Oil Markets
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thesouthafrican.comU.S. Crude Exports Reach Record High as SPR Releases Continue
U.S. crude exports hit an all-time high while Strategic Petroleum Reserve releases continued. Brent crude for July delivery fell 0.6 percent to $93.73 per barrel.
CnbcExxon Executive Says Oil Inventories Will Reach Record Lows in Weeks
Exxon Mobil senior vice president Neil Chapman stated that global oil inventories will hit all-time lows within two to four weeks. He said physical Brent crude prices would then rise to $150-$160 per barrel.
finance.yahoo.comOil time-spreads sell-off extends, nearby backwardation at lowest since March 3
The decline in nearby oil time-spreads continued on May 28, 2026. The spread between the second and third month contracts reached its lowest level since March 3.
Oil Prices Drop More Than 5 Percent After Statements From Washington and Tehran
International and domestic crude benchmarks dropped more than 5 percent on Wednesday, marking the largest single-day decline in a month. The move followed statements from both U.S. and Iranian officials regarding shipping through the Strait of Hormuz.
pbs.orgOil Prices Fall as Traders Assess Possible U.S.-Iran Shipping Deal
WTI crude futures dropped 5.4 percent and Brent futures fell 4.6 percent on Wednesday. Traders reacted to reports of possible U.S.-Iran talks that could reopen the Strait of Hormuz. Piper Sandler said the waterway is likely to stay closed for now.
nbcnews.comOil Prices Drop 4% as Hopes Rise for U.S.-Iran Deal
Crude benchmarks fell sharply Wednesday on optimism that Washington and Tehran could extend a ceasefire and reopen the Strait of Hormuz. Traders weighed the prospect of renewed supply against ongoing military activity near the waterway.
nypost.comU.S. Blockade of Strait of Hormuz Leaves Oil Supply Largely Unchanged
The U.S. double blockade of the Strait of Hormuz has restricted only Iranian shipments while Gulf producers reroute oil through pipelines and ports. April U.S. oil exports reached record levels and non-Gulf suppliers increased output.
NewsweekU.S. Crude Inventories Fall to Lowest Level in Nearly a Year
Total crude stocks dropped 17.8 million barrels in the week ending May 15. The decline follows releases from the Strategic Petroleum Reserve and record exports.
Electric Vehicle Adoption Reported to Ease Oil Supply Pressure
The International Energy Agency stated that rising electric vehicle use is shifting both car markets and the broader energy system. Officials described the trend as providing relief during the current oil supply disruption.
france24.comGlobal Energy Supply Shock Cuts 20% of Oil and LNG Flows at Strait of Hormuz
The U.S.-Israel conflict with Iran has halted roughly one-fifth of world oil and liquefied natural gas shipments through the Strait of Hormuz. Power demand continues to climb nearly 4% annually due to population growth, electrification, and data-center expansion.
activistpost.comOil prices near $100 after Strait of Hormuz closure, IEA reports record stock draw
Crude prices have risen about $100 per barrel since Iran closed the Strait of Hormuz three months ago. The International Energy Agency said oil inventories are declining at a record pace, with some analysts warning of critically low levels by June.
thesouthafrican.comSenegal Fuel Subsidy Costs Rise $2 Billion if Oil Hits $115
Senegal's fuel subsidy spending may exceed this year's target by $2 billion if crude oil prices reach $115 per barrel. The increase stems from higher global oil prices linked to the war in Iran.
deccanchronicle.comOil Markets React to Supply Disruptions and Inventory Changes
Global oil markets experienced price increases this week despite reports of potential U.S.-Iran negotiations. The largest U.S. inventory drawdown on record produced only a limited price response while European economic data weakened.
gurufocus.comU.S. Crude Inventories Fall 17.8 Million Barrels in Record Weekly Drawdown
Total U.S. crude inventories dropped 17.8 million barrels last week, the largest weekly decline on record. The Strategic Petroleum Reserve alone lost 9.9 million barrels, bringing its level to 374 million barrels after 42 million barrels have been released since the Iran war bega…
financialpost.comOil Traders Create Acronym for Strait of Hormuz Outlook
Oil market participants have coined the acronym NACHO to describe expectations that the Strait of Hormuz will remain open. Brent crude prices fell 6 percent during the week despite the outlook.
americanbanker.comFed Official Says Gas Prices Could Take Months to Fall After Hormuz Reopen
A Federal Reserve official stated that gasoline prices may remain elevated for months even after the Strait of Hormuz reopens. The comment highlights the lag between supply chain recovery and consumer fuel costs.
