Oil
Every Magna Bureau story on oil: 33 articles, investigations and analysis in one place.
Last updated: October 2026
Libya's oilfield, hostage to a valve — Magna Bureau
One closed valve has cut Libya's biggest oilfield by two-thirds. In a world already short of oil, the Petroleum Facilities Guard just reminded everyone…
NewsThe $110 Question: Central Banks Hike Into a Supply Shock
Brent north of $105, the Fed raising rates for the first time in three years, and a pipeline in flames.
NewsThe Customer Is Now the Power — Magna Bureau
India and OPEC just held their seventh energy dialogue in New Delhi. The subtext: the world's fastest-growing oil customer is done being a price-taker.
NewsStrait of Hormuz: The Arithmetic of Closure — Magna Bureau
Twenty million barrels a day through one strait. Spare capacity, shadow fleets, and war-risk insurance. A three-perspective investigation.
NewsCourt kills the tariff machine; Trump reaches for the next…
The Supreme Court struck down the president's emergency-powers tariffs 6–3, and Trump answered within 24 hours.
NewsHouthis tighten their grip on the Red Sea's southern gate
The rebels have seized the strategic Hanish islands and Mayun island at the Bab el-Mandeb's mouth.
NewsThe battle over Hormuz is now a battle over the numbers
Reuters tallies show visible tanker traffic through the strait at single digits and freight rates at records.
NewsIran offers to reopen Hormuz in seven days — if the U.S.…
Tehran's offer at the UN: lift the naval blockade, waive oil sanctions, ceasefire — and Hormuz reopens in seven days. Trump says he said no. The full terms.
NewsThe dollar reclaims 101 as Treasury yields cross five…
The dollar index hits an eight-week high and the 10-year Treasury yield crosses 5% — unseen since 2007. Gold falls below $4,300. The Fed arithmetic, in full.
NewsTrump said no to Tehran's Hormuz offer — Magna Bureau
The American president rejected Iran's proposal to reopen the Strait of Hormuz in exchange for halting US strikes. Oil jumped 3%, Kuwait intercepted Iranian drones, and the mediator channel kept runni
NewsGulf oil exports hit a war-time high — as — Magna Bureau
Brent rose for a second straight session past $105 while Gulf crude exports hit 12.8 million barrels a day, the highest since February. The diplomats talked; the tankers found another way.
News33,800 litres: the Nigerian Navy's war — Magna Bureau
Under Operation Delta Sentinel, the Nigerian Navy recovered 33,800 litres of stolen petroleum products and shut two illegal refining sites in Rivers State. The theft economy is old; the pressure is ne
News'A miracle crop': Prabowo bets — Magna Bureau
The president called oil palm a 'miracle crop' as Indonesia locks in the world's first B50 biodiesel mandate, ends diesel imports, and moves to monopolize palm exports under the state. Fifty-seven pro
NewsCook's warning: oil and AI are the two — Magna Bureau
Fed Governor Lisa Cook told economists in Oakland that rising oil prices and AI-driven price pressure are 'material risks' to the disinflation story — weeks after the Fed's first rate cut in three yea
NewsRamsden's warning: the Bank of England — Magna Bureau
Deputy Governor Dave Ramsden said Monday the policy rate 'may need to rise' as inflation expectations jumped to 4.5% — a 15-month high. Markets now price an 85% chance of a November hike.
NewsThe gas field that straddles a border — Magna Bureau
Nicosia and Jerusalem aim to close the Aphrodite-Ishai compensation deal by end-October, while Chevron pushes engineering toward a final investment decision. A sliver of reservoir, a decade of diploma
NewsOPEC+ holds October steady; the 2027 quota — Magna Bureau
Seven producers keep October output flat ahead of the Oct 4 meeting — Saudi Arabia at 10.478 million barrels a day. But the real negotiation is the 2027 quota architecture, and whether spare capacity
NewsIsrael's gas fields post their — Magna Bureau
Gross sales from Leviathan, Tamar and Karish hit $1.46 billion in Q2, up 44% on the quarter. The Eastern Mediterranean's gas machine is now a fiscal pillar — and a diplomatic one.
