IEA Executive Director Fatih Birol warned that the Iran war and prolonged Strait of Hormuz closure may permanently undermine confidence in one of the world’s most critical oil and LNG shipping routes, with major implications for global energy markets, inflation and economic growth. SourceContinue Reading

Australia’s Biggest Untapped Gas Field Just Got a Lot More Expensive | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 11, 2026, 8:30 AM CDT The Browse LNG project in Australia, proposed by Woodside Energy, is set to cost about $35 billion, a new report...Continue Reading

Japan Receives First Central Asian Crude Since Iran War Began | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 11, 2026, 7:30 AM CDT Japan is set to receive this...Continue Reading

Morgan Stanley: Oil Buffers Could Run Out Before Hormuz Reopens | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 11, 2026, 6:30 AM CDT Most of the market buffers that...Continue Reading

China CPI Jumps as Middle East Crisis Pushes Energy Costs Higher | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 11, 2026, 5:30 AM CDT China’s consumer inflation accelerated to...Continue Reading

Global Coal Demand Surges as Middle East Energy Crisis Deepens | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 11, 2026, 4:20 AM CDT Global coal shipments and imports surged...Continue Reading

China’s Car Sales Slump as Gasoline Demand Craters | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 11, 2026, 3:10 AM CDT Car sales in China fell by 21.5% in April, driven...Continue Reading

Modi Urges Indians to Conserve Fuel as Oil Shock Spreads | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 11, 2026, 2:00 AM CDT India’s Prime Minister called on the nation to...Continue Reading

Oil Tankers Go Dark to Exit the Strait of Hormuz | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 11, 2026, 1:00 AM CDT Three supertankers laden with crude oil successfully exited...Continue Reading

Saudi Aramco reported stronger first-quarter earnings as the company relied on its East-West Pipeline and export infrastructure to help offset disruptions tied to the Strait of Hormuz crisis. SourceContinue Reading