Quick Read - USO’s structural advantage depends on backwardated WTI futures curve that generates roll yield, but this tailwind reverses if the strait reopens. - Watch Kpler tanker data and the CME WTI futures strip: climbing Hormuz traffic or a flattening curve signals the...
Brent crude sees sharp volatility as traders reassess supply reliability amid Strait of Hormuz disruptions and potential U.S.-Iran deal. Energy markets in May abandoned the assumption that geopolitical disruptions are temporary, instead pricing them as structural risks. Th
Nearly 25% of US LNG cargoes shifted to Asia in April after Hormuz disruptions removed 20% of global supply, driving price spikes. US LNG exports to Asia climbed sharply in April, with nearly a quarter of American cargoes redirected to the region. The shift follows coordin
Chevron's CEO cites dwindling global oil inventories and geopolitical tensions as catalysts for imminent price spikes. Chevron CEO Mike Wirth issued a stark warning about rising oil prices, citing depleted market buffers and reduced capacity to absorb supply shocks. His re
Crude oil futures sink to six-week low Crude oil futures have fallen to their lowest since mid-April. The decline is attributed to the US and Iran nearing a preliminary agreement. This potential deal would include reopening the Strait of Hormuz, a key oil s
Investors eye Colombia’s 2026 election amid concerns over leftist President Petro’s fossil-fuel phaseout policies hurting oil output and energy stability. Colombia’s 2026 presidential election is shaping up as a critical juncture for its oil industry, which accounts for ro
Investors eye Colombia’s 2026 election amid concerns over leftist President Petro’s fossil-fuel phaseout policies hurting oil output and energy stability. Colombia’s 2026 presidential election is shaping up as a critical juncture for its oil industry, which accounts for ro
Brent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension and partial reopening of the Strait of Hormuz. ICE Brent is set to post its largest weekly loss in two months, dropping by almost 10%, as media reports present a
Brent crude is heading for its biggest weekly drop in two months as markets bet on a 60-day ceasefire extension and partial reopening of the Strait of Hormuz. ICE Brent is set to post its largest weekly loss in two months, dropping by almost 10%, as media reports present a
Oil prices declined by approximately 2% on 29 May as reports emerged that the US and Iran may have reached an agreement on a potential ceasefire extension. By 10:59 GMT, July Brent crude futures, which expire today, had dropped by $1.66, or 1.77%, to $92.05 a barrel (bbl),
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