Japan's Sanae Takaichi says the country has sufficient naphtha supplies to meet domestic demand through next year, despite industry concerns over supply chain instability following the closure of the Strait of Hormuz.

Chevron reports $360 million net loss in Q1 2026, announces $1.78 per share dividend.

Chevron reported a net loss of $360 million in Q1 2026, which included a legal reserve, despite exceeding adjusted EPS estimates. The company also announced a dividend of $1.78 per share.

Russia suspends Kazakh crude oil deliveries to a major refinery in eastern Germany as global oil prices rise amid the ongoing conflict involving the US, Israel, and Iran.

Russia has suspended deliveries of Kazakh crude oil to a major refinery in eastern Germany as global oil prices rise amid the ongoing conflict involving the US, Israel, and Iran.

TotalEnergies extends fuel price cap in France amid Middle East crisis.

TotalEnergies plans to extend its fuel price cap in France, a measure taken during the ongoing Middle East crisis.

Japan likely spent about $34.5 billion Thursday in its first yen-buying intervention since July 2024, according to a Bloomberg analysis.

Japan likely spent around $34.5 billion Thursday in its first currency intervention to prop up the yen since July 2024, according to a Bloomberg analysis.