# all-time high (news sources) — RSS Amplifier Recent posts from the 1 feeds in the RSS Amplifier directory that cover all-time high. Page: Feed: --- ## [Uranium Prices Surge as Nuclear Demand Accelerates](https://oilprice.com/Metals/Commodities/Uranium-Prices-Surge-as-Nuclear-Demand-Accelerates.html) _2026-08-25 · OilPrice.com · Oilprice.com_ Bloomberg's continuous front-month uranium futures contract (UXA1 Comdty) briefly surged above $100 a pound in late January, driven by tightening supplies, renewed government support for nuclear power, and rising electricity demand from the AI infrastructure boom. Uranium futures then retreated and remained range-bound between $84 and $87 for five months. But momentum has returned in August, with… ## [Satellite Images Show Seven Tankers Loading Iraqi Crude at Once](https://oilprice.com/Latest-Energy-News/World-News/Satellite-Images-Show-Seven-Tankers-Loading-Iraqi-Crude-at-Once.html) _2026-08-25 · Julianne Geiger · Oilprice.com_ Seven crude carriers were moored at Iraq’s Persian Gulf export facilities on August 24—a sharp increase from recent weeks. The carriers had a combined carrying capacity of roughly 13 million barrels, according to satellite imagery analyzed by Bloomberg. TankerTrackers.com separately said it counted and identified 13 million barrels loading Monday at Iraq’s Al Basrah Oil Terminal. That is a… ## [Norway’s Troll Gas Expansion Buys Europe Time—But Not New Supply](https://oilprice.com/Energy/Natural-Gas/Norways-Troll-Gas-Expansion-Buys-Europe-TimeBut-Not-New-Supply.html) _2026-08-25 · OilPrice.com · Oilprice.com_ Norway has started production from the second stage of the Troll Phase 3 development, accelerating 55 billion cubic meters of natural gas from the Troll West reservoir and helping sustain high gas deliveries to Europe from one of the continent’s most important energy assets. Production began on August 22, several months earlier than planned and a cost at tens of millions of dollars below the… ## [UK Tax Rises Back on the Table as Burnham Faces Fiscal Crunch](https://oilprice.com/Energy/Energy-General/UK-Tax-Rises-Back-on-the-Table-as-Burnham-Faces-Fiscal-Crunch.html) _2026-08-25 · OilPrice.com · Oilprice.com_ Andy Burnham has suggested tax rises could be on the cards in the looming Autumn Budget, warning he “won’t be unrealistic” over the state of the public purse. The Prime Minister quickly pledged to give people “breathing space” and ease the cost of living after taking the keys to No.10 last month. But in fresh comments during his visit to Ukraine, Burnham acknowledged the fiscal pressures facing… ## [Russia Eyes Central Asia as a Safe Haven for Its Defense Industry](https://oilprice.com/Geopolitics/Europe/Russia-Eyes-Central-Asia-as-a-Safe-Haven-for-Its-Defense-Industry.html) _2026-08-25 · OilPrice.com · Oilprice.com_ With Russian infrastructure being pummeled by Ukrainian drones, the Kremlin is hoping to sustain its war effort in Ukraine going by deepening defense cooperation with Kazakhstan and Uzbekistan. It is uncertain, however, whether Astana and Tashkent will go along with Moscow’s wishes. Russia appears to be primarily interested in outsourcing the manufacture of arms, establishing assembly lines and… ## [BLM Sets October Oil and Gas Lease Sale for Montana and Dakotas](https://oilprice.com/Latest-Energy-News/World-News/BLM-Sets-October-Oil-and-Gas-Lease-Sale-for-Montana-and-Dakotas.html) _2026-08-25 · Julianne Geiger · Oilprice.com_ The federal government is putting another 3,388 acres of public mineral estate on the auction block for oil and gas development in Montana and the Dakotas. The Bureau of Land Management said it will offer 20 parcels in an online oil and gas lease sale scheduled for October 27. The acreage has already worked its way through several stages of the federal review process. BLM completed scoping for the… ## [China Defies U.S. Economic D-Day against Iran](https://oilprice.com/Latest-Energy-News/World-News/China-Defies-US-Economic-D-Day-against-Iran.html) _2026-08-25 · Charles