26 Aug Latest Oil prices, news and commentary, OPEC basket US$90.28/bbl
(Oilandgaspress) 26/08/26, Iran and Oman have reportedly reached an agreement on their share of the Strait of Hormuz and its revenues, but the vital waterway will not be reopened if the U.S. does not accept their conditions, Iran’s Revolutionary Guards said on Wednesday.
“The Strait of Hormuz belongs to Iran and the country of Oman… We have been in negotiations with Oman for about a month, and we have reached results that are acceptable to both sides,” Islamic Revolutionary Guard Corps spokesman Hossein Mohebbi said in comments published by Iranian state media.
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $81.97 | Down |
| Crude Oil (Brent) | US$/bbl | $87.90 | Down |
| Bonny Light 14/08/26 CBN | US$/bbl | $98.16 | — |
| Dubai | US$/bbl | $89.14 | Down |
| Natural Gas | US$/MMBtu | $2.86 | Up |
| Murban | US$/bbl | $91.68 | Down |
| OPEC basket 25/08/26 OPEC | US$/bbl | $90.28 | Down |
| At press time August 26, 2026 |
China has vowed to “safeguard” its interests and condemned US economic sanctions against Tehran on Tuesday.
Beijing, which is Iran’s largest trading partner, said that the move would only serve to “further intensify tensions” and create “spillover risks”, according to foreign ministry spokesperson Lin Jian.
“China’s cooperation with Iran has always been conducted within the framework of international law and should not be disrupted or undermined.”
It added that the country is “closely following relevant developments and will take all necessary measures to firmly safeguard its own rights and interests.”
Iranian finance minister Ali Madanizadeh claimed Tehran was “fully prepared for the US sanctions”. “Our defence is no longer so defensive; the enemies should wait for an attack,” he told state media.
This year’s winner of the Norwegian Offshore Directorate’s “Improved Recovery Award” has worked systematically to revitalise the Draugen and Brage fields. This has resulted in increased reserves and resources, higher production and extended lifetimes.
Okea took over operatorship on Draugen in 2018 and on Brage in 2022. Since the operator swap, the company has worked hard to revitalise the fields, which has resulted in increased reserves and resources, higher production and extended lifetimes.
The Norwegian Offshore Directorate’s “Improved Recovery Award” is a prize for creativity, endurance and appetite for risk illustrated by utilising methods and technology that can improve oil and gas recovery on the Norwegian continental shelf (NCS) beyond what can be expected with existing plans and methods.
Vestas is proud to announce the following order as part of our Q3 order intake:
| Country | Region | Customer | Project name | MW | Turbine variant | Service agreement | Delivery & commissioning |
| Germany | EMEA | JUWI GmbH | Mehring II | 43 | 7 x V162-6.2 MW | 20-year AOM 4000 Service Agreement | Delivery planned to begin in Q4 2027; commissioning scheduled to begin in Q2 2028 |
| Germany | EMEA | JUWI GmbH | Breuberg | 43 | 7 x V162-6.2 MW | 20-year AOM 4000 Service Agreement | Delivery planned to begin in Q1 2028; commissioning scheduled to begin in Q3 2028 |
DBMatic, part of De Boer Marine, and Weforsea Shipping have joined forces to launch MariControl, a new maritime data technology company built on years of cooperation between the two businesses. DBMatic brings experience in onboard hardware and data infrastructure, while Weforsea Shipping adds software and maritime digitalisation expertise. The idea grew out of the two companies increasingly working on different parts of the same vessel data chain. By integrating data collection, onboard hardware, connectivity, software and AI-driven analysis, MariControl aims to give shipowners and operators one environment in which vessel data can be collected, interpreted and used.
DBMatic and Weforsea technology is already installed on more than 250 vessels. One example is the modern fishing trawler UK225 Auke Senior, where DBMatic hardware and sensors are integrated with Weforsea software to provide voyage optimisation, energy-efficiency insights, market data and weather information through a single dashboard.
MariControl will serve the shipping and fishing industries as operators face growing pressure to reduce fuel consumption and emissions, simplify reporting requirements and turn growing volumes of onboard data into useful operational insight. Rather than adding another standalone system, MariControl will connect onboard sensors, equipment and communications infrastructure with software, dashboards and AI-driven analytics. The goal is to make vessel data more useful in day-to-day decisions on board and ashore.
Applications will include vessel performance monitoring, predictive maintenance, weather routing, fuel and emissions optimisation, digital reporting and compliance, as well as AI-supported tools for the fishing industry. The platform can, for example, help determine which route offers the best balance between fuel consumption, weather and voyage time.
MariControl Managing Director Louwe Post said: “The future of the maritime industry does not lie in standalone systems, but in one intelligent ecosystem where data, hardware and AI work seamlessly together. MariControl brings those elements together in one platform.”
During the period from 17 to 21 August 2026, Eni acquired on the Euronext Milan no. 3,108,616 shares (equal to 0.10% of the share capital), at a weighted average price per share equal to 24.1265 euro, for a total consideration of 74,999,932.00 euro, within the second tranche of the treasury shares program approved by the Shareholders’ Meeting on 6 May 2026, for the purpose of paying to the Shareholders an additional remuneration compared to the distribution of dividends, resolved by the same Shareholders’ Meeting.
3t Hosts Scotland’s Energy Minister at Aberdeen Training Centre
3t, a leading specialist training provider for the energy sector, hosted Stephen Gethins MSP, Minister for Europe, External Affairs and Energy, at its training facility in Aberdeen, Scotland for an industry roundtable discussion.
The visit brought together representatives from across the UK energy industry to discuss key challenges and opportunities for the sector. During the conversation, the industry figures discussed the future of the North Sea, the need for a skilled and adaptable all-energy workforce, and the critical role that training and skills development will play in supporting the energy transition.
Ukraine struck Russia’s NORSI oil refinery in Kstovo, Nizhny Novgorod Oblast, overnight on Aug. 26, Ukraine’s General Staff confirmed.
The Lukoil refinery is one of the most important oil processing and gasoline production facilities in Russia.
The General Staff said the refinery was hit, causing a fire on the premises. The extent of the damage is currently being assessed, it added.
Odfjell SE: Shares trade ex-dividend USD 0.52 today, August 26, 2026
With reference to the Odfjell SE 2Q26 report of August 20, 2026 and our announcement about dividend information on August 21, 2026. The shares in Odfjell SE will trade ex-dividend of USD 0.52/ NOK 4.87 per share as from today August 26, 2026.
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