Oil
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Vessel attacks in the Strait of Hormuz reached at least 28 in October, marking a new monthly high since the current conflict began.
According to data compiled by the Washington Institute for Near East Policy, cited by Reuters, commercial shipping attacks in the Strait of Hormuz in October were the most severe since the current con
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CFTC Chairman Behnam states that the agency is "very focused" on oil trading regulation during the Iran conflict.
CFTC Chairman Behnam states that the agency is "very focused" on oil trading regulation during the Iran conflict.
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Donald Trump stated that oil flow through the Strait of Hormuz is currently greater than before the war, and praised the U.S. Navy for doing a "great job" in ensuring its passage.
Donald Trump stated that oil flow through the Strait of Hormuz is currently greater than before the war, and praised the U.S. Navy for doing a "great job" in ensuring its passage.
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SLB stated that despite disruptions from the Iran war, its Middle East oilfield operations have gradually recovered and are expected to grow.
SLB stated that despite disruptions from the Iran war, its Middle East oilfield operations have gradually recovered and are expected to grow.
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U.S. Treasury Secretary Scott Bessent stated that Iran's oil lifeline has been "destroyed," with its shadow tanker fleet depleted and major oil terminals empty.
U.S. Treasury Secretary Scott Bessent stated that economic actions against Iran have "destroyed every layer of Iran's oil lifeline." He posted on X that Iran's "shadow tanker fleet has been depleted,
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Middle East tensions push oil prices to five-month highs; tech stock sell-off shows signs of easing on Friday
Oil prices climbed to a five-month high on Friday, fueled by escalating tensions in the Middle East. A tech stock sell-off also showed signs of easing at the end of a volatile week.
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NABEP, the U.S. government's oil partner in Venezuela, is deploying a sixth drilling rig to boost the country's oil production, according to sources familiar with the matter.
NABEP, the U.S. government's oil partner in Venezuela, is deploying a sixth drilling rig to boost the country's oil production, according to sources familiar with the matter.
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Saudi Aramco CEO Amin Nasser stated that the East-West Pipeline, which bypasses the Strait of Hormuz, has increased its throughput from 2 million barrels per day to 7 million barrels per day, more than tripling its capacity.
Saudi Aramco CEO Amin Nasser stated that the East-West Pipeline, which bypasses the Strait of Hormuz, has increased its throughput from 2 million barrels per day to 7 million barrels per day, more tha
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White House: U.S. President Donald Trump authorized the expansion of domestic oil production, refining, and logistics capabilities under the Defense Production Act.
The White House announced that U.S. President Donald Trump has made a presidential determination under Section 303 of the Defense Production Act, authorizing actions to expand domestic oil production,
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CNBC Analysis: Iran's growing desperation due to dwindling oil revenues could make it more dangerous in the Middle East.
CNBC analysis suggests that as oil revenues dry up, Iran is becoming increasingly desperate, which could make it more dangerous in the Middle East. Currently, oil shipments through the Strait of Hormu
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US Treasury Secretary Bessent: US economic pressure is cutting off Iran's oil lifeline, Kharg Island terminal now has no crude tankers
US Treasury Secretary Scott Bessent stated that Iran's main oil-loading terminal on Kharg Island, once filled with tankers, now has "no crude tankers in sight." Bessent added that "Operation Economic
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EIA: US refinery utilization rate to exceed 95% in 2026, a new high for the period since 1998
The U.S. Energy Information Administration (EIA) reported that U.S. refinery utilization was higher than normal in 2026, with an average capacity utilization exceeding 95% from May to September, the h
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Gold falls 1.3% to $4,083 as rising oil prices complicate Fed rate outlook
Gold slipped 1.3% to $4,083, pressured by concerns that higher oil prices could fuel inflation and delay Federal Reserve rate cuts. Capital.com's Monte Safieddine warns that gold faces a "difficult co
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Iran's IRGC claims hitting 4 ships, 3 others struck mines near Strait of Hormuz
Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy announced its forces struck four vessels involved in ship-to-ship oil transfers in the Gulf, causing them to catch fire. Additionally, the IRGC sta
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US orders some personnel to leave Saudi Arabia after Houthi attacks, including one on Saudi Aramco oilfield that killed two
The decision comes as two people were killed in a drone attack targeting Saudi Aramco’s Shaybah oilfield.
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Saudi Arabia intercepted a Houthi drone attack on the Shaybah oil field, killing 2 people.
Saudi Arabia's air defense systems intercepted a Houthi drone attempting to attack Saudi Aramco's Shaybah oil field facilities, according to a post by the Saudi Ministry of Energy on the X platform. T
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Bloomberg: Middle East Oil Shipments Near Pre-War Levels Despite Increased Iranian Attacks in Strait of Hormuz
Bloomberg: Middle East Oil Shipments Near Pre-War Levels Despite Increased Iranian Attacks in Strait of Hormuz
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Former U.S. President Donald Trump praised the UK's North Sea oil drilling efforts, calling for "full speed ahead" and to "tear down the expensive and ridiculous windmills."
Former U.S. President Donald Trump praised the UK's North Sea oil drilling efforts, calling for "full speed ahead" and to "tear down the expensive and ridiculous windmills."
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Macquarie Oil Traders Leave as Bank Restructures Commodity Units
Macquarie Oil Traders Leave as Bank Restructures Commodity Units
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Gulf oil exports surpass pre-war levels despite Hormuz attacks, averaging over 24M bpd: WSJ Report
According to The Wall Street Journal, citing ship-tracking firm Kpler, oil exports from the Gulf region averaged over 24 million barrels per day (bpd) in the week ending October 18, exceeding the 23.3
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U.S. Treasury Secretary Scott Bessent stated that Iranian oil shipments have completely ceased, and economic hardship is imminent.
U.S. Treasury Secretary Scott Bessent stated that Iran's oil shipments have completely ceased, and the U.S. expects imminent economic hardship for Iran. This statement comes as the U.S. continues to e
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Iran's Revolutionary Guard stated that the Strait of Hormuz is closed, denying U.S. claims about oil shipments and adding that "smuggling" oil by small vessels does not mean the passage is open.
Iran's Revolutionary Guard stated that the Strait of Hormuz is closed, denying U.S. claims about oil shipments and adding that "smuggling" oil by small vessels does not mean the passage is open.
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U.S. Senator Rubio: Oil volume through the Strait of Hormuz is almost at pre-war levels.
U.S. Senator Rubio: Oil volume through the Strait of Hormuz is almost at pre-war levels.
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U.S. Envoy Tom Barrack: The U.S. is withdrawing from "oil for security" relationships, not the Middle East, re-evaluating its role after 23 regime changes.
Senior U.S. diplomat Tom Barrack stated at the Doha Global Security Forum that the United States is moving away from its traditional "oil for security" relationship with the Middle East and no longer
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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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