Kennedy · Oilprice.com_ China on Tuesday signaled it would not end its ties and trade relations with Iran following the U.S. sanctions unveiled on Monday that target Chinese and Hong Kong entities for helping Iran do business. On Monday, the U.S. Administration announced a series of new sanctions against individuals and entities linked with Iranian trade and economy, including the shipping and oil industry. However,… ## [The Race to Power AI Is Reviving America's Nuclear Ambitions](https://oilprice.com/Alternative-Energy/Nuclear-Power/The-Race-to-Power-AI-Is-Reviving-Americas-Nuclear-Ambitions.html) _2026-08-25 · Haley Zaremba · Oilprice.com_ The artificial intelligence boom is supercharging the development of next-gen nuclear energy technology. Big Tech and private equity are catalyzing the research and development of cutting-edge approaches to round-the-clock clean energy production as hyperscalers add power-hungry data centers to the grid at a blistering rate. “A single hyperscale data center can consume as much electricity as… ## [Oil Prices Fall as Iran Negotiation Hopes Return](https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Fall-as-Iran-Negotiation-Hopes-Return.html) _2026-08-25 · Tom Kool · Oilprice.com_ U.S. sanctions pressure on Iran intensifies, but Pakistani mediation hopes push Brent back to $89. US Blockade Leaves Iran’s Oil Trade on Borrowed Time - The announcement of the Trump administration’s ‘Economic D-Day’ sanctions on Iran coincides with an overall slump in Tehran’s crude exports, choked off by the US Navy’s maritime blockade in the Gulf of Oman. - Iran’s August crude exports have so… ## [Hormuz Crisis Boosts Appeal of $42-Billion Tanzania LNG](https://oilprice.com/Latest-Energy-News/World-News/Hormuz-Crisis-Boosts-Appeal-of-42-Billion-Tanzania-LNG.html) _2026-08-25 · Charles Kennedy · Oilprice.com_ Equinor sees a multi-billion LNG export project in Tanzania becoming more attractive for development amid the Middle East conflict that has crippled liquefied natural gas supply through the Strait of Hormuz, a senior executive at the Norwegian energy major said on Tuesday. However, Equinor and its co-operator of the project, Shell, have been locked in difficult negotiations with the government and… ## [Non-custodial Crypto Payments & Escrow (Sponsored)](https://crawlproof.com/a/P4VU4cNfjl80) _2026-08-25 · **Sponsored**_ Accept multi-chain crypto with trustless escrow, instant confirmations, and no KYC ## [Europe Dodges a Rhine Crisis for the Worst Possible Reason](https://oilprice.com/Energy/Energy-General/Europe-Dodges-a-Rhine-Crisis-for-the-Worst-Possible-Reason.html) _2026-08-22 · Natalia Katona · Oilprice.com_ The Rhine has slightly risen from its mid-August record low (when Kaub’s water level gauge – at the river’s decisive chokepoint – was below 10 cm), but the relief is mostly optical. Barges still cannot carry normal loads through it, leaving the industrial corridor from Rotterdam and Antwerp to southern Germany, eastern France and Switzerland short of transport capacity. The immediate result is… ## [The Gas Turbine Shortage Just Became AI’s Biggest Constraint](https://oilprice.com/Energy/Energy-General/The-Gas-Turbine-Shortage-Just-Became-AIs-Biggest-Constraint.html) _2026-08-22 · Michael Kern · Oilprice.com_ Order a heavy-duty gas turbine from GE Vernova today and it won’t arrive until 2031. That’s the company’s actual production schedule, confirmed on its July 22 earnings call, and it’s the fact sitting underneath every AI data center power plan announced in the last two years. It comes up far less often than the announcements do. Goldman Sachs put hard numbers on the demand side in May. U.S. data… ## [Clean Energy Spending Tracking Toward Record $180 Billion in 2026](https://oilprice.com/Energy/Energy-General/Clean-Energy-Spending-Tracking-Toward-Record-180-Billion-in-2026.html) _2026-08-22 · Haley Zaremba · Oilprice.com_ Donald Trump is accidentally overseeing a massive buildout of the country’s renewable energy capacity and infrastructure. Not