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FT: Russia expands ‘shadow fleet’ of tankers to carry LNG ahead of looming supply ban

Russia is expanding a so-called shadow fleet of gas carriers as a supply ban approaches, the Financial Times reports. The buildup includes secondhand vessels and Russia’s first domestically built tankers. The report cites data from maritime analytics firm Windward. The vessels are intended to support the transport of liquefied natural gas.

Energy & commoditiesRussiashadow fleetliquefied natural gassupply ban

MMeduzaOriginal★★☆☆☆2026-08-04 09:25

FT: Russia expands ‘shadow fleet’ of tankers to carry LNG ahead of looming supply ban
FT: Russia expands ‘shadow fleet’ of tankers to carry LNG ahead of looming supply ban

EU net gas injection tops 32 billion cubic meters ahead of winter

The European Union has injected more than 32 billion cubic meters of gas ahead of winter. So far, Europe has reached only 47% of the volume required for the coming winter. The storage effort therefore remains below the stated seasonal requirement.

Energy & commoditiesEuropean Unionnatural gasenergy storage

TTASSOriginal★★★★☆2026-08-04 09:14

EU net gas injection tops 32 billion cubic meters ahead of winter

Olive oil prices expected to rise again as European crops suffer heat

Farmers across Europe are warning that extreme heat, drought and wildfires are reducing food production and pushing prices higher. Crops including maize and salad greens have been damaged, while olive groves are also under pressure. The climate crisis has driven temperatures across the continent to fresh records. With olive oil already expensive, the disruption is expected to send its price up again and add to wider food costs.

Energy & commoditiesEuropeolive oilextreme heatdroughtfood prices

TThe GuardianOriginal★★★★☆2026-08-04 04:00

Olive oil prices expected to rise again as European crops suffer heat
Olive oil prices expected to rise again as European crops suffer heat

US stocks near record high as Trump claims Iran talks are underway and oil falls

US stocks moved close to a record peak as Donald Trump claimed that talks with Iran were underway. Washington and Tehran offered conflicting accounts of the status of those discussions. The benchmark S&P 500 approached its all-time high. Oil prices declined as markets weighed the competing descriptions of the reported talks.

MarketsEnergy & commoditiesUS stocksIran talksDonald Trumpoil prices

AAl JazeeraOriginal★★★★☆2026-08-04 02:56

US stocks near record high as Trump claims Iran talks are underway and oil falls
US stocks near record high as Trump claims Iran talks are underway and oil falls

Petrol prices strain US households as Chevron, Exxon profits soar

Rising petrol prices are putting greater pressure on households across the United States. Low-income families are bearing the heaviest burden, spending more than 10 percent of their monthly income on petrol. At the same time, oil giants Chevron and Exxon are reporting sharply higher profits, highlighting the contrast between household costs and major energy companies’ earnings.

Macro & central banksEnergy & commoditiesCompanies & industrypetrol pricesUS economyChevronExxon

AAl JazeeraOriginal★★★☆☆2026-08-03 23:02

Petrol prices strain US households as Chevron, Exxon profits soar
Petrol prices strain US households as Chevron, Exxon profits soar

Gasoline prices suddenly fall in Russia’s Krasnoyarsk Krai ahead of possible Putin visit

Gasoline prices at stations in Russia’s Krasnoyarsk Krai fell sharply on the evening of August 2. Correspondents for NGS24 reported that the reductions exceeded 20 rubles. The cuts applied to stations operated by the regional chain Krasnoyarsknefteprodukt. The sudden drop came ahead of a possible visit by Vladimir Putin.

Energy & commoditiesRussiagasoline pricesKrasnoyarsk Krai

MMeduzaOriginal★★☆☆☆2026-08-03 14:43

Gasoline prices suddenly fall in Russia’s Krasnoyarsk Krai ahead of possible Putin visit
Gasoline prices suddenly fall in Russia’s Krasnoyarsk Krai ahead of possible Putin visit

Russian oil supplies to India in July reach highest level since 2022

India’s imports of Russian oil reached their highest level since 2022 in July, according to vessel-tracking data from Kpler. The country brought in slightly more than 5 million barrels per day of crude oil during the month. That was a modest increase from June. The figures point to continued substantial Russian oil supplies to the Indian market.

