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EU May Keep Russian Oil Price Cap Unchanged at $44 Per Barrel to Pressure Moscow
Jun 1 2026 // The European Commission may propose leaving the G7 price cap on Russian crude unchanged at its July review, in an effort to curb Moscow’s windfall from the Iran war and the ensuing oil price shock, EU diplomats said...
Wildfire Season Returns to Canada’s Oil Sands
Jun 1 2026 // Wildfire season has returned to Canada’s oil sands region, with seven active blazes in the area on Sunday raising risks for communities, workers, companies and investors. Canada is the world’s fourth-largest...
Emergency Reserve Oil Heads to California for First Time
May 28 2026 // A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said. The unusual movement highlights the redrawing of trade flows and shipping...
Two More Oil Supertankers Exit Hormuz to Help Push Up Flows
May 27 2026 // Commercial shipping through the Strait of Hormuz gained modest momentum over the past 24 hours as at least two non-Iranian supertankers exited the Persian Gulf, the latest mini-flurry in energy flows transiting the vital...
Oil Pipeline Shut Down After East Los Angeles Rupture
May 26 2026 // An oil pipeline operated by Plains All American in East Los Angeles, California, was shut down after a rupture, the company said on Friday. The line was struck by a third party conducting excavation work, the company...
Satellite Images Show Persian Gulf Oil Slicks Growing During War
May 22 2026 // Ecologists are concerned that the war in the Middle East risks creating an environmental disaster, as satellite images show that the number of oil slicks in the Persian Gulf has increased significantly since the beginning...
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