Unusual pre-market volume in WTI futures raises insider trading concerns ahead of a market-moving Axios report on U.S.-Iran talks. Over $1.7 billion in front-month WTI crude futures traded in the hour before an Axios report on a potential U.S.-Iran peace deal sent oil pric
A 30% drop in oil imports from the Persian Gulf threatens growth and risks stagflation across Asian economies. Asian economies are grappling with a sharp decline in oil and gas supplies from the Persian Gulf, triggering economic slowdowns and stagflation risks. The region
Oil prices rise after investors weigh potential de-escalation in the Middle East, reducing concerns over supply disruptions. West Texas Intermediate crude futures climbed in early trading as investors reassessed geopolitical risks amid reports of progress toward a Middle E
Oil prices rise after investors weigh potential de-escalation in the Middle East, reducing concerns over supply disruptions. West Texas Intermediate crude futures climbed in early trading as investors reassessed geopolitical risks amid reports of progress toward a Middle E
Governor announces temporary gasoline tax cut to ease inflationary pressure from rising fuel costs tied to geopolitical tensions. Kentucky Governor Andy Beshear will reduce the state’s gasoline tax as fuel prices surge due to the Ukraine war. The move aims to provide relie
As the Strait of Hormuz has now been closed for nearly nine weeks, the oil hub at Fujairah in the United Arab Emirates (UAE) has become an even more prominent oil export and bunkering hub than it has ever been. Thanks to its strategic position on the east coast of the UAE
Reports of progress in US-Iran negotiations weigh on crude markets amid expectations of eased supply constraints. Oil prices fell on reports that the US and Iran are nearing a diplomatic agreement, potentially easing sanctions on Iranian crude exports. Brent crude dropped
Oil supply shock worsens with falling inventories Oil inventories are expected to fall further, exacerbating the supply shock. The decline in oil inventories is likely to continue even if the conflict ends. This will worsen the existing oil supply shock, wi
Chord projects $1.4B free cash flow at $80 oil Chord anticipates generating $1.4B in free cash flow for 2026 if oil prices remain at $80. This projection is based on an increased oil volume outlook. The company has raised its oil volume outlook by 2,000 bpd
US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to Bloomberg reporting, which noted that diesel exports led the increase and reached an all-time... gh.