Exxon Mobil edged higher following an IEA forecast predicting a widening global oil supply deficit through 2026. Despite broader crude oil declines and valuation concerns nearly 30% above fair value,…
US crude inventories fell by 0.391 million barrels, falling short of expected 1.6 million-barrel draws. Unexpected builds in gasoline and distillate stockpiles alongside a 1.12 million bpd rise in ne…
ExxonMobil highlighted strong operational execution and growth targets through 2030 at the Barclays Energy-Power Conference. Management emphasized that recent successes across key assets in Guyana an…
Silver trades near $66.50 as escalating U.S.-Iran conflict drives Brent crude toward $100 a barrel. Heightened energy-driven inflation risks have boosted market expectations for a Federal Reserve int…
Brent crude fell over 5% weekly to $89.3/bbl as supply fears eased due to improved Hormuz flows, an Iran-Oman corridor deal, and reduced perceived geopolitical risk despite ongoing sanctions.
Data indicates Asian crude oil imports are stable but weak, contradicting U.S. claims of a significant rebound in flows from the Strait of Hormuz. Imports remain substantially below pre-war levels, s…
Oil prices slipped in early Asian trading due to position adjustments. Meanwhile, the market braces for anticipated new U.S. sanctions against Iran, potentially targeting major buyers like China amid…
Historic diesel crack spreads, driven by geopolitical supply shocks affecting Russian and Middle Eastern refining, as well as capacity closures, continue to push prices higher. While crude prices hav…