oil supply News
Latest articles and news about oil supply on AXL Media.
Latest Articles
- Chevron CEO Mike Wirth Warns Global Energy System Has Lost Vital Shock Absorbers Amid Middle East Conflict
Published: Apr 26, 2026
Section: US & Canada
Chevron Chairman and CEO Mike Wirth stated that the ongoing disruption in the Strait of Hormuz has removed critical flexibility from the global energy market. Speaking on "Face the...
- Kenya Fuel Supply Remains Stable as EPRA Dismisses Shortage Fears Amid Middle East Conflict
Published: Apr 11, 2026
Section: Africa
The Energy and Petroleum Regulatory Authority has reassured the public that national fuel reserves are sufficient despite global disruptions in the Middle East. Following inspectio...
- Prime Minister Sanae Takaichi Assures Japan of Stable Oil Supply Through 2026 Amid Regional Conflict
Published: Apr 8, 2026
Section: Asia
Prime Minister Sanae Takaichi announced that Japan has successfully secured alternative energy supplies to maintain national stability into 2027 despite the de facto closure of the...
- Columnist Clyde Russell Warns Global Energy Crisis Is 'Locked In' Despite Potential Ceasefire Overtures
Published: Apr 7, 2026
Section: Global Economy
Energy columnist Clyde Russell argues that the world is delusional regarding the scale of the current Iran-related energy crisis, which has removed over 10% of global daily supply....
- IMF Chief Kristalina Georgieva Warns Global Inflation Will Rise Despite Potential Ceasefire As Middle East Conflict Disrupts Vital Supply Chains
Published: Apr 6, 2026
Section: Middle East
International Monetary Fund Managing Director Kristalina Georgieva announced that the war in the Middle East has triggered an asymmetric shock, forcing a downward revision of globa...
- South African Maritime Access Secured In Strait Of Hormuz Amid Rising Middle East Military Tensions
Published: Apr 3, 2026
Section: Africa
The Iranian Embassy has confirmed that South African vessels will be granted safe passage through the strategic Strait of Hormuz despite escalating regional hostilities. This diplo...
- Philippines Negotiates Safe Passage with Iran for Vital Oil Shipments Amid Strait of Hormuz Closure
Published: Apr 1, 2026
Section: Asia
Foreign Secretary Theresa Lazaro met with Iranian officials on Wednesday to secure "non-hostile" status for Philippine-flagged vessels, seeking to bypass the blockade of the Strait...
- Singapore and Malaysia Pledge Unified Regional Response to Mitigate Economic Shocks from Middle East Escalation
Published: Mar 26, 2026
Section: Asia
Prime Minister Lawrence Wong and Malaysian Prime Minister Anwar Ibrahim held urgent discussions regarding the destabilizing effects of the U.S.-Israeli conflict with Iran. Both lea...
- Global Oil Markets Plunge into Unprecedented Chaos as Trump Social Media Posts Clash With Iranian Denials
Published: Mar 25, 2026
Section: Markets
Brent crude prices experienced one of the largest swings in history Monday following conflicting reports regarding potential peace talks between the United States and Iran. While P...
- NATO Secretary General Mark Rutte Confirms High-Level Allied Consultations to Reopen the Strait of Hormuz Following Trump Demands
Published: Mar 18, 2026
Section: Middle East
The North Atlantic Treaty Organization has initiated formal discussions to restore international navigation through the Strait of Hormuz, a critical maritime corridor for global en...
- Bahrain’s Bapco Energies Invokes Force Majeure Following Targeted Iranian Missile Strike on Refinery Infrastructure
Published: Mar 9, 2026
Section: Middle East
Bapco Energies has declared force majeure on its refining operations after an Iranian attack damaged a critical unit at its facility. Despite the strike, the state-owned firm confi...
- Lagos Fuel Prices Surge Toward ₦1,100 Per Litre Amid Escalating Middle East Hostilities
Published: Mar 7, 2026
Section: Africa
Petrol prices in Lagos have climbed to between ₦1,020 and ₦1,080 per litre following a significant ex-depot price hike at the Dangote Refinery. The spike is driven by Brent crude r...