks between the US and Iran. Brent crude prices edged higher as markets weighed renewed risks of supply disruptions in the Strait of Hormuz amid stalled peace negot
Brent crude may exceed Barclays' $100 2026 forecast due to record-low inventories and supply constraints. Barclays maintained its $100 per barrel Brent crude forecast for 2026 but warned of upside risks as global oil inventories plunge to multi-year lows. The closure of th
The bank maintains its long-term oil price outlook despite upside risks from tightening supply trends. Barclays reaffirmed its 2026 average Brent crude oil price forecast at $100 per barrel, citing persistent supply deficits. The bank noted risks remain skewed higher as in
Oil prices hover near $96 after failing to break below key support at $95 amid lingering US-Iran tensions and bearish technical signals. West Texas Intermediate crude trades near $96.32, extending a three-day decline but remaining above the $95.00 psychological level. The
Oil prices retreat for a third day amid easing supply fears on potential US-Iran negotiations progress. West Texas Intermediate crude trades near $96.80 per barrel, extending losses for a third consecutive session. The decline follows growing speculation that the US and Ir
Market volatility persists as crude inventories shrink at nearly double the historical rate amid geopolitical tensions. Crude oil prices fell further as traders reacted to mixed signals from U.S.-Iran negotiations, amplifying market sensitivity to geopolitical developments
President Lula asserts Brazil’s subsoil resources must fuel domestic industry rather than foreign profits, reinforcing state-led extraction policies. Brazilian President Luiz Inácio Lula da Silva has framed oil and rare-earth mining as pillars of national sovereignty, argu
Talks could finalize within weeks, covering six fields and resolving a long-standing legal dispute with Venezuela’s government. Exxon Mobil is in advanced negotiations to resume oil production in Venezuela, nearly two decades after its exit. The potential agreement, expect
The UAE's state-owned oil firm expects the $400 billion project to restore pre-war export levels by mid-2027 despite ongoing conflict. Abu Dhabi National Oil Company (ADNOC) announced its Hormuz bypass pipeline is 50% complete, targeting full operation in 2027. The project
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