Economics ❯ Energy Economics

Oil Market

Supply and Demand Price Fluctuations Supply Chain Supply Chain Issues Sanctions Impact Oil Prices Production Levels Fuel Prices Production Trends Supply Disruptions

Two Rosneft Refineries Stop Crude Processing After Ukrainian Drone Strikes

The outages remove a large share of Russia’s refining throughput, risking deeper fuel shortages and longer repair delays.

Kazakhstan Lowers 2026 Oil Target to 96 Million Tons After CPC Terminal Attacks

U.S. Firms Sign Production and Technical Deals With Venezuela to Restart Output

U.S. Strategic Petroleum Reserve Drops to Lowest Level Since Early 1980s

U.S. Strategic Petroleum Reserve Falls Below 300 Million Barrels

BJP MP’s 'Father's House' Remark Deepens E20 Ethanol Row

US Now Supplies 67% of India’s LPG Imports, Oil Minister Says

Australia Funds Study for Proposed Karratha Oil Refinery

UK Government Weighs Reauthorising Rosebank and Jackdaw Drilling

U.S. Ambassador Names Alberta and Saskatchewan as Top Candidates to Supply More American Oil

Senators Introduce Bipartisan Bill to Target Russia’s Energy Revenues

Cuban Power Grid Collapses for Third Time in Nine Days

OPEC Lowers 2026 Demand Forecast as OPEC+ Produces Well Below Plan in June

India Sets Monthly Record for Russian Crude Purchases as Volumes Rise and Revenues Fall

ONGC Clears 1.75 MT Strategic Petroleum Reserve at Mangaluru

Argentina Tops 900,000 Barrels a Day as Vaca Muerta Drives Export Surge

U.S. Drives One-Third of Global Rise in Energy CO2 in 2025

OGDCL Brings Bobi Deep-1 Online at About 2,000 Barrels a Day

Petrobras–Pemex Talks Broaden to Refining and Gas as June Visit Set

India Cuts Oil and Gas Royalties, Eases Deepwater Levies to Boost Output