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Iran to arrange ship passage through the Strait of Hormuz, with no charge for 60 days.
The U.S. plans to fast-track grid connections for AI data centers, boosting power infrastructure buildout.
At least four Saudi oil supertankers that had been idling in the Indian Ocean for weeks have set sail toward the Gulf of Oman, the latest indication that producers are starting to gear up for a resumption of flows through the Strait of Hormuz.
Indonesia is on track to launch its B50 biodiesel programme on July 1, a minister says.
Kuwait is ramping up oil production and is set to exceed 2 million barrels per day within a week.
Kuwait Petroleum Corporation announces it will lift all force majeures with immediate effect.
Western Europe is experiencing a heat wave that threatens to drive record cooling demand, just as warming rivers force French nuclear reactors to curb output.
Some oil and gas vessels have begun crossing the Strait of Hormuz, including ships owned by Saudi Arabia's state tanker giant.
Three Saudi-flagged supertankers sail through Hormuz after Iran deal signed, data shows
The reopening of the Strait of Hormuz may take weeks to ease the shipping backlog and oil pressure.
A wave of oil trapped in the Strait of Hormuz is set to be released toward Asia, potentially overwhelming a region that had recently compensated for reduced supply.
ADNOC has sold at least 30 million barrels of crude oil in a supply boost, according to sources.