US oil exports hit 14.5 million barrels per day in May Oil exports from the US and the Americas reached a record high of 14.5 million barrels per day in May. This increase is attributed to the decline in crude output from the Middle East. The rise in US exp
The retailer slows price cuts at pumps to offset losses from prior increases, even as national averages fall below $4.12 per gallon. Costco is maintaining higher gasoline prices than competitors despite a three-week decline in national averages to $4.12 per gallon. Crude o
Author Robert Kiyosaki predicts gold will surge to $35,000 an ounce by 2035 following a recent rally above $4,300. Personal finance author Robert Kiyosaki said gold has begun a major rally after surpassing $4,300 an ounce on June 15, with prices reaching $4,362.6 at press
Equinor and its partners are proceeding with plans for a fourth development phase at the Johan Sverdrup field following new oil discoveries confirmed by recent appraisal wells in the area. The Tonjer west and east discoveries, along with Geitungen, will underpin the next s
The Iran war shut down the Strait of Hormuz in late February. Brent crude oil went from around $70 a barrel to briefly over $120 in a matter of days The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEMKT: XOP) is up nearly 34% year to date over the same stretc
British armed forces have intercepted a Russian shadow fleet oil tanker in the English Channel during the early hours of Sunday morning, the prime minister has said. In an operation lasting six hours, Royal Marine Commandos, alongside specialist officers from the National
WTI crude drops $4.50 to $80.38, signaling potential relief from inflationary pressures amid easing Middle East tensions. Oil prices fell sharply as the reopening of the Strait of Hormuz eased supply concerns, with WTI crude dropping $4.50 to $80.38 after briefly trading b
An LNG carrier successfully passed through the Strait of Hormuz early on Monday, the first tanker carrying energy products to clear the chokepoint since the U.S. and Iran announced a deal to reopen the Strait later this week. The U.S. and Iran late on Sunday announced a de
MUFG’s Lee Hardman highlights that Oil prices have fallen back toward USD80 per barrel as markets anticipate normalized flows through the Strait of Hormuz after the US-Iran agreement. However, he argues that Oil is unlikely to return below USD70 because supply restoration
A U.S.-Iran agreement to reopen the Strait of Hormuz may prompt China to increase crude imports, stoking inflation concerns amid easing supply constraints. China is poised to ramp up crude oil purchases after months of near multi-year lows, following a U.S.-Iran deal to re
ادخل بحساب جوجل لمشاركة رأيك والتفاعل مع الأخبار — بلا كلمة مرور.
إيميلك يبقى موثّقاً وخصوصيتك محفوظة.