Hormuz Blockage Boosts Panama Canal Oil Tanker Traffic | 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 Premium Content By Tsvetana Paraskova – Apr 29, 2026, 3:00 PM CDT Asian buyers are increasingly sourcing U.S. crude via...Continue Reading

Oil prices surged toward $120 per barrel as the Iran war and continued closure of the Strait of Hormuz tighten global supply and fuel a growing energy crisis. SourceContinue Reading

Venezuelan Crude Will Eventually Lower US Gas Prices: Chevron Exec | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Apr 29, 2026, 2:00 PM CDT U.S. gasoline...Continue Reading

President Trump has rejected Iran’s proposal to reopen the Strait of Hormuz, maintaining a naval blockade that continues to disrupt global oil supply. SourceContinue Reading

They may have agreed on a provisional peace agreement last August, but Armenia and Azerbaijan nevertheless each had some of the highest military spending as a share of GDP in the world in 2025, according to data compiled by the Stockholm International Peace Research Institute.  Azerbaijan ranked 6th (6.5 percent) and Armenia 7th (6.1 percent)...Continue Reading

BW Offshore has signed a FEED agreement with Equinor for the Bay du Nord FPSO project offshore Canada, advancing the development toward a potential 2027 FID. SourceContinue Reading

A major fire reportedly broke out on Wednesday at a Russian oil pumping station in the Perm region in the Ural Mountains in a suspected drone attack just a day after Ukrainian President Volodymyr Zelenskyy touted the increasing range and accuracy of Ukrainian drones.  Ukraine’s Security Service (SBU) targeted a production and dispatch station owned...Continue Reading

Pakistan PM: Oil Import Costs Up 167% Since Iran War Began | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Apr 29, 2026, 11:30 AM CDT Pakistan’s Prime Minister Shehbaz Sharif announced on Wednesday that the country’s oil import...Continue Reading

UK Faces Recession Risk as Iran War Threatens Growth and Inflation | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Apr 29, 2026, 11:00 AM CDT U.K....Continue Reading

Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Apr 29, 2026, 10:30 AM CDT In an earnings season highlighted by a Middle East conflict that...Continue Reading