Qatar prepares to quickly restart and restore liquefied natural gas output within weeks after the eventual reopening of the Strait of Hormuz, Bloomberg reported on Tuesday, citing anonymous sources with knowledge of the plans. State firm QatarEnergy, which curtailed LNG ou
Memory and storage chip companies surged on Monday, June 15, after the United States and Iran announced a peace agreement that will reopen the Strait of Hormuz. The rally didn't come about because the AI trade suddenly changed; it came about because the single biggest thre
CLNE shares rise 1.6% pre-market after winning contracts to build LNG fueling systems for gas-to-power projects on the island. Clean Energy Fuels announced it has been awarded two contracts to design and install liquefied natural gas fueling systems in Puerto Rico. The pro
Morgan Stanley lowers oil price forecast to $80 per barrel Morgan Stanley cut its forecast for oil prices due to developments in US-Iran peace negotiations. The bank now sees Brent crude averaging $80 per barrel in the last quarter of 2026 and $90 per barrel in the th
WTI slumps to three-month low near $79.00 on US-Iran peace deal optimism West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.20 during the early European trading hours on Tuesday. The WTI price falls to a three-month low after the United States
May refinery runs fell 9.1% year-on-year to 53.72 million tons as crude imports hit an eight-year low. Chinese refiners processed 53.72 million tons of crude in May, down 9.1% from a year earlier, marking the lowest throughput since 2020. The average run rate dropped to 66
Uncertain timelines and Iran’s 60-day toll threat keep oil shipment disruptions a near-term risk, analysts say. Reported progress on a US-Iran understanding has not eliminated risks around the Strait of Hormuz, where key details remain unresolved. A brief memorandum was ag
Goldman lowers Brent forecast to $80 for Q4 2026 Goldman Sachs cut its Q4 2026 Brent forecast to $80 from $90. The revision is due to the US-Iran Hormuz deal, which brings forward Persian Gulf export normalisation to end-July. The 2027 average of $75 for Brent an
Analysts say inventory deficits, high shipping costs, and OPEC+ policy may keep Brent and WTI above pre-war levels for years. Brent crude at $83.17 and WTI at $80.75 remain significantly above pre-war levels of $72.48 and $67.02, respectively. A durable return to $67 may t
New data suggests daily oil supply losses from the Strait of Hormuz shutdown may be significantly below initial estimates of 10 million barrels. Traders are reassessing the impact of the Strait of Hormuz closure after initial estimates of over 10 million barrels per day in
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