Topic
Oil supply
37 stories related to this topic, newest first.
insurancejournal.compolitics23 hrs ago
Oil Supply Through Strait of Hormuz Remains at One-Third of Pre-War Levels
Oil shipments through the Strait of Hormuz continue at roughly one-third of pre-war volumes. Market pricing reflects an expected surplus despite the reduced flow.
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news.google.comfinance13 days ago
U.S. releases 9.1 million barrels from petroleum reserves in one week
Officials placed approximately 9.1 million barrels of oil from government reserves onto the market last week. The weekly volume equals roughly 1.3 million barrels per day and ranks as the second-largest single-week release on record.
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ecns.cnfinance16 days ago
Philippines Moves to Formalize Long-Term Russian Oil Supply Deal
President Ferdinand R. Marcos said the country is establishing a system for a permanent Russian oil agreement after importing its first ESPO cargo in six years.
activistpost.comfinance19 days ago
Traders Say Actual Oil Supply Loss From Hormuz Closure Lower Than Early Estimates
Traders now assess that the volume of oil supply lost after the Strait of Hormuz closure was smaller than initial reports of more than 10 million barrels per day. Alternative export routes and reduced Chinese imports helped limit the shortfall.
sabcnews.comfinance22 days ago
India Limits Retail Fuel Sales for 90 Days
India limited gasoline and diesel purchases at retail stations and banned commercial buyers from those outlets. The measures respond to reduced crude imports after Middle East supply routes were disrupted.
rte.iefinance24 days ago
Japan Secures Alternative Crude Supplies Equal to July Consumption
Officials reported that Japan has obtained alternative crude oil volumes matching expected July demand. The supplies will reach the country without transiting the Strait of Hormuz.
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upi.comworld33 days ago
South Korea Extends Crude Oil Swap System With Private Firms Until End of June
The government extended its crude oil swap arrangement with refiners through June 30. The system allows temporary use of state reserves to maintain domestic fuel supplies amid shipping uncertainties in the Strait of Hormuz.
freepressjournal.infinance38 days ago
Global Oil Inventories Near Minimum Operational Levels
Oil stocks in Asia have reached minimum operational levels while Europe is approaching the same threshold. Industry advisor Jeff Currie described the supply situation in Singapore during an industry event this week.
activistpost.comfinance39 days ago
Global Sovereign Bond Yields Rise After Strait of Hormuz Disruption
Sovereign debt markets saw yields increase last week after the Strait of Hormuz faced restrictions affecting oil transit. Countries reliant on oil imports reported widening trade deficits and considered selling reserves or issuing new debt.
pymnts.comfinance39 days ago
Dallas Fed President Says Oil Consumption Would Fall If Hormuz Shipping Stays Restricted
Dallas Federal Reserve President Lorie Logan said global oil and natural gas use may fall if the Strait of Hormuz does not reopen soon. Iran has limited shipping through the strait for three months amid the U.S.-Israeli conflict with Iran.
al-monitor.comfinance41 days ago
Malaysia Secures Fuel Supply Through End of July
Malaysia's state energy firm Petronas assured the economy ministry that fuel stocks will last through July. Economy Minister Akmal Nasir said power reserves can meet current electricity demand.
Fox Newspolitics41 days ago
Gas Prices Rise as Conflict Affects Oil Shipments Through Strait of Hormuz
Gasoline prices increased following developments in the Iran conflict. Officials stated the price spike would be temporary. The average price per gallon in the United States remained lower than in France and the United Kingdom.
The Independentworld41 days ago
UK Energy Price Cap Expected to Rise £209 from July
Ofgem will announce the new energy price cap for July to September on Wednesday. Forecasts show an increase of £209 for a typical dual fuel household.
risk.netfinance43 days ago
Hedge Funds Increase Short Positions in Brent Crude
Money managers more than doubled bearish bets on Brent crude over seven weeks. The increase coincides with expectations that the Strait of Hormuz blockade may ease.
