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European gas price may rise to $1,200-$1,300 in cold winter — expert

Finam Financial Group analyst Sergey Kaufman says European gas prices could reach $1,200-$1,300 per 1,000 cubic meters if a cold winter coincides with continued conflict in the Middle East. Prices could fall to about $600 if the Strait of Hormuz reopens soon, but low European storage levels are likely to prevent full normalization over the next 12 months.

Energy & commoditiesEuropean gasenergy pricesStrait of HormuzMiddle East conflict

TTASSOriginal★★★★☆2026-09-14 14:36

European gas price may rise to $1,200-$1,300 in cold winter — expert

Rosatom ready for dialogue with Hungary in any format on Paks II project

Rosatom CEO Alexey Likhachev says the corporation is ready to discuss the Paks II nuclear power plant project with Hungary at either expert or government-leadership level. He says Budapest is re-evaluating the project and that its design accounts for local conditions, including low Danube water levels.

Energy & commoditiesPaks IIRosatomHungarynuclear power

TTASSOriginal★★☆☆☆2026-09-14 14:32

Rosatom ready for dialogue with Hungary in any format on Paks II project

Canada’s August inflation holds steady at 3% as crude prices stay firm

Canada’s annual inflation rate remained at 3% in August, unchanged from the previous month. Firm crude prices continued to affect gasoline costs, while food-price growth eased only moderately, according to data released Monday.

Macro & central banksEnergy & commoditiesCompanies & industryCanadainflationcrude prices

RReutersOriginal★★★☆☆2026-09-14 14:30

Canada’s August inflation holds steady at 3% as crude prices stay firm
Canada’s August inflation holds steady at 3% as crude prices stay firm

Nigeria: What is the real motivation behind Dangote’s IPO ‘for the people’?

Aliko Dangote plans to raise about $1.6 billion through an IPO of Dangote Industries to help fund a $14.3 billion expansion that would double the refinery’s capacity to 1.4 million barrels per day. The offer is pitched as a way for millions of Nigerians to own a stake, but affordability remains in question despite a 525-naira price per share and a 10-share minimum.

MarketsEnergy & commoditiesDangote refineryIPONigeriaenergy

DDWOriginal★★★☆☆2026-09-14 14:12

Nigeria: What is the real motivation behind Dangote’s IPO ‘for the people’?
Nigeria: What is the real motivation behind Dangote’s IPO ‘for the people’?
  • Africa’s richest man targets $23bn from continent’s biggest-ever IPO
    Africa’s richest man targets $23bn from continent’s biggest-ever IPO

    Aliko Dangote’s Nigerian refinery business has launched what is described as Africa’s biggest-ever IPO. If fully subscribed, Dangote could add $23bn to his $35bn fortune, while the refinery’s valuation is expected to reach about 65.22tn naira. The offering is aimed at institutional and retail investors, particularly young Nigerians.

    IPODangote refineryNigeriaoil

    TThe Guardian★★★☆☆2026-09-14 12:38Original
  • Nigerian billionaire Dangote launches Africa's biggest refinery IPO
    Nigerian billionaire Dangote launches Africa's biggest refinery IPO

    Nigerian billionaire Aliko Dangote launched an initial public offering for his oil refinery on Monday, calling it Africa’s largest share sale to date. The IPO opens ownership of the plant to retail investors and raises funds for expansion.

    NigeriaAliko Dangoteoil refineryIPO

    RReuters★★★☆☆2026-09-14 11:15Original
  • Facts about Nigeria's Dangote oil refinery IPO
    Facts about Nigeria's Dangote oil refinery IPO

    Nigeria’s Dangote Group plans to sell 4.1 billion shares in its oil refinery, seeking to raise 2.15 trillion naira ($1.6 billion). The offering is expected to become Africa’s largest initial public offering to date.

    Dangote Groupoil refineryIPO

    RReuters★★★☆☆2026-09-14 08:40Original
  • How does Aliko Dangote's oil refinery fit into his conglomerate?
    How does Aliko Dangote's oil refinery fit into his conglomerate?

    Nigeria’s Dangote Group is offering the public a 3.3% stake in its 700,000-barrel-per-day oil refinery, in a transaction expected to be the largest of its kind in Africa.

    Dangote Groupoil refineryNigeria economy

    RReuters★★★☆☆2026-09-14 08:30Original
  • Africa’s richest man poised for $23 billion leap as refinery IPO opens

    Aliko Dangote, long Africa’s richest man, is poised for a $23 billion rise up the global wealth rankings as he launches an IPO for his refinery, in what would be the continent’s largest offering yet.

