Premier orders Central Union oil tests completed within a week

The U.S. waived sanction on Iranian oil as part of its deal with Tehran to end the war

The temporary general license allows the production, delivery, and sale of Iranian crude oil and petroleum products through mid-August

OPEC+ Approves 188,000 bbl/d Output Increase for August 2026

Seven core members of OPEC+ have agreed to implement a crude oil production adjustment of 188,000 barrels per day (bbl/d) for August 2026, according to a release by the Organization of the Petroleum Exporting Countries (OPEC). OPEC+ is an alliance between the core OPEC and a broader group of non-OPEC oil-exporting countries. The decision follows [] The post OPEC+ Approves 188,000 bbl/d Output Increase for August 2026 first appeared on Egypt Oil Gas.

U.S. April Oil Production: Another Record High

U.S. April Oil Production: Another Record High

Fuel Supply: NMDPRA grants new import permits to seven oil marketers 

By Udeme Akpan, Energy Editor Nigeria’s downstream petroleum regulator has approved a fresh round of fuel import permits for major oil marketers as concerns grow over domestic supply level. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the new approvals to selected marketers for the third quarter of 2026, covering the importation of [] The post Fuel Supply: NMDPRA grants new import permits to seven oil marketers appeared first on Vanguard News.

Oil Heads for Weekly Gains Amid Concerns Over Middle East Supplies

Oil Heads for Weekly Gains Amid Concerns Over Middle East Supplies

Iraqi prime minister set to visit Washington on Monday on his 1st foreign trip

Oil, gas deals expected to be signed during visit, according to Iraqi government

US grants Iran oil sanctions waiver as part of deal

The waiver authorizes the production, and delivery and sale of Iranian oil for two months.

Brent curve points to oil oversupply after Hormuz reopening

HOUSTON, Texas: Oil markets are beginning to signal a near-term supply glut as tankers resume leaving the Strait of Hormuz, releasing crude that had been stranded in the Gulf during the Iran war. Brent crude contracts for September delivery traded 12 cents above those for August delivery on June 24, marking the first time since the conflict began in late February that later-dated oil was priced higher than promp

North Coast oil tanker ban to remain in place as part of multibillion-dollar deal between B.C. and Ottawa

North Coast oil tanker ban to remain in place as part of multibillion-dollar deal between B.C. and Ottawa

Form 4 Empire Petroleum Corp For: 7 July

Form 4 Empire Petroleum Corp For: 7 July

Oil Resumes Drop as Ships Keep Crossing Hormuz Despite Attack

Oil headed for the biggest weekly drop in a month after transits through the Strait of Hormuz accelerated, although an attack on a cargo ship renewed concerns about safe passage through the vital waterway.

Following Switzerland talks, Washington grants Iran 60-day oil sales waiver

WASHINGTON, June 22 (YPA) – The U.S. Treasury Department on Monday issued a temporary general license authorizing the production, sale, and delivery of Iranian crude oil, petrochemicals, and petroleum products through August 21, signaling continued progress in understandings between Washington and Tehran. According to the department, the license permits transactions involving the import of Iranian []

Gas supply suspended in THESE Karachi areas 

The repair work started immediately. The post Gas supply suspended in THESE Karachi areas appeared first on BOL News.

MCX Natural Gas Futures: Short-term uptrend resumes; go long

MCX Natural Gas Futures contract can go up to 328

Occupation authorities in Crimea admit they do not know when fuel sales will resume

The authorities in temporarily occupied Crimea have admitted that they do not know when petrol and diesel sales will resume on the peninsula, saying that fuel supplies are being regulated by Ukraine's Armed Forces.

Vance convinced that US, Iran found a way to keep Strait of Hormuz open

The US Vice President noted that approximately 15 million barrels of oil had already been transported via the waterway

US authorizes Iranian oil sales amid talks on final peace deal

The license authorizes the production, delivery, and sale of crude oil, petrochemicals, and petroleum products of Iranian origin through August 21.

Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia's crude shipments surged due to refinery damage.

US grants 60-day waiver on Iranian oil sanctions as part of interim deal to end war

The move allows nations importing Iranian oil and other energy products to maintain transactions for the next two months under the terms of the license.

Nigeria meets 104% of OPEC quota as crude production hits 74-month high

Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month. This was contained in a statement by the spokesperson of the Nigerian Upstream Petroleum Regulatory Commission, Eniola Akinkuotu, on Sunday. In the month under review, crude oil [] Nigeria meets 104 of OPEC quota as crude production hits 74-month high

Petrol, Diesel Prices On July 10: Check New City-Wise Fuel Rates

On Friday, July 10, 2026, petrol and diesel prices remained unchanged despite movement in the global crude prices over the past week. State-run oil marketing companies such as IOCL, HPCL, BPCL did not...

NUPRC issues petroleum prospecting licences to 12 firms

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has executed concession contracts and commenced the issuance of 19 Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024 Licensing Round. The exercise, conducted on the sidelines of the Nigeria Oil and Gas (NOG) Energy Week 2026 on Wednesday in Abuja, covered 12 awardees across deep offshore, The post NUPRC issues petroleum prospecting licences to 12 firms appeared first on Dateline Nigeria.

Cooling Middle East Tensions Lift Markets and Pressure Oil – Comments from Century Financial

Crude Oil WTI is trading around 70.77 (-0.9) in early Asian hours, while Brent is hovering near 73.75 (-0.4), as easing geopolitical tensions between the U.S. and Iran continue to weigh on crude prices. Markets have largely priced in the prospect of renewed diplomacy after both sides agreed to halt attacks and resume technical talks [] The post Cooling Middle East Tensions Lift Markets and Pressure Oil – Comments from Century Financial appeared first on Middle East News 247.

Current price of oil as of July 7, 2026

As of 9 a.m. Eastern Time today, oil is trading at 73.29 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s 93 cents above yesterday morning’s level and about 2.80 higher than where it stood a year ago. Oil price per barrel Change Price of oil yesterday 72.36 +1.28 Price []

OPEC+ Ups Its Production Quota for August, but Fighting Resumes in the Middle East

Brent crude oil, the international benchmark, dropped after OPEC Plus announced it would modestly increase production. Oil prices were trading The post OPEC+ Ups Its Production Quota for August, but Fighting Resumes in the Middle East appeared first on IER.

Hibiscus Petroleum keluar minyak pertama di medan Teal West, UK

PETALING JAYA: Hibiscus Petroleum Berhad berjaya mencapai pengeluaran minyak pertama bagi medan Teal West yang terletak di Blok 21/24d di Laut Utara, United Kingdom (UK) pada 4 Julai lalu. Dalam makluman di Bursa Malaysia, Hibiscus Petroleum berkata, kadar pengeluaran minyak awal selepas pengeluaran pertama adalah kira-kira 6,000 tong sehari (bbl/hari), yang dicapai sebagai sebahagian daripada ... Read more The post Hibiscus Petroleum keluar minyak pertama di medan Teal West, UK appeared first on Utusan Malaysia.

Seven OPEC+ countries agree to increase monthly oil production; here's the reason behind key decision

The OPEC+ alliance has decided to raise oil production once again, announcing a modest increase in output for August as global crude prices continue to decline following the easing of tensions in the Middle East. The move marks the fifth straight monthly production hike by the oil-producing bloc. The Organisation of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, said on Sunday that seven member countries would jointly increase production by 188,000 barrels per day next month.

Iranian Central Oil Fields Company eyes multiplying gas production

Iranian Central Oil Fields Company eyes multiplying gas production