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rte.iepolitics43 days ago
U.S. Gasoline Prices Remain Elevated After Iran Conflict
National average gasoline prices reached $4.55 per gallon as of May 22. The increase follows the closure of the Strait of Hormuz during the third month of the U.S.-Iran conflict.
Al Jazeeraworld44 days ago
Venezuela to Discuss Oil Sales with India Next Week
Venezuelan Acting President Delcy Rodriguez is scheduled to visit India to discuss oil sales. The trip follows increased Venezuelan crude shipments to India amid supply disruptions from the Strait of Hormuz.
marketwatch.comfinance44 days ago
30-Year Treasury Yields Rise to Highest Levels Since 2008
Yields on 30-year U.S. Treasury bonds have climbed to levels last seen during the 2008 financial crisis. Economist Chris Martenson stated that global oil supply has declined by 13 million barrels per day.
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newser.comworld45 days ago
Average U.S. Gas Price Exceeds $4 in Every State
The national average reached $4.56 per gallon on May 20. Prices rose after the closure of the Strait of Hormuz amid the war in Iran.
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thehindubusinessline.comfinance45 days ago
Hormuz Crisis Disrupts 20 Percent of Global LNG Flows and Over 1 Billion Barrels of Crude
Roughly one-fifth of global LNG flows and more than 1 billion barrels of crude oil supply have been disrupted since March. The International Energy Agency reported that world oil supply this year will be 3.9 million barrels per day lower than last year.
financialpost.comworld46 days ago
Suppliers Limit Motor Oil Ingredient Deliveries
Two major suppliers have reduced shipments of a key ingredient for high-end motor oil to minimal levels. The reductions follow ongoing effects from the Iran conflict on a specialized segment of the crude oil market.
foxnews.comworld47 days ago
Crude Oil Shipments Rerouted Around Africa as Hormuz Supply Concerns Rise
Countries are directing crude oil tankers on longer routes to offset potential supply shortfalls from the Strait of Hormuz. MarketWatch reported that shipments are traveling around Africa to maintain global oil flows.
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activistpost.comfinance48 days ago
Strait of Hormuz Blockade Cuts Middle East Oil Supply by 782 Million Barrels
The Strait of Hormuz remains almost completely blocked amid the conflict involving the United States, Israel, and Iran. Kpler reported cumulative Middle East oil supply losses of 782 million barrels as of May 8, with losses projected to reach 1 billion barrels by the end of May.
thehindubusinessline.comfinance51 days ago
U.S. to Replenish Oil Released From Strategic Petroleum Reserve
The U.S. will replace every barrel of oil drawn from the Strategic Petroleum Reserve, officials said at an event in Sabine Pass. Energy Secretary Chris Wright made the commitment while speaking about reserve policy. The statement follows earlier announcements regarding releases f…
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english.radio.czfinance53 days ago
Declining Diesel and Jet Fuel Supplies Strain Global Trade
Supplies of distillate fuel oil, used as diesel and jet fuel, are declining and affecting long-distance transportation. The shortage is impacting military logistics in the Middle East amid the Iran conflict. An upcoming meeting between President Trump and President Xi in Beijing…
world57 days ago
Strait of Hormuz Closure Drives Up Global Petrol, Food and Energy Prices
The closure of the Strait of Hormuz has caused increases in prices for petrol, food and energy bills around the world. Energy and climate policy expert Robert Palmer said the situation should accelerate the shift toward renewable energy sources. The waterway is a critical route f…
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New York Postfinance57 days ago
Jet Fuel Prices Rise After Iran Conflict
The ongoing war with Iran and blockade of the Strait of Hormuz have disrupted global energy supplies, pushing Brent crude to average $100 per barrel since late February. Refiners have prioritized jet fuel production, reducing output of gasoline and diesel. JPMorgan analysts warne…
Los Angeles Timesworld58 days ago
Shipping Fuel Costs Rise Sharply at Los Angeles and Long Beach Ports
The cost of marine fuel at the ports of Los Angeles and Long Beach is nearly 20 percent higher than at other major ports worldwide and has risen faster since the war in Iran began. Shipping companies are adding fuel surcharges, slowing vessel speeds and passing higher costs to cu…
thehindubusinessline.comfinance59 days ago
Shell CEO: Conflict Has Removed 12% of Global Crude Supply
Shell CEO Wael Sawan appeared on CNBC's 'Money Movers' to discuss the company's latest earnings results and the impact of the US-Iran war on global energy supplies. He highlighted that 12 percent of the world's crude has been taken off the market and noted the differential effect…
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The Guardianworld60 days ago
U.S. Average Gas Price Rises to $4.56 per Gallon
The national average price of regular gasoline climbed sharply over the past week to $4.56 per gallon, the highest level in four years, driven by the ongoing closure of the Strait of Hormuz. In California, prices exceeded $6 per gallon with one county reaching $7.28.
