Geopolitical risks and labor disputes may disrupt oil supply chains and semiconductor production, pressuring global markets. Chinese oil tankers carrying crude have exited the Strait of Hormuz, potentially tightening global supply amid escalating Iran tensions. The move co
Oil prices moved lower on Wednesday as investors monitored developments in negotiations between the United States and Iran after Washington indicated that diplomatic discussions were advancing. Brent crude futures for July delivery, the global oil benchmark, dropped 2.5% t
Strikes at two major LNG facilities in Australia threaten supply as wage negotiations with contractor UGL collapse. Maintenance workers at two offshore LNG facilities in Australia began striking after failing to secure a wage agreement with engineering firm UGL. The indust
Two vessels loaded with over 4 million barrels of crude are en route to China amid eased Hormuz transit rules. Two supertankers carrying Iraqi and Qatari crude oil departed the Strait of Hormuz bound for China, according to vessel tracking data. The cargoes, totaling appro
Regional equities decline as Wall Street tech losses and higher crude costs dampen investor sentiment. Asian markets fell on Wednesday, mirroring losses in U.S. technology shares and semiconductor stocks. The retreat followed a broader pullback in global risk assets, drive
Oil prices edge lower as traders assess conflicting signals from the US administration on potential Iran sanctions relief. West Texas Intermediate crude trades at $103.20, down slightly in Asian hours as investors parse mixed messages from President Trump regarding US poli
Citi warns oil markets underestimate supply risks, forecasting near-term Brent at $120 with a bull case of $150 if Hormuz reopens slowly. Citi forecasts Brent crude prices will climb to $120 per barrel in the near term, citing underpriced risks of prolonged supply disrupti
Brent crude falls 0.4% to $110.83 a barrel Oil prices eased in early trade after President Trump expressed optimism about a quick end to the Iran war. The decline was modest, with Brent crude falling 45 cents to $110.83 a barrel and WTI dropping 27 cents to $103.88
Crude prices retreat slightly after six gains in seven sessions as traders weigh stalled negotiations and supply risks in the Middle East. Crude oil futures declined modestly in cautious trading Tuesday, reversing recent gains as traders assessed the lack of progress in U.
A surprise inventory decline in crude oil inventories contrasts with flat market close amid geopolitical tensions and mixed signals. A private survey revealed a crude oil inventory draw of 3.4 million barrels, exceeding expectations of a 2.1 million barrel decline. Distill
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