Oil and Gas

Brent crude oil price rises above $80 per barrel during global market rally

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

Global oil prices surged sharply on Wednesday, with Brent crude briefly climbing above $80 per barrel for the first time since June 22, as escalating geopolitical tensions in the Middle East reignited

July 8, 2026

Business·Economy

A woman walks past an anti-Israeli mural in Tehran, Iran, June 2026, during the ongoing Iran-Israel conflict

Iran Strikes Two Vessels in Strait of Hormuz as Doha Ceasefire Talks Collapse

Iran struck two commercial vessels in the Strait of Hormuz on Tuesday as a tanker caught fire off Oman, ending a lull since the ceasefire. The attacks followed US-Iran talks in Doha

July 7, 2026

Conflicts, Military and War·News

Saudi Aramco oil storage tanks at the North Jiddah bulk plant in Saudi Arabia

OPEC+ Raises Output for Fifth Month as Post-War Hormuz Recovery Gathers Pace

Seven OPEC+ members approved a fifth consecutive monthly production boost of 188,000 bpd for August as Brent returns to pre-war levels. Saudi Arabia and Russia lead with 62,000 bpd each, but analysts

July 6, 2026

Business·Economy·Markets·News

Iraq Basra Oil Company pipeline deal with Chevron and Qatar UCC approved by cabinet 2026

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Iraq's cabinet approved a deal between state-owned Basra Oil Company and a consortium of Chevron and Qatar's United Company for Commerce to develop strategic pipeline routes. The project aims to restore crude

July 5, 2026

Business·Economy·News

French President Emmanuel Macron and UK Prime Minister Keir Starmer at the joint UK-France summit, where both nations agreed to deploy naval forces to the Strait of Hormuz

Britain and France Send Mine-Clearing Ships to Hormuz as UK and France Back Oman on Maritime Safety

Britain and France co-signed a joint statement with Oman on July 3 pledging to ensure the safety of its territorial waters, as France dispatched two minehunters and two frigates to the Strait

July 4, 2026

Conflicts, Military and War·Government and Politics·News

Modi Inaugurates Pachpadra Refinery, India’s First Greenfield Complex in a Decade

PM Modi inaugurated India's first greenfield integrated refinery in a decade at Pachpadra, Rajasthan on Friday. The Rs 79,450 crore HPCL complex began commercial operations June 22 and will produce polypropylene and

July 4, 2026

Business·Economy·News

Ukrainian Drones Strike St. Petersburg Oil Terminal Again as Russia Intercepts 67 UAVs

Ukrainian long-range drones struck the St. Petersburg Oil Terminal on July 4, setting tanks ablaze for the second time since June. Russia claimed 67 UAVs intercepted over Leningrad, but satellite imagery showed

July 4, 2026

Conflicts, Military and War·News

Cars queue at a Lukoil petrol station in Moscow during Russia's 2026 fuel crisis as Ukrainian drone strikes cripple domestic refinery capacity

Russia Turns to Japan for Jet Fuel as Ukrainian Strikes Cripple Its Refineries

Russia is arranging its first import of Japanese jet fuel since 2022 — a 200,000-barrel cargo routing through South Korea's Yeosu port — as Ukrainian drone strikes have disabled a third of

July 4, 2026

Business·Economy·News

Canadian Prime Minister Mark Carney announces Pacific pipeline deal at press conference in Calgary Alberta

Canada Secures BC Deal for 1-Million-Barrel Pacific Pipeline in Bet on Asian Markets Over US

Canada has cleared the central obstacle to a new oil pipeline from Alberta to the Pacific coast by striking a deal with British Columbia that locks in the northern tanker ban and

July 3, 2026

Business·Economy·News

Naval mine explodes in water during minesweeping exercise, Strait of Hormuz mine clearance 2026

Doha Can Agree to Reopen Hormuz. Only Mine Sweepers Can Actually Do It.

The Traffic Separation Scheme at the centre of the Strait of Hormuz is blocked by mines, reducing daily transits from 130 to between 19 and 28. Mine clearance has not started. Iran

July 3, 2026

Conflicts, Military and War·News

Subject: Oil and Gas- Page 12

Brent Crude Surges Above $80 for First Time Since June, US-Iran Tensions Shake Global Oil Markets

Iran Strikes Two Vessels in Strait of Hormuz as Doha Ceasefire Talks Collapse

OPEC+ Raises Output for Fifth Month as Post-War Hormuz Recovery Gathers Pace

Iraq Approves Basra Oil Company Deal With Chevron and Qatar’s UCC on Strategic Pipeline Projects

Britain and France Send Mine-Clearing Ships to Hormuz as UK and France Back Oman on Maritime Safety

Modi Inaugurates Pachpadra Refinery, India’s First Greenfield Complex in a Decade

Ukrainian Drones Strike St. Petersburg Oil Terminal Again as Russia Intercepts 67 UAVs

Russia Turns to Japan for Jet Fuel as Ukrainian Strikes Cripple Its Refineries

Canada Secures BC Deal for 1-Million-Barrel Pacific Pipeline in Bet on Asian Markets Over US

Doha Can Agree to Reopen Hormuz. Only Mine Sweepers Can Actually Do It.

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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Subject: Oil and Gas- Page 12

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