Strait of Hormuz reopens, increasing oil supply to the global market The reopening of the Strait of Hormuz has led to an increase in ship traffic, resulting in a surge of oil entering the global market. This surge in oil supply is expected to collide with a market
OPEC+ boosts production target by 188K barrels OPEC+ has agreed to raise its collective oil production target by 188K barrels per day for August. The increase is part of a gradual rollback of supply cuts. This move follows the recovery of exports after the
June production hit 19.43 million barrels per day, rebounding from May’s two-decade low amid Gulf supply restarts. OPEC’s oil production jumped by 3.3 million barrels per day in June to 19.43 million barrels, recovering from May’s sharp decline. The increase followed month
Oil prices rebound slightly after weaker-than-expected US employment figures reduce demand for the dollar. West Texas Intermediate crude oil climbed 0.30% to $68.65 on Friday, recovering from recent losses. The gain follows softer-than-expected US jobs data, which weakened
Weaker-than-expected US employment data reduces Fed rate hike bets, lifting oil prices amid Middle East tensions. West Texas Intermediate crude climbed 0.30% to $68.65 on Friday, recovering from recent losses as the US Dollar weakened. The move followed June’s Nonfarm Payr
The Trump administration is taking its campaign against high gasoline prices to the states, and it’s doing it formally. A little more than a week after President Donald Trump ordered the Justice Department to investigate possible price gouging at the pump, federal antitrus
The French energy major offers millions of barrels of Basrah Medium and Heavy crude for prompt delivery amid Hormuz shipping constraints. TotalEnergies is selling millions of barrels of Iraq’s Basrah Medium and Basrah Heavy crude to Asian buyers for delivery this month and
Falling crude prices reflect market expectations of a supply glut rather than confirmed oversupply, Commerzbank analysts say. Oil prices declined as optimism over potential US-Iran talks and a Strait of Hormuz reopening fueled expectations of increased supply. The drop con
Japan’s largest refiner plans to reduce dependence on Middle East oil from 95% following supply disruptions in the Strait of Hormuz. Eneos Holdings will diversify its crude supply after recent disruptions in the Strait of Hormuz exposed risks of heavy reliance on Middle Ea
Vltava Fund, a value-focused investment management company, published its investor letter for the second quarter of 2026. A copy of the letter can be downloaded here The letter explores the growing role of AI and how certain facets of human intelligence may become l
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