Borr Drilling said it has down-manned three jack-up rigs in Qatar and the UAE following escalating hostilities in the Arabian Gulf, while another rig was shut down after an incident on a customer-operated platform. SourceContinue Reading

Oil prices surged above $100 a barrel as Saudi Arabia and other Gulf producers cut output amid the near-closure of the Strait of Hormuz, with tanker traffic halted and storage tanks filling across the Persian Gulf. SourceContinue Reading

Saudi Aramco Cuts Oil Output as Hormuz Crisis Chokes Exports | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 09, 2026, 8:15 AM CDT Saudi Aramco has begun reducing oil production at two of its fields as the disruption around the Strait of Hormuz starts...Continue Reading

War Flips LNG Surplus Narrative, Morgan Stanley Says | 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 – Mar 09, 2026, 7:19 AM CDT The Middle East war and the resulting production...Continue Reading

Bahrain’s Bapco Energies Declares Force Majeure as War Escalates | 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 – Mar 09, 2026, 6:30 AM CDT Bahrain’s integrated energy firm Bapco Energies on...Continue Reading

Saudi Arabia Shoots Down Drones Targeting Major Shaybah Oilfield | 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 – Mar 09, 2026, 5:20 AM CDT Saudi Arabia has intercepted and destroyed four...Continue Reading

Oil Prices Drop as the G7 Considers Releasing Up to 400 Million Barrels | 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 – Mar 09, 2026, 3:30 AM CDT The finance ministers of the...Continue Reading

Saudi Arabia Offers Rare Spot Crude as Strait of Hormuz Traffic Collapses | 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 – Mar 09, 2026, 2:33 AM CDT Saudi Arabia is offering crude oil...Continue Reading

Iraq’s Oil Output Plunges 70% as Gulf Shipping Crisis Deepens | 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 – Mar 09, 2026, 1:12 AM CDT Crude oil production from Iraq’s southern fields has...Continue Reading

Iranian President Masoud Pezeshkian has praised the appointment of Mojtaba Khamenei as the country’s new supreme leader, calling the decision a reflection of national unity in the face of attacks by the United States and Israel. In a statement on Telegram, Pezeshkian said the choice strengthened the “resilience of the Iranian people” and said the...Continue Reading