only are investments in renewable technologies soaring to new highs, the national energy grid is rapidly transforming to accommodate an increasingly solar- and wind-powered energy mix. Despite massive rollbacks of Biden- and Obama-era clean energy incentives and financial… ## [Every Chokepoint That Isn't Hormuz](https://oilprice.com/Energy/Energy-General/Every-Chokepoint-That-Isnt-Hormuz.html) _2026-08-22 · Michael Kern · Oilprice.com_ For six months the entire conversation about oil logistics has been about one strait, and you can hardly blame anyone for that. Hormuz has been effectively closed since late February, when the war between Iran and the U.S. and Israel started, and the EIA reckons only 4.9 million barrels a day of crude and liquids made it through in the second quarter. In the last quarter of 2025 that number was… ## [IEA: Southeast Asia Needs Grid Investment to Nearly Quadruple by 2050](https://oilprice.com/Energy/Energy-General/IEA-Southeast-Asia-Needs-Grid-Investment-to-Nearly-Quadruple-by-2050.html) _2026-08-22 · Felicity Bradstock · Oilprice.com_ Southeast Asia needs to invest heavily in upgrading and modernising its transmission networks if countries across the region hope to deploy larger quantities of renewable energy over the next decade. With investment in green energy growing ever higher, the grid systems in countries such as Indonesia, India, and Vietnam simply cannot keep up with capacity growth, creating a bottleneck in power… ## [China's New Five-Year Plan Preps the Nation for Peak Oil](https://oilprice.com/Energy/Crude-Oil/Chinas-New-Five-Year-Plan-Preps-the-Nation-for-Peak-Oil.html) _2026-08-21 · Haley Zaremba · Oilprice.com_ China's energy strategy has largely shielded it from the fallout of the war in Iran and the resultant closure of the Strait of Hormuz, a vital artery for global oil and gas trade. However, the country's newest five-year plan for its oil and gas sector reveals ongoing anxieties about geopolitical tensions, future conflicts, reliance on energy imports, and the country's dwindling crude supplies.… ## [The Race to Unlock the World’s Hidden Hydrogen Reserves](https://oilprice.com/Energy/Energy-General/The-Race-to-Unlock-the-Worlds-Hidden-Hydrogen-Reserves.html) _2026-08-21 · Haley Zaremba · Oilprice.com_ Countries around the globe are racing to become the world’s first geologic hydrogen hotspot. A few years ago, the United States Department of Energy released a bombshell report that estimated that there are trillions of metric tons of natural hydrogen deposits sitting in underground pockets around the world – and that a considerable amount of that could be extracted for industrial use. Energy… ## [Low Rivers, High Stakes: Europe's Nuclear Cooling Crisis](https://oilprice.com/Alternative-Energy/Nuclear-Power/Low-Rivers-High-Stakes-Europes-Nuclear-Cooling-Crisis.html) _2026-08-21 · Felicity Bradstock · Oilprice.com_ The extreme heat experienced across Europe in recent weeks has caused widespread disruption to nuclear power plants. Governments across the region have been forced to take extraordinary measures to keep nuclear facilities operating, but some are failing to meet their goals, with river levels at record lows. This is expected to have a significant impact on Europe’s GDP, with economic losses in the… ## [Iraq Wants to Double Oil Output—and Needs OPEC to Get Out of the Way](https://oilprice.com/Latest-Energy-News/World-News/Iraq-Wants-to-Double-Oil-Outputand-Needs-OPEC-to-Get-Out-of-the-Way.html) _2026-08-21 · Julianne Geiger · Oilprice.com_ Iraq wants to more than double its oil production within six years. First, it needs OPEC to let it. Baghdad is targeting output of between 8 million and 10 million barrels per day, up from roughly 4 million bpd before the Iran war, Prime Minister Ali al-Zaidi said Friday. Iraq dispatched its oil and finance ministers to Saudi Arabia the same day to make the case for a higher OPEC production quota.