Saudi Airstrike Kills Eight Yemeni Fishermen

Italian Energy Giant Eni Caps Fuel Prices As Refining Crunch Drives Costs Higher Authored by Charles Kennedy via OilPrice.com, Italian energy major Eni will cap fuel prices at its Enilive service stations beginning September 28 as tighter refined-product supplies and reduced European refining capacity continue to put upward pressure on pump prices. The company said diesel sold through Enilive will be capped at €2.19 per liter, while petrol will be limited to €1.99 per liter. Eni said the caps are roughly €0.17 per liter below current average price levels. The measure will initially...

Delta Air Lines Erases All 'Epic Fury' Losses As In-House Refinery Cushions Fuel Shock Delta Air Lines soared in premarket trading on a combination of the U.S.-Iran ceasefire and stronger-than-expected first-quarter results, with the carrier's in-house refinery helping to lower the average jet fuel price for its fleet in the first quarter, making it appear to be one of the better-positioned carriers than most peers to withstand an energy shock. Even without a ceasefire in the Middle East, Delta's first-quarter results only exemplified its strategic advantage over peers: its Trainer refinery...

Norway's Oil Export Earnings Surge 68% Amid Iran War Authored by Alex Komani via OilPrice.com, Norway's crude oil export earnings surged 67.9% year-on-year in March to a record 57.4 billion kroner ($6.1 billion), primarily driven by soaring global energy prices following the outbreak of the Iran war and the subsequent closure of the Strait of Hormuz. Oil prices averaged 1,014 kroner ($107.52) per barrel in March, the highest monthly average since September 2023. As Europe’s largest producer of oil and natural gas, the Scandinavian country exported 56.6 million barrels of crude oil in March, good...