Crude oil
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DeItaone quoted state media as saying that Iraq's oil ministry announced that an oil tanker carrying Iraqi crude oil has passed through the Strait of Hormuz.
DeItaone quoted state media as saying that Iraq's oil ministry announced that an oil tanker carrying Iraqi crude oil has passed through the Strait of Hormuz.
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DeItaone quoted Saudi Aramco CEO Amin Nasser as saying that the war in Iran has led to a reduction of 2.6 billion barrels in global crude oil supply, and traffic through the Strait of Hormuz has dropped to 10% of pre-war levels, with over 100 million barrels of supply lost weekly. Even if immediately reopened, it would take 18 months to rebuild inventories.
Saudi Aramco CEO Amin Nasser said any major refinery outage would further tighten energy markets, which are already operating with very limited refining capacity.
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US stocks rally, Dow hits record high 53,178.41 and S&P500 nears all-time peak, while oil falls ~5% as Trump claims Iran talks underway despite Tehran's denial
On Monday, the S&P500 climbed 1.5%, leaving it just shy of its closing record of 7,620.90. The tech-focused Nasdaq Composite jumped 2.1%. Brent crude, the international benchmark for oil prices, fell
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Asian Stocks Set for Muted Open Tuesday as Investors Weigh US Equities Rebound, Middle East Uncertainty and AI Rally; Oil Holds Monday’s Losses.
Asian Stocks Set for Muted Open Tuesday as Investors Weigh US Equities Rebound, Middle East Uncertainty and AI Rally; Oil Holds Monday’s Losses.
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Venezuela's oil exports plunged in July as a pause in the Iran war cooled Indian demand, unlocking Middle Eastern barrels
Venezuela's oil exports plunged in July as a pause in the Iran war cooled Indian demand, unlocking Middle Eastern barrels
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Brazil's Oil Output Hit Record High in June Amid Iran War Fallout, Boosting Non-OPEC Supply
Brazil's oil production reached a record high in June, as rising supplies from producers outside the Middle East helped cushion disruptions from the fallout of the war in Iran.
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Analysts warn Middle East oil tanker threat is worst since Iran war began, citing Red Sea attacks and Strait of Hormuz disruptions
Analysts from ship-tracking firm Kpler and trade body Intertanko state that the threat to oil tankers in the Middle East has reached its worst point since the Iran war started, due to a surge in attac
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US Strategic Petroleum Reserve Crude Oil Stocks Fell by About 2.85 Million Barrels to 304.8 Million Barrels Last Week, Lowest Since 1983
US Strategic Petroleum Reserve Crude Oil Stocks Fell by About 2.85 Million Barrels to 304.8 Million Barrels Last Week, Lowest Since 1983
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India's Imports of Russian Crude Hit New High of 2.8 Million BPD in July, Accounting for Over Half of Total Crude Imports
According to Kpler vessel-tracking data cited by the Times of India, India's crude oil imports from Russia rose to 2.8 million barrels per day (bpd) in July, up from the previous high of 2.7 million b
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Oil prices fall to three-week low after Trump calls off planned attack
Oil prices declined sharply on Monday as investors' hopes rose for a potential de-escalation in the conflict between the U.S. and Iran.
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Oil Stocks Fall Premarket as Crude Prices Decline Over 5%; ExxonMobil Down 1.6%, Chevron Down 1.5%, ConocoPhillips Falls 2%, Occidental Petroleum Falls 2.3%, Devon Energy Down 1.9%.
Oil Stocks Fall Premarket as Crude Prices Decline Over 5%; ExxonMobil Down 1.6%, Chevron Down 1.5%, ConocoPhillips Falls 2%, Occidental Petroleum Falls 2.3%, Devon Energy Down 1.9%.
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U.S.-Iran War Fuels Short-Term Oil Market Gains, But Experts Warn Against Long-Term Holding as WTI Crude Forecasted to $60
The U.S.-Iran war has significantly boosted short-term profits for major energy companies like ExxonMobil and Chevron, with Exxon's profits doubling to $14.5 billion and Chevron's net income surging n
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OPEC+ may decide Sunday to lift oil output quotas for a sixth straight month; analysts warn exports could be problematic amid broadening Iran war
OPEC+ may decide Sunday to lift oil output quotas for a sixth straight month; analysts warn exports could be problematic amid broadening Iran war
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Tensions Escalate in the Middle East: Oil Tanker Attacked Near Oman; Iran Threatens to Close Key Shipping Lanes, Including the Strait of Hormuz
According to reports, an oil tanker was struck by an “unidentified projectile” 11 nautical miles northeast of Oman, causing damage to the engine room; another oil tanker reported an explosion in the v
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Indian Oil Corp. Buys Record Spot Crude Share in Q2 as US-Iran Conflict Hits Mideast Supply
Indian Oil Corp. (IOC) purchased a record share of its crude oil from the spot market during the April-June quarter. This shift comes as the US-Iran conflict has disrupted traditional supplies from th
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South Korea to import over 6 million barrels of UAE crude in emergency bid to curb fuel price surge
South Korea will import more than 6 million barrels of crude oil from the United Arab Emirates as part of an emergency effort to stabilize domestic fuel prices.