… ## [China Challenges Russia’s Arms Dominance in Central Asia](https://oilprice.com/Energy/Energy-General/China-Challenges-Russias-Arms-Dominance-in-Central-Asia.html) _2026-08-21 · OilPrice.com · Oilprice.com_ China is challenging Russia’s stranglehold on Central Asia’s arms market. Uzbekistan appears to have taken delivery of four PRC-made ChengduJ-10CE multi-role combat aircraft, according to multiple reports, one of which includes a photo of one of the fighters supposedly acquired by the Uzbek Air Force. Tashkent reportedly has an agreement with Beijing to receive a total of 24 fighters. Uzbek and… ## [Stop CI/CD & Supply-Chain Attacks (Sponsored)](https://crawlproof.com/a/3FpAEl3O0JeD) _2026-08-21 · **Sponsored**_ Per-PR: 17 CI/CD checks and package malware scans with inline Check Run findings. ## [Tankers Wait a Month as Venezuela Hits an Oil Export Ceiling](https://oilprice.com/Latest-Energy-News/World-News/Tankers-Wait-a-Month-as-Venezuela-Hits-an-Oil-Export-Ceiling.html) _2026-08-21 · Julianne Geiger · Oilprice.com_ Venezuela has plenty of oil buyers again. What it does not have is enough functioning port infrastructure to get them their crude. Tankers are waiting as long as 30 days to load Venezuelan oil as aging terminals, power outages and crude-quality problems create a de facto ceiling on exports, according to Reuters. That ceiling appears to be around 1.25 million barrels per day. PDVSA and its partners… ## [US Oil Drillers See Pullback as Oil Prices Rise](https://oilprice.com/Energy/Crude-Oil/US-Oil-Drillers-See-Pullback-as-Oil-Prices-Rise.html) _2026-08-21 · Julianne Geiger · Oilprice.com_ The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US falling to 588, up 50 from this same time last year. The number of active oil rigs fell by 3, sinking to 452 during the latest reporting period, according to the data. This is 41 above this same time last year.… ## [India Boosts Battery Investment to Cut Solar Power Waste](https://oilprice.com/Latest-Energy-News/World-News/India-Boosts-Battery-Investment-to-Cut-Solar-Power-Waste.html) _2026-08-21 · Charles Kennedy · Oilprice.com_ Solar power developers in India have started to add battery storage to photovoltaic projects to attract buyers and reduce the large share of curtailments for power supply that the grids are unable to absorb, Santosh Sarangi, Secretary of India’s Ministry of New and Renewable Energy, said on Friday. As much as 42 gigawatts (GW) of solar projects are still struggling to find offtakers, with about 18… ## [America’s Next Strategic Partner Is Hiding in Plain Sight](https://oilprice.com/Geopolitics/Asia/Americas-Next-Strategic-Partner-Is-Hiding-in-Plain-Sight.html) _2026-08-21 · James Durso · Oilprice.com_ When Uzbekistan celebrates 35 years of independence on September 1st, Washington should do more than congratulate its people and government. It should recognize a strategic opportunity and make Uzbekistan the anchor of its policy in Central Asia. Uzbekistan is Central Asia's most populous country, strategically located between Russia, China, Iran, Afghanistan, and the Caspian Sea. It is opening… ## [China’s Teapots Look Beyond Iranian Oil amid U.S. Blockade](https://oilprice.com/Latest-Energy-News/World-News/Chinas-Teapots-Look-Beyond-Iranian-Oil-amid-US-Blockade.html) _2026-08-21 · Charles Kennedy · Oilprice.com_ China’s refiners have imported lower volumes of Iranian crude in August compared to July as the U.S. blockade reinstated in mid-July is squeezing crude supply to Iran’s top oil customer. So far this month, China is estimated to have imported about 534,000 barrels per day (bpd) of Iranian crude oil, down from an estimated 823,000 bpd in July, according to preliminary data by Kpler cited by Reuters.