Energy & commoditiesTrade & sanctionsRussian oilIndiacrude imports

TTASSOriginal★★★☆☆2026-08-03 14:18

Russian oil supplies to India in July reach highest level since 2022

St. Petersburg Gas Forum postponed until April 2027, Gazprom says

Gazprom says the St. Petersburg Gas Forum has been postponed until April 2027. The decision was made because many other major related events are already scheduled for October this year. The announcement concerns the timing of the forum and gives the scheduling conflict as the stated reason for the delay.

Energy & commoditiesSt. Petersburggas forumGazprom

TTASSOriginal★★☆☆☆2026-08-03 12:44

St. Petersburg Gas Forum postponed until April 2027, Gazprom says

Brent falls below $82 per barrel for the first time since July 13

Brent crude fell below $82 per barrel, marking its first move under that level since July 13. By 10:10 p.m. GMT on August 2, the benchmark had recovered some ground as losses narrowed. It was trading at $82.89 a barrel. The report focuses on the latest movement in the oil market.

Energy & commoditiesBrent crudeoil pricesmarkets

TTASSOriginal★★☆☆☆2026-08-02 22:50

Brent falls below $82 per barrel for the first time since July 13

Ukrainian farmers use temporary storage to revive grain exports

Russian attacks have disrupted grain exports through the Black Sea. Ukrainian farmers are responding by turning to temporary storage facilities for their harvests. The workaround is intended to help revive the country’s grain exports despite the interruption. Their efforts reflect the pressure the attacks have placed on export routes.

Energy & commoditiesTrade & sanctionsUkrainegrain exportsBlack SeaRussian attacks

AAl JazeeraOriginal★★★☆☆2026-08-02 15:14

Ukrainian farmers use temporary storage to revive grain exports
Ukrainian farmers use temporary storage to revive grain exports

OPEC+ Monitoring Committee concerned over attacks on global energy infrastructure

The OPEC+ Monitoring Committee expressed concern about attacks targeting energy infrastructure around the world. It also reviewed the current state of the market. The committee stressed that the Declaration of Cooperation remains essential to supporting stability in global energy markets. Its comments link the security concerns with the continuing importance of coordinated cooperation among participating producers.

Macro & central banksEnergy & commoditiesOPEC+energy infrastructureglobal energy markets

TTASSOriginal★★★★☆2026-08-02 13:44

OPEC+ Monitoring Committee concerned over attacks on global energy infrastructure

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September

Seven OPEC+ countries are set to increase their combined daily oil production in September by 188,000 barrels. The adjustment is reflected in an OPEC production table. Russia’s quota will rise by 62,000 barrels per day. The figures describe changes to the participating countries’ production allocations.

Energy & commoditiesCompanies & industryOPEC+oil productionRussiaenergy markets

TTASSOriginal★★★★☆2026-08-02 13:15

Seven OPEC+ nations to raise daily oil output by 188,000 barrels in September
  • OPEC+ to raise September oil output by 188,000 barrels per day
    OPEC+ to raise September oil output by 188,000 barrels per day

    Seven OPEC+ countries agreed on Sunday to increase their September oil production cap by 188,000 barrels per day. The increase will be measured against August’s level. The decision was announced in a statement released after the group held a virtual meeting. It continues OPEC+’s recent pattern of raising production limits.

    OPEC+oil productionenergy markets

    CCGTN★★★☆☆2026-08-02 11:26Original

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

Australians bought electric and hybrid vehicles at almost the same rate as petrol cars from April to June, according to Australian Automobile Association data. Electric vehicle sales doubled in the months after the fuel price spike reached its peak. Petrol prices are again expected to pass A$2 a litre after federal fuel excise cuts ended on Sunday. The reductions had been introduced to offset the effects of the continuing crisis in the Middle East.