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China's Crude Oil Imports Fell in Q2 2026 Amid Higher Prices from Hormuz Disruptions
China, the world's largest importer of crude oil, saw its crude oil imports decline in the second quarter of 2026. This reduction was a result of higher crude oil prices, which were caused by disrupte
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Kpler: Crude exports from Middle East Gulf remain constrained despite pause in US strikes on Iran, with loading activity halved
Crude exports from the Middle East Gulf remain constrained, despite a four-day pause in US strikes on Iran, according to data analytics firm Kpler. Vessel clearances stayed near recent lows, and Gulf
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Tankers Planned for Loading at CPC Terminal Are Reportedly Diverting from the Black Sea
Tankers that were scheduled to load at the Caspian Pipeline Consortium (CPC) Terminal are reportedly heading away from the Black Sea, according to sources and shipping data.
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Oil prices rose after the U.S. launched airstrikes against Iran, and Iran threatened to retaliate.
Oil prices rose on Thursday after the United States launched a “large-scale” airstrike against Iran late Wednesday in retaliation for Iran’s earlier missile attacks on U.S. forces in the region. Iran’
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US Oil Inventories Fall to 'Precariously Low' Level Amid Iran War Supply Disruptions
US oil inventories have fallen to a "precariously low" level, attributed to supply disruptions caused by the Iran war. The Financial Times reported that this decline could undermine the ability to sup
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TotalEnergies Reports Q2 Adjusted Net Income Up 67% to $6 Billion, Driven by Iran War and Hormuz Disruption
TotalEnergies SE reported its second-quarter adjusted net income rose 67% year-over-year to $6 billion, its best quarter in nearly three years. The surge was primarily attributed to the Iran war, whic
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Wall Street Expects Fed to Hold Rates Steady Today, But Warsh's Stance and Oil Surge Could Complicate Outlook
Wall Street widely anticipates the U.S. Federal Reserve will keep interest rates unchanged today. However, Federal Reserve Chair Kevin Warsh's focus on restoring the Fed's credibility and combating in
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Lower crude oil prices reduced U.S.-Canada energy trade value in 2025
The value of energy trade between the United States and Canada fell by 11% in 2025 to an estimated $137 billion, according to data from the U.S. Census Bureau. This decline was primarily driven by low
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Oil and US 10-year Treasury yields correlation hits 7-year high of 0.96, signaling market pressure amid inflation shock
The one-month rolling correlation between front-month West Texas Intermediate crude and the 10-year Treasury yield has climbed to 0.96, the strongest positive relationship since June 2019, according t
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China's A-shares: Shenzhen Component Index rose 0.26% in early trading, with the semiconductor industry chain experiencing a surge. Hong Kong stocks: Hang Seng Tech Index rose 0.72%. Crude oil surged over 6%.
On September 15, China's A-share market rebounded after a volatile morning session, with the Shenzhen Component Index rising 0.26%, the Shanghai Composite Index falling 0.07%, and the ChiNext Index ga
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China's crude oil output grew steadily by 0.8% in August, while crude oil processing saw a narrowing decline.
China's National Bureau of Statistics reported that in August, crude oil output for industrial enterprises above designated size was 18.43 million tons, a year-on-year increase of 0.8%, maintaining th
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Oil market sends warning on gas prices as Iran conflict threatens global supplies, driving up immediate crude costs
Oil market sends warning on gas prices as Iran conflict threatens global supplies, driving up immediate crude costs
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Oil Tanker Daily Hire Rate Tops $1 Million for First Time Amid Iran War and Hormuz Strait Ship Shortage
The cost of hiring an oil tanker on the industry’s benchmark trade route reached $1.035 million a day on Monday, according to data from the Baltic Exchange in London. This marks the first time the dai
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Brent crude rises above $100 as Iran war disrupts Hormuz shipping and Houthi capture of Mayun Island raises Bab al-Mandeb concerns
Al Jazeera reports that Brent crude has risen above $100 a barrel due to the war in Iran disrupting shipping through the Strait of Hormuz. Additionally, the Houthis' capture of Mayun Island is raising
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Houthi rebels launched a large-scale attack on a Saudi airbase and oil pipelines, causing international oil prices to surge over 4%, with Brent crude trading at $109.18 per barrel.
