Progress in negotiations reduces risk premium, pushing Brent down 1.61% to $79.27 per barrel amid easing stagflation concerns. Brent crude reversed earlier gains, dropping 1.61% to $79.27 per barrel as US-Iran talks progressed, reducing fears of supply disruptions at the S
An explosion at QatarEnergy’s Ras Laffan LNG site disrupts operations, injuring dozens and raising supply concerns. An explosion and fire at Qatar’s Ras Laffan LNG facility injured more than 50 people and left 18 unaccounted for as of June 21, 2026. The incident occurred d
West Texas Intermediate crude fell $2.5 from session highs as negotiations between Washington and Tehran advanced, pressuring prices. West Texas Intermediate crude oil dropped to around $75.00 after reversing earlier gains, pressured by reports of progress in US-Iran nucle
Crude Oil reversed previous gains and resumed its decline on Monday as news reports indicated progress in US-Iran talks. The US benchmark West Texas Intermediate (WTI) barrel has dropped about $2.5 from session highs and is wavering around $75.00 at the time of writing, Ne
Iran has now ramped up its crude oil exports that it openly transacts through the Strait of Hormuz to its highest since before the war started. According to ship tracking data, there is around 6 million barrels of Iranian crude that are on board three US-sanctioned superta
QatarEnergy redirects empty LNG carriers to restore exports after a facility explosion disrupted supplies at Ras Laffan. Qatar is accelerating efforts to restore liquefied natural gas exports following an explosion at the Ras Laffan complex on Sunday. Three QatarEnergy-own
An explosion at Qatar's Barzan gas plant leaves 54 injured and 18 missing, though domestic-focused output curbs immediate global LNG disruption concerns. An explosion and fire at Qatar's Barzan gas facility in Ras Laffan Industrial City injured 54 people and left 18 missin
Transits through the Strait of Hormuz fell to five ships Sunday, heightening concerns over crude supply disruptions amid escalating regional tensions. Shipping traffic through the Strait of Hormuz collapsed to just five vessels on Sunday, down from 26 the previous day, as
Beijing’s reduced crude purchases, falling to an eight-year low of 8 million barrels daily, helped prevent a sharper price surge amid supply disruptions. China’s crude oil imports dropped to under 8 million barrels a day in May, an eight-year low, easing pressure on global
Equity index futures decline while oil prices gain, with UK political turmoil weighing on GBP ahead of a key deadline. US equity index futures opened lower on June 22, 2026, as political uncertainty in the UK and mixed geopolitical signals weighed on sentiment. Oil prices