    Aliko DangoterefineryIPOwealth

    BBloomberg News★★★★☆2026-09-14 08:30Original

East Timor postpones earliest production from Greater Sunrise gas project

East Timor’s petroleum minister said the Greater Sunrise natural gas project has delayed its earliest possible production start by two years, to 2034, putting additional pressure on a timeline already beset by decades of delays.

Energy & commoditiesCompanies & industryEast TimorGreater Sunrisenatural gasenergy

RReutersOriginal★★★☆☆2026-09-14 14:00

East Timor postpones earliest production from Greater Sunrise gas project
East Timor postpones earliest production from Greater Sunrise gas project

US rail fuel surcharges on grain hit record highs, squeezing farmers during harvest season

Fuel surcharges on U.S. grain shipments by rail have more than doubled from a year ago, spreading across the farm belt and increasing transport costs. Farmers are also dealing with higher production expenses, adding to the pressure during harvest season.

Energy & commoditiesU.S. agriculturerail transportfuel surcharges

RReutersOriginal★★★☆☆2026-09-14 13:40

US rail fuel surcharges on grain hit record highs, squeezing farmers during harvest season
US rail fuel surcharges on grain hit record highs, squeezing farmers during harvest season
MAJOR

Why Saudi Arabia’s East-West pipeline matters for global oil

Saudi Arabia suspended its 1,200km East-West oil pipeline after drones struck it near Riyadh and Medina. Carrying about 4–5 million barrels per day to the Red Sea port of Yanbu, the route bypasses the disrupted Strait of Hormuz. Its closure could affect up to 5 percent of global oil supply, with repairs potentially taking days or five to six weeks.

Energy & commoditiesSaudi Arabiaoil supplyEast-West pipelinedrone attack

AAl JazeeraOriginal★★★★★2026-09-14 13:15

Why Saudi Arabia’s East-West pipeline matters for global oil
Why Saudi Arabia’s East-West pipeline matters for global oil
MAJOR
  • Asian refiners await word on Saudi shipments, expect tighter supply
    Asian refiners await word on Saudi shipments, expect tighter supply

    Asian refiners are preparing for a tighter supply of sour crude while waiting for Saudi Arabia to provide guidance on exports through the Red Sea following attacks on the East-West Pipeline, industry sources said on Monday.

    Saudi Arabiacrude oil supplyRed Seaenergy infrastructure

    RReuters★★★★☆2026-09-14 12:50Original
  • A spreading war threatens Trump and MBS

    A spreading war is threatening Donald Trump and Mohammed bin Salman as Saudi energy supplies are hit just as Europe and the US head into winter.

    Saudi Arabiaenergy supplieswarDonald Trump

    FFinancial Times★★★★☆2026-09-14 11:48Original
  • Saudi stocks extend losses as attacks on energy infrastructure unsettle investors
    Saudi stocks extend losses as attacks on energy infrastructure unsettle investors

    Saudi equities suffered another setback on Monday after the previous trading session’s steep losses. Investor confidence took a hit as attacks affecting the kingdom’s energy facilities and maritime routes intensified; several other major Gulf bourses, by contrast, recorded modest gains.

    Saudi stocksenergy infrastructureshipping routesGulf markets

    RReuters★★☆☆☆2026-09-14 11:10Original

Experts expect Brent crude to stay at $95-$115 per barrel in near term

Experts surveyed by TASS expect Brent crude to remain around $95-$115 per barrel in the near term, saying a rise to $150 is not currently the base case. They cite the unresolved Middle East conflict, falling inventories and higher refined-product costs as key price drivers.

Energy & commoditiesBrent crudeoil pricesMiddle East conflict

TTASSOriginal★★★☆☆2026-09-14 12:51

Experts expect Brent crude to stay at $95-$115 per barrel in near term

Kremlin: Russian petroleum product export ban aims to saturate domestic market

The ban on Russian petroleum product exports remains in force and is primarily intended to ensure sufficient domestic supply, Kremlin spokesman Dmitry Peskov said. He said instability and renewed escalation in the Persian Gulf are rapidly worsening global oil markets. Russia’s temporary ban on gasoline, diesel and other fuel exports runs until January 31, 2027.

