Oil

Drone strike causes diesel tank fire at Libya's Zawiya oil depot - statement

The incident came two days after a drone crashed into an untreated naphtha tank at the Zawiya refinery early on Saturday, causing a leak that staff managed to control.

A general view shows a detail of the Zawiya Oil Refinery, some 40 kms west of Tripoli, on October 27, 2011. The complex built in two different stages in 1974 and 1976 receives crude oil from the desert oil fields and treats 120,000 tons of crude daily.
The sun sets behind the Doha skyline on August 4, 2026.

Gulf states pay the price as shipping crisis exposes costly dependence on the Strait of Hormuz

Alberta separatists rally outside the offices of Elections Alberta before turning in a petition to trigger a referendum on separating from the rest of Canada in Edmonton, Alberta, Canada May 4, 2026.

The 51st state? Alberta set to vote on whether to pursue separation from Canada - explainer

A satellite image shows trail of smoke rising from an oil facility, in Jizan, Jazan province, Saudi Arabia, July 26, 2026.

Yemen's Houthis attack Saudi Aramco's refinery in Jazan, Saudi Arabia, even after Mecca Pact signed


Middle East reroutes its energy networks as region navigates shifting sands - analysis

Investments in new pipelines and energy products will be a key feature in the new regional order.

Gas flares burn at the Rumaila oil field during an armed patrol by Iraqi Energy Police in Basra, Iraq, June 8, 2026.

Syrian Petroleum Company signs new gas deal with US energy companies ConocoPhillips and Novaterra

The state media report added that the agreement was signed at the Ministry of Energy headquarters in Damascus.

Conoco gas plant after it came under the control of the Syrian government following the withdrawal of the US-backed Syrian Democratic Forces (SDF), in the countryside of Deir al-Zor, Syria, January 19, 2026.

Iran will be allowed to sell oil immediately under Trump's new MoU - report

According to the Journal’s report, the same provision allows for Iran to utilize banking, transportation, and insurance services to facilitate the sales.

An oil tanker docked at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026.

Israel cannot applaud an Iran deal that leaves key threats intact - editorial

For Israel, the success of any US-Iran deal will be measured not by headlines or market reactions, but by whether Tehran’s ability to threaten its neighbors is reduced.

Iranians walk past an anti-Israeli billboard carrying the sentence reading in Farsi, "Israel would not see the next 15 years" erected on the side of a building in Palestine Square in Tehran, on May 28, 2026.

Scouring Strait of Hormuz for mines could take weeks, delaying return to normal shipping

That could potentially hold up tens of millions of barrels of oil, in addition to the oil supply from the Gulf already blocked since the United States and Israel attacked Iran on February 28.

Gambia-flagged tanker vessel Bili is pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran, May 2, 2026.

Shippers remain cautious on Strait of Hormuz transit after US, Iran agree on deal

Shippers have welcomed the news of the deal but are still waiting for more details, including mine clearance in the strait.

Vessels are anchored in the Strait of Hormuz, as seen from Musandam, Oman, June 10, 2026.

How a Venezuelan bailout became a threat to Spain's political establishment

WORLD AFFAIRS: This week, former Spanish prime minister José Luis Rodriguez Zapatero will make history as the first person of his standing to appear before the National Court.

A VEHICLE with an electronic board displays the word ‘criminals’ over images of ousted Venezuelan president Nicolás Maduro (right), former Spanish prime minister José Luis Rodriguez Zapatero (middle), and Spanish Prime Minister Pedro Sánchez (right) in New York City in March.

Trump says agreement with Iran approved by all parties involved, including Israel, cancels strikes

The MOU would extend the ceasefire for 60 days, including in Lebanon, during which time nuclear negotiations would be held, according to an Axios report.

US President Donald Trump gestures as he boards Air Force One, after attending Game 3 of the NBA Finals, at John F. Kennedy International Airport in New York, June 8, 2026.

Three sailors dead from US strikes on tanker off Oman, India confirms

The deaths are the first reported since the blockade began on April 13, operations which have seen the US disable eight ships and turn back more than 100 others.

INDIAN VESSEL 'Nanda Devi' carrying liquefied petroleum gas (LPG) arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026 after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that remains disrupted by the Middle East war.

As Iran threatens regional fuel shipping, Azerbaijan becomes Israel’s gas buffer

Backup supplies from SOCAR are giving Egypt and Jordan alternatives when Israeli gas exports are disrupted, while keeping Israel linked to regional customers that may avoid direct purchases.

ASAF HASANLI, a specialist with Azerbaijan’s state oil company SOCAR, at the Caspian Oil and Gas trade show during Baku Energy Week in Baku, Azerbaijan, June 3, 2026.