Citi raised its third-quarter 2026 Bent crude oil price forecast to $86 per barrel from a previous estimate of $80 per barrel on Thursday. The bank attributed the revision to a longer-than-expected closure of the Strait of Hormuz. The bank maintained its...

  The European Commission will soon unveil its revised Arctic strategy and whether to maintain or scrap its 2021 position on new oil and gas exploration in the High North. The International Energy Agency and Norway have urged Brussels to reconsider the ban. The...

  Singapore will defer its sustainable aviation fuel levy on air cargo by one year and plans to launch a tender for levy-funded SAF by the end of 2026, with the first batch expected to be delivered and uplifted in mid-2027, the Civil Aviation Authority of...