Energy & commoditiesTrade & sanctionsRussiapetroleum productsexport bandomestic supply

TTASSOriginal★★★☆☆2026-09-14 11:48

Kremlin: Russian petroleum product export ban aims to saturate domestic market
  • Kremlin: Russian petroleum products dropping out of exports affects global markets

    Russian Presidential Spokesman Dmitry Peskov said the removal of Russian petroleum products from international exports is affecting global markets. He said oil-market conditions are rapidly worsening amid Persian Gulf instability and a large volume of oil leaving supplies, while Russia’s export ban is intended to secure domestic supplies.

    Russiapetroleum productsglobal marketsPersian Gulf

    TTASS★★★★☆2026-09-14 10:45Original

Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India

Chevron is seeking to expand its global gas portfolio from Argentina to the Mediterranean to meet rising demand from buyers worried about energy security amid the Middle East crisis, said Global Gas President Freeman Shaheen.

Energy & commoditiesCompanies & industryChevronLNGArgentinaenergy security

RReutersOriginal★★☆☆☆2026-09-14 11:45

Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India
Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India

Live updates: Bitcoin ekes out small gains as stocks fall on AI worries and oil surges

Bitcoin is managing a modest rise while stocks decline amid concern over artificial intelligence and oil prices surge. The Federal Reserve’s two-day policy meeting starts tomorrow, with nearly everyone expecting the U.S. central bank to raise its benchmark policy rate by 25 basis points.

Macro & central banksMarketsEnergy & commoditiesCryptoTech & AIBitcoinstocksartificial intelligenceFederal Reserveoil prices

CCoinDeskOriginal★★★☆☆2026-09-14 11:44

Live updates: Bitcoin ekes out small gains as stocks fall on AI worries and oil surges

US says it’s clearing Hormuz traffic: Why are oil futures beyond $100?

Brent crude has climbed to $107.82 a barrel despite President Donald Trump’s claim that the United States is helping reopen the Strait of Hormuz and escorting oil shipments. Attacks on shipping, damage to Saudi Arabia’s East-West pipeline and Houthi strikes have heightened supply fears, while tracking data shows traffic remains far below normal.

Energy & commoditiesStrait of Hormuzoil pricesSaudi ArabiaIran

AAl JazeeraOriginal★★★★☆2026-09-14 11:06

US says it’s clearing Hormuz traffic: Why are oil futures beyond $100?
US says it’s clearing Hormuz traffic: Why are oil futures beyond $100?

US diesel prices hit record $6.23 per gallon

The average US diesel price has reached a new record of $6.23 per gallon, up 68.3% since the start of the year. California has the highest price at $8.15, while Wyoming and Texas have the lowest at $5.83.

Energy & commoditiesUnited Statesdiesel pricesenergy

TTASSOriginal★★★☆☆2026-09-14 10:44

US diesel prices hit record $6.23 per gallon

Dmitriev calls European gas price surge a natural result of Eurocrats’ policies

Kirill Dmitriev, Russia’s presidential special representative for investment and foreign economic cooperation and head of the Russian Direct Investment Fund, said Europe’s rising gas prices were a natural consequence of what he called Eurocrats’ failed energy policies. He said prices would keep climbing. European gas prices topped $1,000 per 1,000 cubic meters on Monday for the first time since December 2022, with October futures at the Dutch TTF hub reaching about $1,004, or €84.07 per MWh.

Energy & commoditiesEuropean gasenergy policygas prices

TTASSOriginal★★★☆☆2026-09-14 09:51

Dmitriev calls European gas price surge a natural result of Eurocrats’ policies

European gas price tops $1,000 for first time since December 2022

European gas prices exceeded $1,000 per 1,000 cubic meters during Monday trading for the first time since December 2022, according to data from London’s ICE exchange. October futures at the Netherlands’ TTF hub climbed to about $1,004, or 84.07 euros per MWh, while spot prices at major European hubs had already passed $1,000 last week.

Energy & commoditiesEuropean gasenergy pricesTTF hub

TTASSOriginal★★★★☆2026-09-14 07:22

European gas price tops $1,000 for first time since December 2022

Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record

U.S. diesel prices have exceeded $6 a gallon for the first time, as the wars in Ukraine and Iran fuel broader concerns about energy supplies. Trump urged Ukraine to stop “knocking out” Russian oil refineries.

Energy & commoditiesDonald TrumpUkraineRussiaenergy prices

CCNBCOriginal★★★★☆2026-09-14 07:22

Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record
Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record

How high might natural gas prices go?

With blockages in the Strait of Hormuz continuing ahead of winter, the market is increasingly concerned that the outage could be prolonged, raising the prospect of further natural gas price increases.

