Oil
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Middle East Geopolitical Risks Escalate: Houthi militants attack Saudi oil facilities, commercial vessel explosion occurs in the Strait of Hormuz.
Houthi forces reportedly launched a large-scale ballistic missile and drone attack on oil facilities in the Saudi port of Al-Mu'ajiz on the Red Sea coast. Satellite images show multiple large oil stor
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Analysts say India unlikely to stop buying Russian oil despite new US law threatening up to 100% tariffs
New Delhi faces global supply constraints and could negotiate for waivers even with the Sanctioning Russia and Iran Act, according to analysts and officials.
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Iran claims successful Hormuz attacks, US reports 8 Marines injured; oil flows increase despite tensions
Iran is claiming success in attacking ships near the Strait of Hormuz, stating that these strikes have forced US warships to move further from the Iranian coast. This comes as US media reported on Sun
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Kazakhstan's oil producers are exploring new Caspian Sea transport routes to bypass Russia.
The move aims to circumvent risks posed by Ukrainian drone attacks on Black Sea terminals and oil tankers this year, with feasibility studies currently underway for either an underwater pipeline or an
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Tremors From AI to Oil Boost Popular Hedge Fund Dispersion Trade
Wild gyrations in individual stocks on a punchy cocktail of AI euphoria and fear, a tumbling bond market and geopolitical drama bode well for a long-favored trade among hedge fund managers.
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Iran seeks to shift oil exports and imports to Caspian Sea and land borders amid US blockade, facing challenges from declining water levels and border congestion
Due to a US naval blockade and airstrikes on its southern ports, Iran is exploring alternatives for oil exports and essential goods imports via the Caspian Sea and its land borders. However, these rou
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Al Jazeera: Iran war squeezes Iraq's economy, with $60 billion lost in oil revenue and the dinar falling to 1,600 against the dollar.
Iraqi Prime Minister Ali Zaidi stated earlier this week that Iraq has lost approximately $60 billion in oil revenue since the US-Israel war against Iran began in late February, as 90% of its oil expor
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Saudi Aramco CEO says any operational interruption can be fixed within days, exploring alternative oil export routes amid Iran war threats
Saudi Aramco President and CEO Amin Nasser stated that the state oil giant can restore disrupted operations within days. The company is also exploring new routes for oil exports, as it faces increasin
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Trump is considering restricting US diesel exports as prices hit a record $6.53 per gallon, with oil companies warning this could cut refinery production and raise gasoline prices.
Trump is considering restricting US diesel exports as prices hit a record $6.53 per gallon, with oil companies warning this could cut refinery production and raise gasoline prices. S&P Global estimate
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Vance says Iranian oil is still flowing
Vance says Iranian oil is still flowing
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U.S. Strategic Petroleum Reserve fell to 284.6 million barrels last week, a new low since 1982.
U.S. Strategic Petroleum Reserve (SPR) inventories fell to 284.6 million barrels last week, the lowest level since 1982.
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Satellite Snapshot Shows Increase in Saudis’ Gulf Oil Flows After Pipeline Shutdown
Satellite Snapshot Shows Increase in Saudis’ Gulf Oil Flows After Pipeline Shutdown
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Iran’s GDP shrank 10.1% in Q1 (March 21-June 20) amid US-Israel war, with oil and gas sector contracting 26.4%
Official data from the Statistical Center of Iran shows the country's gross domestic product (GDP) contracted by 10.1% year-on-year during the first quarter of the Persian calendar (March 21 to June 2
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The Strait of Hormuz blockade enters its seventh month, with Middle East oil export freight rates soaring to a record high of over $30 per barrel.
Middle Eastern oil producers are maintaining oil exports through a high-cost ship-to-ship (STS) transfer system, with benchmark freight rates for very large crude carriers (VLCCs) transporting Persian
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US Commander Says Strait of Hormuz Oil Shipments Hit Six-Month High, Citing Effective US Navy Escorts and Mine Clearance
Oil and liquefied natural gas shipments through the Strait of Hormuz reached a six-month high in the past two weeks, a U.S. regional commander said, indicating that U.S. Navy protection and mine clear
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World faces supertanker shortage, threatening long-haul oil flows as costs soar
The rising cost of global oil transportation is rendering some long-distance crude trades uneconomical, potentially disrupting flows at a time when fuel markets are exceptionally tight.
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Venezuela's government is sidelining a senior American oil executive from Chevron.
The veteran oil executive, previously responsible for Chevron's strategy in Venezuela amidst years of political turmoil, is currently being sidelined by the Venezuelan government.
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Argentina to file new legal complaints against oil firms near Falkland Islands, prepares tougher sanctions; Trump reconsiders US support for UK sovereignty
Argentina's government announced it will file new legal complaints against companies exploring for oil near the Falkland Islands (Malvinas), intensifying its campaign against businesses operating in t
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Venezuela's Oil Market Opening Is a "Smokescreen," Says Energy Figure Pickering
Energy investment banker Dan Pickering said a recent high-profile deal allowing foreign drillers to tap Venezuela's vast oil reserves failed to alleviate persistent market concerns about contract sanc
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IEA Slashes 2026 Global Oil Demand Forecast to 2.5M BPD Decline, Second-Worst in 60 Years, Citing Iran War
The International Energy Agency (IEA) in its September report revised its outlook by more than 3 million barrels per day in eight months. The agency now projects worldwide consumption will fall by 2.5
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Libya's National Oil Corporation (NOC) says output halted at Hamada and Al-Tahara fields due to pipeline closure.
Libya's National Oil Corporation (NOC) says output halted at Hamada and Al-Tahara fields due to pipeline closure.
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Schork Group analyst Stephen Schork said Iran is pressuring Saudi Arabia's oil supply from two fronts, east and west.
Stephen Schork, principal and editor at the Schork Group, explained that Iran is tightening its control over oil flows in the Middle East. He predicted that the U.S. Strategic Petroleum Reserve (SPR)
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Poland lost $230mn in a failed attempt to buy Venezuelan oil with crypto
The Financial Times reported that Poland's attempt to use digital currencies for an oil trade became one of its biggest scandals, resulting in a loss of $230 million.
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Al Jazeera analysis: Houthis' war economy generates billions, with illicit oil sales exceeding $2 billion annually
According to a July report by the Mokha Center for Strategic Studies, the Houthis' parallel economic system generates approximately $2.5 billion annually through taxes, customs, religious alms, and ot
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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
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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
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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
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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
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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.
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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
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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
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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
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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.
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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.
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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.
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Trump: We're going to accept 1 million barrels of oil
Trump: We're going to accept 1 million barrels of oil
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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.
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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.
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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
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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.
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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.
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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
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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.
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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.
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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
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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.
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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.
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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
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Oil
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