Saudi Arabia considers expanding oil pipeline to Red Sea, sources say — a move that could reshape Gulf crude export routes and bypass Strait of Hormuz chokepoint. Arabia

EIA cuts 2026 WTI forecast to $76.26/bbl from $88.32; Brent lowered to $81.91 vs prior $95.39. 2027 WTI projected at $60.76, Brent at $64.76, both sharply below previous estimates.

EIA lowers 2026 WTI price forecast to $76.26/bbl from prior $88.32/bbl and 2027 to $60.76/bbl from $74.39/bbl. 2026 Brent forecast cut to $81.91/bbl from $95.39/bbl; 2027 Brent seen at $64.76/bbl vs prior $79.39/bbl.

US energy blockade hampers Cuba's power restoration nearly 24 hours after nationwide blackout left the island without electricity

A US energy blockade is hampering Cuba's efforts to restore electricity nearly 24 hours after a nationwide blackout struck the communist-run island.

Renaissance Africa Energy reports "significant" oil discovery in a Nigerian block formerly held by a Shell unit, as crude rally gains accelerate local development plans.

Renaissance Africa Energy announced a "significant" oil discovery in a Nigerian block previously held by a Shell unit, highlighting growing local company capabilities, with gains from the Iran-war crude rally accelerating plans.

BP boosted jet fuel output at European refineries by ~30% during the Iran conflict, helping the region avoid shortages while millions of barrels were locked in the Persian Gulf

BP boosted jet fuel production at its European refineries by about 30% during the Iran conflict, helping the region avoid major shortages while millions of barrels were locked up in the Persian Gulf.