Saudi oil output sank to a 34-year low in April, amplifying OPEC+ supply cuts that propelled Brent crude above $84 and tightened…
India’s looming pullback from Russian crude imports on a possible US sanctions-waiver lapse threatens to disrupt global oil flows, redirect demand to…
IEA reports record drop in global oil inventories due to Iran war supply shock, sending crude prices above $110/bbl.
Ghana eyes Lukoil's sanctioned oil block stake in a potential energy sector expansion move, highlighting sanctions-driven asset sales and emerging market energy…
US SPR purchases of 6 million barrels and China’s 20% import quota increase spurred a 3.2% WTI rally to $68.45, arresting oil’s…
Petrobras profit missed estimates even as war-driven oil rally lifted crude prices, with refining losses and price controls weighing on Brazil's state…
US sanctions on twelve entities for Iranian oil exports to China boost crude prices, lift gold on safe-haven demand, and pressure the…
Europeans continue high fuel use despite oil price spike, pointing to inelastic demand in energy markets.
Saudi oil exports to China set for deep June plunge as OPEC+ cuts and Russian discount barrels reshape Asian crude trade flows.
FTSE 100 futures rise 0.8%, oil climbs 2.3% on Hormuz risk, and the pound falls to $1.2870, lifting UK blue-chip stocks.
Physical oil buyers backed away, easing the squeeze and dragging prompt futures lower — a bearish short-term signal for crude.
Oil loading delays at Oman's port disrupt crude flows, sparking fears of a supply squeeze that lifts oil prices.