Oil & Upstream

Crude oil, OPEC+, US shale and upstream energy market news and analysis for commodity traders.

Sasol FY2025 Annual Filing: Risk Disclosures Flag Feedstock and Pricing Pressure on GTL and Synfuels

Sinopec Q1 2026: Refining Windfall Masks a Chemicals Complex Under Pressure

PetroChina Q1 2026: Cash Flow Collapses 39% as Crude Realization Lags Brent by $14

Iran Deal in Sight, But Broken Export Infrastructure Keeps Oil Flows Pinned

J.P. Morgan's Brent outlook implies a $13 recovery the market is not pricing

Recent blackouts in Sumatra and the Java-Madura-Bali grid have exposed barriers to rooftop solar deployment, with Indone

Indonesia 1 Jul

Chemical Industry Pushes Back on EC Plan to Cut Free Carbon Allocations by 17%

Europe's AC Gap Mutes Carbon's Heat-Wave Dividend

Brent Slide Cuts ECB Rate-Hike Odds as Energy Inflation Unwinds

EU Hydrogen Review Puts Hourly GO Timeline at Risk Beyond 2030

BP Fires Second Chairman in Two Years as Board Clashes Emerge

Bloomberg: Crude oil bottoms when stock market drops and stays down

ICE Brent Drops to $72.80 as Doha Talks Drive Hormuz War-Premium Selloff

Libya Ringfences NOC Budget for 2026 as Western Companies Return to Tripoli

Buchan floating wind moves toward engineering design with Kent appointment

UAE Presses Ahead With Hormuz Bypass as Iran War Premium Drains From Crude

Strait of Hormuz 30 Jun

Oil Falls to $72 as AI Data-Centre Orders Accelerate

UAE Departure and Western Supply Growth Expose Limits of OPEC's Market Control

Libya's Ring-Fenced Oil Budget Signals More Than Hormuz Noise

Strait of Hormuz 30 Jun

As Peace Talks Resume, Oil Holds Well Below the Forecasts Written During the Crisis

Exxon Warns Iran Capacity Damage Could Take Five Years to Repair as Brent Slides to $73

Iraq Could Quit OPEC in Bid to Pump More Oil

Libya Seals NOC Budget Ring-Fence as Shell Reopens Tripoli Talks

SPR Draws Accelerate as India Scrambles for Supply Outside Hormuz

Strait of Hormuz 29 Jun

ICE Brent Falls to $72 as Iran Diplomacy Erodes May War Premium

Sonangol Draws $2.65 Billion in Debt as Chevron Exits Angola Blocks

ULSD heating oil front-month neutral pressure from storage

Iran Deal Leaves Gulf Oil Routes Exposed as Brent Retreats to $73

The Oil Market's Peace Dividend Has a 160-Million-Barrel Problem

US Record Crude Exports and Inventory Plunge Expose Tension at Heart of Trump Energy Policy

United States 27 Jun

Bloomberg: Iran oil sanctions relief allows dollar fund collection with no restrictions

Oil's war-premium collapse has not fixed the Fed's inflation problem

Philippine Crude Deal Signals Russia's Wartime Gains in Southeast Asia

Crude Oil's Hormuz Premium Has Vanished Before the Strait Has Reopened

Strait of Hormuz 25 Jun

India's $70 Oil Moment Is Here. The 7% Growth Story Is More Complicated.

US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack

US Strategic Petroleum Reserve 25 Jun

Iraq Weighs OPEC Exit to Unlock More Oil Production

Norway's May Oil Output Beats Forecasts by 7% Despite Drop from April Peak

Cushing Drops Below Operational Minimums as the Crude Sell-Off Accelerates

Brent Slides to $73 as Trump's Lebanon Ceasefire Claim Unwinds the Geopolitical Bid

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