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US stocks rebounded as new inflation data cemented expectations for an upcoming Federal Reserve rate hike. While Treasury yields eased slightly from near 5% and crude retreated, persistent inflationa…
WTI crude slipped below $100 in a technical correction but maintained strong weekly gains amid escalating US-Iran tensions. Prolonged geopolitical supply disruption risks, an August drop in OPEC outp…
Brent crude slipped below $105 per barrel in a technical correction but maintained strong weekly gains amid escalating US-Iran conflict risks. Supply worries persist as OPEC output dropped and the IE…
Mexico is cutting financial support to Pemex by 70% to $4.8 billion, projecting higher oil prices will generate a rare cash surplus. Despite trimming debt, Pemex continues to face operational challen…
A major tanker operator reported strong earnings boosted by geopolitical tensions and Strait of Hormuz avoidance, expanding ton-mile demand. Backed by solid charter demand from oil majors and a $3.1 …
OPEC cut its 2026 global oil demand forecast from 580,000 to 380,000 barrels per day, citing demand destruction from elevated fuel prices. Although WTI and Brent breached $100 per barrel amid US-Iran…
U.S. stock index futures point to a higher open ahead of key PPI inflation data and earnings. Polymarket bettors indicate a 70% probability of an S&P 500 gain, while ongoing geopolitical rhetoric kee…
HSBC projects oil markets will remain tight until mid-2027 due to depressed Strait of Hormuz flows. The bank lifted its 2026 Brent forecast to $90 per barrel, warning that failed diplomacy could drai…
Analysts surveyed by Dow Jones project weekly ethanol inventories and daily production to decline compared to the previous week. Forecasted stockpiles range between 24 and 25.24 million barrels, whil…
Crude oil prices and energy equities gained pre-market on Tuesday. WTI crude climbed 1.3% to $92.65 per barrel, while Brent advanced 0.7% to $97.72 per barrel, buoyed by broad sector gains and positi…
Brent crude surged 1.31% to 97.05 USD per barrel, extending its four-week rally to 10.63% and marking a 46.99% gain over the past year amidst strong bullish momentum.
OPEC+ is expected to leave crude production policy unchanged for October amid ongoing shipping disruptions through the Strait of Hormuz. The alliance is shifting focus toward establishing new 2027 ba…
Despite political scrutiny and calls from politicians to cut gas prices, major oil producers like Chevron and ExxonMobil demonstrate strong resilience. Expanding operations, such as Chevron's Venezue…
Canada unexpectedly lost 42,000 jobs in August against expectations of a 15,000 gain, sending USDCAD higher to 1.3834. Meanwhile, stronger US jobs growth and Middle East supply concerns supported cru…
Treasury Secretary Scott Bessent projected oil prices could plunge to $40–$50 per barrel once US-Iran hostilities conclude, citing massive impending market oversupply. Bessent also downplayed worries…
US diesel prices reached record highs of $5.85 per gallon driven by maxed-out refinery capacity, seasonal heating demand, and wartime disruptions in Russia and the Middle East. Critically tight disti…
Chevron's dividend safety remains solid under high crude prices, backed by strong free cash flow, debt reduction, and the Hess acquisition. Long-term power contracts and strong balance sheet discipli…
Crude oil edged lower to $90 per barrel on Friday but surged nearly 9% on the week amid escalating US-Iran conflict and Strait of Hormuz shipping threats. While geopolitical supply disruption fears b…
The US plans to control over 65 billion barrels of Venezuelan crude reserves, blocking China from debt repayments via oil revenues. While China's crude reliance on Venezuela has declined, the geopoli…
Energy stocks edged lower Thursday despite escalating US-Iran military tensions in the Middle East. Front-month WTI crude gained 0.4% to $91.37 per barrel, while Brent dipped 0.2% to $95.43. Meanwhil…