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OPEC trimmed its 2026 global oil demand growth forecast for the fifth straight month to 380,000 bpd while raising its 2027 outlook. The downgrade comes amid severe supply constraints, with Saudi crud…
Crude oil surpassed $103 per barrel as escalating Middle East conflict threatens global energy supplies. Houthi attacks on Saudi facilities slashed Saudi output by 1.9 million bpd, while Persian Gulf…
Oil futures surged over 6% to four-month highs as escalating Persian Gulf military tensions spark severe supply disruption fears. Iran signaled readiness for prolonged warfare, solidifying expectatio…
WTI crude surges toward $100 per barrel following escalating military strikes between the U.S. and Iran alongside Houthi advances near the Bab el-Mandeb strait. The geopolitical flare-up is stoking f…
Oil prices jumped as the U.S. military reportedly destroyed five Iranian tankers after missile attacks on a warship. Escalating geopolitical tensions and Iranian threats of intensified retaliatory st…
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…
Sugar prices rallied following a 3% surge in crude oil futures to 3.25-month highs, incentivizing cane diversion into ethanol. Further support stems from projected global deficits and production decl…
Crude oil hit 3-month highs as US-Iran clashes in the Strait of Hormuz and drone strikes on Saudi Aramco facilities severely disrupted Middle East exports. Coupled with Ukrainian strikes hitting Russ…
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 neared $100 and WTI jumped to $94 following escalating Middle East hostilities, including Saudi facility shutdowns from Houthi strikes and US strikes disabling Iranian tankers. Growing su…
Brent and WTI crude surged toward $100 after Houthi attacks prompted Saudi Arabia to halt southern energy operations and the US struck Iranian tankers. With Strait of Hormuz transit constrained and d…
U.S. Labor Day gas prices hit a record $4.15 per gallon as conflict severely restricts crude flows through the Strait of Hormuz. With WTI near $92 and Brent at $97, refinery damages and tight stockpi…
Oil prices climbed in Asian trade amid fears of Middle East supply disruptions. Iran targeted three oil tankers in the Strait of Hormuz following U.S. strikes on Iranian vessels, heightening risks of…
Oil prices surged as escalating U.S.-Iran military strikes intensified geopolitical supply risks. WTI rose 1.4% to $92.72 and Brent neared $100 per barrel, further supported by tightening global crud…
Chevron will invest over $7 billion in Venezuela over five years to double crude production to 600,000 bpd at sub-$20 costs. The expanded output and infrastructure rehabilitation signal rising medium…
Crude futures settled higher to cap a strong weekly rally, with WTI gaining 9.7% following U.S. strikes on Iranian targets and shipping disruptions in the Strait of Hormuz. A larger-than-expected 4.5…
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…
Oil futures climbed for a third consecutive session driven by escalating U.S.-Iran tensions and a larger-than-expected 4.5 million barrel draw in U.S. crude inventories. Record-low seasonal diesel st…
WTI crude oil reached a six-week high following intensified US-Iran military strikes that heightened Strait of Hormuz disruption risks. Further upside was driven by an unexpected 4.45-million-barrel …
US crude oil inventories dropped by 4.5 million barrels according to EIA data, alongside a 1.2 million barrel decline in gasoline stockpiles. Despite the significant inventory draw, crude prices dipp…