Strait of Hormuz: four tankers hit mines as October attacks reach a record
Iran's Revolutionary Guards say four oil tankers hit mines and caught fire in the Strait of Hormuz on 30 October 2026. UKMTO data show more than 30 attacks on ships in the…
Energy Insight
BrentFront-month futures, Jan 27
$104.77 $/bbl
−$8.66 (−7.6%) on prior
Close 2 November 2026
WTIFront-month futures, Dec 26
$96.46 $/bbl
−$7.66 (−7.4%) on prior
Close 2 November 2026
Henry HubFront-month futures, Dec 26
$2.856 $/MMBtu
−$0.042 (−1.4%) on prior
Close 2 November 2026
TTF (Dutch gas)Front-month futures, Dec 26
$30.20 $/MMBtu
−$0.82 (−2.6%) on prior
Close 3 November 2026
Front-month futures, previous close; contract month on each box. Brent: NYMEX Brent Last Day Financial futures, which settle on ICE Brent. WTI and Henry Hub: NYMEX. TTF: Dutch TTF futures, converted to US$/MMBtu at the daily EUR/USD rate. Data: Yahoo Finance, delayed.
Brent crude hits six-month high at $117.64 after limpet mine attack in Hormuz
Expiring December Brent crude settled at $117.64 a barrel on Friday 30 October 2026, its highest close since April 2026, after a tanker was hit by limpet mines in the Strait of…
QatarEnergy signs 20-year deal for 3 mtpa of Woodside’s Louisiana LNG
QatarEnergy has agreed to buy 3 mtpa of LNG from Woodside's Louisiana LNG project for 20 years from 2030. The deal makes the world's top LNG exporter the largest buyer of US…
Brent crude climbs back above $115 as Trump weighs military options on Iran
Brent crude climbed back above $115 a barrel in early Asian trade on Friday 30 October 2026, after a report that Donald Trump was briefed on military options against Iran and a…
ExxonMobil and Chevron cancel ADIPEC trips to Abu Dhabi over Iran security fears
ExxonMobil chief executive Darren Woods and Chevron upstream president Clay Neff have cancelled plans to attend ADIPEC in Abu Dhabi on 2–5 November 2026, citing security concerns, Reuters reported.
QatarEnergy extends LNG force majeure to end-2026 for Edison, Pakistan and Bangladesh
QatarEnergy has extended force majeure on LNG deliveries to Italy's Edison and to buyers in Pakistan and Bangladesh until the end of December 2026. India's Petronet LNG faces the same for November…
First 1mn barrels of Venezuelan oil under US–NABEP deal arrive in Texas
Two tankers carrying 1mn barrels of Venezuelan crude, the first cargo under the US deal with producer NABEP, unloaded in Corpus Christi, Texas. The oil will be sold to refineries run by…
Aramco offers discounted spot crude to Europe as East-West pipeline restarts
Saudi Aramco has offered spot crude cargoes to European refiners for October and November loading, some at a discount, after its East-West pipeline restarted. Buyers will also get full November term volumes.
Brent crude rebounds to $115 after fire near Saudi Arabia’s Ras Tanura hub
Brent crude climbed back to about $115 a barrel on Wednesday after a fire near Aramco's Ras Tanura hub. Prices had fallen almost $2 on Tuesday as talks in Tehran eased supply…
OPEC+ set to keep December oil output targets unchanged at 1 November meeting
Seven core OPEC+ members are expected to keep their December output targets unchanged when they meet online on Sunday, 1 November, sources told Reuters. No final decision has been made.
UBS lifts Brent year-end forecast to $110 as Houthis claim Ras Tanura strike
UBS now expects Brent to stay near $110 a barrel to the end of the year, up from its earlier $100 call. Oil eased on Tuesday as talks in Tehran went on,…
Brent crude slips to $115.81 on Tehran talks as Houthis claim new pipeline strike
Brent crude settled 0.8% lower at $115.81 a barrel on Monday, as talks in Tehran raised hopes of easing tension. The Houthis said they struck Saudi East-West pipeline pumping stations again.
Saudi Arabia to store crude in Singapore’s Jurong Rock Caverns from 2027
Saudi Arabia plans to store crude at Singapore's Jurong Rock Caverns from the second half of 2027, the two countries' energy ministers said. The move brings supply closer to Asian buyers after…
Houthis claim strikes on Saudi East-West pipeline, Yanbu and Rabigh refinery
Yemen's Houthis said they targeted the Saudi East-West pipeline, its pumping stations, an Aramco facility in Yanbu and the Rabigh refinery. Saudi Arabia did not confirm the claims.
Brent crude settles at $116.72, its highest since April, as Houthi attacks go on
Brent crude rose $3.55 to settle at $116.72 a barrel on Friday, its highest close since 29 April. It gained 6.24% over the week as Houthi attacks on Saudi Arabia continued.
Brent crude settles at $113.17, highest since May, as Aramco evacuates Dhahran HQ
Brent crude rose 4% to settle at $113.17 a barrel on Thursday, its highest close since 4 May. Saudi Aramco told staff to evacuate its Dhahran headquarters after more Houthi attacks.
Reliance and Rubio discuss US partnerships in oil, new energy and data centres at Jamnagar
Reliance Industries says it discussed partnerships across conventional and new energy with US Secretary of State Marco Rubio at its Jamnagar refinery. Power for data centres was also on the table.
Indian Oil to cut Middle East crude term deals for 2027-28 as Iran war hits supply
Indian Oil plans to slightly cut the crude it buys from Gulf producers under annual deals in 2027-28, Reuters reports. It had planned to source about 47% of imports from the region…
Drone attacks hit Saudi Arabia’s Dammam airport and Shaybah oilfield, killing three
Attacks on King Fahd airport in Dammam and Aramco's Shaybah oilfield killed three people on Wednesday, Saudi authorities said. Shaybah's operations were not affected.
Rubio presses Reliance to refine more Venezuelan crude ahead of Jamnagar visit
US Secretary of State Marco Rubio says Washington will encourage Reliance Industries to refine, and possibly produce, more Venezuelan crude. He visits the Jamnagar refinery on Wednesday.
