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WTI crude slid over 2% after the IEA warned that high prices will trigger the largest drop in oil demand since the pandemic. Meanwhile, US CPI data raised odds for a Federal Reserve rate hike, while …
Red Sea and Strait of Hormuz shipping disruptions have propelled Suezmax tanker rates above $200,000 per day. Heightened Middle East geopolitical risks and rerouted voyages are sustaining high bunker…
US gasoline and diesel prices reached record seasonal highs as Brent crude surpassed $100 per barrel amid US-Iran tensions and refining bottlenecks. Surging crack spreads are pushing nationwide diese…
Geopolitical tensions between the U.S. and Iran have kept oil prices elevated and heightened broader stock market volatility. In response, analysts recommend rotating into low-beta, high-performing s…
WTI crude oil surged over 5% to a six-week high following escalating US-Iran military strikes in the Strait of Hormuz. Tightening global supply, Ukrainian drone attacks on Russian infrastructure, and…
Escalating Middle East tensions and tanker strikes in the Strait of Hormuz pushed crude prices sharply higher, driving strong premarket gains for Exxon Mobil and energy peers while broader equity mar…
Crude oil jumped over 2.6% above $85 per barrel following escalating US-Iran military strikes and mounting security threats in the Strait of Hormuz, intensifying concerns over potential disruptions t…
Conflicting reports regarding U.S. government plans to acquire a stake in a private energy firm linked to Venezuelan reserves have created uncertainty. While the WSJ reported a potential deal, the Pe…
The article details a controversial deal announced by former President Trump to secure Venezuelan oil for the US Strategic Petroleum Reserve. Despite the political claims of a historic agreement, ene…
Six months into the Iran war, OPEC+ has lost its ability to influence oil markets due to severe supply disruptions and the shutdown of the Strait of Hormuz. The group's market share has significantly…
Energy stocks slipped Thursday as WTI and Brent crude fell over 2%, pressured by rising natural gas inventories and mixed geopolitical signals over the Strait of Hormuz.
Crude oil futures fell as U.S.-Iran tensions over the Strait of Hormuz stalemate, weaker demand forecasts from IEA/OPEC, and a surprise U.S. inventory build weighed on prices. WTI settled down 2.4% a…
China's coal-to-chemicals giant Baofeng posted record H1 profits as high crude oil prices, driven by Middle East tensions, boosted the economics of coal-based chemical production over oil-based alter…
Vivakor (VIVK) reports rising activity in its physical crude oil trading platform amid Middle East-driven volatility in oil markets, reflecting growing commercial momentum but limited broad market im…
US Strategic Petroleum Reserve hits lowest level since 1983 after Trump's 182M barrel release amid Iran war. Oil prices surge as negotiations stall, with WTI and Brent crude jumping over 5% Monday.
Trucking jobs data was flat, easing overhiring fears. Oil/diesel markets remain volatile amid Hormuz tension and Russian refinery strikes widening crack spreads. A Fifth Circuit ruling reinstated Pen…
Shell reported a 70% surge in H1 earnings, exceeding forecasts due to volatile oil prices and strong trading performance, despite geopolitical disruptions and asset shutdowns.
Bitcoin is eyeing a breakout toward the $70,000 resistance level. The bullish sentiment is supported by a shift in macroeconomic sentiment as geopolitical tensions ease, pushing oil prices to their l…
Brent crude climbed above $95 per barrel as escalating geopolitical tensions between Iran and Israel renewed fears of supply disruptions. Despite OPEC+ production quota increases, the persistent inst…
ExxonMobil (XOM) shares saw a minor decline in recent trading session, underperforming compared to some of its sector peers like SLB and BKR, which showed gains.