New Iran war sends oil prices soaring, hike in crude costs makes vehicle oil changes costlier, threatening consumer spending as inflation risks…
Saudi oil output sank to a 34-year low in April, amplifying OPEC+ supply cuts that propelled Brent crude above $84 and tightened…
Equinor-Germany talks on costlier oil output could provide support for Brent amid European energy-security moves.
IEA reports record drop in global oil inventories due to Iran war supply shock, sending crude prices above $110/bbl.
Oil consolidates gains above $72 as strained Iranian exports and a surprise U.S. inventory draw amplify supply fears amid ongoing Middle East…
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…
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…
Saudi Aramco warns a Strait of Hormuz closure could knock 100 million barrels of oil off the market each week, stoking fears…
Discounts on Russian Urals crude widened for first time since the Iran-Iraq war, deepening global oil price pressure amid tighter G7 price…
Thai Oil diversifies crude sourcing to Africa and the Americas, a strategic pivot that may nudge Atlantic Basin benchmarks higher while Middle…