oil
22 stories related to this topic, newest first.
CnbcStock futures little changed as indexes open June near record highs
U.S. stock futures traded nearly flat Sunday night ahead of the June open. Major indexes finished May with gains after the U.S. and Iran agreed to extend a ceasefire.
foxbusiness.comOil Market Risk Premium Declines as U.S.-Iran Conflict Eases
Crude prices have begun to fall as traders reduce the geopolitical risk premium. Physical supply chains, however, continue to operate below pre-conflict levels.
thenarwhal.caTrans Mountain Pipeline Plans Additional Capacity Expansion
Trans Mountain Corp. will seek buyers for 72,000 barrels per day of new capacity on its Alberta-to-coast crude pipeline. The operator also plans to raise throughput by 90,000 barrels daily using chemical additives.
riotimesonline.comGlobal Oil Market Projected to Stay Undersupplied Through Late 2026
The global oil market is expected to remain short of supply until the fourth quarter of 2026. A pre-crisis surplus is cushioning current disruptions, but rebuilding stocks may keep balances tight beyond this year.
forbes.comMoody’s Affirms Pemex Ratings After Cutting Mexico Sovereign Rating
Moody’s kept Pemex at B1 with a stable outlook on Friday after lowering Mexico’s sovereign rating one notch above junk. The agency cited expected government support for the state oil firm despite its financial and operational shortfalls.
forbes.comDow Closes at Record 50,579 as S&P 500 Extends Weekly Gains
U.S. stock indexes posted gains while oil prices remained elevated and consumer sentiment reached a record low. Brent crude settled above $103 a barrel amid supply concerns in the Strait of Hormuz.
indiatoday.intoday.inGlobal Stocks Reach Records as Oil Falls on Iran Deal Signals
U.S. equity futures rose and several global indexes hit record highs Monday after senior U.S. officials said the United States and Iran were nearing an agreement to reopen the Strait of Hormuz. Crude oil prices dropped more than 5 percent while the dollar weakened against other m…
Al JazeeraChina, India Increase Brazilian Crude Imports After Hormuz Disruptions
China and India increased purchases of Brazilian oil between January and May 2026 as shipping through the Strait of Hormuz faced continued restrictions. Data from Kpler showed average daily imports from Brazil rising to 1.8 million barrels.
Gold Prices Rise as Dollar and Oil Ease on U.S.-Iran Deal Prospects
Spot gold rose 1.1 percent to $4,559.07 per ounce on Monday. U.S. gold futures for June delivery gained 0.8 percent to $4,559.80.
naturalnews.comChina Oil Stockpiling Draws Attention as Market Data Gap Widens
China's crude oil purchases have increased while its strategic petroleum reserve remains largely opaque. Analysts note that this activity creates uncertainty in global oil market models.
rediff.comTankerTrackers Clarifies Kharg Island Tanker Activity
TankerTrackers stated that two small Handymax tankers loading crude oil at Iran's Kharg Island are delivering to domestic refineries. The clarification addresses social media reports about the loadings.
foxtrotalpha.jalopnik.comU.S. Refineries Boost Jet Fuel Production
U.S. refineries are producing jet fuel at record levels while reducing output of diesel and gasoline. The shift occurs as global supply constraints affect multiple transport fuels ahead of peak summer demand.
zerohedge.comNigeria Urged to Seek New Crude Buyers After UAE Leaves OPEC
Nigeria's oil producers have been advised to find new export markets following the United Arab Emirates' departure from OPEC. The move is seen as disrupting the cartel's long-standing production balance.
raskmedia.com.auGlobal Oil Stocks Declined 250 Million Barrels in March and April
Observed global oil inventories fell by 250 million barrels over March and April. The decline averaged 4 million barrels per day and coincided with supply losses tied to the near-closure of the Strait of Hormuz.
raskmedia.com.auIEA Releases Global Energy Review 2026
The International Energy Agency published its Global Energy Review 2026 covering trends in oil, natural gas, coal, electricity demand, solar and wind power, and nuclear energy. The report examines worldwide energy production and consumption patterns.
foxnews.comTrump Considers Sanctions on Chinese Firms Importing Iranian Oil
President Trump said he will make a decision within days on whether to lift sanctions on Chinese oil companies that purchase Iranian crude. The comments come amid ongoing U.S. efforts to curb Iran's oil exports. Trump did not specify the direction of his impending decision.
rigzone.comEIA Releases May Short-Term Energy Outlook
The U.S. Energy Information Administration published its May Short-Term Energy Outlook on Wednesday. The agency also announced that its new quarterly Global Energy Security Dataset will be released on Thursday. The dataset will include information on global strategic petroleum re…
finance.yahoo.comUS Stocks Fall From Record Highs
US stocks retreated Thursday from the previous session's record highs as investors awaited developments in the Middle East. The pullback came amid volatile oil prices and mixed signals from the U.S. and Iran on renewed peace talks. Markets showed caution over the prospects for a…
benzinga.comS&P 500 and Nasdaq Close at Record Highs
The S&P 500 and Nasdaq closed at record highs on May 6, 2026, as oil prices declined. ADP reported private payrolls rose by 109,000 in April, exceeding expectations. Executives from AMD and Uber discussed demand for AI agents and long-term business strategy in quarterly updates.
citizen.co.zaFormer Nigerian Vice President Warns Against Depleting Reserves to Support Currency
Former Vice President Atiku Abubakar stated that Nigeria's external reserves have declined by about $1.57 billion since March, despite an oil windfall of 5 trillion naira. He urged the government to stop using reserves to prop up the naira and instead invest in structural reforms…
news.google.comU.S. Oil and Gas Reserves Declined 1% in 2024, with Alaska Seeing Increases
Alaska saw gains in proved reserves of crude oil, lease condensate, and natural gas in 2024, according to recent data. Nationwide, U.S. reserves for these resources decreased over the same period. The figures highlight contrasting trends between the state and the broader country.
Substrate placeholder — needs reviewUS Oil ETF Sees $900 Million Outflows in April Amid 2% Gains
Investors have pulled $900 million from the United States Oil ETF (USO) so far in April 2026, positioning it for the largest monthly outflow since 2009. The ETF has still risen 2% month-to-date. The moves reflect profit-taking in the oil trade, according to market data.