#Crude Oil — FinScans

News 🏭 Commodities

BB Energy Agrees Deal to Resume Oil Sales from South Sudan, Easing Supply Blockage

July 7, 2026 (81 days ago)

A deal between BB Energy and South Sudan unblocks oil sales, with the resumption of exports poised to add small but bearish…

UKOIL

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News 🏭 Commodities

Renaissance Strikes Oil in Nigeria's Former Shell Block, Boosting Local Production

July 7, 2026 (81 days ago)

Renaissance's oil discovery in a former Shell field in Nigeria raises local output prospects and questions about Shell's asset sales.

USOIL USD/NGN SHEL

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News 🌐 Macro

Fed's Williams Turns Upbeat on Inflation as Energy Costs Tumble

July 7, 2026 (81 days ago)

Falling energy prices strengthen the case for a Fed pause, as John Williams sees inflation moving toward the 2% target, easing market…

USOIL SPX DXY +2

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News 🏭 Commodities

Record Russian Oil Exports Fail to Offset Cratering Prices, Revenues Plunge

July 7, 2026 (81 days ago)

Russia pumps record crude volumes as oil prices collapse, slashing export revenue and raising budget concerns.

USOIL UKOIL

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News 📈 Stocks

Equinor Chief Crude Trader Departs After Nine Years, Raising Trading Desk Concerns

July 7, 2026 (81 days ago)

Equinor's chief crude trader, a nine-year veteran overseeing the company's oil trading division, has departed, sending ripples through crude markets and raising…

EQNR UKOIL

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News 🏭 Commodities

Crude Oil Tanker Damaged in Hormuz Strait Raises Supply Disruption Fears

July 7, 2026 (81 days ago)

Damage to a Saudi oil tanker in the Strait of Hormuz stokes supply disruption fears, with Brent crude likely to react as…

UKOIL

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News 🏭 Commodities

Shell Flags Strong Oil and Gas Trading Gains on Iran Conflict

July 7, 2026 (81 days ago)

Shell signals surging oil and gas trading profits driven by the Iran war, highlighting supply disruption risks and elevated crude price volatility.

USOIL UKOIL SHEL

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News 🏭 Commodities

China Demand Fears Drag Oil Below $70, Brent Hits 3-Month Low

July 7, 2026 (81 days ago)

Brent crude oil slumps below $70 as China's manufacturing contraction and falling crude imports intensify concerns over global demand destruction and a…

UKOIL USOIL

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News 🏭 Commodities

Saudi Arabia Cuts Oil Prices to Battle for Buyers as Competition Rises

July 6, 2026 (82 days ago)

Saudi Arabia’s rare oil price discount underscores a fierce battle for market share among producers, poised to sink crude prices globally as…

USOIL UKOIL USD/CAD +2

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News 🏭 Commodities

Canada Greenlights 100+ Oil Drilling Permits in Emerging Shale Play

July 6, 2026 (82 days ago)

Canada unleashes a surge of oil drilling permits in a new geological play, adding bearish pressure to crude markets as non-OPEC supply…

USOIL UKOIL

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News 🏭 Commodities

Saudi Arabia Slashes Oil Prices by Most in Decades Amid Weak Demand

July 6, 2026 (82 days ago)

Saudi Arabia slashed oil prices by the most in decades as global demand weakens, intensifying bearish pressure on crude markets and energy…

USOIL UKOIL

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News 🏭 Commodities

Oil Prices Drop as Hormuz Flows Persist, OPEC+ Prepares More Supply

July 6, 2026 (82 days ago)

Oil prices declined on July 5 as the Strait of Hormuz saw no disruption and OPEC+ prepared to increase output, with WTI…

USOIL

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