Mina al Fahal, a key Omani oil export hub, suspends operations following an explosion near its mooring berths amid rising regional tensions. An explosion near the single-buoy mooring berths at Oman’s Mina al Fahal crude terminal has forced a suspension of oil loading opera
Oil prices edge lower in Asian trade as traders weigh geopolitical risks against market fundamentals. West Texas Intermediate crude fell to $90.85 in early Asian trading Friday, extending losses below $91.00. The decline comes despite heightened tensions involving Iran, as
Oil prices retreat despite Iran threats after US signals progress on a potential peace deal with Tehran. West Texas Intermediate crude fell to $90.85 in early Asian trading Friday, paring three days of gains. The decline comes as investors weigh Iran’s warnings over the St
Brazil and Guyana drive regional oil export growth South America has increased its oil exports more than the US so far this year. Key producers in the region have boosted production and shipments to meet global demand. Brazil has started production at sever
OPEC maintains its 2025 oil demand growth projection despite geopolitical tensions and market skepticism. OPEC has reaffirmed its 2025 oil demand growth forecast at 1.2 million barrels per day, citing no evidence of demand destruction. The organization dismissed concerns o
Quick Read - Breakwave Tanker Shipping ETF (BWET) returned 1,793% in one year, surging from $9.93 per share on June 4, 2025, to $209.50 by mid-2026, as the fund’s Very Large Crude Carrier (VLCC) futures contracts repriced dramatically higher when the Strait of Hormuz effectively...</stron
Russia's crude oil production has declined since the beginning of the year as a number of local refineries are under unscheduled repairs and maintenance, Russia's Deputy Prime Minister Alexander Novak said on Thursday, in the first public acknowledgement from Moscow that its...</
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) is stepping up its push into an underexplored onshore oil block in southeastern Türkiye, making a second cash payment of US$250,000 toward its earn-in obligations on the M47c,d Concession as it prepares an...
South Korea’s refiners have increased processing rates and jet fuel exports as crude imports into the Asian country recover and wide open arbitrage encourages shipments to the U.S. West Coast, analysts have told Reuters South Korea likely shipped the highest volumes
Vivakor, Inc. (NASDAQ:VIVK) on Thursday disclosed that its commodities trading platform, Vivakor Supply & Trading, penned a recurring one-year crude oil transaction. Details The transaction entails around 100,000 barrels of crude oil per month through the Cushing Terminal<
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