WTI and Brent crude fall over 1.5% despite new attacks on energy routes, as markets prioritize Oman negotiations. Crude oil prices retreated Thursday, with WTI trading near $82.00 and Brent just above $86.50, both down more than 1.5%. The decline follows a series of attack
Brent crude falls $1.26 as investors weigh geopolitical risks and potential supply increases amid proposed maritime security efforts. Oil prices declined in volatile trading as markets reacted to Saudi Arabia’s proposal for a multinational maritime defense coalition in the
The biggest supply squeeze in the energy market is in diesel, as global refinery activity fell in July to its lowest seasonal level since the 2020 pandemic, Goldman Sachs said Thursday in a new report. The weakness in refinery run The biggest supply squeeze in the energy m
Following a subdued start to the year, sales of electric vehicles (EVs) jumped in the second quarter after the Middle East crisis slashed crude supply and hiked oil and fuel prices, the International Energy Agency (IEA) said in a report on Thursday. Global sales of electri
Trillion Energy International Inc. (CSE:TCF, OTCQB:TRLEF, FRA:Z620) will change its name to Dune Oil Corp, the company said, as it shifts its strategic focus toward oil development and exploration. The name change takes effect August 4, when the company's shares will begin
The biggest oil supply squeeze is currently in diesel markets amid the lowest global refining activity for this time of year since the 2020 pandemic, Goldman Sachs says. War-induced refinery outages in the Middle East and Russia have collapsed global fuel supply, especiall
Exxon Mobil (XOM), Chevron (CVX), and other major U.S. oil companies are fighting for a few of Venezuela's most attractive drilling spots, but some negotiations have reached an impasse, The Wall Street Journal reported Thursday. Among the issues that have To ensure this do
Oil prices climb 7% in two days after US military action raises supply disruption fears in the Middle East. West Texas Intermediate crude surged past $84.00 a barrel Thursday, extending a 7% rally over the past two days. The move follows renewed US airstrikes targeting Ira
Geopolitical tensions and a larger-than-expected US inventory draw drive oil prices higher after US resumes military action. West Texas Intermediate crude surged past $84.00, extending a 7% rally over two days as US airstrikes on Iran ended a brief truce. The military acti
Eneos buys 750,000 barrels of Canadian oil, marking Japan’s first import from Canada in nearly two years amid diversification efforts. Japan’s largest refiner, Eneos, has secured a rare cargo of Canadian crude oil, its first purchase from the country since 2025. The shipme
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