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Saudi Aramco offers crude outside Hormuz to some Asian refiners, sources say

2 months ago

17 August 2026

1:32 PM

Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, two ‌sources with knowledge of the matter said on Monday, in a strategy similar to that adopted by United Arab Emirates' Abu Dhabi National Oil Co (ADNOC).

India sets targets for oil companies to boost cooking gas output amid Middle East war

2 months ago

16 August 2026

2:06 PM

India has set a maximum daily cooking gas production target of 63,810 metric tons for state-run and private ‌refineries to ensure domestic supplies and build buffers after U.S.-Israeli war against Iran disrupted supplies of the essential fuel, according to an August 13 government order.

UAE says Iran attacked ADNOC vessel in Hormuz, urges waterway’s reopening

2 months ago

16 August 2026

4:03 AM

The United Arab Emirates said on Saturday Iran had attacked an Abu Dhabi National Oil Company ‌vessel while it was transiting the Strait of Hormuz a day earlier, the Emirati state news agency WAM reported.

Russia’s second new ice-class LNG carrier heads via Northern Sea Route, LSEG data shows

2 months ago

14 August 2026

11:01 AM

Russia's second new domestically-built ice-class carrier for transporting liquefied natural gas, the Konstantin Posiet, departed from Bolshoy Kamen Bay in Primorsky ‌Krai and set a course along the Northern Sea Route, LSEG data showed on Friday.

Russian share of India’s oil imports surges to record high in July

2 months ago

14 August 2026

10:57 AM

Indian dependence on Russia's crude surged to a record in July, with shipments from the country making up 50.83% of imports by the third-biggest oil buyer and consumer, or 2.47 million barrels per day, ‌data from trade sources showed.

TotalEnergies’ Totsa offers Iraqi crude outside Strait of Hormuz, traders say

2 months ago

13 August 2026

11:57 AM

Totsa, the trading arm of TotalEnergies, is offering Iraqi crude for loading ‌outside the Strait of Hormuz, three traders said on Thursday, as continued disruption to shipping through the waterway deters buyers from ⁠lifting cargoes at Iraq's Basrah terminals.

IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

2 months ago

12 August 2026

11:29 AM

Global oil supply will fall by 4.3 million barrels per day, or around 4%, this year, the International Energy Agency said in its ‌monthly oil market report on Wednesday, as renewed hostilities in the Middle East are set to plunge the world deeper into an oil-market deficit.

$13.2 billion gas project moves forward with ADNOC’s $8.2B EPC awards to Wison and Maire’s Tecnimont

2 months ago

12 August 2026

11:22 AM

ADNOC has taken final investment decisions (FIDs) and handed out $8.2 billion in engineering, procurement and construction contracts for phases 2 and 3 of its Rich Gas Development (RGD) project, raising its targeted EBITDA growth to 60% by 2030 versus 2023, which is seen as an upgrade from the previously communicated target of more than 40% over 2023-2029.

Uniper CEO predicts high gas prices as long as Strait of Hormuz shut

2 months ago

11 August 2026

2:18 PM

Uniper expects gas prices to remain at around €50 to €60 per megawatt hour as long as the Strait of Hormuz is ‌closed to shipping, the CEO of Germany's biggest gas importer said.

Russia’s Sibur petrochemical plant in western Siberia shut after drone attack, sources say

2 months ago

11 August 2026

2:14 PM

Russia's Sibur Zapsibneftekhim petrochemical complex in Tobolsk, in the Tyumen region of western Siberia, was damaged in a drone ‌attack on Monday, three industry sources told Reuters.

ADNOC Gas second-quarter profit falls 52% as Hormuz closure hits sales

2 months ago

10 August 2026

1:18 PM

ADNOC Gas reported a 52% slide in ‌second-quarter profit on Monday, with sales hit by the closure of the Strait of Hormuz after the U.S. and Israel launched attacks on Iran. The Abu Dhabi state-owned company's second-quarter profit fell to $665 million from $1.39 billion a year earlier but beat its guidance range of $400 million to $600 million.

Fire extinguished at Aramco refinery in Jazan, Saudi Arabia says

2 months ago

9 August 2026

4:16 AM

Firefighters extinguished a fire that broke out early on Sunday at a facility at Aramco's Jazan refinery in southwestern Saudi Arabia, the Saudi Energy Ministry ‌said, adding that there were no injuries.

