WTI Oil hits three-month low at $73.36 WTI Oil prices have declined to a three-month low. The decline is attributed to hopes of a US-Iran peace agreement. The price of a WTI barrel fell to $73.36 on Thursday, on track for a more than 10% weekly decline.
West Texas Intermediate drops to a three-month low as Middle East tensions ease following a US-Iran agreement and Hormuz reopening. West Texas Intermediate crude fell to $73.36, its lowest level in three months, as hopes for a US-Iran peace deal weighed on prices. The decl
Oil prices recover from a five-day losing streak despite reduced Middle East tensions and softer supply risks. West Texas Intermediate crude climbed to $75.10 per barrel in Asian trading, halting a five-session decline. The gain comes as investors weigh potential Federal R
Analysts warn global crude stockpiles have fallen to operational minimums despite easing Hormuz tensions, pressuring prices. Brent crude dropped below $80 per barrel as concerns over depleted global oil inventories overshadowed optimism about a potential reopening of the S
Bank warns upside risks dominate as low inventories and disruption premiums could push oil above $130 by year-end. Goldman Sachs forecasts Brent crude at $80 by year-end and $75 in 2027, citing limited downside as markets have largely priced in supply recovery. The bank hi
Long-haul trucking's reliance on diesel may be overstated as battery technology advances and operating costs shift. Analysts warn that diesel demand in long-haul trucking could decline faster than expected, despite industry assumptions about energy density limitations. Whi
Oil sands production costs have decreased significantly The Canadian oil sands have become one of North America's lowest-cost oil producers. After the 2014-15 oil price crash, major energy companies like BP, Chevron, and TotalEnergies sold their interests in the Ca
The International Energy Agency projects a 5 million barrel per day oil surplus in 2027 as supply growth outpaces demand. The International Energy Agency warned of a potential 5 million barrel per day oil surplus in 2027 if Middle East production and exports rebound follow
Crude prices surged briefly amid speculation over stalled Iran nuclear talks but reversed as no concrete developments emerged. Oil prices jumped sharply before paring gains as traders reacted to unconfirmed reports suggesting progress on the Iran nuclear deal remained unli
EIA data shows commercial crude inventories fell to 418.2 million barrels, 6% below the five-year average for mid-June. US commercial crude oil inventories declined by 8.3 million barrels in the week ending June 12, extending a downward trend. The drawdown reduced stockpil
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.