NewsFifteen million barrels and counting — Magna Bureau
Treasury Secretary Bessent says Tehran's last sanctioned crude deliveries will reach China within two weeks. Operation Economic Outcast has run since July 14 — and this is what the end of an oil empir
NewsThe Fed's October decision hangs on two — Magna Bureau
Citi says Friday's jobs report and Wednesday's PCE won't decide the October 28–29 meeting; September's core CPI on Oct 14 will. Markets price a 64% chance of a second straight hike — if Washington let
NewsTrump calls the Iran sanctions-relief story — Magna Bureau
Brent punched through $107, the 10-year Treasury hit its highest since 2007, and October Fed-hike odds jumped past 70% — while Washington and Tehran…
NewsDiesel tops £2 a litre in Britain — and Trump is weighing…
UK diesel has broken £2 a litre — the national index reads 200.3p, the RAC calls a record, and Trump is weighing a 90-day suspension of US diesel exports to…
NewsTrump expects Iran talks this week — after killing the…
Donald Trump told Axios he expects talks with Tehran this week — days after rejecting Iran's plan to reopen the Strait of Hormuz. His logic is patience as…
NewsThe channel is still open: mediators shuttle — Magna Bureau
Qatari mediators held separate talks with both sides on Monday; Iran's foreign minister expects Washington's answer by Tuesday night — while Middle East…
NewsIran's oil ultimatum: if Tehran can't sell — Magna Bureau
Parliament speaker Mohammad Bagher Ghalibaf drew the line on Tuesday — as a ship took fire in the Strait of Hormuz, Qatar called the war's toll…
NewsThe answer was no: Trump rejects Iran's… — Magna Bureau
Brent fell roughly 2.5% to $102.59 on Tuesday as Saudi Arabia's East-West pipeline returned to half flow and Trump rejected Tehran's seven-day ceasefire proposal — while Washington moved to loan 40 million barrels from a
NewsTrump: "I offered Iran NOTHING"… — Magna Bureau
The president torpedoed an Axios report that he would trade sanctions relief for nuclear concessions. Brent is up 14% this month — and Qatar's shuttle diplomacy just got harder.
NewsTehran is reading Washington's… — Magna Bureau
Iran said Wednesday it had received the US reply to its seven-day Hormuz plan; Foreign Minister Araghchi laid it before President Pezeshkian at a cabinet meeting. The same day, the rial crossed 2.5 million to the dollar
NewsOPEC+ Holds Its Breath — and Riyadh… — Magna Bureau
Producers are expected to freeze November quotas at Sunday's meeting while Saudi Arabia pumps 3.5 million barrels a day through its desert pipeline, bypassing a shuttered Strait of Hormuz.
NewsThree Carriers, 60,000 Troops, and the… — Magna Bureau
The USS Theodore Roosevelt is steaming toward the Middle East with 9,000 to 10,000 more troops, joining two carriers already in the region — as Donald Trump weighs resuming strikes on Iran after the m
NewsThe Bridge-and-Refinery War: Kyiv and… — Magna Bureau
Russia has hit Kyiv's Southern Bridge two days running; Ukraine has answered at a Volgograd refinery. The trenches are quiet. The infrastructure is the front.
NewsChina Turns Off the Fuel Taps for October — Magna Bureau
On Beijing's orders, Chinese refiners have suspended all October fuel exports beyond Hong Kong and Macau. PetroChina is canceling cargoes, Asia's diesel squeeze is deepening, and the world is learning
NewsUkraine urges tighter sanctions as Russian… — Magna Bureau
Shahed drones hit the Southern and Paton bridges, stranding a capital of three million — while Zelenskyy says every Russian missile is built on smuggled Western components.