Energy & commoditiesnatural gasStrait of Hormuzenergy markets

FFinancial TimesOriginal★★★★☆2026-09-14 04:00

How high might natural gas prices go?

Oil price surge revives prospect of Bank of England rate rise this year

The surge in oil prices has revived expectations that the Bank of England could raise interest rates this year. Investors expect the central bank to hold borrowing costs this week while signalling a possible increase later in the year.

Macro & central banksEnergy & commoditiesoil pricesBank of Englandinterest rates

FFinancial TimesOriginal★★★☆☆2026-09-14 04:00

Oil price surge revives prospect of Bank of England rate rise this year

Guyana’s oil boom and challenges

President Mohamed Irfaan Ali says Guyana’s oil revenues have risen sharply as the Iran conflict disrupts global energy supplies and lifts crude prices. While major discoveries have transformed the country, inflation and living costs remain high. Ali says his government is diversifying the economy to avoid dependence on oil wealth.

Energy & commoditiesCompanies & industryGuyanaoil revenueeconomic diversificationIran conflict

AAl JazeeraOriginal★★★☆☆2026-09-13 19:55

Guyana’s oil boom and challenges
Guyana’s oil boom and challenges

BRICS to lead in nuclear power generation, Rosatom CEO says

Rosatom CEO Alexey Likhachev said BRICS countries would eventually lead not only in energy production and consumption but also in nuclear power generation. He cited India’s forecast that energy use will rise 2.5-fold by 2050, with nuclear facilities totaling up to 100 GW to be built by 2047.

Macro & central banksEnergy & commoditiesTrade & sanctionsCompanies & industryBRICSnuclear powerenergy consumption

TTASSOriginal★★☆☆☆2026-09-13 18:13

BRICS to lead in nuclear power generation, Rosatom CEO says

Bitcoin’s Oil Risk Stretches Into 2027 as IEA Cuts Supply Outlook Again

The International Energy Agency has lowered its 2026 oil-supply forecast and expects full Gulf recovery only in 2027, potentially delaying relief in borrowing costs for Bitcoin investors. Demand is weakening, but falling inventories and sharply reduced Gulf refined-product and LPG exports indicate continuing physical tightness. Persistent energy pressure could also keep inflation and interest-rate expectations elevated.

Macro & central banksEnergy & commoditiesCryptoBitcoinoil supplyinflationinterest rates

CCryptoSlateOriginal★★☆☆☆2026-09-13 14:50

Bitcoin’s Oil Risk Stretches Into 2027 as IEA Cuts Supply Outlook Again
Bitcoin’s Oil Risk Stretches Into 2027 as IEA Cuts Supply Outlook Again

Saudi pipeline outage threatens loss of 4% of global oil supply

Saudi oil buyers and traders said the country could run out of export stocks within days if it cannot restart its major pipeline to the Red Sea, potentially removing up to 4% of global supply. Further declines in Saudi flows would deepen an existing crunch that has driven fuel prices to records, fueled inflation worldwide and pushed U.S. bond yields to their highest levels since the 2008 financial crisis.

Energy & commoditiesSaudi Arabiaoil pipelineglobal oil supplyfuel prices

RReutersOriginal★★★★☆2026-09-13 12:40

Saudi pipeline outage threatens loss of 4% of global oil supply
Saudi pipeline outage threatens loss of 4% of global oil supply

Canada’s oil windfall may yet erase its tariff losses

The roughly 0.5 per cent hit to Canada’s GDP from Donald Trump’s tariffs could be more than offset if oil prices rise above US$100 a barrel. Prices that fell over the summer have rebounded as peace recedes, while recent successes by Iran’s Houthi allies point to high prices lasting.

Energy & commoditiesTrade & sanctionsCanadaoil pricesTrump tariffs

CCBC NewsOriginal★★★☆☆2026-09-13 08:00

Canada’s oil windfall may yet erase its tariff losses

Saudi oil delivery times to Asia could rise 2.5-fold

Saudi oil shipments to Asia would take about 100 days round trip if the Bab el-Mandeb Strait were closed, according to Japanese Shipowners’ Association data cited by Asahi. Ships would need to travel via the Suez Canal and Cape of Good Hope, raising transport costs. The usual Hormuz route takes 40 days, while Bab el-Mandeb takes 40–50 days.

