Fuel shortages and price spikes are spreading across Asia as disruptions in the Strait of Hormuz halt Middle East oil shipments, forcing refiners and governments to restrict fuel exports and consider strategic stockpile releases. SourceContinue Reading

Wall Street Demands Clarity on Trump’s Hormuz Rescue Plan | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Mar 05, 2026, 1:00 PM CST It’s been a wild ride in crude over the past few days, with Brent crude futures were capped near...Continue Reading

Worley has been awarded a services framework agreement by Tengizchevroil to provide engineering, project and construction support services across the company’s oil and gas operations in Kazakhstan. SourceContinue Reading

Acteon has delivered the first MHU4400S hydraulic hammer system to Heerema Marine Contractors, supporting offshore foundation installation and pile-driving operations under a multi-million-pound supply agreement. SourceContinue Reading

Monumental Energy reported initial oil production from the Ngaere-1 workover well in New Zealand’s Taranaki basin after perforating a previously bypassed pay zone, with the well stabilizing near 120 bopd. SourceContinue Reading

Octopus CEO Urges UK To Tap North Sea Oil To Stabilize Prices | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Mar 05, 2026, 12:00 PM CST...Continue Reading

Hormuz Shock Sends China and India Racing for Russian Crude | OilPrice.com Natalia Katona Natalia Katona is a freelance commodity analyst, based in the United Arab Emirates. More Info Premium Content By Natalia Katona – Mar 05, 2026, 11:00 AM CST The effective halt of tanker traffic through the Strait of Hormuz has instantly jeopardized...Continue Reading

Drone Strike Hits Bahrain Refinery as Crack Spreads Surge | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Mar 05, 2026, 10:45 AM CST Updated: Mar 05, 2026, 11:13 AM CST A...Continue Reading

Shell Signs Oil and Gas Exploration Deal in Kazakhstan | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 05, 2026, 10:30 AM CST Shell and Kazakhstan have signed an agreement for oil and gas exploration in the Zhanaturmys block in western Kazakhstan, the Kazakh Energy...Continue Reading

ADNOC CEO Sultan Al Jaber met with Japan Prime Minister Sanae Takaichi to discuss energy security as tensions in the Strait of Hormuz threaten oil and LNG flows to Asian markets. SourceContinue Reading