NATO backs renewables as solution to energy security, despite US skepticism – POLITICO
“By diversifying the energy sources, and routes, on which our Alliance depends — including through use of alternative…
Aramco announces first quarter 2026 results
Aramco has announced first quarter 2026 results
Adjusted net income: $33.6 billion (Q1 2025: $26.6 billion1)
Cash…
Iran war is draining world’s oil buffer at an unprecedented pace
The world has burned through oil inventories at a record speed as the Iran war throttles flows from…
Suspected oil spill seen on satellite images near Iran’s Kharg Island export hub
A suspected oil spill covering dozens of square kilometers of sea near Iran’s main oil hub of Kharg…
India's market premium cracks as oil shock meets weak growth – Nikkei Asia
India’s market premium cracks as oil shock meets weak growth Nikkei AsiaNavigating the AI-led stock market CNBCAI Has Changed the…
Under US pressure, EU moves to soften rules for fighting climate superpollutant – POLITICO
The International Association of Oil & Gas Producers argues that companies can’t conform to the regulation in time…
Canadian Oil Producers Push for New Pipelines Amid Rising Output
Canada’s oil sands sector could deliver significant long-term production growth, but industry leaders say future expansion will depend…
Canadian Natural Says Pipeline Needed to Unlock Oil Sands Growth
Canada’s oil sands can grow, but getting the barrels out of the country is a problem. This is…
US Officials: Iran can last for months under US Strait of Hormuz blockade
Iran can economically survive the US naval blockade on the Strait of Hormuz for at least three to…
Russia’s Oil and Gas Revenues Miss Expectations Despite Higher Crude Prices
Russia’s oil and gas revenues fell short of expectations in April despite rising crude prices, as higher compensation…
Trump Approves “Keystone Light” Canada-U.S. Oil Pipeline
Last month, we reported that Bridger Pipeline LLC has proposed a giant pipeline with a capacity in excess…
Current price of oil as of May 4, 2026
As of 8:45 a.m. Eastern Time today, oil sold for $115.01 per barrel (using Brent as the benchmark,…