The World’s Biggest Oil Supply Shock Is Now Unfolding | 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 13, 2026, 1:00 PM CDT The IEA says...Continue Reading

China’s Sinopec to Slash Refinery Rates amid Crude Supply Shock | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 13, 2026, 12:30 PM CDT The top Asian refiner, China’s state-controlled Sinopec, plans to slash this month its refinery processing rates by 11-13% as crude supply...Continue Reading

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 553 this week, down 39 from this same time last year. The number of active oil rigs rose...Continue Reading

Iran Doesn’t Need a Navy to Threaten Global Oil Supply | 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 – Mar 13, 2026, 11:00 AM CDT U.S. and...Continue Reading

Hormuz Crisis Forces Massive Saudi Oil Shut-In | 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 13, 2026, 10:38 AM CDT Saudi Arabia has slashed oil output by roughly 20% as...Continue Reading

Kazakhstan’s Tengiz Oilfield Supply Uninterrupted Despite New Incident | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 13, 2026, 10:30 AM CDT The operator of Tengiz, the biggest oilfield in Kazakhstan, on Friday said it is investigating an incident from Wednesday, which has not interrupted...Continue Reading

U.S. marketed natural gas production reached a record 118.5 Bcf/d in 2025, according to the EIA. Growth was led by the Appalachia, Permian and Haynesville regions, which together accounted for more than two-thirds of total U.S. gas output. SourceContinue Reading

OPEC crude output rose by 640,000 bpd as Saudi Arabia increased production ahead of escalating tensions with Iran, according to a Bloomberg survey. The surge came just before tanker flows through the Strait of Hormuz were disrupted by regional conflict. SourceContinue Reading

Iran’s All-or-Nothing Game in the Strait of Hormuz | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… More Info Premium Content By Tom Kool – Mar 13, 2026, 10:00 AM CDT Brent crude is set...Continue Reading

Middle East Conflict Halts 15% of TotalEnergies Oil and Gas Production | 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 13, 2026, 9:30 AM CDT The war in the Middle East has effectively shut in 15% of TotalEnergies’ global oil...Continue Reading