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japantimes.co.jpfinance62 days ago
Russian Oil Tanker from Sakhalin Island Arrives in Japan Today
A tanker carrying crude oil from Russia's Sakhalin-2 project is scheduled to arrive in Japan on May 4, 2026. The project is exempt from sanctions due to its importance for Japan's energy supply, with Japanese companies holding stakes. The buyer, Taiyo Oil, purchased the cargo fol…
rigzone.comfinance62 days ago
Middle East Oil Supply Drops by One Million Barrels Amid Ongoing Conflict and Global Inventory Decline
The ongoing Iran War has resulted in a one-million-barrel loss in Middle East oil supply, according to reports. Global crude inventories are undergoing a dramatic drawdown, yet oil prices have not yet reflected the war's impact. ANZ analyst Daniel Hynes stated that this inventory…
citizen.co.zafinance70 days agoUpdated
Economic Risks of Prolonged Strait of Hormuz Closure
Financial and energy experts have warned that a prolonged closure of the Strait of Hormuz could lead to global recession and stagflation. Oil inventories are depleting rapidly, potentially reaching record lows even if the strait reopens soon. A major oil services company indicate…
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investopedia.comfinance73 days ago
IEA Reports 10 Million Barrels per Day Oil Supply Loss from 2026 Iran War
The International Energy Agency has confirmed a loss of 10 million barrels per day in oil supply due to the 2026 Iran war. This exceeds the 5 million barrels per day disruption from the 1973 OPEC embargo. The Federal Reserve had planned interest rate cuts for this year, but those…
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Substrate placeholder — needs reviewfinance74 days ago
Russia Agrees with Kazakhstan to Halt Druzhba Pipeline Oil Deliveries to Germany
Russia plans to redirect oil supplies originally destined for Germany through the Druzhba pipeline. The move follows Germany's rejection of Russian oil and an agreement with Kazakhstan on halting transit. Russian official Alexander Novak outlined the diversion strategy.
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wwd.comfinance80 days ago
IEA Warns Europe Faces Jet Fuel Shortage in Six Weeks Amid Iran War
The International Energy Agency has warned that Europe could run out of jet fuel in about six weeks due to supply disruptions from the ongoing Iran war. This could lead to flight cancellations if alternative supplies are not secured. Jet fuel prices in Europe have more than doubl…
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+11Substrate placeholder — needs reviewfinance84 days ago
CEOs of Top US Oil Companies Warn of Energy Crisis from Strait of Hormuz Closure
CEOs of America's three largest oil companies have stated that a continued closure of the Strait of Hormuz could lead to a worsening energy crisis. The warning highlights potential disruptions to global oil supplies. The statement was reported by sources to the Wall Street Journa…
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Substrate placeholder — needs reviewfinance86 days ago
German Economy Ministry Confirms No Oil Supply Shortage After Reserves Release
A spokesperson for the German Economy Ministry stated that there is no current shortage in oil supply. The ministry noted that part of the oil reserves released earlier remain unused. This update addresses concerns over energy availability in Germany.
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