China Silent After Trump Asks Beijing for Help in Strait of Hormuz | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 16, 2026, 12:30 PM CDT China has remained publicly silent after U.S. President Donald Trump on Monday urged Beijing to help reopen the Strait...Continue Reading

The International Energy Agency said emergency oil reserves from a record 400-million-barrel global stock release will begin flowing immediately to Asian markets as buyers seek to replace Middle East supply disrupted by the Strait of Hormuz shutdown. SourceContinue Reading

The world’s largest single-site aluminium smelter in the Middle East cut its output by about 20% on Sunday, marking yet another troubling development for the global economy. The disruption in the Strait of Hormuz is no longer just an energy story – it’s now spreading into industrial metals. These second- and third-order effects could soon...Continue Reading

TotalEnergies Finalizes Plan for Azeri Absheron Field’s Second Phase | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Mar 16, 2026, 11:30 AM CDT TotalEnergies expects first gas from the expansion of its Absheron gas and condensate field in Azerbaijan to...Continue Reading

Ukraine Eyes Major Black Sea Gas Development With Romania’s OMV Petrom | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 16, 2026, 11:00 AM CDT Ukraine’s state energy company Naftogaz is in early-stage discussions with Romania’s OMV Petrom about jointly developing a potentially significant offshore...Continue Reading

Governments around the world are desperate to bring down oil prices in the wake of a cutoff of about one-fifth of the world’s supply due to the Iran war. Here are some of the moves we’ve seen so far: The International Energy Agency, a consortium of 32 countries that coordinate energy policy and emergency readiness,...Continue Reading

TotalEnergies says Middle East conflict has forced shutdowns of offshore production in Qatar, Iraq and the UAE, affecting roughly 15% of its global output. SourceContinue Reading

EU Considers Naval Action to Reopen Vital Strait of Hormuz | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Mar 16, 2026, 10:30 AM CDT The European Union foreign ministers are discussing on Monday the potential to move an already operational...Continue Reading

ExxonMobil and Halliburton have completed the industry’s first fully closed-loop automated geological well placement offshore Guyana, integrating rig automation, automated geosteering and real-time drilling optimization to improve well construction efficiency and reservoir contact. SourceContinue Reading

Will Oil Really Go to $200 a Barrel as Iran Predicts? | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Mar 16, 2026, 10:00 AM CDT Iran’s...Continue Reading