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Chevron CEO Mike Wirth warned that oil prices will likely remain elevated as emergency supply buffers cushion against Middle East disruptions are largely depleted. With Brent crude hovering above $10…
The IEA cut its 2026 global oil supply and demand outlook, warning that stalled US-Iran negotiations and renewed shipping attacks will push the market into a deeper shortfall than previously projecte…
OPEC+ is expected to hold its oil output policy steady for October following the completion of its phased cut rollbacks. Despite planned quota hikes, actual production remains constrained by geopolit…
Crude oil prices hovered near multi-month highs amid escalating US-Iran military strikes and fresh tanker attacks near the Strait of Hormuz, threatening 20% of global oil transit. Falling US crude in…
A U.S. deal securing access to Venezuelan heavy crude increases long-term global oil supply and aids Gulf Coast refiners. However, near-term gasoline price relief remains constrained by near-maximum …
Oil prices dropped as Iran and Oman advanced talks to restore shipping traffic through the strategic Strait of Hormuz, unwinding geopolitical risk premiums. Losses were partially tempered by EIA data…
The U.S. is consolidating influence over Iraq's oil sector through majors like Chevron and ConocoPhillips, displacing Russian and Chinese competitors. With Iraq targeting 8 to 10 million bpd output w…
Crude oil prices face downward pressure as the White House shifts strategy toward economic sanctions instead of military strikes, reducing geopolitical risk premiums. Seasonal post-summer demand weak…
Brent crude prices retreated toward $91 amid geopolitical uncertainty. Mixed signals regarding US-Iran negotiations and ongoing conflicts in Lebanon have created market volatility, as traders weigh p…
WTI crude oil prices rose to $92.31 as geopolitical tensions in the Middle East persist. Despite diplomatic efforts by the U.S. to mitigate conflict, uncertainty regarding the Strait of Hormuz remain…
WTI oil futures remained largely flat, closing slightly higher at $88.90. Despite overnight geopolitical tensions between the U.S. and Iran, the market showed a muted response as investors focused on…