West Texas Intermediate (WTI) US Oil rises 3.20% on Monday and trades around $78.80 at the time of writing. Oil prices retain strong daily gains, supported by uncertainty surrounding the reopening of the Strait of Hormuz and persistent tensions in the Middle East Th
Geopolitical tensions and reduced speculative positions support oil, while US rig activity rises and exports stay elevated. Oil prices remain supported by ongoing uncertainty over the Strait of Hormuz amid stalled US-Iran negotiations. While diplomatic efforts continue, si
Kazakhstan is looking to re-route part of its crude oil exports away from its Black Sea export terminal and on pipelines through Azerbaijan, Georgia, and Turkey amid continued threats to its shipments from the Russian Black Sea port of Novorossiysk. “Transportation through the...
Egypt aims to boost oil and gas output with $4.5bn investment Egypt is planning to increase oil and gas production, attract new investment, and reduce petroleum imports as part of its 2026/2027 economic and social development strategy. The government plans to invest $
FUNDAMENTAL OVERVIEW Crude oil sold off last Tuesday as the expectations for a US-Iran deal grew stronger. In fact, on Tuesday, Qatari mediators said that the language for a possible US-Iran agreement had been drafted and US Treasury Secretary Bessent confirmed that an Ira
Serica Energy confirms its final offer for Pharos, rejecting further increases after rival Ratio Petroleum raised its bid. Serica Energy will not raise its 32.6683 pence per share offer for Pharos Energy, declaring its bid final. The proposal includes 28.6683 pence in cash
A swing-short trade idea proposes staggered entries between $79.31 and $81.18 with a stop at $82.27 for a potential 5.18:1 reward-to-risk ratio. A speculative crude oil swing-short strategy targets a move below $70 using five staggered entries from $79.31 to $81.18. The av
Negotiations over shipping routes through the Strait of Hormuz remain unresolved, keeping geopolitical risks in oil markets despite partial de-escalation. Brent oil rebounded from midweek lows but closed last week sharply lower as markets priced a partial easing of Middle
He Retired From the Oil Fields but Took $30,000 to Stay on Call. Social Security Counted It Before the Phone Rang Quick Read - Social Security counts standby or retainer pay as earned income even if the worker is never dispatched, triggering the earnings test. - A $
Oil prices pull back from session highs near $77.55 as traders assess risks to Middle East supply routes. West Texas Intermediate (WTI) futures on NYMEX retreated from intraday highs but remained 1.6% higher at $77.55 during European trading on Monday. The pullback followe
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