Oil News and Gas News
March 04, 2026
OIL AND GAS
Iran war oil 'chaos' shows value of renewables: UN



Paris, France (AFP) Mar 2, 2026
The oil and gas price hikes triggered by the war in the Middle East show the importance of renewable energy, which is cheaper and more resilient to global turmoil, the UN's climate chief said Monday. "Along with its brutal human costs, this newest upheaval shows yet again that fossil fuel dependence leaves economies, businesses, markets and people at the mercy of each new conflict or trade policy lurch," said Simon Stiell, the head of the United Nations climate body. "But there is a clear soluti ... read more

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Previous Issues
OIL AND GAS
Mideast war exposes fragile oil, gas dependency
Paris, France (AFP) Mar 3, 2026
As in 2022 when Russia invaded Ukraine, the new war in the Middle East is exposing once again how far Europe and others lag in replacing imported fossil fuels with domestic solar and wind power, specialists say. ... more
OIL AND GAS
China urges all sides to maintain safety in Hormuz Strait
Beijing (AFP) Mar 3, 2026
China called on all sides in the Middle East war to maintain safety in the Strait of Hormuz, a vital shipping route for oil and gas, and vowed measures to ensure its energy security. ... more
OIL AND GAS
Iran missile and drone barrages create dilemma for Gulf states
Doha (AFP) Mar 3, 2026
For four days, Iranian missiles and drones have swept Gulf states' cities and infrastructure, sundering ties with Tehran and placing the neighbours on a potential course for greater military confrontation, analysts said. ... more
OIL AND GAS
Trump says US Navy could escort tankers, Iran aimed to strike first
Washington, United States (AFP) Mar 3, 2026
President Donald Trump said Tuesday the US Navy was ready to escort oil tankers through a crucial Gulf shipping route, as he justified his war on Iran by saying he believed Tehran was about to strike first. ... more
OIL AND GAS
Will US oil companies be the big winners from the Iran war?
New York (AFP) Mar 3, 2026
Energy prices have surged dramatically since the United States and Israel launched their attack on Iran Saturday, and that will almost certainly translate into bigger profits. ... more
OIL AND GAS
Myanmar drivers scramble for fuel as Mideast war cuts supply
Yangon, Myanmar (AFP) Mar 4, 2026
Snaking queues of vehicles waited in Myanmar for shrivelling petrol supplies on Wednesday, with some gas stations shuttered as fuel stocks dried up due to the war in the Middle East. ... more
BIO FUEL
Ancient guano drove Chincha coastal power
Sydney, Australia (SPX) Feb 16, 2026
Archaeologists have linked a humble but potent resource, seabird guano, to the rise of the Chincha Kingdom as a major coastal power in pre-Inca Peru. A new study led by University of Sydney digital ... more
OIL AND GAS
Brazil eyes fossil fuel roadmap 'that unites'
Paris, France (AFP) Feb 17, 2026
The hosts of the last UN climate talks want to present a 'roadmap' on reducing dependence on oil, gas and coal that unites nations, they said Tuesday, after a battle over fossil fuels marred the summit in Brazil. ... more

