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Crude oil rallied above $100 per barrel as U.S.-Iran conflict in the Persian Gulf threatens Strait of Hormuz supply flows. Forecasts indicate prolonged delivery risks into 2027, spurring roughly $20 …
Oil futures dropped sharply, with WTI falling 3.5% to $98.92 as prices retreated from four-month highs. Downward momentum was driven by the IEA's monthly report, which lowered demand expectations, pr…
Crude oil jumped over 1% as renewed U.S.-Iran strikes targeting commercial shipping near the Strait of Hormuz stoked fears of prolonged energy supply disruptions. Brent rose toward $98 amid escalatin…
Oil futures surged as the U.S. launched strikes against Iranian targets, escalating Middle East geopolitical risks and disrupting Strait of Hormuz shipping traffic. WTI settled up 5.2% at $90.22 a ba…
Oil prices jumped as escalating military exchanges between the U.S. and Iran, alongside reports of a tanker attack near Oman, renewed supply disruption concerns across the Persian Gulf.
Crude oil prices surged as Brent topped $91 and WTI approached $87 following escalating US-Iran tensions. Persistent transit constraints in the Strait of Hormuz, depleted global inventories, and tigh…
The U.S. and NABEP announced a historic $100 billion deal to develop Venezuelan oil reserves, unlocking 65 billion barrels and bringing substantial new supply to global energy markets.
A U.S.-Venezuela energy agreement grants American companies majority control over 65 billion barrels of proven crude reserves. While production will take years to ramp up, the deal substantially expa…
Mizuho reports that Venezuelan heavy crude will struggle to penetrate the U.S. market despite recent deals. Reliable Canadian crude imports of 4 million barrels daily already meet U.S. diesel demand,…
U.S. strikes on Iran and rising shipping risks in the Strait of Hormuz pushed WTI crude past $86 and Brent above $90. Exxon Mobil and Chevron shares climbed 3%, leading energy sector gains while broa…
US-Iran weekend military strikes and Strait of Hormuz shipping disruptions sent WTI crude above $86 and Brent past $90. Exxon Mobil jumped 3% on soaring energy risk premiums, while broader equities l…
U.S. crude oil inventories increased by 100,000 barrels last week while total product demand fell 3.0% year-over-year, pressuring WTI and Brent crude prices lower.
Crude oil tumbled sharply after Oman and Iran agreed to establish a temporary maritime corridor in the Strait of Hormuz to clear mines. Brent dropped 3.9% and WTI fell 3.1%, pressuring energy equitie…
Total US crude stockpiles fell 3.6 million barrels, with commercial inventories rising by just 100,000 barrels against a 1.6-million forecast. Large draws in gasoline and distillate reserves alongsid…
Oil prices retreated sharply as talks between Iran and Oman regarding the Strait of Hormuz calmed supply disruption fears. The slump in crude prices also reduced expectations for Bank of England rate…
Iran announced a 7.5 tcf natural gas discovery in Fars province, though production remains years away. Concurrently, crude oil prices fell, with Brent and WTI sliding up to 2% as traders took profits…
Energy stocks and crude oil prices rallied on Monday following the collapse of the US-Iran ceasefire and escalating Strait of Hormuz tensions. WTI crude advanced 2.3% to $84.31, while Brent surged 2.…
EOG Resources posted blowout Q2 2026 results with net income nearly doubling to $2.72B, revenue up 57%, and production up 24%, driven by higher WTI prices and strong operational execution. Company al…
US oil rig count rose slightly to 588, with Permian Basin at 260 rigs. WTI crude fell $4.64 to $84.67/barrel, signaling weaker price momentum despite steady drilling activity.