UAE says Iran attacked ADNOC vessel with missile in Strait of Hormuz

2 months ago

9 August 2026

4:09 AM

The United Arab Emirates on Saturday condemned what it said was an Iranian attack on a carrier linked to its state oil company as it passed through the Strait of Hormuz, accusing Tehran of "acts of piracy".

U.S. Oil Imports from Saudi Arabia Drop to Zero for the First Time in Four Decades Amid Gulf Tensions

2 months ago

7 August 2026

6:04 AM

U.S. crude oil imports from Saudi Arabia fell to zero in July, marking the first time since 1985 that the United States has not imported Saudi crude, following disruptions to the kingdom’s oil exports and escalating tensions in the Persian Gulf.

Persian Gulf oil exports steady in July, still 40% below pre-war mark

2 months ago

6 August 2026

7:26 AM

Persian Gulf countries' crude oil and condensate exports were largely steady in July and remained about 40% below pre-war levels, ‌shipping data showed, with signs of a slowdown emerging in the second half of the month as fighting in the region intensified again.

India may charge gas users to fund planned $42 billion fuel reserves, sources say

2 months ago

6 August 2026

7:21 AM

India may impose a charge on cooking gas and ‌natural gas consumers to help fund a planned $42 billion strategic fuel reserve, according to two sources with direct knowledge of the matter, after disruptions from the Iran war exposed supply chain vulnerabilities.

South Korea raids petrochemical firms in price-fixing probe, media reports

2 months ago

5 August 2026

6:29 AM

South ‌Korean prosecutors searched seven petrochemical companies as part of an investigation into alleged price fixing involving products such as caustic soda and polyvinyl chloride (PVC), a media report said on Wednesday.

Venezuela’s oil exports fell slightly in July, cargoes to US rose

2 months ago

4 August 2026

6:06 AM

Venezuela's oil exports fell slightly to 1.16 million barrels per day in July from 1.2 million bpd the previous month as the country drained fewer inventories, but exports to the U.S. jumped to some 786,000 bpd, the highest since early 2019, shipping data showed on Monday.

US oil reserve strategy: A futile gamble amid Iran’s Strait of Hormuz leverage

2 months ago

4 August 2026

5:54 AM

Washington's desperate bid to tame oil prices through strategic reserve releases is doomed to fail, experts warn, as Iran's commanding position in the Strait of Hormuz renders American threats increasingly hollow.

India’s Chennai Petroleum plans to expand refining capacity by a third

2 months ago

3 August 2026

7:01 AM

India's state-run Chennai Petroleum Corp plans to expand its refining capacity ‌by a third to 280,000 barrels per day, it said in its 2025-26 annual report issued on Saturday.

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Latest News of Oil, Gas and Petrochemical industry

INTERNATIONAL Feed Atom

Saudi Aramco offers crude outside Hormuz to some Asian refiners, sources say

India sets targets for oil companies to boost cooking gas output amid Middle East war

UAE says Iran attacked ADNOC vessel in Hormuz, urges waterway’s reopening

Russia’s second new ice-class LNG carrier heads via Northern Sea Route, LSEG data shows

Russian share of India’s oil imports surges to record high in July

TotalEnergies’ Totsa offers Iraqi crude outside Strait of Hormuz, traders say

IEA slashes 2026 supply forecast as Hormuz reopening remains elusive

$13.2 billion gas project moves forward with ADNOC’s $8.2B EPC awards to Wison and Maire’s Tecnimont

Uniper CEO predicts high gas prices as long as Strait of Hormuz shut

Russia’s Sibur petrochemical plant in western Siberia shut after drone attack, sources say

ADNOC Gas second-quarter profit falls 52% as Hormuz closure hits sales

Fire extinguished at Aramco refinery in Jazan, Saudi Arabia says

UAE says Iran attacked ADNOC vessel with missile in Strait of Hormuz

U.S. Oil Imports from Saudi Arabia Drop to Zero for the First Time in Four Decades Amid Gulf Tensions

Persian Gulf oil exports steady in July, still 40% below pre-war mark

India may charge gas users to fund planned $42 billion fuel reserves, sources say

South Korea raids petrochemical firms in price-fixing probe, media reports

Venezuela’s oil exports fell slightly in July, cargoes to US rose

US oil reserve strategy: A futile gamble amid Iran’s Strait of Hormuz leverage

India’s Chennai Petroleum plans to expand refining capacity by a third