Supply Shock to Slash India’s Oil Demand Growth to Pandemic Low | 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 – Jun 03, 2026, 4:30 AM CDT Analysts...Continue Reading

Japan Commits $19.4 Billion to Fighting Its Energy Crisis | 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 – Jun 03, 2026, 3:30 AM CDT Japan will spend an additional $19.4 billion to cushion...Continue Reading

Australian LNG Strike Begins to Disrupt Cargo Loadings at Ichthys | 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 – Jun 03, 2026, 2:30 AM CDT Industrial action at the Ichthys LNG project offshore...Continue Reading

Goldman Sachs CEO Warns Oil Shock Could Alter Consumer Behavior | 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 – Jun 03, 2026, 1:15 AM CDT Tightening crude oil supply will lead to consumer...Continue Reading

Oil Prices Climb as U.S. Strikes Tanker and Downs Iranian Drones | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com and a veteran energy journalist with over a decade of experience covering global energy markets and geopolitics.… More Info Related News By Josh Owens – Jun 02, 2026, 8:58 PM CDT Oil...Continue Reading

How Long Can Demand Destruction Keep a Lid on Oil Prices? | 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 Premium Content By Tsvetana Paraskova – Jun 02, 2026, 7:00 PM CDT Global...Continue Reading

India’s Oman Bet Looks Timely As Hormuz Crisis Deepens | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jun 02, 2026, 6:00 PM CDT India’s trade agreement with Oman has gained strategic importance amid disruptions in the Strait of...Continue Reading

China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jun 02, 2026, 5:00 PM CDT China’s crude oil imports plunged to 6.36 million barrels per day in May, down from 11.39 million bpd in...Continue Reading

Russia’s China Energy Lifeline Is Becoming a Noose | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Jun 02, 2026, 4:00 PM CDT The Xi-Putin summit produced...Continue Reading

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.75 million barrels in the week ending May 29. In the week prior, US crude oil inventories fell by 2.8 million barrels. Analysts had expected a 3.6 million draw. Despite the sharp dropoff of the last several weeks, US...Continue Reading