Energy & commoditiesTrade & sanctionsSaudi oilBab el-MandebStrait of Hormuzshipping

TTASSOriginal★★★★☆2026-09-13 04:49

Saudi oil delivery times to Asia could rise 2.5-fold
  • Bahrain says it will not join Iran’s proposed Hormuz meeting
    Bahrain says it will not join Iran’s proposed Hormuz meeting

    Bahrain says it will not attend an Oman meeting proposed by Iran to discuss safe shipping through the Strait of Hormuz, insisting it will not join a gathering involving Iran until diplomatic relations are restored. Tehran calls the meeting a sign of good intentions and says it will brief participants on consultations with Oman.

    BahrainIranStrait of Hormuzdiplomacy

    AAl Jazeera★★★★☆2026-09-12 19:34Original
  • Iran, Oman reach agreement on Strait of Hormuz shipping route

    Iran and Oman have reached a final agreement on a shipping route through the Strait of Hormuz, Tasnim reported, citing a source. The deal will soon be announced in the presence of Persian Gulf foreign ministers. Tasnim stressed that it was concluded exclusively between Iran and Oman; the inbound route will run entirely through Iranian territorial waters, while part of the outbound route will also do so.

    IranOmanStrait of Hormuzshipping route

    TTASS★★★★☆2026-09-12 17:21Original
  • Iran-Oman understanding does not provide for immediate reopening of Strait of Hormuz, Tasnim reports
    Iran-Oman understanding does not provide for immediate reopening of Strait of Hormuz, Tasnim reports

    An Iranian source told the semi-official Tasnim news agency on Saturday that an understanding between Iran and Oman does not mean the Strait of Hormuz will reopen immediately, but creates a basis for a possible reopening.

    IranOmanStrait of Hormuz

    RReuters★★★★☆2026-09-12 17:00Original
  • No signed Hormuz deal expected from Monday Oman meeting, Iranian official says
    No signed Hormuz deal expected from Monday Oman meeting, Iranian official says

    A senior Iranian official said Saturday that Monday’s planned meeting between Iran and Gulf states in Oman will provide an opportunity to discuss issues including the Strait of Hormuz, but is not expected to produce a signed agreement on the blockaded waterway.

    IranOman meetingStrait of Hormuz

    RReuters★★★★☆2026-09-12 13:50Original

Higher gas prices in Europe are price of globalist ideology — Dmitriev

Russian presidential envoy Kirill Dmitriev said Europe’s rising natural-gas prices are the high cost of the failures of globalist ideology and its “deep economic irrationality.” Citing Vladimir Putin, he said European prices could reach $1,500 per 1,000 cubic meters.

Energy & commoditiesEuropean gasenergy pricesRussiaglobalism

TTASSOriginal★★★☆☆2026-09-12 23:02

Higher gas prices in Europe are price of globalist ideology — Dmitriev

Fuel prices surge in Germany amid Bab el-Mandeb tensions

Diesel prices in Germany rose sharply on Saturday as tensions around the Bab el-Mandeb Strait escalated amid a Houthi offensive in Yemen, Bild reported. The national average reached 2.56 euros per liter, about 20 cents above its previous level, while Agrarheute forecast prices could climb to 3 euros because of the maritime blockade and stronger biodiesel demand.

Energy & commoditiesGermanyfuel pricesBab el-Mandeb StraitHouthis

TTASSOriginal★★★☆☆2026-09-12 21:34

Fuel prices surge in Germany amid Bab el-Mandeb tensions

Iran Conflict Drives Up Energy, Shipping and Material Costs, Hitting Clothing Consumers Next

The conflict in Iran is pushing up energy, shipping and material costs, with El Niño making conditions worse. Retail clothing consumers are now poised to feel the impact.

Energy & commoditiesTrade & sanctionsCompanies & industryIran conflictenergy costsshipping costsclothing retail

BBloomberg NewsOriginal★★★☆☆2026-09-12 17:30

Iran Conflict Drives Up Energy, Shipping and Material Costs, Hitting Clothing Consumers Next

Niger: Kafra oil block could hold 2.5 billion barrels

Niger’s oil minister said active drilling has begun at the Kafra oil block, which could contain an estimated 2.5 billion barrels. The area may become a cornerstone of economic cooperation with neighbouring Algeria, while Chinese companies currently operate most of Niger’s oil production.

Energy & commoditiesNigerKafra oil blockoil reservesAlgeria

FFrance 24Original★★★☆☆2026-09-12 14:19

Niger: Kafra oil block could hold 2.5 billion barrels
Niger: Kafra oil block could hold 2.5 billion barrels

BRICS to focus on sustainable development amid protectionist measures — declaration

The New Delhi Declaration adopted at the 18th BRICS summit says the group should promote a just, fair, stable and predictable environment for mutually beneficial sustainable development amid unilateral protectionist measures. Members also stressed the need for resilient, reliable and stable supply chains attentive to developing countries’ modernization needs.