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OIL AND GAS
US renews threat to leave IEA
Paris, France (AFP) Feb 19, 2026
US Energy Secretary Chris Wright renewed his threat Thursday to pull out of the International Energy Agency, saying Washington would press the organisation to abandon a net-zero agenda 'in the next year or so'. ... more
OIL AND GAS
Chief of US Southern Command on visit to Venezuela: embassy
Caracas (AFP) Feb 19, 2026
The chief of the US military command responsible for strikes on alleged drug smuggling boats off South America, visited Venezuela Wednesday and held talks with interim leader Delcy Rodriguez and her top ministers, its government said. ... more
OIL AND GAS
Iran, Russia to conduct joint drills in the Sea of Oman
Tehran (AFP) Feb 18, 2026
Iran and Russia will conduct naval manoeuvres in the Sea of Oman on Thursday, following the latest round of talks between Tehran and Washington in Geneva, Iranian media reported. ... more
OIL AND GAS
US energy chief says IEA must 'drop' focus on climate change
Paris, France (AFP) Feb 18, 2026
US Energy Secretary Chris Wright urged the International Energy Agency on Wednesday to abandon its work on climate change and focus instead on its founding mission. ... more
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OIL AND GAS
Oil prices fall back as 'hopeful' Tehran responds to Trump
New York (AFP) Feb 17, 2026
Shares vacillated and oil prices dropped back down Tuesday as Tehran gave an encouraging response during talks with US officials in Geneva on Iran's nuclear programme, after days of escalating rhetoric from President Donald Trump. ... more
OIL AND GAS
US lawmaker moves to shield oil companies from climate cases
Washington, United States (AFP) Feb 12, 2026
A US lawmaker is drafting legislation to block a wave of state and local climate-damage lawsuits against fossil fuel companies, advancing a top priority of the oil and gas industry. ... more
OIL AND GAS
Oil in spotlight as Trump's Iran warning rattles sleepy markets
Hong Kong (AFP) Feb 17, 2026
Oil prices were in focus Tuesday as US President Donald Trump ramped up threats towards Iran, shaking up markets subdued by holidays in Asia and the United States. ... more
OIL AND GAS
US forces board ship in Indian Ocean that fled Caribbean blockade: Pentagon
Washington, United States (AFP) Feb 15, 2026
US forces boarded an oil tanker in the Indian Ocean that violated President Donald Trump's blockade of sanctioned vessels in the Caribbean and fled the region, the Pentagon said Sunday. ... more
OIL AND GAS
Chinese captain pleads not guilty to criminal damage of pipeline
Hong Kong (AFP) Feb 11, 2026
The Chinese captain of a Hong Kong-registered cargo ship pleaded not guilty on Wednesday to criminal damage of a Baltic Sea gas pipeline that was forced to shut down after a leak. ... more
OIL AND GAS
Fire at Iraq oil refinery kills one, injures 6
Baghdad (AFP) Feb 9, 2026
A fire at a key oil refinery killed one worker and injured six others on Monday in northern Iraq, authorities said. ... more
OIL AND GAS
Trump says he welcomes Chinese investment in Venezuelan oil
Washington, United States (AFP) Feb 1, 2026
US President Donald Trump said Saturday he would 'welcome' Chinese investment in Venezuela's oil industry as the South American country seeks to revive its battered economy following the ouster of leader Nicolas Maduro. ... more
BIO FUEL
Neem seed biochar turns waste into thermal energy storage medium
Tokyo, Japan (SPX) Feb 04, 2026
As renewable energy deployment accelerates worldwide, managing heat when the sun is not shining or when demand fluctuates remains a core challenge for clean energy systems. Researchers reporting in ... more
BIO FUEL
Salt solvent unlocks lignin for next generation biofuel plants
Los Angeles CA (SPX) Feb 03, 2026
Plants grown for fuel crops hold significant untapped energy potential, but a large fraction of that chemical power has been difficult to harness using conventional methods. Researchers at the DOE-f ... more
OIL AND GAS
US firm owned by Trump donor buys German oil storage giant
Frankfurt, Germany (AFP) Jan 23, 2026
A US takeover of a major German operator of fuel storage sites has been approved, Berlin said Friday, despite warnings about the new owner's close links to US President Donald Trump. ... more
OIL AND GAS
US to conduct multi-day military exercise in Middle East
Washington, United States (AFP) Jan 27, 2026
The United States on Tuesday announced a major multi-day Air Force exercise in the Middle East, as Washington and Tehran face off over Iran's deadly crackdown on anti-government demonstrations. ... more
OIL AND GAS
Vladimir Padrino: Venezuela's military power broker
Caracas (AFP) Jan 27, 2026
Vladimir Padrino, the man who wields absolute control over Venezuela's powerful military, became a soldier entirely by chance. ... more
OIL AND GAS
French navy boards tanker 'from Russia' in Mediterranean
Paris, France (AFP) Jan 22, 2026
France's navy, with the help of allies, on Thursday boarded a tanker alleged to be from Russia's sanction-busting 'shadow fleet' in the Mediterranean, President Emmanuel Macron said. ... more
BIO FUEL
Pilot plant in Mannheim delivers tailored climate friendly fuel blends
Berlin, Germany (SPX) Jan 21, 2026
Tank trucks in Mannheim can now load customized blends of fossil and renewable fuels from a new pilot plant that documents greenhouse gas savings for every delivery. The inline blending facility, lo ... more
OIL AND GAS
TotalEnergies told to act to 'ease eco-anxiety'
Tournai, Belgium (AFP) Jan 21, 2026
Several groups and a Belgian farmer asked a court on Wednesday to order TotalEnergies to reduce its oil and gas production to 'ease the existential anxiety' linked to climate change. ... more
OIL AND GAS
Russia says US has not released crew from detained tanker
Moscow (AFP) Jan 20, 2026
Russia said Tuesday the United States has not released two Russian crew members of a tanker seized in the North Atlantic despite promising to do so. ... more
OIL AND GAS
Oil prices drop 3% after Trump comments on Iran
Hong Kong (AFP) Jan 15, 2026
Oil prices plunged on Thursday after fears over instability in Iran were eased by comments from US President Donald Trump. ... more
OIL AND GAS
Chinese villagers struggle for heat as gas subsidies fade
Xushui, China (AFP) Jan 14, 2026
Almost a decade after China began curbing coal burning to stop thick winter smog, villagers in northern Hebei province are struggling to afford their heating bills with most gas subsidies now phased out. ... more
OIL AND GAS
China: the indispensable partner of Maduro's Venezuela
Beijing Jan 9, 2026
China was the dominant buyer of Venezuelan oil under deposed president Nicolas Maduro, the fulcrum of a symbiotic partnership that propped up the South American economy and gave Beijing regional influence. ... more
OIL AND GAS
Delta and beach bar sand bodies offer new framework for buried shoreline reservoirs
Tokyo, Japan (SPX) Jan 06, 2026
New research brings together decades of work on how delta and beach bar systems interact to form composite sand bodies that can host important subsurface reservoirs in lakes and seas. The study exam ... more
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