Persian Gulf Tanker Booking Hits 897% of Freight Benchmark, Signaling Oil Supply Crunch
A Persian Gulf tanker booking at 897% of the benchmark freight rate exposes a severe vessel scarcity, likely driving up crude oil…
A Persian Gulf tanker booking at 897% of the benchmark freight rate exposes a severe vessel scarcity, likely driving up crude oil…
Chinese independent refiners cut crude runs to a nine-year low, raising concerns over oil demand destruction and pressuring global crude benchmarks lower.
UAE oil exports jumped to 85% of pre-war levels according to the IEA, boosting global crude supply and weighing on oil prices…
Pemex and Petrobras agreed to a joint venture spanning oil exploration and refining, marking a significant step toward deeper energy cooperation between…
Russian oil exports hit a 2026 high, coinciding with an Iran sanctions waiver that threatens to add more supply and pressure crude…
Iran's struggle to diversify oil buyers beyond China signals limited near-term supply relief for global crude markets, as sanctions risks deter new…
ECB’s Escrivá flags oil-driven cost pressures spreading beyond energy, threatening a fresh inflation pulse in the eurozone.
Iran's diplomatic push to attract Asian oil buyers following a US sanctions waiver signals increased crude supply, adding downward pressure on oil…
Gold prices steadied near $2,320 an ounce after early U.S.-Iran peace signals reduced safe-haven demand, with traders monitoring diplomatic progress and upcoming…
Hedge funds piled into bearish oil bets ahead of a US-Iran MOU, positioning for a potential surge in Iranian crude exports that…
Temporary US sanctions relief on Iranian oil exports triggered a brief supply uptick, pressuring crude benchmarks as markets questioned the import window's…
Iran's 30-million-barrel oil shipment week before US waiver pressures crude prices as traders assess supply impact and geopolitical risk.