Trade & sanctionsBRICSsustainable developmentprotectionismsupply chains

TTASSOriginal★★★★☆2026-09-12 13:40

BRICS to focus on sustainable development amid protectionist measures — declaration
  • BRICS nations call for creating just supply chains of critical minerals

    The New Delhi Declaration adopted at the BRICS summit calls for reliable, responsible, diversified, resilient, fair, sustainable and just supply chains for critical minerals. The group says these minerals are vital to zero- and low-emission energy technologies, energy security and resilient energy supplies, while resource-rich countries retain sovereignty over their resources.

    BRICScritical mineralssupply chainsenergy security

    TTASS★★★★☆2026-09-12 13:37Original

Trump sees Iran war ending soon after midterm elections, predicts oil prices will then fall sharply

Trump predicted that the Iran war would end soon after the midterm elections, followed by a sharp drop in oil prices. Oil prices retreated Friday on hopes that negotiations could resume, but still posted steep weekly gains after surging above $100 a barrel.

Energy & commoditiesDonald TrumpIran waroil prices

CCNBCOriginal★★★★☆2026-09-12 13:02

Trump sees Iran war ending soon after midterm elections, predicts oil prices will then fall sharply
Trump sees Iran war ending soon after midterm elections, predicts oil prices will then fall sharply

WorldSaudi shutdown of key pipeline limits oil flow as Yemen hits back against Houthis

Saudi Arabia has shut a critical oil pipeline after it was hit by drones launched from Iraq. The move comes as attacks by Iran-backed Houthi rebels this week further tighten Middle Eastern supplies and threaten to worsen the global energy crisis.

Saudi ArabiaYemenHouthisoil supply

NNBC NewsOriginal★★★★☆2026-09-12 10:36

Saudi shutdown of key pipeline limits oil flow as Yemen hits back against Houthis
Saudi shutdown of key pipeline limits oil flow as Yemen hits back against Houthis
  • Saudi Arabia shuts critical oil pipeline after drone attack: What it means
    Saudi Arabia shuts critical oil pipeline after drone attack: What it means

    Saudi Arabia has temporarily closed its critical East-West oil pipeline after a drone attack. Iraq confirmed the strike originated from its territory, launched an investigation and closed a border crossing with Iran. No group has claimed responsibility, while the shutdown adds to disruptions facing Saudi oil exports.

    Saudi Arabiaoil pipelinedrone attackIraq

    AAl Jazeera★★★★☆2026-09-12 10:36Original
  • Trump says Iran probably responsible for attack on Saudi pipeline
    Trump says Iran probably responsible for attack on Saudi pipeline

    U.S. President Donald Trump said Saturday that Iran was probably behind an aerial attack on Saudi Arabia that forced the closure of the kingdom’s East-West pipeline, a major route for exporting crude while avoiding the Strait of Hormuz.

    IranSaudi Arabiaoil pipelineaerial attack

    RReuters★★★★☆2026-09-12 10:25Original
  • Drones from Iraq attack and set Saudi pipeline on fire

    Drones from Iraq attacked Saudi Arabia’s East–West pipeline and set it ablaze. The route is crucial for sending Saudi oil to the Red Sea while bypassing the Strait of Hormuz, and the incident could push oil and fuel prices even higher.

    Saudi Arabiadrone attackoil pipelineoil prices

    Eeuronews★★★★☆2026-09-12 07:47Original
  • Saudi Oil Pipeline That Bypasses Hormuz Shut After Attacks
    Saudi Oil Pipeline That Bypasses Hormuz Shut After Attacks

    Saudi Arabia shut its critical East-West oil pipeline as a precaution after multiple attacks on Thursday, the Energy Ministry said. The pipeline serves as an alternative route for shipments unable to pass through the Strait of Hormuz.

    Saudi Arabiaoil pipelineStrait of Hormuzattacks

    BBloomberg News★★★★☆2026-09-12 05:30Original
  • Saudi Arabia shuts oil pipeline, blaming drones from Iraq
    MAJORSaudi Arabia shuts oil pipeline, blaming drones from Iraq

    Saudi Arabia says several drones launched from Iraq struck its East-West oil pipeline, causing injuries and damage and prompting a precautionary shutdown. The attack came as Houthi forces expanded their control of Yemen’s Red Sea coast and the strategic Bab al-Mandab Strait.

