Strait of Hormuz Closure Pushes Oil Stockpiles Toward Record Lows by End of May: UBS
Global oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, UBS analysts warn,…
Global oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, UBS analysts warn,…
A spill near Iranian export infrastructure has slashed oil flows, according to TankerTrackers, raising concerns over global supply disruptions and pushing Brent…
Oil consolidates gains above $72 as strained Iranian exports and a surprise U.S. inventory draw amplify supply fears amid ongoing Middle East…
Iran’s Kharg Island oil export halt removes 1.5mb/d from global supply, lifting Brent above $90 and tightening energy markets amid the first…
Japanese refiner taps Mexican crude to bypass Hormuz turmoil, underscoring supply fears and potential upside for oil benchmarks.
Russia projects 2026 crude output flat at 10.3 million b/d, squeezed by accelerating Ukrainian drone strikes on refining infrastructure that tighten the…
Kazakh CPC oil exports are set to fall by 200,000 barrels per day in June due to pipeline maintenance, squeezing European crude…
Vietnam’s urgent plea to the US Navy to release an oil tanker from a blockade lifted crude oil prices as supply disruption…
Operational halts at Russia’s Novorossiysk port due to drones and storms slash crude exports, stoking oil-supply fears and pushing Brent prices higher.
WTI rallied 2.1% to $75.30 after a tenuous US-Iran ceasefire stoked supply disruption fears, lifting oil and safe havens.
Saudi Aramco warns a Strait of Hormuz closure could knock 100 million barrels of oil off the market each week, stoking fears…
Oil prices climb as Hormuz closure continues after Trump rejects Iran deal, disrupting global crude supply and lifting energy markets.