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Asia is expected to welcome roughly the same volumes of crude oil this month as it did in July, with these still weak imports not signaling a surge in tanker crossings at the Strait of Hormuz as the…
OilPrice.com · Aug 27, 12:15 UTC
Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling oil through the chokepoint and…
OilPrice.com · Aug 27, 11:00 UTCAlberta’s Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration’s tariff salvo against Ottawa…
OilPrice.com · Aug 27, 08:30 UTCCrude oil prices extended their decline for the fourth day today on news that Qatar’s Prime Minister will visit Tehran today to discuss the possibility of reopening the Strait of Hormuz. At the time…
OilPrice.com · Aug 27, 07:30 UTC
Shortly after the US and Israeli strikes on Iran, a consensus formed: It was widely thought that, after a short war and a sharp spike, the cost of a barrel of oil would soon return to near pre-war…
Forbes · Aug 27, 05:25 UTC
Six months into the Iran war, the world's most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape.
Reuters · Aug 27, 03:06 UTC
More barrels of South Sudan's Dar Blend crude oil returned to the marine fuel blending pool in Singapore and Malaysia this month as demand from China's refining sector eased, according to market…
Reuters · Aug 27, 01:30 UTC
Hormuz talks ease some oil supply fears, but tight diesel stocks keep fuel markets constrained as WTI and Brent remain technically vulnerable.
FXEmpire · Aug 27, 01:09 UTCAlmost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported this week. The situation raises questions about long-term oil supply security and the…
OilPrice.com · Aug 27, 00:00 UTC
Oil prices fell on Thursday, extending a streak of multiple days of losses, on expectations talks between Iran and Qatar may open the key Strait of Hormuz and reduce supply disruptions from the…
Reuters · Aug 26, 21:20 UTC
Oil fell in early Asian trade amid hopes for a reopening of the Strait of Hormuz.
WSJ · Aug 26, 20:06 UTCChina’s push to squeeze more oil and gas from home is paying off just as imported energy becomes more geopolitically complicated. CNOOC posted record first-half profit and production on Wednesday…
OilPrice.com · Aug 26, 19:45 UTCBrent crude futures dropped for a third session as Iran and Oman advanced plans for a temporary maritime corridor through the Strait of Hormuz. Brent tumbled to $85 a barrel early Wednesday, down…
OilPrice.com · Aug 26, 19:00 UTC
The U.S. Interior Department is preparing to ease environmental review requirements for some oil and gas exploration activities in Alaska's National Petroleum Reserve as part of the Trump…
Reuters · Aug 26, 17:09 UTCSoaring energy prices have rekindled inflation fears in Europe since the Iran war disrupted oil and gas flows, but policy makers and bond markets appear to be more concerned about the jump in natural…
OilPrice.com · Aug 26, 14:30 UTCIndia’s state-owned Oil and Natural Gas Corporation (ONGC) plans to invest about $200 million to revive production at the San Cristobal oilfield in Venezuela, which it shares with Venezuelan state…
OilPrice.com · Aug 26, 14:30 UTCIndia’s crude oil imports from Russia have eased so far this month from July’s record high, as Ukrainian attacks on Russian export infrastructure and competition from China for Russia’s barrels have…
OilPrice.com · Aug 26, 12:30 UTC
Russia's fourth-largest oil refinery and second-largest gasoline producer NORSI suspended crude oil processing on Wednesday after a Ukrainian drone attack, three industry sources said.
Reuters · Aug 26, 11:47 UTCJapan is today set to announce an energy import diversification plan that will include stipulations about support for pipelines in the Middle East aimed at diverting export oil flows away from the…
OilPrice.com · Aug 26, 08:30 UTCThree Indian refining companies and “a global energy major” will stop using tankers included in a black list that Iran issued earlier on Sunday in response to U.S. sanctions, Reuters has reported…
OilPrice.com · Aug 26, 07:30 UTC
Chinese offshore oil and gas major CNOOC Ltd posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings.
Reuters · Aug 26, 07:03 UTCCrude oil prices dipped earlier today following news reports about Iran and Oman renewing their talks about joint management of the Strait of Hormuz, as those reports were taken to mean the waterway…
OilPrice.com · Aug 26, 06:30 UTC
Oil prices fell for a third straight day after Iran and Oman discussed establishing a temporary shipping route to temporarily reopen the Strait of Hormuz.
WSJ · Aug 26, 05:31 UTC
West Texas Intermediate and Brent crude's October contracts declined by almost 7% and 9% in five days, respectively.
Market Watch · Aug 26, 04:54 UTCAfter decades confined largely to laboratories, nuclear fusion is beginning to attract the kind of money and industrial planning normally reserved for technologies expected to make it onto the grid.…
OilPrice.com · Aug 26, 00:00 UTCU.S. refineries have been running at full speed for months to make up for lost fuel supply from the Middle East. Fuel exports from the United States have been breaking records. This may be about to…
OilPrice.com · Aug 25, 21:00 UTCThe federal government is putting another 3,388 acres of public mineral estate on the auction block for oil and gas development in Montana and the Dakotas. The Bureau of Land Management said it will…
OilPrice.com · Aug 25, 17:45 UTCU.S. sanctions pressure on Iran intensifies, but Pakistani mediation hopes push Brent back to $89. US Blockade Leaves Iran’s Oil Trade on Borrowed Time - The announcement of the Trump…
OilPrice.com · Aug 25, 15:53 UTCNorway’s energy major Equinor hopes to make a “pretty big” oil discovery offshore Namibia, the global exploration hotspot it has just entered, a senior company official said on Tuesday. Equinor hopes…
OilPrice.com · Aug 25, 12:15 UTCJapan expects its oil imports next month to be lower than this month’s but has no plans to release additional crude from storage, the country’s economy minister said. Oil imports next month are seen…
OilPrice.com · Aug 25, 08:30 UTCMore than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves…
OilPrice.com · Aug 24, 23:00 UTCYemen's Houthis on Monday targeted the Saudi oil tanker Amzan in the Red Sea off Yanbu with a ballistic missile and drones, the Iran-aligned militant group announced. Soon after initial reports…
OilPrice.com · Aug 24, 20:00 UTCNorway is producing oil and gas faster than the industry is finding new resources, increasing the risk of a steep decline after 2030, according to a new report from the Norwegian Offshore…
OilPrice.com · Aug 24, 19:00 UTCTotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline carrying Iraqi crude…
OilPrice.com · Aug 24, 18:27 UTCNorway plans to continue exploring for oil and gas in its Arctic waters in the Barents Sea regardless of whether the European Union supports or lifts a moratorium on Arctic drilling, Norway’s Energy…
OilPrice.com · Aug 24, 09:45 UTC
A slight decline in global bond yields was helped by lower oil prices, with some investors anticipating that further measures from the U.S. Treasury were possible.
WSJ · Aug 24, 04:26 UTCOil prices fell by more than 2% in early Asian trade on Monday as traders took profits and markets awaited details of a new U.S. sanctions package against Iran. At the time of writing, WTI futures…
OilPrice.com · Aug 24, 02:18 UTC
The United States Oil Fund LP (NYSE:USO) is one of the top ways for traders to bet on or against higher oil prices and it turns out investors are pouring into both sides.
Benzinga · Aug 21, 10:21 UTC