    Saudi Arabiaoil pipelinedrone attackHouthis

    TThe Guardian★★★★★2026-09-12 05:22Original
  • Live: Saudi Arabia shuts oil pipeline after drone attack launched from Iraq
    Live: Saudi Arabia shuts oil pipeline after drone attack launched from Iraq

    Saudi Arabia has closed its crucial East-West oil pipeline after Thursday’s attack, putting an important alternative route for Gulf crude exports at risk. Iraq’s foreign ministry said the country has decided not to retaliate for now.

    Saudi ArabiaIraqoil pipelinedrone attack

    FFrance 24★★★★☆2026-09-12 05:19Original
  • Saudi Arabia shuts key oil pipeline after drone attack from Iraq
    MAJORSaudi Arabia shuts key oil pipeline after drone attack from Iraq

    Saudi Arabia has closed its critical East-West oil pipeline after drones launched from Iraq struck it. Iraq said the attack originated in Maysan province, bordering Iran, removed the area’s military commander and opened an investigation. Riyadh said it would not retaliate for now.

    Saudi Arabiadrone attackoil pipelineIraq

    BBBC News★★★★★2026-09-12 04:43Original
  • Satellite image shows critical Saudi pipeline damaged in drone attack
    Satellite image shows critical Saudi pipeline damaged in drone attack

    Saudi Arabia has shut its East-West oil pipeline following a drone attack. Riyadh says the strike originated in Iraq. The pipeline had enabled Saudi Arabia to bypass the Strait of Hormuz.

    Saudi Arabiadrone attackoil pipeline

    AAl Jazeera★★★★☆2026-09-12 02:18Original
  • Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
    Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping

    Saudi Arabia has shut its East-West oil pipeline after the vital conduit came under aerial attack amid the widening Middle East war. The move comes as the Houthis tighten their control over shipping in the Red Sea.

    Saudi ArabiaHouthisRed Seaoil pipeline

    RReuters★★★★☆2026-09-12 01:10Original
  • Saudi pipeline comes under drone attack launched from Iraq, Foreign Ministry says

    Saudi Arabia condemned attacks by several drones launched from Iraq against the East-West oil pipeline near Medina and Riyadh, saying the strikes caused casualties. Riyadh decided not to retaliate at Iraqi Prime Minister Ali al-Zaidi’s request, but said it reserves the right to take all measures to protect its sovereignty, national security and economic facilities.

    Saudi ArabiaIraqdrone attackoil pipeline

    TTASS★★★★☆2026-09-12 00:07Original
  • Trans-Arabian pipeline shut down in two sections following attacks, Energy Ministry says

    Saudi Arabia’s Energy Ministry says sections of the East-West oil pipeline near Medina and Riyadh were shut down as a precaution after several attacks, which injured several people. Houthi rebels claimed responsibility, while U.S. intelligence sources did not rule out drone strikes from Iraq by pro-Iranian groups.

    Saudi Arabiaoil pipelineattacks

    TTASS★★★★☆2026-09-11 23:55Original
  • Saudi Arabia says East-West pipeline hit by drones launched from Iraq
    Saudi Arabia says East-West pipeline hit by drones launched from Iraq

    Saudi Arabia says several drones originating from Iraq struck its East-West oil pipeline near Riyadh and Medina, causing injuries and material damage and prompting a temporary shutdown. Riyadh is holding off retaliation at Baghdad’s request. Iraq condemned the attack, and Prime Minister Ali al-Zaidi ordered an investigation into those responsible.

    Saudi ArabiaIraqdrone attackoil pipeline

    AAl Jazeera★★★★☆2026-09-11 21:30Original
  • Saudi Arabia says drones launched from Iraq hit oil pipeline; Baghdad orders probe
    Saudi Arabia says drones launched from Iraq hit oil pipeline; Baghdad orders probe

    Saudi Arabia says drones launched from Iraq struck an oil pipeline, causing injuries and damage. Baghdad has ordered an investigation into the attack.

    Saudi ArabiaIraqdrone attackoil pipeline

    TTRT World★★★★☆2026-09-11 21:00Original
  • Saudi Arabia says Iraq-launched drones hit East-West pipeline, holds off retaliation
    Saudi Arabia says Iraq-launched drones hit East-West pipeline, holds off retaliation

    Saudi Arabia said drones launched from Iraq attacked its East-West pipeline. A Saudi Foreign Ministry statement said Riyadh would not retaliate for now at Iraq’s prime minister’s request, while reserving the right to take all necessary steps to protect its sovereignty, security and critical facilities.

