Nearly half of those killed were caught up in two major incidents: Nippon Paper Industries' paper mill, which suffered major structural damage, and Aeon's shopping mall, where a possible gas explosion occurred

Germany's Foreign Minister Johann Wadephul stated that Hamas 'must never again pose a threat to Israel,' welcoming a disarmament plan. Meanwhile, Iran's military claims to have hit two 'non-compliant oil tankers.'

Following BP's announcement to put its North Sea operations up for sale, Scottish First Minister John Swinney has urged UK Labour leader Andy Burnham to scrap the windfall tax.

Pakistan and Bangladesh are experiencing economic pressure as the US-Iran conflict widens, raising concerns that a potential oil shock could lead to increased costs for food, transport, and electricity for millions.

Ben Cohen, co-founder of Ben & Jerry's, claims his ice cream company has been silenced by corporate ownership and suggests a boycott of Magnum brands could force a sale.

Kazakhstan is reportedly in discussions to refine Russian crude oil at its facilities to meet local market demands, with a portion of the refined gasoline and diesel to be returned to Russia.

Across Europe, natural gas reserves for the upcoming winter months are lagging, leading to continued higher prices for households and businesses, exacerbated by concerns over the Iran War.

European natural gas prices are set to record their largest monthly increase since March, driven by ongoing disruptions to global energy supplies caused by the war in the Middle East.

Oil prices have eased following improved traffic flow through the Strait of Hormuz, which has tempered market concerns that arose after recent U.S.-Iran strikes.

The House of Representatives has condemned the NUPRC and NOSDRA for their inaction regarding the persistent Billy gas leak in Rivers State, which continues to affect residents' health and livelihoods.

India's second-largest money manager is expressing a bullish outlook on sectors such as banks, oil refiners, power utilities, and drugmakers. The manager believes these industries are well-positioned to benefit from demand tailwinds despite a volatile global environment and looming oil risks.

A commentary highlights that beyond the US-Iran conflict's impact on waterways, another critical oil passage faces potential closure, posing a new crisis for global energy supply.

An analysis indicates that a recent drone strike in Egypt has sparked security concerns regarding Suez oil exports, linking to the broader Iran crisis.

Surveillance video shows a mother in Georgia using a gas pump hose to fight off a man accused of attempting to snatch her children at a Marietta Shell station.

US shale pioneer Harold Hamm is reportedly looking to expand his operations in Argentina’s Vaca Muerta oil basin, known for being the world's fastest-growing shale boom.

Data from the first semester of 2026 reveals that crude oil has surpassed corn and soy to become Argentina's leading export, driven by the rapid expansion of Vaca Muerta and the growing role of energy in the nation's export economy.

During a CCS meeting, Prime Minister Modi ordered a 'whole of government' plan to protect oil supplies and Indians in West Asia. This meeting, the fourth since the start of the West Asia conflict, occurred as the Iran-US ceasefire is on the verge of collapse.

A new series of tariff exemptions granted by the Trump administration, covering items such as diamonds, oil and gas, and copper, has reignited familiar debates and questions regarding the beneficiaries and justifications for these lucrative carve-outs.

The Atasu-Alashankou pipeline, which has transported Kazakh crude to China for 20 years, is being highlighted as a crucial alternative route as export risks for Kazakhstan's oil mount.

A US-owned gas tanker caught fire at an Egyptian port following a drone attack, which the Egyptian cabinet confirmed was deliberate rather than accidental. The incident highlights rising tensions in the Middle East.

Britain is facing a shortage of a popular ale just weeks after its sale to Spanish beer giant Estrella Damm from Greene King earlier this month, raising concerns among consumers.

A tanker loading Kazakh oil at the Caspian Pipeline Consortium (CPC) marine terminal was attacked by drones on July 30, causing a fire and suspending operations, threatening a critical route for Kazakhstan's global oil supplies.

Pakistan has negotiated a deal with Iran to ensure safe passage for at least one Qatari liquefied natural gas shipment, utilizing its diplomatic ties to ease a deepening energy crisis.

A new duplex penthouse at London's redeveloped Chelsea Barracks site, owned by Qatari Diar, has been listed for sale at £48 million (approximately $64 million).

Major American oil companies, including Exxon and Chevron, are vying for prime oil fields in Venezuela. However, negotiations are not progressing as quickly as the Trump administration had hoped.

Oil prices moved higher, with Brent crude futures gaining 1.5% and U.S. West Texas Intermediate futures advancing 0.9%, following Iran's threats of retaliation to recent U.S. strikes.

Electric vehicle sales surged by 35 percent in the second quarter compared to the first three months of the year, setting new records in 50 countries. This increase is attributed to rising oil prices, partly influenced by the ongoing conflict in the Middle East.

As more buyers opt for shared homeownership to ease financial burdens, this article explores the complexities and potential conflicts that arise when co-owners disagree over decisions like renting or selling the property.

Animals at Tallinn Zoo, including chimpanzees and elephants, have been engaging in creative activities, with their drawings and paintings now on display. The best pieces are featured in an exhibition and are also available for sale.

