NYMEX WTI crude June futures settle at $94.81 a barrel, down 27 cents, 0.28%. NYMEX Diesel June futures settle at $3.8166 a gallon NYMEX Gasoline June futures settle at $3.4560 a gallon. NYMEX Natural Gas June futures settle at î2.7690/MMBTU| FJ
Canada’s oil sands can grow, but getting the barrels out of the country is a problem. This is a constraint that has defined the sector for years President Scott Stauth told analysts the industry needs a West Coast export line to unlock meaningful growth. “We need th
Murphy Oil reports Q1 2026 results with offshore production advancements mitigating higher exploration expenses. Murphy Oil’s Q1 2026 financial performance highlights progress in offshore operations, which helped offset increased exploration costs. The company’s focus on d
WTI futures recovered to $93 and Brent reclaimed $100 after geopolitical risks in the Strait of Hormuz outweighed earlier deal optimism. Oil markets erased earlier losses on Thursday as geopolitical tensions in the Strait of Hormuz persisted, overshadowing hopes for a dipl
The price of crude oil is rebounding off session lows near $89.85 after finding support above yesterday’s low around $88.70. That defense of the prior day’s low helped stabilize the market and sparked a recovery move as less optimistic headlines surrounding Iran negotiatio
Tehran cuts output as storage capacity nears limits, potentially tightening global oil supply further. Iran has reduced its crude oil production by 400,000 barrels per day as storage facilities reach capacity. The move follows months of elevated output despite sanctions, l
Global crude oil and fuel inventories are crashing at a record speed as the supply shock from the Middle East is too big to absorb without stock depletion. While the futures markets trade on sentiment and hopes that a U.S.-Iran deal could soon lead to the reopening of the
Liquidity in crude markets drops sharply amid heightened uncertainty over Middle East tensions and supply disruptions. Trading volumes in global oil markets have fallen to multi-month lows as traders avoid exposure to escalating geopolitical risks. Open interest in Brent a
OPEC+ production cuts and geopolitical tensions drive crude prices higher as supply constraints tighten global markets. Oil prices climbed as OPEC+ extended production cuts, reducing global supply by an estimated 2 million barrels per day. The move aims to stabilize prices
Exports accounted for 20% of US renewable diesel and sustainable aviation fuel output in the second half of 2025. The United States exported nearly 50,000 barrels per day of renewable diesel and sustainable aviation fuel in the second half of 2025. This volume represented