Yemen's Houthi rebels launched dozens of ballistic missiles and drones at Saudi Arabia's King Khalid Air Base in Khamis Mushait, southwestern Saudi Arabia, on September 14, and attacked a pumping stat
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Prediction market traders expect U.S. gas prices to hit new highs for the year, with a 71% chance of surpassing $4.60/gallon
Traders on Kalshi also place 57% odds that prices will top $4.80 a gallon, and just over a 40% chance that they cross $5.00. This comes as U.S. oil prices are again above $100 per barrel, driven by es
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S&P 500 falls as Brent crude jumps over 3% to $106 on Middle East hostilities, AI stocks decline
Markets started the week defensively, with escalating Middle East hostilities and hawkish central bank expectations weighing on risk appetite. Brent crude surged over 3% towards $106, having gained ne
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Costco rations Kirkland Signature motor oil and raises price to $57.99, citing global lubricant shortage and rising crude oil prices
The retailer has limited purchases to two units per customer per week for its Kirkland Signature full-synthetic motor oil, which jumped from approximately $30 to $57.99 per 10-quart case. This move co
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U.S. Energy Secretary Wright: Expects Saudi East-West oil pipeline to be operational "soon"
U.S. Energy Secretary Chris Wright stated on Bloomberg Surveillance that the East-West oil pipeline in Saudi Arabia, which runs to the Red Sea, is expected to be operational "soon." He also discussed
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U.S. crude oil futures extended gains, hitting an intraday high of $104.95 per barrel, the highest level since mid-May.
U.S. crude oil futures extended gains, hitting an intraday high of $104.95 per barrel, the highest level since mid-May.
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QatarEnergy launches tender to sell crude for Oct-Nov loading from ports inside Strait of Hormuz, with 500,000-barrel cargoes
QatarEnergy has launched a tender to sell Al-Shaheen, Qatar Marine, and Qatar Land crude for October and November loading from Qatari ports located inside the Strait of Hormuz. The offer includes 500,
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GasBuddy Analyst: Americans have spent an additional $109.2 billion on gasoline and diesel since March, with the daily increase currently around $730 million.
According to Patrick De Haan, head of petroleum analysis at GasBuddy, U.S. consumers and truckers have spent an estimated $109.2 billion more on gasoline and diesel since March 1 compared to the same
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Asian equities were under pressure on Monday as slowing AI development and soaring oil prices rekindled inflation concerns, with SK Hynix falling over 5% and SoftBank plummeting 11%.
Asian equities broadly opened lower on Monday, impacted by AI giants' calls to slow the pace of frontier model development and renewed inflation concerns fueled by soaring oil prices. South Korea's KO
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U.S. equity index futures are down, and crude oil prices are up, as investors weigh AI warnings.
U.S. equity index futures are down, and crude oil prices are up, as investors weigh AI warnings.
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Iran-Gulf States' Planned Sept 14 Hormuz Talks Postponed, Omani FM Says
Omani Foreign Minister Badr Albusaidi announced on Sunday that a planned September 14 meeting in Oman between Iran and Gulf states, aimed at discussing possible Strait of Hormuz arrangements, has been
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Iranian MP Mohseni-Sani Declares Tehran No Longer Bound by Nuclear Treaty, Driving Brent Crude to $110
Mohammadreza Mohseni-Sani, a member of Iran's parliament's National Security and Foreign Policy Committee, stated on September 12 that Tehran no longer considers the Nuclear Non-Proliferation Treaty (
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Energy Aspects warns of oil prices heading for an "upward spiral," as Chinese regulators raise crude oil futures' daily price limits and adjust refined oil prices.
The global crude oil market is at a "turning point," with energy analysis firm Energy Aspects warning that oil prices are heading for an "upward spiral" due to accelerated global inventory drawdowns,
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US stocks rebound on Friday, S&P 500 up 0.9% and Nasdaq 1%, as Brent crude falls 2.8% to $104.61
US stocks rebounded on Friday, regaining much of their weekly losses, as Brent crude oil prices eased 2.8% to settle at US$104.61 per barrel after nearing US$110 overnight. The S&P 500 climbed 0.9%, s
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Crude oil prices climbed back above $100 a barrel this week, with US diesel surging past $6 a gallon for the first time.
Crude oil prices climbed back above $100 a barrel this week, with US diesel surging past $6 a gallon for the first time.
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Brent crude futures fell 3.58% to $103.78 per barrel on Friday, while WTI crude dropped 2.17% to $99.23 per barrel, after both recorded their first double-digit weekly gains in months, breaking above $100.
Brent and WTI crude futures ended their respective five- and eight-day winning streaks. This followed a surge in oil prices driven by geopolitical factors such as escalating conflict in the Middle Eas
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Global bond sell-off intensifies, with Germany's 10-year government bond yield breaking above 3.5% on Friday, reaching its highest level since April 2011. Oil prices remain above $100, fueling stagflation concerns.
Global bond sell-off intensifies, with Germany's 10-year government bond yield breaking above 3.5% on Friday, reaching its highest level since April 2011. Oil prices remain above $100, fueling stagfla
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Middle East Tensions Show Signs of Easing: Iran and GCC to Meet on September 14 to Discuss Strait of Hormuz Agreement, Houthis Announce Ceasefire on Red Sea West Coast
Iran's Foreign Minister and the foreign ministers of the six Gulf Cooperation Council (GCC) countries are scheduled to meet on September 14 (next Monday) in Salalah, Oman, to seek support for an inter
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