
Global oil inventories are falling at an accelerated rate, Goldman Sachs has warned, noting April draws from inventories had run at double the rate until the end of March. Since the start of May, global draws from inventories have been running at 8.7 million …

Oil producers across the Americas have responded to the disruption in the Gulf by increasing output and exports.
Washington remains deeply divided over the latest US sanctions waiver for Russian oil, which allows at-risk nations to buy Russian shipments already loaded at sea, as disruptions tied to the US-Israeli confrontation with Iran roil global energy markets.
The US Treasury Department has extended for another 30 days a sanctions waiver allowing at-risk countries to purchase Russian oil shipments at sea, as supply disruptions linked to the US-Israeli conflict with Iran continue to roil global energy markets.
Statkraft delivered strong results in the first quarter of 2026, driven by significantly higher Nordic power prices despite lower production. In addition, there were improved results from Markets’ activities.
Asia faces economic challenges as a West Asia conflict disrupts energy markets. This shock impacts inflation and growth across the region. India, a major energy importer, is particularly affected. Governments are implementing measures to ease the burden. Cent…