Faster global financial news!
Oil
-
Ukraine's double-barreled drone strikes snarl Russian oil flows from Novorossiysk and tumble crude processing
Ukraine's double-barreled drone strikes snarl Russian oil flows from Novorossiysk and tumble crude processing
-
Iraq seeks OPEC+ oil output quota hike, targets doubling production to 8-10 million bpd in six years
Iraq has sent a delegation to Saudi Arabia, seeking an increase in its OPEC production quota and warning that it might follow the UAE's example and exit OPEC if its production cannot be increased. Ira
-
TotalEnergies CEO stated that the cost of transporting an oil cargo on a supertanker through the Strait of Hormuz is approximately $20 million.
TotalEnergies CEO stated that the cost of transporting an oil cargo on a supertanker through the Strait of Hormuz is approximately $20 million.
-
Iran's oil shipments to Asia have almost dried up ahead of US action, with freight rates soaring to multi-year highs.
Iran's oil shipments to Asia have almost dried up ahead of US action, with freight rates soaring to multi-year highs.
-
Pemex and Petrobras Partner for High-Risk Deepwater Drilling in Mexico's Gulf, Targeting Vast Jurassic Oil Resources
Mexico's state oil firm Pemex and Brazil's national oil company Petrobras are joining efforts to explore deep Jurassic formations in Campeche Bay, Gulf of Mexico. This high-risk, high-reward venture a
-
Exxon Mobil expects Tengiz, one of its largest oil fields, to peak next year and begin to decline, but the company says other projects will drive total production growth.
ExxonMobil has informed Kazakhstan that its largest Tengiz oilfield is expected to peak next year and decline by nearly 40% to about 500,000 barrels per day by 2035. However, ExxonMobil stated that th
-
Houthi Red Sea Threats Resurface, Forcing Saudi Oil Logistics to Adjust Again
Yemen's Houthi threats have made it difficult for Saudi Arabia to use an alternative route crucial for global oil supplies, forcing it to adjust its oil transportation methods once again.
-
India's reliance on Russian oil hits an all-time high, exposing New Delhi's energy security vulnerabilities amid the Middle East conflict.
India's reliance on Russian oil hits an all-time high, exposing New Delhi's energy security vulnerabilities amid the Middle East conflict.
-
US President Donald Trump accused oil giants like Shell of price gouging and called for a Department of Justice review; the article analyzes that oil prices are determined by the market and points out that Shell and others doubled their profits in the first half of the year
U.S. President Donald Trump recently accused oil companies, including Shell, ExxonMobil, and Chevron, of price gouging and called on the U.S. Department of Justice to investigate. However, some analys
-
Iraq aims to more than double oil output to 8-10M bpd in 6 years, seeks higher OPEC quota; Chevron signs MOUs to develop key fields.
Iraq recently sent a delegation to Saudi Arabia seeking a higher production quota from OPEC to support its goal. Chevron signed MOUs for the West Qurna 2 and Nassiriya oilfields; West Qurna 2, current
-
The U.S. military says it has helped 660 million barrels of oil pass through the Strait of Hormuz since May.
U.S. Central Command told CNBC this week that it also assisted approximately 1,300 merchant vessels through the strait during the same period. Despite Iranian threats and attacks, these figures indica
-
Venezuela's Oil Exports Capped by Aging Ports, Tankers Face Up to 30-Day Delays, Threatening US-Backed Expansion
Venezuela's aging oil terminals are limiting its export recovery, with tankers waiting up to 30 days to load due to equipment failures, power outages, and crude-quality problems. Despite rising produc
-
Iran's oil supply to Chinese refineries is rapidly depleting due to U.S. sanctions.
Bloomberg reported that Iranian oil available to Chinese buyers is rapidly depleting, indicating that the U.S. blockade of Iranian ports has effectively cut off Tehran's revenue.
-
Bloomberg: Venezuelan officials negotiated oil deals with U.S. oil executives in Texas this week, but the process was opaque and rules uncertain.
Bloomberg: Venezuelan officials negotiated oil deals with U.S. oil executives in Texas this week, but the process was opaque and rules uncertain.
-
Exxon Warns Kazakhstan's Top Oil Field Output to Peak Within Years, Followed by Sharp Decline
ExxonMobil Holdings Corp. has told Kazakhstan that the nation’s top oil field is already on the cusp of peak output and that its production will slump sharply in the coming decade.