… ## [East African Nations Offered 30% Share of Dangote’s Kenya Mega-Refinery](https://oilprice.com/Latest-Energy-News/World-News/East-African-Nations-Offered-30-Share-of-Dangotes-Kenya-Mega-Refinery.html) _2026-08-21 · Tsvetana Paraskova · Oilprice.com_ Nigeria’s Dangote Group has offered a 30% stake in a planned refinery in Kenya to East African nations, a senior economic adviser to Kenya’s President William Ruto said. Dangote Group, the corporation of Africa’s richest man, Aliko Dangote, plans to build a refinery in Kenya with a processing capacity of as much as 700,000 barrels per day of crude, which is estimated to cost about $17 billion. The… ## [Nigeria Eyes $50 Billion Offshore Oil and Gas Investment Boom](https://oilprice.com/Latest-Energy-News/World-News/Nigeria-Eyes-50-Billion-Offshore-Oil-and-Gas-Investment-Boom.html) _2026-08-21 · Tsvetana Paraskova · Oilprice.com_ The new Nigerian incentives for offshore oil and gas projects have the potential to attract $50 billion in new investment in Nigeria’s offshore energy sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said. Nigeria, however, needs upskilled and additional numbers of skilled workers and employees, including in the digital industries, to take advantage of the new offshore… ## [Iranian Oil Supply to China Is Rapidly Drying Up](https://oilprice.com/Latest-Energy-News/World-News/Iranian-Oil-Supply-to-China-Is-Rapidly-Drying-Up.html) _2026-08-21 · Tsvetana Paraskova · Oilprice.com_ Iranian crude oil cargoes readily available to Chinese buyers have nearly dried up following the reinstated U.S. blockade on Iran’s oil exports, suggesting that independent Chinese refiners, the biggest buyers of Iranian crude, may have to turn to alternative supply as soon as next month. Total Iranian crude volume outside the Persian Gulf and Gulf of Oman is currently about 83 million barrels,… ## [China’s Oil Imports Set to Rebound as Refiners Hunt for New Supply](https://oilprice.com/Latest-Energy-News/World-News/Chinas-Oil-Imports-Set-to-Rebound-as-Refiners-Hunt-for-New-Supply.html) _2026-08-21 · Irina Slav · Oilprice.com_ Crude oil imports into China are set to rise by about 1.2 million barrels per day in the final quarter of the year from the current one, although they will likely remain lower than pre-war levels, Bloomberg has reported, citing energy consultancies. Oil purchases by Chinese refiners are climbing back towards 10 million barrels daily but may not hit that number until the end of the year, according… ## [Australia’s Beetaloo Shale Basin Is About to Start Pumping Gas](https://oilprice.com/Latest-Energy-News/World-News/Australias-Beetaloo-Shale-Basin-Is-About-to-Start-Pumping-Gas.html) _2026-08-21 · Irina Slav · Oilprice.com_ First gas from Australia’s Beetaloo shale basin is scheduled to start flowing next month, with initial production of 37 million cu m, Reuters has reported, noting hopes that the country could replicate the U.S. shale gas success story. The Beetaloo basin is located in the Northern Territory and is estimated to hold some 500 trillion cu ft of gas. It has been compared to the giant Marcellus shale… ## [Trade Smarter With IBKR (Sponsored)](https://crawlproof.com/a/OLXdusZK3of0) _2026-08-21 · **Sponsored**_ Join Interactive Brokers through a referral and start investing with low-cost global access. ## [Oil Prices Head for Second Straight Weekly Gain as Iran Risks Mount](https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Head-for-Second-Straight-Weekly-Gain-as-Iran-Risks-Mount.html) _2026-08-21 · Irina Slav · Oilprice.com_ Crude oil prices were on course to book a second consecutive weekly gain as the prospects of peace in the Middle East dimmed further amid U.S. threats of the “toughest sanctions in history” against Iran and continued Ukrainian drone attacks on Russian refineries. At the time of writing, Brent crude was trading at $93.50 per barrel, and West Texas Intermediate was trading at $86.43 per barrel. The… ## [Brazil’s New Oil Frontier Could Keep Its Boom Alive For Decades](https://oilprice.com/Energy/Energy-General/Brazils-New-Oil-Frontier-Could-Keep-Its-Boom-Alive-For-Decades.html) _2026-08-21 · Alex Kimani · Oilprice.com_ Brazilian President Luiz Inácio Lula da Silva has hailed a new offshore oil discovery by Petrobras (NYSE: PBR) near the mouth of the Amazon River as a "passport to the country's future", continuing his support for controversial