Fed official says gas prices to fall after Hormuz reopening
A Federal Reserve official stated that gasoline prices could remain elevated for months even after the Strait of Hormuz reopens. The comments address ongoing concerns about energy supply disruptions in the Persian Gulf region.
ibtimes.co.ukFed Official Says Gas Prices Will Take Months to Fall After Strait Reopens
A Federal Reserve official stated that gasoline prices could remain elevated for months even after the Strait of Hormuz reopens. The comments address the lag between supply recovery and consumer price adjustments.
rte.ieChina Sent 430,000 Barrels Per Day of Crude to Reserves in April
China directed an estimated 430,000 barrels per day of crude oil into strategic and commercial reserves last month. Official data showed imports fell 20 percent from a year earlier to 9.25 million barrels per day, the lowest level since July 2022. Refinery throughput also reached…
freepressjournal.inIran Reviews U.S. Peace Proposal as Trump Signals Willingness to Wait
Iran said Thursday it is reviewing the latest U.S. proposal to end the nearly three-month war. President Trump stated he is prepared to wait a few days for the right answers before considering renewed strikes.
english.elpais.comIEA Warns Oil Markets Could Enter Red Zone by July
IEA Executive Director Fatih Birol said global oil stocks are depleting amid the Iran war energy shock. He called for the unconditional reopening of the Strait of Hormuz to prevent tighter supply conditions this summer.
The IndependentUAE Oil Chief Says Full Flows Through Strait of Hormuz Unlikely Before 2027
Sultan Al Jaber, chief executive of ADNOC, said full oil flows through the Strait of Hormuz are unlikely to resume before the first or second quarter of 2027. The assessment came at an Atlantic Council event on Wednesday.
realitytea.comTrump Says U.S.-Iran Talks Reach Final Stages as Oil Prices Drop
President Trump stated that negotiations with Iran are in the final stages. Oil prices fell sharply after the announcement while Iran reviews the latest U.S. proposal.
Washington ExaminerNational Average Gasoline Price Reaches $4.56 per Gallon
Every U.S. state now reports average regular gasoline prices above $4 per gallon. AAA data released Wednesday showed the national average at $4.56, with seven states above $5 and California above $6.
activistpost.comCiti Projects Strait of Hormuz Closure Through Early 2027 in Oil Shock Scenario
Citi analysts outlined conditions under which the Strait of Hormuz would need to stay closed into early 2027 to replicate the scale of the 1970s oil shock. The projection ties the duration of any closure to the size of the supply disruption.
ForbesIran Proposes End to Sanctions and Naval Blockade
Iranian officials outlined a new peace proposal that includes ending U.S. sanctions and a naval blockade. The proposal also calls for maintaining the right to enrich uranium and for the release of frozen funds.
thequint.comU.S. Central Command Redirects 85 Vessels in Iran Port Blockade
U.S. Central Command reported redirecting 85 commercial vessels and disabling four others as part of its blockade of Iranian ports. Oil prices and global stock indexes moved sharply on Monday amid ongoing diplomatic efforts.
revolver.newsIEA Chief Says Strait of Hormuz Closure Depletes Oil Inventories
Fatih Birol, chief of the International Energy Agency, said commercial oil inventories are being drawn down rapidly because of the closure of the Strait of Hormuz. He spoke at a Group of Seven finance leaders meeting in Paris on Monday.
financialpost.comOil Traders Reduce Bullish Positions as Tankers Exit Strait of Hormuz
Hedge funds and other money managers cut their net long positions in petroleum futures and options by the equivalent of 44 million barrels during the week ending May 12. The reduction follows continued ceasefire talks between the United States and Iran and the passage of a small…
freepressjournal.inOil Prices Rise After Trump Statement on Iran
Oil prices increased and global stock indexes declined Monday after President Trump warned Iran to accept a peace agreement. Iran stated it had sent revised terms for ending the war through Pakistani mediators and is discussing safe transit through the Strait of Hormuz with Oman.
middleeasteye.netTraders Placed $800 Million Bet on Oil Price Drop Before Announcement
Anonymous traders bet $800 million that oil prices would fall on March 23. Minutes later, a presidential announcement caused prices to drop more than 10 percent.
marketwatch.comIEA reports oil inventories fell as diesel and fertilizer costs rose
The International Energy Agency reported that commercial oil inventories are falling rapidly and will continue to decline in the coming weeks. IEA chief Fatih Birol cited potential increases in diesel and fertilizer costs during travel and planting seasons.
thehindubusinessline.comPrediction Markets See Over $1 Billion in War-Related Bets This Year
More than $1 billion has been wagered on military outcomes on prediction markets this year. Analytics firm Bubblemaps identified nine linked accounts that won 98 percent of over 80 bets on U.S. military actions involving Iran.
