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Independent UK financial coverage with full source attribution.
CVX Q3 2026 update — filings and holdings
XOM Q2 2026 update — filings and holdings
Equinor Q2 2026 adjusted operating income rises 76% to $11.482bn
Equinor reported Q2 2026 adjusted operating income of $11.482bn, up 76% year-on-year, and adjusted operating income after tax of $3.225bn, up 93% from $1.670bn. Norway's crude output reached 1.827 million barrels per day in June, exceeding official Norwegian Offshore Directorate forecasts.
LNG exports via Strait of Hormuz halted for three days to 20 July
Tanker-tracking data confirmed LNG exports and oil tanker traffic through the Strait of Hormuz ceased or declined significantly over the three days ending 20 July 2026. A shipowner was reported offering crews up to six months of additional pay to transit the waterway.
NEE Q2 2026 update — filings and holdings
CVX Q2 2026 update — filings and holdings
XOM Q2 2026 update — filings and holdings
Ukraine strikes cut Russian refinery output to lowest since 2005
Russia's crude processing capacity fell to 3.91 million barrels per day by early July 2026, with 24 of 34 refineries affected and a 135-million-barrel crude backlog accumulating at sea; Russia imposed export bans on gasoline, jet fuel, and diesel, while domestic Russian fuel prices rose sharply.
Dangote Refinery switches fuel pricing to US dollars, ending naira sales
Dangote Petroleum Refinery abandoned naira-denominated fuel pricing on 14 July 2026, setting gasoline at $0.779/litre, diesel at $1.087/litre, and jet fuel at $0.942/litre; the Nigerian naira and DANGOTE.LG were mentioned in connection with the development.
Brent up 20.7% in six months; Russian refining output 40% below pre-war levels
Brent closed at $78.36 (+20.7% over six months) and WTI at $73.66 (+22.1%) on 12 July 2026; gold fell 14.2% to $4,086, natural gas fell 25.2% to $2.92, and sterling closed at $1.3376. Russian refining output ran more than 40% below pre-war levels amid Ukrainian drone strikes on refineries and export infrastructure.
Brent rose 20.7% over six months to $78.36 on 12 July 2026
Brent crude closed at $78.36 on 12 July 2026, up 3.1% on the day and 20.7% over six months, while WTI closed at $73.66, up 22.1% over the same period. Nigeria exported approximately 55.4 million barrels of crude in January–February 2026, with production averaging 1.46 mbpd in January and 1.31 mbpd in February.
NEE Q2 2026 update — filings and holdings
CVX Q2 2026: filings, holdings, and macro context
XOM Q2 2026: filings, holdings, and macro context
Australia-India uranium supply deal finalised after 12 years of negotiations
Australia and India finalised a uranium supply agreement on 9 July 2026 following Modi's Melbourne visit, concluding 12-plus years of negotiations. AustralianSuper's additional A$500 million India infrastructure commitment brought its total exposure there to A$3.3 billion.
Bloomberg: $1.6bn Russian energy transshipped via Indonesia's Karimun Island
At least $1.6bn in Russian diesel, fuel oil, and petroleum products was transshipped through Karimun Island, Indonesia, to Asian buyers, per Bloomberg Markets on 9 July 2026. No regulatory response from Indonesian, Western, or international bodies was reported.
Canada approves Pacific coast oil pipeline; TSX energy sector rises
Canada's federal and Alberta governments jointly approved a new Pacific coast oil pipeline on 3 July 2026, with C$150 billion in associated investments announced. The TSX rose on Friday following the announcement, with the energy sector contributing to the gain.