(Reuters) – US crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 8.6 million barrels to 415.6 million barrels in the week ended October 9, the EIA said, compared with analysts’ expectations in a Reuters poll for a 288,000-barrel draw. “This …
(Reuters) – A potential Trump administration plan to ease sanctions on vessels that have transported sanctioned oil and fuel would likely have limited impact on boosting tanker availability, traders and analysts said on Thursday. Shadow fleet ships still face sanctions from other countries and lack the certification, insurance and maintenance needed to enter mainstream trade. …
US Plan to Ease Shadow Fleet Sanctions Unlikely to Free Up Many Tankers, Analysts Say Read More »
Saudi energy executives emphasize the continuing importance of oil and natural gas, while new reports highlight soaring petroleum shipping costs, emergency fuel releases and the growing need for secure energy infrastructure. ENERGYNOW MEDIA | October 15, 2026 RIYADH, SAUDI ARABIA — The 25th World Petroleum Congress concluded its scheduled program Thursday, October 15, with …
By Dan Burns Truck freight transportation costs rise 19% in September from year earlier Stage one and two food input costs climb 15.6% from year earlier in September Toy prices rise in September by the most ever month over month Oct 15 (Reuters) – The skyrocketing price of diesel is plain for Americans to see …
Diesel’s Surge is Starting to Push Other Prices Around. Here’s How Read More »
Oct 15 (Reuters) – Venture Global (VG.N) said on Thursday it had signed deals with GE Vernova (GEV.N) and Baker Hughes (BKR.O) to support up to 16 new power generation units, advancing plans to develop off-grid power capacity that could support AI data centers and its LNG operations. The rapid growth of data centers has …
Venture Global Inks Deals With GE Vernova, Baker Hughes for Power Expansion Read More »
By Dmitry Zhdannikov Attack on Abqaiq in 2019 was key learning experience, CEO says Firm employs inspection drones, rapid response teams Grows capacity to handle multiple incidents at once LONDON, Oct 15 (Reuters) – When attack drones struck Saudi Aramco’s (2222.SE) biggest oil pipeline last month, satellite images showed one of its pumping stations burnt …
How Aramco Learned to Keep Pumping Oil Under Fire Read More »
By Forrest Crellin, Robert Harvey and Pietro Lombardi About 330 million barrels from March pledge released so far Spain says it will release 4.4 million barrels in October Price reaction suggests disappointment release is not larger, analyst says PARIS/LONDON/MADRID, Oct 15 (Reuters) – The International Energy Agency agreed on Thursday to release over 20 million …
IEA to Speed Up Oil Stocks Release Including Over 20 Million Barrels of Diesel Read More »
The Kremlin said on Thursday that Russian diesel had begun to reach global markets following an agreement with US President Donald Trump.Trump said last week that Russia had agreed to supply diesel to global markets in an effort to lower fuel prices, while Moscow partially lifted its ban on diesel exports from October 10 following …
Kremlin Says Russia Restarts Diesel Exports After Deal with Trump Read More »
(Reuters) – Oil markets initially treated the Iran war as a brief bullish disruption in a long-term bearish trend. But traders are now betting that oil prices will remain elevated through 2028, forcing a rethink of the global inflation outlook. Eight months into the war, the buffers that helped absorb the initial energy shock – …
Oil’s Long View Darkens as Iran War Refuses to End: Bousso Read More »
(Reuters) – Iran’s army said on Thursday that a “violating” oil tanker is on fire in the eastern part of the Strait of Hormuz, according to a statement carried by state media. “This rogue tanker, having disabled its tracking systems, was attempting to pass through the restricted area in the Gulf of Oman”, the army …
Iran’s Army Says Oil Tanker on Fire in the Strait of Hormuz Read More »