FortuneOil Futures Rise as Strait of Hormuz Remains Closed
Stock futures declined Sunday while oil prices climbed after the U.S.-China summit failed to reopen the Strait of Hormuz. Officials are scheduled to meet again on Tuesday to discuss the situation.
France 24U.S. Congress Seeks Answers on Oil Traders' Iran-Related Bets
U.S. Congress has asked for information on whether traders had advance knowledge of developments affecting oil markets. The inquiry follows reports of large profits from positions taken before recent events involving Iran.
newrepublic.comTreasury Secretary Bessent Says China Will Help Reopen Strait of Hormuz
Treasury Secretary Scott Bessent said China will work behind the scenes to reopen the Strait of Hormuz, citing Beijing's interest as the world's largest oil importer. Bessent made the remarks from Beijing during a summit between President Donald Trump and Chinese leader Xi Jinpin…
dailydot.comTrump Energy Cabinet Testifies Before Congress on Permitting, Regulations and National Security as House Votes on E15
All three of President Donald Trump’s energy and environment cabinet members appeared before Congress on May 13, 2026, addressing EPA health-benefit modeling, an appeal of a wind and solar permitting ruling, and Iran’s nuclear progress. The House is scheduled to vote the same day…
Substrate placeholder — needs reviewU.S. Agency Releases First Quarterly Global Energy Security Dataset
The agency released its inaugural quarterly dataset covering global strategic petroleum reserves and energy flows through key chokepoints. The information tracks petroleum, oil and LNG movements. It marks the first time the data has been compiled and published on a quarterly basi…
CnbcU.S. Stock Futures Rise as Trump Begins China Visit
U.S. equity futures advanced on May 13, 2026, with S&P futures up 0.2 percent and Nasdaq futures gaining 0.7 percent. President Trump arrived in Beijing for a summit with Chinese President Xi Jinping, accompanied by business leaders including Nvidia CEO Jensen Huang and Elon Musk…
marketwatch.comOil Prices Hold Near $107
Brent crude oil traded around $107 per barrel Wednesday as escalating conflict in the Middle East lifted energy prices and the U.S. dollar while pressuring equities and cryptocurrencies. Bitcoin held above $76,000 support even as it fell 1 percent to roughly $80,800. European gas…
Financial TimesIEA Reports Global Oil Inventories Declined
The International Energy Agency said oil inventories are being depleted at a record pace after supply losses linked to the Strait of Hormuz reached 12.8 million barrels per day since late February. U.S. emergency crude reserves saw the largest weekly drawdown on record last week,…
Al JazeeraTrump Rejects Iranian Nuclear Proposal
President Trump dismissed Iran's counterproposal demanding reparations, sovereignty over the Strait of Hormuz and an end to sanctions, declaring the ceasefire on life support. Oil prices jumped as high as $105.50 a barrel while U.S. Treasury yields climbed, with the 10-year note…
reason.comU.S. Inflation Rises to 3.8 Percent in April, Highest in Three Years
Consumer prices increased 0.6 percent in April and are up 3.8 percent over the past year, the Bureau of Labor Statistics reported. Energy prices drove much of the rise after the closure of the Strait of Hormuz in March due to the war between the United States and Iran. Average wa…
citizen.co.zaIranian Official Says China Is Part Of Political Balancing Amid Conflict
An adviser to Iran’s supreme leader said China forms part of Iran’s political balancing strategy as the country navigates its conflict with the United States. Aides to the U.S. president indicated that resuming combat operations in Iran is under more serious consideration after t…
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news.google.comRussian Urals Oil Trades at $2-4 Premium to Brent for June Delivery in Indian Ports
Premiums for Russian Urals crude have declined to $2-4 per barrel above Brent for June delivery cargoes in Indian ports. The drop comes amid weak refining margins, according to sources. @DeItaone reported the development on Tuesday.