Cyprus has made a final investment decision to develop the Kronos natural gas field in block 6 of its exclusive economic zone, aiming to exploit remaining gas reserves for domestic needs.

Japan intervened in the forex market to strengthen the yen ahead of a Bank of Japan policy decision, with reports suggesting a sale of $58.97 billion. South Korea also conducted a rare dollar-selling intervention, reportedly alongside Japan, to support its currency.

The latest oil market news for July 31 is accompanied by warnings from the finance ministry about economic risks, despite recent gains. This suggests a cautious outlook on the global economic landscape.

Experts observe that prices for used electric vehicles have risen this year, an unusual trend attributed to factors like affordability and high gas prices.

Workers have successfully extracted 60,000 liters of fuel oil from a Finnish warship that sank in 1941, with an estimated 40,000 liters still to be recovered in a planned follow-up operation next year.

Ghana's government is undertaking major reforms in its upstream petroleum sector to improve investor confidence and attract fresh oil and gas investments.

ExxonMobil and Chevron reported a surge in their second-quarter profits, attributed to the rising oil prices influenced by the ongoing Iran war.

Over 70 personal belongings of KFC founder Colonel Harland Sanders were auctioned in Kentucky, fetching thousands of dollars, while his former home and the Claudia Sanders Dinner House remain for sale.

SK Inc. has agreed to sell its controlling stake in semiconductor wafer manufacturer SK Siltron to Doosan Corp. for approximately 2.3 trillion won ($1.6 billion). The sale is part of SK's strategy to free up cash, reshape its portfolio, and invest in new growth businesses.

Motorists and consumers in Ghana are expected to pay more for petroleum products starting Friday, August 1. This increase is attributed to rising global crude oil prices and the depreciation of the Ghanaian cedi.

The Oil and Gas Free Zones Authority (OGFZA) stated that Special Economic Zones are crucial for driving Nigeria's blue economy by boosting industrialization, maritime logistics, energy exports, and sustainable economic growth.

Nigeria's NNPC is central to the nation's economic future, driving the Ajaokuta–Kaduna–Kano (AKK) gas pipeline initiative to improve energy accessibility and affordability.

Crude oil prices have turned lower as traders engage in profit-taking, though the commodity remains on track for its biggest monthly gain since March.

US GDP growth slowed in the second quarter of 2026, primarily due to a supply shock caused by tariffs and rising oil prices. This indicates economic challenges impacting the nation's output.

The yen's slide to a 40-year low is expected to provide a significant earnings boost for Japanese exporters like Toyota Motor Corp., offering relief from US tariffs, surging oil prices, and supply chain disruptions.

The Jammu and Kashmir government has finally approved funds for a gas agency for Insha Mushtaq, a pellet gun survivor who lost her eyesight eight years ago, fulfilling a rehabilitation pledge made in 2016.

A pre-forum survey in Ghana's Volta Region revealed growing concerns among voters about persistent vote buying and illicit political financing ahead of the JoyNews Democracy Is Not For Sale Forum.

The House of Representatives Committee on the South-South Development Commission has launched an investigation into a persistent gas leak in Rivers State's Bille Community, demanding immediate action as emissions continue.

Country music artist Tracy Lawrence has voiced strong criticism of California, explaining that high gas prices, reaching $10 a gallon, made touring the state unprofitable and led him to abandon acting in Los Angeles.

Energy markets experienced renewed volatility this month as investors navigated a brief pause followed by fresh hostilities between Iran and the US, with the conflict spreading beyond the Strait of Hormuz and posing risks to Kazakh oil exports.

A woman in Bengal who was injured due to an LPG cylinder leak has successfully won Rs 1 lakh in compensation from the gas company.

The Fed's preferred PCE inflation gauge has fallen for the first time since the pandemic, primarily driven by lower gas prices following a temporary truce with Iran, though concerns about ongoing inflation remain.

Paul Sankey, president of Sankey Research, has warned about increasing risks in the crude oil refining system, highlighting significant margins between crude and refined products and discussing the US strategic petroleum reserve.

An extraordinary James Bond-inspired mansion named Villa Skyfall, located in Delray Beach, Florida, has been listed for sale at a staggering $85 million, featuring nine luxurious bedrooms.

The Solewant Group is set to open a new paint manufacturing plant in Rivers State, Nigeria, aiming to boost local content participation within the country's oil and gas industry.

South Korean refiners are reportedly considering importing crude oil from Venezuela, according to an industry association.

Shell's profits have doubled as global oil and liquid natural gas prices surged, attributed to disruptions in supplies through the Strait of Hormuz following the Iran war.

Despite President Trump's predictions of collapse after cutting off oil supplies, Cuba is actively adopting solar energy to mitigate power shortages. A reporter visited the island to observe how Cubans are utilizing solar power.

Xiaomi Corp. shares dropped significantly after the company unveiled two new hybrid gas-electric vehicles priced below market expectations, raising concerns about potential pressure on profit margins.

