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Brent and WTI crude surged following drone strikes that shut Saudi Arabia's East-West pipeline as regional diplomatic efforts stalled. Brent peaked near $110 before settling 0.7% higher at $105.34, w…
Americans have spent over $109 billion more on fuel since March following Strait of Hormuz disruptions that pushed WTI crude past $97 a barrel and diesel above $6 per gallon, adding roughly $730 mill…
Baker Hughes reported the total US rig count rose by three to 591, with oil rigs up by one to 450 and Permian Basin activity flat at 268. WTI crude surged $8.57 over the week to settle at $100.05 per…
Cruise stocks plunged as WTI crude surged 3% to $95.73, dismantling hopes for fuel-cost relief. Norwegian led declines, dropping 3% due to high balance-sheet leverage, while Carnival and Royal Caribb…
WTI crude surged over 3% to multi-month highs following escalating Middle East conflicts. The US destroyed five Iranian tankers, while Houthi drone strikes damaged Saudi energy infrastructure. Combin…
U.S.-Iran military escalations surged after the U.S. military sank three Iranian oil tankers in the Persian Gulf. Brent crossed $97 and WTI topped $92 as Iran threatened regional U.S. energy assets a…
WTI crude surged to a three-month high amid escalating Middle East military clashes, including US-Iran strikes in the Strait of Hormuz and drone attacks on Saudi refineries. Combined with Ukrainian s…
Brent and WTI crude surged over 2% and 3% following Houthi attacks halting Saudi refinery operations and escalating US-Iran military clashes. Growing threats to crucial shipping choke points like the…
GeoPark secured a 25-year contract with PDVSA to develop the Bare Block in Venezuela, aiming to more than double output by decade's end. The move aligns with broader efforts to reopen Venezuela's oil…
The U.S. secured a 100-year deal controlling 65 billion barrels of Venezuelan oil reserves via North American Blue Energy Partners. Part of Trump's revived Monroe Doctrine, the agreement targets addi…
Crude oil breached $92 per barrel, reaching a three-month high as US-Iran tensions flared in the Strait of Hormuz. Escalating military clashes and strikes on tankers and regional infrastructure have …
Crude oil traded above $91 as US strikes on Iranian tankers and Tehran's threats to restrict Persian Gulf transit heightened fears of severe Strait of Hormuz disruptions. Washington vowed to maintain…
Energy stocks retreated Friday afternoon with XLE dropping 0.8% and oil services sliding 1.5%. WTI crude declined 0.4% to $90.97 per barrel, while Brent posted slight gains of 0.2% to reach $95.74.
The US total rig count held steady at 588 this week, with active oil rigs rising by 2 to 449. Meanwhile, EIA data showed US crude production increased to 13.862 million bpd. Crude oil prices softened…
Oil prices are heading for their largest weekly gain since mid-July due to escalating hostilities between the U.S. and Iran, which sparked concerns over potential Persian Gulf crude supply disruption…
WTI crude surged nearly 10% this week, tracking its largest weekly gain since mid-July amid escalating U.S.-Iran tensions and fears of Persian Gulf supply constraints. Diminishing inventory buffers c…
Crude oil surged toward $92 per barrel, heading for a 10% weekly gain amid escalating Middle East tensions and shipping disruptions in the Strait of Hormuz. Fresh strikes between the US and Iran, ref…
Crude oil benchmarks show mixed intraday performance as Brent slightly slips 0.16% while WTI gains 0.49%.
Crude oil surged over 5% to a 6-week high following direct US-Iran military strikes and tanker attacks in the Strait of Hormuz. Further supply risks from damaged Russian energy infrastructure and IEA…
Crude oil prices stay elevated as WTI pushes past $90 per barrel amid geopolitical tensions and supply concerns near the Strait of Hormuz. The bullish commodity environment is driving strong cash flo…