Saudi Aramco ordered the evacuation of its Dhahran headquarters on Thursday, October 22, 2026, directing staff to work remotely after an alarm. Multiple sources, including Bloomberg and Reuters, confirmed the move. It is the first full headquarters evacuation since the U.S.-Israeli war with Iran began in late February 2026.BloombergReuters The headquarters, which includes an operations […]
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Unconfirmed Houthi strike claims on Saudi oil sites and a reported mine hit in Hormuz pushed Brent past $111. With diesel at $6.32, truckers, farmers and grocery shoppers carry the load, and U.S. barrels and refineries are the cushion. By Energy News Beat | Tuesday, Oct. 20, 2026 | Pump prices as of 7:19 a.m. […]
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The global liquefied natural gas (LNG) market is locked in an intensifying bidding contest between Asia and Europe, driven by severe disruptions to Qatari supplies through the Strait of Hormuz amid the US-Iran conflict that began in late February 2026. Spot prices have more than doubled—surging roughly 150% from pre-conflict levels near $10.40 per million […]
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European benchmark natural gas prices remain near multi-year highs in mid-October 2026, approaching levels last seen at the end of 2022. The Dutch Title Transfer Facility (TTF) front-month contract traded around €86 per megawatt-hour (MWh)—roughly $96.50/MWh—after a sharp rally driven by constrained Middle East LNG supplies and historically low storage heading into winter. Prices have […]
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Oil prices fell about 2% on October 15, 2026, after reports that the Trump administration is considering easing sanctions on vessels in the so-called “shadow fleet.” Brent crude futures dropped about $2.28 (2.2%) to around $103.78 a barrel, while WTI fell about $1.34 (1.4%) to roughly $93.75, reversing prior gains. The move reflected hopes that […]
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The Iran war that began around February 28, 2026, with U.S.-Israeli strikes and subsequent Iranian responses, has reshaped OPEC+ crude production and, more sharply, refined product exports. Pre-war levels (roughly February 2026) represented a relatively stable baseline after earlier OPEC+ quota management. Current output remains under significant stress from Strait of Hormuz disruptions, infrastructure attacks, […]
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On October 14, 2026, President Donald Trump posted on Truth Social that “Massive Oil, Gas, and Mineral Exploration is getting ready to begin in our new and beautiful Greenland.” He added that experts claim the amount of easily available oil is far greater than that of almost any land anywhere in the world, and that […]
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Chinese refiners are set to slow the pace of inventory drawdowns this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its substantial stockpile buffer against further supply disruptions. Analyst Jianan Sun of Energy Aspects noted that recent purchases of Iraqi and […]
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Newly released footage shows the moment a Houthi strike hit King Khalid International Airport in Riyadh on Saturday, October 10, 2026, in an attack that killed at least 13 people and wounded more than 300—the deadliest assault on Saudi soil in more than a decade. The escalation has prompted U.S. President Donald Trump to state […]
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The U.S. Department of Energy on October 10, 2026, authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address supply disruptions from hurricane activity in the Gulf of America. Source –Energy ExxonMobil and BP America each received authority for up to 2 million barrels. […]
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