Washington was alarmed Kyiv's drone campaign against tankers serving the Russian port of Novorossiysk was destabilising oil markets and harming US energy majors.

Ukraine halted Black Sea tanker strikes after Vance's July 31 call with Zelenskyy, FT reports

EurOil - Europe Oil & Gas
FSUOGM - Former Soviet Union Oil & Gas
By Ben Aris in Berlin 12 August 2026
Ukraine halted tanker strikes near Russia's Novorossiysk port after a July 31 Vance-Zelenskyy call, the Financial Times reported, as Washington moved to shield Chevron and Exxon's Kazakh oil interests.
Frontier offshore exploration is a game of patient capital and high risk tolerance. Peru's pitch leaned on the size of the prize. Chevron's exit suggests that, for a company now flush with faster-paying options elsewhere, the prize alone was never going to be enough.

Chevron's Peru exit puts offshore oil ambitions to the test

LatAmOil - Latin America Oil & Gas
By Alek Buttermann in Berlin 12 August 2026
Eleven months. One letter to Perúpetro. Zero wells drilled. Chevron's Peru bet folded before it ever got its boots wet.

South Korea petrochemicals face renewed margin squeeze

AsianOil - Asia Oil & Gas
By IntelliNews - New Taipei Office 12 August 2026
South Korea’s major petrochemical companies returned to profit in the second quarter, but the recovery is expected to prove short-lived as margins deteriorate and global oversupply intensifies.
Long lines have become the norm at gas stations across Mongolia amid the fuel shortage crisis.

Mongolia rations gasoline as fuel shortages send drivers into long lines

AsianOil - Asia Oil & Gas
FSUOGM - Former Soviet Union Oil & Gas
By Michael Kohn 11 August 2026
Import disruptions from war-hit Russia leave ministers scrambling to arrange supplies from China, Korea and Kazakhstan.
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