Iran will close parts of the critical oil shipping lane in the Middle East, the Strait of Hormuz, for a few hours on Tuesday as it is conducting military drills in the area, Iran’s Fars news agency reports.   The partial closure is due to “security precautions,” per the semi-official Iranian news agency cited by Reuters.  ...Continue Reading

Iran will close parts of the critical oil shipping lane in the Middle East, the Strait of Hormuz, for a few hours on Tuesday as it is conducting military drills in the area, Iran’s Fars news agency reports.   The partial closure is due to “security precautions,” per the semi-official Iranian news agency cited by Reuters.  ...Continue Reading

Kazakhstan Looks to Start Up New Refinery by 2033 | 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 – Feb 17, 2026, 6:30 AM CST Major oil producer Kazakhstan plans to commission...Continue Reading

Spain Leans on Gas to Stabilize Grid After Historic Blackout | 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 – Feb 17, 2026, 5:10 AM CST Gas demand for power generation spiked...Continue Reading

The EU Must Spend More to Counter Climate Change | 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 – Feb 17, 2026, 4:00 AM CST The European Union needs to spend more to move...Continue Reading

Citi Sees Oil Prices Falling to $60 if Trump Secures Iran and Russia Deals | 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 – Feb 17, 2026, 1:37 AM CST According to Citi analysts,...Continue Reading

Australian Energy Major Wins Greenwashing Court Case | 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 – Feb 17, 2026, 12:37 AM CST Australia’s Santos has won a court case that was brought against...Continue Reading

Oil Bears Are Dangerously Underestimating Geopolitical Risk | 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 Premium Content By Irina Slav – Feb 16, 2026, 7:00 PM CST The current sense of security in the oil market is false,...Continue Reading

Chevron has been awarded four offshore exploration blocks in Greece, expanding its Mediterranean portfolio and launching seismic programs to evaluate hydrocarbon potential south of Crete and the Peloponnese. SourceContinue Reading

An Australian court has dismissed a greenwashing lawsuit against Santos that alleged the company misled investors over its climate strategy and net-zero plans, marking a key ruling in energy-related ESG litigation. SourceContinue Reading