Indian refiners are projected to increase their imports of Russian crude oil to a record 3 million barrels per day, maintaining a crucial supply cushion if Red Sea shipping remains unaffected and leveraging Saudi Arabia's East-West pipeline.

Nigerian police have arrested 14 suspected cultists in Enugu, while soldiers have apprehended six suspected oil bunkerers in Lagos. These operations highlight ongoing efforts by security forces to combat crime in the country.

Brent futures fall $1.03, or 1.2%, to $88 a barrel

Major oil companies are reporting significant profits, benefiting from market instability and increasing fuel prices, which are impacting consumers at the pump.

Yemeni sources report that Saudi Arabia may be planning a sea and land assault on Houthi forces, aiming to break their chokehold on oil shipping in the Red Sea.

ExxonMobil Holdings Corp. and Chevron Corp. are channeling their significant profits into debt reduction, signaling caution about the longevity of war-driven price rallies in the oil market.

India's Cabinet has approved an Rs 84,084 crore scheme, dubbed 'Samudra Manthan', for offshore oil and gas exploration, aiming to harness the country's vast energy resources by FY2030-31.

Major oil companies are experiencing their highest profits in years, driven by elevated commodity prices exacerbated by the ongoing conflict in Iran. This surge in profits contrasts with the broader economic drag felt by other sectors.

Seplat Energy has announced the sale of a 10% joint venture stake to the Nigerian National Petroleum Company (NNPC) for $281.6 million (₦384.38 billion).

Croatia's Plinacro and Hungary's FGSZ have agreed to significantly increase the capacity of their natural gas interconnector, aiming to double its current throughput.

JERA, a major energy company, has announced that its liquefied natural gas (LNG) stocks are secured through October and anticipates no supply risks for the summer period.

A drone strike on two gas tankers in Egyptian waters has renewed energy security concerns regarding the nearby Suez Canal and a related pipeline, which serves as a vital export route for Saudi Arabian oil since the beginning of the Iran war.

The Indian Transport Ministry stated in Lok Sabha that tests by ARAI, SIAM, Indian Oil Corporation Ltd, and automobile manufacturers found no engine durability failures due to E20 fuel, thus backing its use.

Governor Dauda Lawal announced plans to create thousands of jobs for Zamfara residents by reviving textile industries, cotton ginneries, and oil mills across the state.

Pakistan is moving towards a phased deregulation of its oil sector, with a committee agreeing to relinquish price control. This move is believed to benefit consumers in the long run.

The Nordstrom Anniversary Sale is featuring two dozen discounted premium beauty products, including popular items from brands like Le Labo and La Mer, across makeup, skincare, haircare, and fragrance.

Despite President Trump's push to lift sanctions and sell F-35 jets to Turkey, a State Department letter to Congress confirms that Ankara has not met the necessary legal conditions for the sale.

Real Madrid has generated €440 million from the sale of its academy players over the past six years, highlighting La Fabrica's significant financial contribution to the club.

The Nigerian Senate has scheduled a 23-day probe into the country's oil sector audit, summoning the NNPCL, CBN, and other organizations to provide relevant information and be represented by their chief accounting officers.

Ghana's Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, assured that the government has no intention of selling the Volta Aluminium Company (VALCO) but is instead seeking a strategic investor to revive the state-owned producer.

India has confirmed that 16 of its nationals have been killed in the Middle East since the Iran war commenced, with an additional twelve dying in an unrelated accident at a gas facility.

Oil prices remain highly volatile, with tensions flaring in the Gulf suggesting that triple-digit prices could return rapidly.

MTN Ghana, a leading telecommunications operator, has set an ambitious target to achieve net-zero greenhouse gas emissions by 2040. The company plans to transition to electric vehicles and implement greener operations as part of its commitment to climate action.

Albanians are expressing opposition to potential real estate deals in the region involving Ivanka Trump and Jared Kushner, particularly concerning the sale of islands.

Tonye Cole revealed how the Sahara Group adopted a foreign identity and a fictitious British figure to overcome 'colonial mentality' and ageism in Nigeria's oil industry.

Oil firms and regulators in Nigeria are opposing a proposed 3% South-South development levy, warning that its implementation could deter investment and negatively impact the country’s petroleum industry.

Satellite imagery has revealed two significant oil spills off the coast of Makhachkala, covering an an area exceeding 600,000 square meters.

The Nigerian Navy has successfully dismantled an illegal fuel storage facility located in Rivers State, recovering 13,000 liters of suspected illegally refined Automotive Gas Oil (AGO) during the operation.

The Netherlands is reportedly lagging behind other European nations in filling its gas reserves for the upcoming winter, with the ongoing Middle East conflict adding further pressure.

A large anchorage area off the coast of Malaysia is reportedly serving as a major marketplace for sanctioned Iranian oil, allowing sales to continue despite international blockades.

Hong Kong taxi and light bus drivers are calling for an extension of the two-month liquefied petroleum gas (LPG) subsidy scheme, warning that operating costs could increase by up to 33 percent if the policy expires amidst global uncertainties.

Ukraine says it hit one of Russia's largest oil refineries, ramping up pressure on Moscow