oil and gas drilling in Amazon's ecologically sensitive regions. Last week, the state-run Oil & Gas giant announced it has found oil at the Morpho-1 well (Block FZA-M-59)… ## [Houthis Move to Gain Complete Control Over Crucial Bab el-Mandeb Oil Chokepoint](https://oilprice.com/Geopolitics/Middle-East/Houthis-Move-to-Gain-Complete-Control-Over-Crucial-Bab-el-Mandeb-Oil-Chokepoint.html) _2026-08-20 · Irina Slav · Oilprice.com_ The Yemeni Houthis are planning to seize land along the Yemeni coast in the Bab el-Mandeb Strait, tightening their control of the chokepoint. The information comes from the minister of information in the government that the Houthis are fighting in Yemen and suggests further disruption to marine traffic on one of the world’s busiest trade routes. “The Houthi militia... is working to create the… ## [Hormuz Oil Crisis Accelerates Global EV Sales](https://oilprice.com/Energy/Energy-General/Hormuz-Oil-Crisis-Accelerates-Global-EV-Sales.html) _2026-08-20 · Tsvetana Paraskova · Oilprice.com_ Global electric vehicle sales have surged this year following the oil supply disruption in the Middle East and the second oil price shock in four years. The accelerating EV adoption that began with the spike in oil and fuel prices earlier this year is set to remain a trend in the global markets and could push the share of EVs in the passenger fleet above earlier expectations, analysts at Wood… ## [Washington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel Costs](https://oilprice.com/Latest-Energy-News/World-News/Washington-Eases-Gasoline-Rules-as-Iran-Pressure-Campaign-Jolts-Fuel-Costs.html) _2026-08-20 · Julianne Geiger · Oilprice.com_ Washington is tightening the screws on Iran and loosening the rules on gasoline at the same time as Americans are paying more than $4 a gallon. The Environmental Protection Agency on Thursday authorized an early switch to cheaper winter-grade gasoline, allowing sales of gasoline blended with 10% ethanol beginning September 1 rather than waiting for the normal mid-September seasonal transition. The… ## [Brent Oil Price Tops $93 as U.S.-Iran Impasse Persists](https://oilprice.com/Latest-Energy-News/World-News/Brent-Oil-Price-Tops-93-as-US-Iran-Impasse-Persists.html) _2026-08-20 · Charles Kennedy · Oilprice.com_ Brent Crude futures prices topped $93 per barrel early in the morning in Europe on Thursday, hitting a three-week high amid fading hopes of U.S.-Iran talks as President Trump announced an “unprecedented” economic pressure campaign against Iran. In early morning trade in Europe, the international benchmark crude, Brent, rose by 1.95% to top $93 per barrel, at $93.48. The U.S. benchmark, WTI Crude,… ## [Trump Threatens “Tremendous” Consequences for Countries Helping Iran](https://oilprice.com/Latest-Energy-News/World-News/Trump-Threatens-Tremendous-Consequences-for-Countries-Helping-Iran.html) _2026-08-20 · Tsvetana Paraskova · Oilprice.com_ U.S. President Donald Trump threatened any country helping Iran in any way with “tremendous economic consequences,” as the American Administration is ratcheting up economic pressure on Iran in the hope of ending the war it began in February. Late on Wednesday, President Trump took to his social media platform Truth Social – as usual – to announce massive economic pressure on Iran and… ## [Has Iranian Crude Become Irrelevant to Global Oil Supply?](https://oilprice.com/Latest-Energy-News/World-News/Has-Iranian-Crude-Become-Irrelevant-to-Global-Oil-Supply.html) _2026-08-20 · Tsvetana Paraskova · Oilprice.com_ The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, Bob McNally, president of Rapidan Energy Group, told CNBC on Thursday. The U.S. brought back the blockade in the Gulf of Oman aimed at preventing Iran from exporting its oil after the ‘deal to make a deal’ collapsed in July… ## [Middle East Oil Crisis Sends Supertanker Prices to Record Highs](https://oilprice.com/Latest-Energy-News/World-News/Middle-East-Oil-Crisis-Sends-Supertanker-Prices-to-Record-Highs.html) _2026-08-20 · Irina Slav · Oilprice.com_ Demand for tankers from Middle Eastern oil producers has pushed prices to an all-time high, the Financial Times reported today, saying both new and second-hand very large crude carriers reached prices of over $130 million in the second quarter of the year. Citing data from shipbroking company Braemar, the FT also said the prices for chartering a supertanker for a year have also hit the highest on… ## [Elevated Oil Prices Push Japan’s Imports to an All-Time High](https://oilprice.com/Latest-Energy-News/World-News/Elevated-Oil-Prices-Push-Japans-Imports-to-an-All-Time-High.html) _2026-08-20 · Irina Slav · Oilprice.com_ Japan’s import bill reached an all-time high in July, driven by higher oil prices, to a total of $76.39 billion. This was up by 27.8% from July 2025, Reuters reported, citing import and export data. In volume terms, Japan’s crude oil imports ticked up by 5.5% from a year earlier, but in price terms, the oil bill surged by 87.8%, breaking the previous record, set in June. “The recovery in crude… ## [Chinese Refiners Snap Up Iraqi Oil as Gulf Supply Routes Fracture](https://oilprice.com/Latest-Energy-News/World-News/Chinese-Refiners-Snap-Up-Iraqi-Oil-as-Gulf-Supply-Routes-Fracture.html) _2026-08-20 · Irina Slav · Oilprice.com_ Chinese refiners are buying Iraqi crude, with recent purchases of 8 million barrels of Basrah Heavy and Basrah Medium for prompt delivery, Bloomberg has reported, citing unnamed traders. Oil has continued flowing via the Strait of Hormuz—Iraq’s main export channel—despite the Iranian blockade, but the blockade has reduced these flows to a fraction of what they once were. For the week to August 17,… ## [Coal Remains The Undisputed King Of Global Power](https://oilprice.com/Energy/Coal/Coal-Remains-The-Undisputed-King-Of-Global-Power.html) _2026-08-20 · Charles Kennedy · Oilprice.com_ The world is installing wind turbines and solar panels faster than ever, but coal still generates more electricity than any other source, and by a huge margin. The International Energy Agency (IEA) expects coal-fired power plants to generate 10,974 terawatt-hours (TWh) in 2026, nearly one-third of the 33,313 TWh of electricity produced worldwide. Natural gas is a distant second at 6,976 TWh,… ## [Hope Fades, Traders Brace for Extended Oil, LNG Squeeze](https://oilprice.com/Energy/Crude-Oil/Hope-Fades-Traders-Brace-for-Extended-Oil-LNG-Squeeze.html) _2026-08-19 · Irina Slav · Oilprice.com_ For most of the past six months, traders active on the commodity futures markets have been mostly optimistic. They have taken every statement by President Donald Trump about peace talks or victory over Iran at face value, betting on a speedy end of the war. Now, it has started to dawn on many that this is not happening. The physical squeeze is catching up with the market. Earlier this week, the… ## [Russia’s Fuel Crisis Hits Moscow as Rationing Spreads](https://oilprice.com/Energy/Energy-General/Russias-Fuel-Crisis-Hits-Moscow-as-Rationing-Spreads.html) _2026-08-19 · OilPrice.com · Oilprice.com_ Russia has been subject to many months of a ramped-up long-range drone campaign out of Ukraine, chiefly targeting oil refineries as well as industrial sites - and most recently expanding to online retail companies and attacks on private sector businesses. Tuesday saw one of the single biggest drone waves on Moscow of the war, for example, with at least 600 sent against the capital region,… ## [SLB Prepares to Restart 15 Oil Rigs in Venezuela](https://oilprice.com/Energy/Energy-General/SLB-Prepares-to-Restart-15-Oil-Rigs-in-Venezuela.html) _2026-08-19 · Charles Kennedy · Oilprice.com_ Oilfield services giant SLB is preparing to reactivate as many as 15 drilling rigs in Venezuela, potentially removing one of the biggest obstacles to increasing the country’s crude production. SLB and energy-focused private equity firm Formentera Partners are working on separate efforts to increase Venezuela’s drilling capacity, executives said at an industry conference in Houston on Wednesday.…