World Business
Riyadh, Moscow Cement Oil Control; OPEC Influence Wanes
As Saudi Arabia and Russia deepen their energy cooperation, their combined influence over global oil supply grows, challenging traditional market dynamics amidst...
#oil markets 37 articles
Markets
Oil Prices Plunge as Hormuz Traffic Restarts, Peace Talks Stall
Global oil prices saw a steep weekly loss as tanker traffic resumed through the Strait of Hormuz following a U.S.-Iran peace deal,...
Stocks
US Oil Reserve Dips to 43-Year Low Amid Iran Deal Talks
The U.S. Strategic Petroleum Reserve has fallen to ~340M barrels, its lowest level since 1983, according to Department of Energy data released...
Finance
Hormuz Deal: Shipping Faces Months of Disruption
A US-Iran deal to reopen the Strait of Hormuz offers hope, but mines, high insurance, and geopolitical risks mean pre-war shipping normalcy...
Stocks
Persian Gulf Oil Flows Hit 7M BPD, U.S. Escorts Credited
Crude oil and fuel shipments through the Strait of Hormuz have reached ~7M bbl/day, half of volumes stranded, Energy Secretary Chris Wright...
Markets
Oil Prices Jump as Iran Deal Stalls
Oil prices surged Monday, recouping recent losses, as uncertainty surrounding a potential peace deal with Iran intensified. Brent crude futures rose 3.3%...
World Business
US-Iran Deal Progress Stalls as Israel Widens Lebanon Offensive
US and Iran exchange draft changes for a ceasefire and Strait of Hormuz deal, but progress remains uncertain as Israel expands its...
Markets
Saudi Aramco CEO: Strait of Hormuz Closure Costs 100 Million Barrels Weekly
The CEO of Saudi Aramco reports a weekly loss of 100 million barrels due to the Strait of Hormuz closure, driving oil...
Stocks
Trump: U.S.-Iran Peace Deal on Strait of Hormuz ‘Largely Negotiated’
President Trump announced a peace deal with Iran to reopen the Strait of Hormuz is 'largely negotiated' and will be announced soon.