Crude benchmarks jump over 8% weekly amid Strait of Hormuz closure, raising concerns over global oil supply disruptions. Crude oil prices climbed sharply, with light sweet crude settling at $105.42 a barrel, up 4% on the day and 10.5% for the week. Brent crude closed at $1
Traditional exchanges urge regulators to scrutinize Hyperliquid’s pseudonymous trading amid record energy derivatives activity. Intercontinental Exchange and CME Group have reportedly raised concerns with the CFTC about market integrity risks tied to Hyperliquid, a decentr
Ottawa and Alberta finalize carbon pricing deal to enable a 1 million barrel-per-day crude pipeline to the West Coast. Canada and Alberta have agreed on a carbon pricing framework, allowing construction of a 1 million barrel-per-day oil pipeline to the Pacific to begin as
Hyperliquid (HYPE-USD) token climbed 3.27% to $44.94 after fresh reports that CME Group (CME) and Intercontinental Exchange (ICE) are pushing US regulators to tighten oversight of the platform over potential risks to global oil price discovery and market manipulation concerns.</p
The Trump administration will put back into the Strategic Petroleum Reserve whatever oil it takes out—and then some—during the current emergency drawdown period, Energy Secretary Chris Wright said at an event on Friday. The plan, according to Wright, is to add 1.2 barrels
The weekly Baker Hughes rig count data for the week shows total rigs increased 3 to 551. Compared to a year ago, that number is down 25 Lower rig count does not necessarily mean lower oil extraction. The price of crude oil this week is up 6.10% or $5.77 for the July
Baker Hughes data shows a weekly increase in active oil rigs, reaching 415, though still below year-ago levels. The number of active oil rigs in the US rose by 5 to 415 in the latest reporting period, reflecting a response to higher crude prices. The total rig count, inclu
WTI Oil extends rally as Trump signals Chinese buying, Hormuz supply risks persist West Texas Intermediate (WTI) US Oil extends its rally on Friday, with the US benchmark trading around $100.90 at the time of writing, up 3.13% on the day, and breaking above the $100 level to...</
West Texas Intermediate (WTI) US Oil extends its rally on Friday, with the US benchmark trading around $100.90 at the time of writing, up 3.13% on the day, and breaking above the $100 level to reach a fresh weekly high. Markets are reacting to comments from US President Do
As the Middle East conflict exposes the fragility of global supply chains built around the Strait of Hormuz, energy companies and importing nations alike are reassessing where the next generation of reliable barrels will come from. The Vaca Muerta Shale sits at the top of
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