The Fuel Shortage That Could Reshape Global Trade | OilPrice.com Gail Tverberg Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… More Info Premium Content By Gail Tverberg – May 13, 2026, 11:00 AM CDT Declining diesel and jet...Continue Reading

Russia’s Oil Revenues Surge $6.3 Billion as High Prices Offset Production Losses | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – May 13, 2026, 10:30 AM CDT Russia’s oil export revenues have continued to rise despite lower production thanks...Continue Reading

Crude oil inventories in the United States decreased by 4.3 million barrels during the week ending May 8, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 452.9 million barrels, according to government data, which is 0.3% below the five-year average for this time...Continue Reading

India’s PM Orders 50% Slash in Motorcade Size to Save Fuel | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – May 13, 2026, 9:30 AM CDT India’s Prime Minister Narendra Modi has directed a 50% reduction in the size...Continue Reading

What to Expect From the Trump-Xi Summit in Beijing | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – May 13, 2026, 9:00 AM CDT Trade tensions and...Continue Reading

ReconAfrica and partners NAMCOR and BW Energy are advancing production testing operations at the Kavango West 1X well in Namibia, with multi-zone downhole testing expected to begin before the end of May. SourceContinue Reading

TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential. SourceContinue Reading

Sinopec has secured approval for 235.687 Bcm of proven reserves at the Ziyang Dongfeng field in the Sichuan basin, marking China’s first ultra-deep shale gas field with reserves exceeding 100 Bcm. SourceContinue Reading

IEA Revises 2026 Forecast: Oil Deficit Widens as Iran War Cuts Production | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – May 13, 2026, 8:30 AM CDT Global oil demand is set to exceed supply in the current year...Continue Reading

bp has entered the North Ustyurt production sharing agreement in Uzbekistan, acquiring a 40% stake in six exploration blocks alongside SOCAR and Uzbekneftegaz as the company expands its upstream exploration portfolio in Central Asia. SourceContinue Reading