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.
Donald Trump has denied, downplayed, or sought to reverse action on climate change through a combination of public rhetoric, the appointment of skeptics to key positions, and the dismantling of environmental regulations. As of 2026, his actions have included calling climat
WTI Oil slumps on US-Iran diplomatic progress, EIA inventory drawdown West Texas Intermediate (WTI) US Oil tumbles on Wednesday, trading around $92.30 at the time of writing, down 7.62% on the day as investors rapidly unwind geopolitical risk premiums following reports of a...</p
Rising fuel costs disproportionately impact lower-income households, exacerbating income disparity across the US economy. A sharp increase in US gasoline prices is deepening economic inequality, with lower-income households spending a larger share of earnings on fuel. The
USD: Peace progress and Oil slide weigh – MUFG MUFG’s Derek Halpenny notes that renewed hopes for a peace deal with Iran and a sharp drop in Brent crude Oil are pressuring the US Dollar (USD), with risk appetite supported by strong global equities and AI-driven...
Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending May 1, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday The decrease brings commercial stockpiles to 457.2 million bar
Weekly decline in crude inventories exceeds expectations, signaling potential supply tightness in the oil market. US crude oil inventories fell by 2.3 million barrels for the week ended May 1, the Energy Information Administration reported. The drawdown reflects stronger-t