-
Demand for tankers soars as Gulf oil producers seek export solutions
Oil-exporting countries are looking to secure their own fleets, which is driving up prices, particularly for readily available vessels.
-
US Energy Under Secretary Haustveit says about half of Venezuela's oil output is now being exported to the US
US Energy Under Secretary Haustveit says about half of Venezuela's oil output is now being exported to the US
-
Venezuela's oil revival accelerates as Chevron expects production to rise 50% to 420,000 bpd by end-2028, with other majors also expanding
U.S. major Chevron has increased its oil production in Venezuela from 40,000 barrels per day (bpd) to 250,000 bpd over the past few years, with output from its three joint ventures rising 12% year-on-
-
Saudi Arabia Offers Oil Off Oman Coast, Signaling Potential Increase in Strait of Hormuz Shuttling
This move suggests the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.
-
Bloomberg: Venezuelan Tycoon Alejandro Betancourt Is Helping the Donald Trump Administration Pursue “America First” Oil Deals
Venezuelan magnate Alejandro Betancourt is assisting the Donald Trump administration in advancing "America First" oil deals for favored U.S. companies, according to Bloomberg. The move is part of Wash
-
US Energy Secretary says Middle East oil flows have rebounded to 15 million bpd, but ship tracking data shows Strait of Hormuz exports are only half that number.
U.S. Energy Secretary Chris Wright stated this week that oil exports from the Middle East have rebounded to 15 million barrels per day, even exceeding the pre-war average of 20 million barrels per day
-
Turkish President Erdogan Calls for Reopening of Strait of Hormuz Amid Oil Disruption
Turkish President Recep Tayyip Erdogan stated that global oil flows must resume, adding that both Turkey and Iran support keeping oil moving through the strategic waterway.
-
The U.S. Strategic Petroleum Reserve is approaching levels that could damage its storage caverns due to rapid releases, with inventory falling below 300 million barrels for the first time in 40 years.
According to data from the U.S. Department of Energy, after releasing 172 million barrels to counter supply disruptions caused by the Iran war, the Strategic Petroleum Reserve (SPR) will fall to appro
-
Council on Foreign Relations Expert: Oil Producers, Buyers Seeking Long-Term Alternatives to Strait of Hormuz
Clara Gillispie, senior fellow for climate and energy at the Council on Foreign Relations, said oil producers and buyers are considering the Strait of Hormuz potentially being closed or operating at r
-
Chinese state-owned oil giants improve profits, gaining more "firepower" to boost energy security
Chinese state-owned oil giants improve profits, gaining more "firepower" to boost energy security
-
Houthi rebels claim responsibility for attacks on six Saudi airports and oil facilities, including the Ras Tanura and Abqaiq refineries.
The Houthi movement claimed responsibility for attacks on six airports and oil facilities in Saudi Arabia, including the Ras Tanura and Abqaiq refineries. This attack occurred earlier this week after
-
Iran's IRGC says four tankers struck naval mines in Strait of Hormuz after using "unauthorised" routes
Iran's IRGC says four tankers struck naval mines in Strait of Hormuz after using "unauthorised" routes
-
EU Energy Commissioner warns: No oil and gas shortages expected, but rising prices will make it difficult for citizens to pay bills this winter.
EU Energy Commissioner Dan Jorgensen warned that while oil and gas supply shortages are not expected, rising prices will make it difficult for many EU citizens to pay their bills this winter. Followin
-
ExxonMobil and Chevron have withdrawn from next month's Abu Dhabi oil conference due to escalating security concerns in the Middle East.
ExxonMobil and Chevron have withdrawn from next month's Abu Dhabi oil conference due to escalating security concerns in the Middle East.
-
IRGC says 3 tankers caught fire in Strait of Hormuz after hitting mines, warns shipping operators
Three tankers have caught fire while passing through the Strait of Hormuz after hitting mines over the past 24 hours, according to the Islamic Revolutionary Guard Corps (IRGC) Navy. The IRGC navy says
-
SK Innovation's Q3 operating profit surges 532.5% to $2.3 billion on strong oil, lubricants margins
SK Innovation's Q3 operating profit surges 532.5% to $2.3 billion on strong oil, lubricants margins
-
President Trump announces the arrival of the first one million barrels of oil in Texas, secured through a historic deal with Venezuela, stating it gives the US control over a massive part of the world's oil supply.
