Analysts project Strait of Hormuz oil flows will reach only half of prewar levels within a month, with full recovery unlikely before late 2026. Oil markets are pricing in relief ahead of actual supply normalization, but energy flows through the Strait of Hormuz are expecte
National average price falls to $3.99 per gallon The national average price of gasoline has fallen below $4 per gallon for the first time in many months. The price has dropped 9.3 cents over the last week, with the current average standing at $3.99 per gallon.
US sanctions relief drives record shipments, boosting supply for US refiners and regional producers amid Middle East disruptions. Venezuela’s oil exports reached a seven-year high as the US relaxed restrictions on operations in the country. The easing of rules follows poli
Lower oil prices could prompt a broader equity rally A tentative U.S.-Iran peace deal has led to a decline in oil prices, which could have a positive impact on global stock markets. The drop in oil prices may clear the path for central banks to cut interest rates,
Crude settles at $80.75 after breaking below critical support, signaling potential further declines amid rising global supply expectations. Crude oil prices fell $4.13, or 4.9%, to settle at $80.75, breaking below a key support cluster near $85.45-$86.71. This zone had act
US oil exports hit 14.5 million barrels per day in May Oil exports from the US and the Americas reached a record high of 14.5 million barrels per day in May. This increase is attributed to the decline in crude output from the Middle East. The rise in US exp
The retailer slows price cuts at pumps to offset losses from prior increases, even as national averages fall below $4.12 per gallon. Costco is maintaining higher gasoline prices than competitors despite a three-week decline in national averages to $4.12 per gallon. Crude o
Author Robert Kiyosaki predicts gold will surge to $35,000 an ounce by 2035 following a recent rally above $4,300. Personal finance author Robert Kiyosaki said gold has begun a major rally after surpassing $4,300 an ounce on June 15, with prices reaching $4,362.6 at press
Equinor and its partners are proceeding with plans for a fourth development phase at the Johan Sverdrup field following new oil discoveries confirmed by recent appraisal wells in the area. The Tonjer west and east discoveries, along with Geitungen, will underpin the next s
The Iran war shut down the Strait of Hormuz in late February. Brent crude oil went from around $70 a barrel to briefly over $120 in a matter of days The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEMKT: XOP) is up nearly 34% year to date over the same stretc
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.