Crude oil inventories in the United States increased by 3.1 million barrels during the week ending April 3, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 464.7 million barrels according to government data, which is 2% above the five-year average for this time...Continue Reading

Queensland Looks to Fast-Track Australia’s First New Oilfield in 50 Years | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 08, 2026, 9:30 AM CDT The state of Queensland on Wednesday urged Australia’s federal government to fast-track the approval of the Taroom Trough project that...Continue Reading

A U.S.-Iran ceasefire agreement is set to reopen the Strait of Hormuz, easing supply concerns and triggering sharp declines in oil and natural gas prices, though uncertainty remains over safe transit and the truce’s durability. SourceContinue Reading

ExxonMobil reported a 6% drop in global production in the first quarter as Middle East conflict disrupted Gulf operations, including damage to LNG facilities in Qatar. SourceContinue Reading

The EU Weighs Emergency Measures to Stabilize Energy Markets | 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 – Apr 08, 2026, 8:40 AM CDT The EU is...Continue Reading

Shell Expects ‘Significantly Higher’ Oil Trading Profits in Q1 | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Related News By Michael Kern – Apr 08, 2026, 8:30 AM CDT Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly...Continue Reading

European Natural Gas Futures Slump by 20% on Ceasefire Relief | 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 – Apr 08, 2026, 7:30 AM CDT European benchmark natural gas prices tumbled...Continue Reading

India Set to Import First Iranian Oil in 7 Years | 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 – Apr 08, 2026, 6:30 AM CDT India is expected to receive this...Continue Reading

India’s Coal Power Demand Set for 11.5% Jump in April-June | 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 – Apr 08, 2026, 5:30 AM CDT India’s coal demand from power plants...Continue Reading

Ceasefire Sparks Tentative Revival of Work on Qatar LNG Project | 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 – Apr 08, 2026, 4:30 AM CDT Japan’s engineering giant Chiyoda Corporation is...Continue Reading