President Trump announced yesterday in Corpus Christi, Texas, the arrival of the first one million barrels of oil secured by his administration as part of a historic deal with Venezuela. This oil, arr
-
Donald Trump will announce a relaxation of regulations on methane leaks from oil companies, according to The Washington Post.
Donald Trump will announce a relaxation of regulations on methane leaks from oil companies, according to The Washington Post.
-
According to the Financial Times, Washington is discussing deals between US oil majors and Russia in Ukraine peace talks.
According to the Financial Times, Washington is discussing deals between US oil majors and Russia in Ukraine peace talks.
-
Saudi Aramco is offering spot crude oil to European buyers for this month and next to compensate for supply losses caused by the shutdown of a key export pipeline.
Saudi Aramco is offering spot crude oil to European buyers for this month and next to compensate for supply losses caused by the shutdown of a key export pipeline.
-
Trump: We're going to accept 1 million barrels of oil
Trump: We're going to accept 1 million barrels of oil
-
Donald Trump stated that he believes he will visit an oil tanker carrying Venezuelan oil in Texas, and that he thinks Rubio will accompany him.
Donald Trump stated that he believes he will visit an oil tanker carrying Venezuelan oil in Texas, and that he thinks Rubio will accompany him.
-
Russian oil exports reached a one-month high, primarily due to a strong rebound in shipments from the Baltic port of Primorsk last week, though this was not enough to boost overall four-week flows.
Russian oil exports reached a one-month high, primarily due to a strong rebound in shipments from the Baltic port of Primorsk last week, though this was not enough to boost overall four-week flows.
-
Iran’s Persian Gulf Strait Authority said it would take “legal action” against tankers belonging to Sinokor, the world’s biggest oil tanker owner that has carried millions of barrels out of the Strait of Hormuz in recent weeks.
Iran’s Persian Gulf Strait Authority said it would take “legal action” against tankers belonging to Sinokor, the world’s biggest oil tanker owner that has carried millions of barrels out of the Strait
-
OPEC+ is expected to maintain its oil output targets at Sunday's meeting, sources said.
OPEC+ is expected to maintain its oil output targets at Sunday's meeting, sources said.
-
Saudi Arabia has brought a fire under control following an attack near the Ras Tanura oil hub.
Saudi Arabia has brought a fire under control following an attack near the Ras Tanura oil hub.
-
Venezuelan opposition leader Maria Machado has returned to the country after 10 months in exile
Venezuelan opposition leader Maria Machado has returned to the country after 10 months in exile, having previously been blocked from returning multiple times by both the Venezuelan government and the
-
Oil fell for a second day as intensified diplomatic efforts eased concerns about a potential escalation of the U.S.-Iran conflict.
Oil fell for a second day as intensified diplomatic efforts eased concerns about a potential escalation of the U.S.-Iran conflict.
-
U.S. Strategic Petroleum Reserve fell to 282.6 million barrels last week, the lowest level since 1982.
U.S. Strategic Petroleum Reserve fell to 282.6 million barrels last week, the lowest level since 1982.
-
Algeria's parliament has approved the deployment of troops to neighboring Niger
Algeria's parliament has approved the deployment of troops to neighboring Niger, marking the country's first foreign military deployment in 50 years and a significant shift in its non-interventionist
-
HSBC announced that it has downgraded its overweight rating on gold while upgrading its rating on oil to a clear overweight.
HSBC announced that it has downgraded its overweight rating on gold while upgrading its rating on oil to a clear overweight.
-
Singapore and Saudi Aramco have agreed to store Saudi oil in rock caverns, aiming to secure energy supplies for Southeast Asia amid disruption from the Middle East war.
Singapore and Saudi Aramco have agreed to store Saudi oil in rock caverns, aiming to secure energy supplies for Southeast Asia amid disruption from the Middle East war.
-
Central Command (CENTCOM), lauded the U.S. role in the export of 1.5 billion barrels of oil through the Strait of Hormuz
Admiral Brad Cooper, Commander of U.S. Central Command (CENTCOM), lauded the U.S. role in the export of 1.5 billion barrels of oil through the Strait of Hormuz. Since the outbreak of the U.S.-Israeli
- No data
Oil
24H Trending
-
1
The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
4
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
5
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
6
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
-
7
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
8
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
-
9
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
10
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
