Hormuz Traffic Craters to Four Ships as Iran-U.S. Strikes Escalate | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 02, 2026, 11:30 AM CDT Two sailors have died from Monday’s attack on a Saudi oil tanker in the Strait of Hormuz, with Riyadh now formally...Continue Reading

Chevron plans to invest more than $7 billion in Venezuela over the next five years and more than double production to approximately 600,000 bpd after securing additional acreage in the Orinoco Belt. SourceContinue Reading

Subsea7 has secured a $50–150 million contract from LLOG Exploration for the deepwater Who Dat East development in the U.S. Gulf, including installation of a 29-km riser and pipe-in-pipe system. SourceContinue Reading

Two high-level US Trump administration emissaries crashed the Shanghai Cooperation Organization summit in the Kyrgyz capital Bishkek, holding talks with top Central Asian leaders and disrupting any appearance of unity among the gathering’s attendees.  Leading participants in the SCO summit, including top officials from China, Russia and Iran, sought to strengthen what amounts to an...Continue Reading

UN Warns Global Warming Will Top 1.5C Within Years | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Sep 02, 2026, 10:30 AM CDT The rise in...Continue Reading

Crude oil inventories in the United States saw a decrease of 4.5 million barrels during the week ending August 28, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 424.5 million barrels, according to government data, which are now 1% above the five-year average...Continue Reading

Ryanair Warns Some Airlines Could Struggle with Jet Fuel Price Spike | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Sep 02, 2026, 9:30 AM CDT Ryanair,...Continue Reading

Ukraine’s Refinery Strikes Force Russia to Process Oil Abroad | 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 – Sep 02, 2026, 9:00 AM CDT Ukrainian drone attacks...Continue Reading

India Boosts Far East Russian Oil Imports as War Upends Trade Routes | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Sep 02, 2026, 8:30 AM CDT...Continue Reading

Kazakhstan to Double Oil Refining Capacity by 2040 | OilPrice.com Tsvetana Paraskova What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… More Info Related News By Tsvetana Paraskova – Sep 02, 2026, 7:30 AM CDT Kazakhstan plans to more...Continue Reading