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OPEC+ is set to maintain its oil production policy for October amid ongoing Gulf export bottlenecks through the Strait of Hormuz. With actual physical supply lagging quotas and geopolitical tensions …
Bearish factors for WTI crude oil, including rising supplies from the Middle East and a strengthening dollar, outweigh bullish concerns like geopolitical tensions and potential OPEC supply constraint…
WTI crude oil prices face downward pressure from a strengthening dollar, rising Persian Gulf supplies, and potential higher OPEC+ production. However, geopolitical tensions in the Middle East and ong…
Chevron (CVX) and Halliburton (HAL) are nearing multi-billion dollar deals to invest in Venezuelan oil fields, signaling a major shift in US-Venezuela energy relations. These agreements, supported by…
WTI crude oil prices are under pressure due to easing Middle East tensions and a strengthening dollar. Despite supply concerns from the ongoing Russia-Ukraine war and US-Iran conflict, the potential …
WTI crude oil prices fell to a 1.5-week low on easing Middle East supply concerns, despite a bullish EIA report. Discussions between Iran and Oman to resume shipping through the Strait of Hormuz and …
Mixed WTI crude oil prices consolidate below one-month highs, supported by escalating geopolitical tensions (US-Iran, Middle East conflict, Ukraine-Russia) and OPEC+ supply concerns, despite mild pre…
Despite Treasury Secretary Bessent's May forecast of quick price relief, gasoline remains above $4/gallon for a record 103 days in 2026 as the Strait of Hormuz blockade persists, keeping WTI near $82…
US futures rise on renewed US-Iran diplomacy and strong Amazon/Microsoft earnings, offsetting Apple/Meta disappointment. Oil prices dropped over 5% on eased supply concerns and OPEC+ output increase.
OPEC+ likely to raise September oil output by 188,000 bpd, completing unwind of prior cuts. Real supply gains may be limited by capacity constraints and Hormuz Strait disruptions, but headline increa…
Libya's NOC and OMV declared the 'Essar' oil discovery commercially viable, adding 195 million barrels to reserves. This marks a significant step in Libya's push to revive its oil industry, targeting…
U.S. government shutdown risk weakened the dollar, lifting the euro and boosting gold and Treasuries while equities were muted. Oil fell on expected OPEC+ supply increases and China's PMI remained be…