rte.ieAramco Q1 Profit Rises 25%
The company reported $32.5 billion in first-quarter profit amid elevated oil prices following the closure of the Strait of Hormuz in early March. Its chief executive warned that global oil markets will take months or until 2027 to normalize even if the strait reopens immediately…
nypost.comTrump Arrives in Beijing for Talks With Xi Jinping
President Trump landed in China on May 13 for a state visit focused on pressing President Xi Jinping to help end the war with Iran. Oil prices climbed after Trump rejected Iran's latest ceasefire proposal as "totally unacceptable." The trip occurs amid rising U.S. bond yields, hi…
america.cgtn.comOil Prices Remain Above $100 as Ceasefire Holds in Iran Conflict
Brent crude rose above $105 before settling near $105 a barrel after President Donald Trump rejected Iran's response to U.S. proposals to end the conflict. The Strait of Hormuz has been shut since late February, triggering sharp supply losses and profit surges at major energy com…
thehindubusinessline.comStrait of Hormuz Vessel Traffic Drops to 2-5 Ships Daily From 70
Saudi Aramco CEO Amin Nasser described the closure as the biggest energy supply shock ever and warned that prolonged disruption could delay market normalization until 2027. The market has already lost around 1 billion barrels, partly offset by alternative routes and reserves.
freepressjournal.inGlobal Oil Inventories Fall at Record Pace as Middle East Supply Disruptions Continue
The last tankers from the Persian Gulf have reached their destinations as strategic reserves are drawn down to offset lost Middle East supply. Global oil inventories are declining at a record pace according to media reports this week. OilPrice.com reported that the situation rema…
jpost.comStrait of Hormuz Disruption Highlights Energy Risk for Businesses
A potential closure of the Strait of Hormuz, which carries one-fifth of global oil supply and significant liquefied natural gas, would affect corporate supply chains beyond direct fuel costs. Energy shocks now spread rapidly through electricity-dependent systems including manufac…
freepressjournal.inGlobal Oil Inventories Fall at Record Pace as Conflict Disrupts Hormuz Strait
Global oil stockpiles have fallen by 4.8 million barrels per day from March 1 to April 25 as the ongoing conflict has throttled flows through the Strait of Hormuz since late February. The drawdown has pushed visible stocks near their lowest levels since 2018, with analysts warnin…
thehindubusinessline.comIran Delays Response to US Proposal on Reopening Strait of Hormuz
Iran has not yet replied to a US proposal aimed at ending 10 weeks of conflict and restoring shipping through the Strait of Hormuz in exchange for sanctions relief. President Trump warned that the US could pursue another path if Tehran rejects the deal. Iranian state media has ca…
France 24U.S. and Iran Exchange Proposals to Extend Ceasefire
President Donald Trump dismissed Iran's counterproposal to end the 10-week war that began Feb. 28, calling it totally unacceptable hours after Tehran delivered its reply through Pakistani mediators. The response came as Russian strikes wounded at least nine people in Ukraine on t…
nbcnews.comIsrael’s UN Ambassador Criticizes UK and France Over West Bank Settler Demands
Israel’s Ambassador to the UN Danny Danon described demands by the UK and France for Israel to halt settler attacks and land seizures in the occupied West Bank as disappointing but not surprising. Danon posted the remarks on X, citing what he called a double standard on terrorism…
rte.ieOil Prices Rise Sharply After Naval Clash Between U.S. and Iranian Forces in Strait of Hormuz
Brent crude rose 2.26% to $102.32 per barrel and WTI gained 2.06% to $96.76 after the U.S. and Iran traded attacks in the strategic waterway. President Donald Trump described the strikes as "just a love tap" while warning of further action if Iran rejects a nuclear deal. Markets…
nbcnews.comOil Prices Fall 7% This Week
Oil prices are set to close the week down 7 percent with Brent crude at $101 per barrel as traders weigh mixed signals from U.S.-Iran peace talks and continued attacks in the Middle East. Iran seized one of its own tankers and a Chinese-owned vessel came under attack off the UAE…
thehindubusinessline.comOil Futures Pare Losses With Brent Above $100 After Iran Rejects U.S. Proposal
Oil futures recovered from earlier losses on reports that Iran rejected a U.S. proposal regarding the Strait of Hormuz as unrealistic. Brent crude rose above $100 a barrel while U.S. crude turned positive. The market reaction followed the reported Iranian position on the waterway…
ForbesIran Still Reviewing Trump Peace Proposal as Oil Prices Drop Below $100 per Barrel
Iran has not responded to a U.S. proposal that would halt nuclear enrichment, lift sanctions and reopen the Strait of Hormuz. Parliamentary speaker Mohammad-Bagher Ghalibaf mocked the effort on X as "Operation Trust Me Bro failed" while oil futures dropped amid market optimism.
jpost.comTrump Cancels Project Freedom After Saudi Arabia Denies Airspace and Base Access
President Trump suspended the military escort operation for commercial ships in the Strait of Hormuz days after announcing it, following Saudi Arabia's decision to block U.S. use of its airspace and bases. The reversal came after a phone call with Saudi Crown Prince Mohammed bin…