    Saudi ArabiaIraqdrone attackoil pipeline

    RReuters★★★★☆2026-09-11 20:25Original
  • Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks

    Saudi Arabia has closed its East-West oil pipeline after attacks. The move is likely to add further momentum to rapidly rising oil prices.

    Saudi Arabiaoil pipelineoil prices

    FFinancial Times★★★★☆2026-09-11 20:15Original
  • Saudi Arabia shuts East-West crude oil pipeline after multiple attacks
    Saudi Arabia shuts East-West crude oil pipeline after multiple attacks

    Saudi Arabia shut down the East-West crude oil pipeline after it was hit by multiple attacks.

    Saudi Arabiacrude oil pipelineattacks

    CCNBC★★★☆☆2026-09-11 18:54Original

Diesel in Portugal hits record high as Spain introduces new discount

Diesel prices in Portugal have reached a record high, prompting many Portuguese drivers to cross the border to refuel. The trend is becoming even clearer after Spain’s government introduced a 20-cent-per-litre discount, making Spanish diesel the second cheapest in the EU.

Energy & commoditiesdiesel pricesPortugalSpainfuel discount

EeuronewsOriginal★★☆☆☆2026-09-12 10:19

Diesel in Portugal hits record high as Spain introduces new discount

APEC energy talks spotlight China’s role in regional green transition

APEC economies met in Beijing to discuss regional energy security and a faster shift to cleaner energy as disruptions in the Strait of Hormuz expose Asia-Pacific supply vulnerabilities. Participants said the resulting oil shock could encourage renewable energy development. China, the host, promoted cooperation and highlighted its experience in wind, solar, storage and smart-grid technologies.

Energy & commoditiesAPECenergy securitygreen transitionChina

CCGTNOriginal★★★★☆2026-09-12 06:32

APEC energy talks spotlight China’s role in regional green transition
APEC energy talks spotlight China’s role in regional green transition

Surging tanker rates signal a deepening global energy crisis

Global tanker freight rates are reaching record highs with little relief in sight, reflecting mounting pressure on oil markets as traders, shipowners, producers and buyers contend with a prolonged Persian Gulf conflict and increasingly complicated workarounds.

Energy & commoditiesTanker ratesEnergy crisisPersian GulfOil markets

BBloomberg NewsOriginal★★★★☆2026-09-12 04:30

Surging tanker rates signal a deepening global energy crisis
Surging tanker rates signal a deepening global energy crisis

High oil prices could force ECB to raise rates further, top policymaker warns

Austrian central bank governor Martin Kocher warned that high oil prices could push the European Central Bank into further rate increases. He said the risk of persistently elevated inflation is greater than it was a few months ago.

Macro & central banksEnergy & commoditiesoil pricesECBinterest rates

FFinancial TimesOriginal★★★☆☆2026-09-12 04:00

High oil prices could force ECB to raise rates further, top policymaker warns

US Diesel Prices Rise Past $6 a Gallon for First Time Ever

US diesel prices have climbed above $6 a gallon for the first time, increasing the risk of further energy-driven inflation just before the fuel enters its peak demand season.

Macro & central banksEnergy & commoditiesUnited Statesdiesel pricesenergy inflation

BBloomberg NewsOriginal★★★☆☆2026-09-11 23:00

US Diesel Prices Rise Past $6 a Gallon for First Time Ever
US Diesel Prices Rise Past $6 a Gallon for First Time Ever

Putin does not rule out European gas prices reaching $1,500

Russian President Vladimir Putin said European gas prices could reach $1,500 per 1,000 cubic meters. He said traders believe drawing gas from storage bought at lower prices is currently more advantageous, a view he said could drive prices from $1,000 to $1,500.

Energy & commoditiesEuropean gasenergy pricesVladimir Putin

TTASSOriginal★★★★☆2026-09-11 22:30

Putin does not rule out European gas prices reaching $1,500

US Commerce Department finalizes steep duties on solar imports from India, Indonesia and Laos

The U.S. Commerce Department finalized steep duties on solar cells and panels imported from India, Indonesia and Laos, saying producers dumped low-priced goods in the United States and received unfair government subsidies.

Energy & commoditiesTrade & sanctionsUS Commerce Departmentsolar importstrade tariffs

RReutersOriginal★★★☆☆2026-09-11 22:10

US Commerce Department finalizes steep duties on solar imports from India, Indonesia and Laos
US Commerce Department finalizes steep duties on solar imports from India, Indonesia and Laos
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