Japan to Tap Oil Stockpiles for Additional 20 Days Amid Energy Supply Crisis

• Thursday, 9th April 2026
• by Doaa Ashraf

Japan is weighing an additional release of approximately 20 days' worth of oil reserves as early as May as the vital Strait of Hormuz remains largely closed despite a fragile two-week ceasefire between the US and Iran, according to Reuters.  
Japan began releasing oil from its stockpiles on March 16 ⁠in coordination with other nations and on its own. The country is making available ​about 50 days' worth of oil consumption and has asked the International Energy Agency to ​consider a coordinated release of a second batch, as Reuters reported.

India to Receive First Iranian Oil in Seven Years After US Eases Sanctions

• Wednesday, 8th April 2026
• by Fatma Ahmed

India is poised to receive its first shipment of Iranian oil in seven years, following the temporary lifting of US sanctions on Iranian crude and refined products to ease global supply pressures, according to Reuters.

Shell Upstream Output Records 1.89 Million boe/d in Q4 2025

• Wednesday, 8th April 2026
• by Fatma Ahmed

Shell's operational results recorded an upstream production of 1.89 million barrels of oil equivalent per day (mmboe/d) in the fourth quarter (Q4) of 2025, up from  1.859 mmboe/d in the same quarter in 2024. This figure is forecast to decline in the first quarter (Q1) of 2026 to a range of 1.76-1.86 mmboe/d. The anticipated decrease is attributed to the incorporation of the Aradura joint venture (JV), a partnership between Shell and a local operator in Nigeria.

Oil Prices Drop Below $100 As Ceasefire Deal Signals Hormuz Reopening

• Wednesday, 8th April 2026
• by Fatma Ahmed

Oil prices declined sharply below $100 per barrel on April 8, after US President Donald Trump announced a provisional two-week ceasefire agreement with Iran, contingent on the immediate and secure reopening of the Strait of Hormuz.

Brent crude decreased by 14.9% to $92.95 per barrel, while US West Texas Intermediate (WTI) dropped 16.1% to $94.79 per barrel, reflecting easing supply concerns.

Iraq Eyes Rapid Oil Export Recovery Pending Hormuz Reopening

• Tuesday, 7th April 2026
• by Fatma Ahmed

Iraq could ramp up its crude oil exports to around 3.4 million barrels per day (mmbbl/d) within a week if the ongoing Iran conflict de-escalates and the Strait of Hormuz reopens, according to the head of the state-run Basra Oil Company.

Iraq Moves to Resume Oil Exports After Iran Grants Strait of Hormuz Exemptions

• Monday, 6th April 2026
• by Fatma Ahmed

Iraq is taking measures to safeguard its oil exports amid ongoing tensions in the Strait of Hormuz. The State Organization for Marketing of Oil (SOMO) has instructed customers to submit crude lifting schedules within 24 hours to ensure the timely and efficient execution of export operations. SOMO also confirmed that all export facilities, including the Basrah Oil Terminal, are fully operational and ready to handle shipments, according to Reuters.

OPEC+ Eight Agree 206,000 bpd Output Increase as Gradual Unwind of Cuts Continues

• Monday, 6th April 2026
• by Fatma Ahmed

Eight members of the OPEC+ alliance have agreed to increase oil production by 206,000 barrels per day (bbl/d) starting in May 2026, as part of a gradual plan to ease earlier supply cuts and support market stability. The decision was made during a virtual meeting held on April 5, bringing together Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman.

India Resumes Iranian Oil Imports After 5-Year Halt Amid Supply Disruptions

• Sunday, 5th April 2026
• by Fatma Ahmed

India has resumed buying oil from Iran for the first time in nearly five years, as ongoing tensions in the Middle East continue to disrupt supplies, especially through the Strait of Hormuz, Reuters reported.

Baker Hughes Receives 2026 SAP Global Partner Award for Advanced Digital Solutions

• Sunday, 5th April 2026
• by Fatma Ahmed

Baker Hughes has been awarded the 2026 SAP Global Partner Award in the Intelligent App Innovation category, recognizing its contributions to advancing digital solutions and strengthening its collaboration with SAP.

TotalEnergies, Masdar Launch $2.2 Bn Asia Renewables JV

• Sunday, 5th April 2026
• by Fatma Ahmed

TotalEnergies, the integrated multi-energy company, and Abu Dhabi Future Energy Company (Masdar), the UAE-based global renewable energy company, signed a binding agreement to establish a 50/50 joint venture (JV) with an investment allocation of $2.2 billion to combine their onshore renewable energy businesses across nine Asian markets.