Energy & commoditiesCompanies & industryAustraliaelectric vehicleshybrid carsfuel prices

TThe GuardianOriginal★★★☆☆2026-08-02 05:00

EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis
EVs and hybrids approach half of Australian new car sales amid ongoing fuel crisis

Paks nuclear plant in Hungary to shut down for first time in 44 years — Magyar

Hungarian Prime Minister Peter Magyar said the second-to-last power unit at the Paks nuclear power plant is scheduled to shut down on August 2. He attributed the decision to a further decline in the Danube’s water level. The shutdown would mark the plant’s first such closure in 44 years.

Energy & commoditiesHungaryPaks nuclear plantnuclear energyDanube

TTASSOriginal★★★☆☆2026-08-02 00:02

Paks nuclear plant in Hungary to shut down for first time in 44 years — Magyar

Türkiye and Iraq sign one-year oil pipeline deal amid global shift

Türkiye and Iraq have signed a renewed one-year agreement covering oil flows through their pipeline. Officials confirmed that the arrangement will keep crude moving through the Iraq–Türkiye pipeline at a rate of 750,000 barrels per day. The deal comes as the global energy landscape undergoes a shift. It secures the continuation of a major cross-border crude route between the two countries.

Energy & commoditiesCompanies & industryTürkiyeIraqoil pipelineenergy

AAl JazeeraOriginal★★★☆☆2026-08-01 16:43

Türkiye and Iraq sign one-year oil pipeline deal amid global shift
Türkiye and Iraq sign one-year oil pipeline deal amid global shift

Caspian Pipeline Consortium continues receiving 100,000 tons of oil daily, ministry says

The Caspian Pipeline Consortium continues to receive oil from shippers and fill its storage tanks, Kazakhstan’s Energy Ministry reported. Since August 1, the volume arriving each day has stood at 100,000 tons. The ministry’s statement focused on the ongoing intake and did not describe any other changes to the transportation arrangements.

Energy & commoditiesoilCaspian Pipeline ConsortiumKazakhstan

TTASSOriginal★★☆☆☆2026-08-01 11:29

Caspian Pipeline Consortium continues receiving 100,000 tons of oil daily, ministry says

Europe’s average gas price rises 50% in July to $637 per 1,000 cubic meters

Europe’s average gas price climbed by half in July, reaching $637 per 1,000 cubic meters. Gas futures were trading at about $510 per 1,000 cubic meters on June 30. By the close of July 31, the futures price had risen to $709. The figures point to a sharp monthly increase across the European gas market.

Energy & commoditiesEuropenatural gasenergy prices

TTASSOriginal★★★★☆2026-08-01 04:20

Europe’s average gas price rises 50% in July to $637 per 1,000 cubic meters

Petrol prices set to exceed $2 a litre as Bowen signals end of fuel relief

Petrol prices have risen above $1.90 a litre in every Australian capital city. Diesel is forecast to pass $2.40 a litre within days. The government’s 16-cent-per-litre discount is due to end on Sunday. The fuel-excise reduction was introduced at 32 cents a litre in March, when prices peaked, before being cut in half in July. Treasurer Jim Bowen has signalled that the relief will not continue, setting the stage for higher costs at the pump.

Macro & central banksEnergy & commoditiesAustraliapetrol pricesfuel excisecost of living

TThe GuardianOriginal★★★☆☆2026-08-01 02:22

Petrol prices set to exceed $2 a litre as Bowen signals end of fuel relief
Petrol prices set to exceed $2 a litre as Bowen signals end of fuel relief

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue

Indian conglomerate Adani generated almost $1bn from its Queensland coal operations over the past year but will pay no company tax. Accounts show the Carmichael thermal coal business offset $963.5m in revenue with substantial production and related-party logistics costs. The company consequently reported a $340.6m loss for the year, wiping out its tax liability. Adani had previously promised to contribute billions through taxes and royalties.

Macro & central banksEnergy & commoditiesCompanies & industryAdaniCarmichael coal minecompany taxQueensland

TThe GuardianOriginal★★★☆☆2026-08-01 00:00

Adani to pay no company tax despite nearly $1bn in Queensland coal revenue
Adani to pay no company tax despite nearly $1bn in Queensland coal revenue
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