- — The Commodities Feed: Oil falls as Strait of Hormuz talks advance
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at 8/26/26 4:00amEnergy – Russia looking to extending diesel export ban Oil prices continue to retreat, with ICE Brent settling 3.89% lower yesterday and breaking below $90/bbl. This downward pressure continued in early morning Asia trading today. The catalyst appears to be positive signals from Persian Gulf talks. Following a visit to Tehran, Pakistani officials say they ...- — Crude Oil Inventories Surge, Defying Forecasts and Previous Trends
- at 8/26/26 4:00amThe American Petroleum Institute (API) released its latest data on U.S. crude oil inventories, revealing a significant increase that caught many market analysts by surprise. The actual change in crude oil stockpiles was reported at 4.200 million barrels. This figure starkly contrasts with the forecasted increase of 1.900 million barrels, indicating a much larger build-up ...
- — Iraq to set $15bln for stalled projects in 2027
- at 8/25/26 3:00pmIraq is planning to allocate 20 trillion Iraqi dinars ($15 billion) for stalled projects in its 2027 budget which does not include any new projects, the official gazette has reported. OPEC’s second largest oil producer is expected to issue its 2027 budget with a projected deficit of ID64 trillion ($49 billion) in anticipation its oil ...
- — Trump’s oil and gas stocks gained up to $15.5 million amid Iran war, congressional Democrats say
- at 8/25/26 3:00pmPresident Donald Trump’s oil and gas stock holdings may have gained as much as $15.5 million this year, as energy shares surged amid the Iran war, according to a new report from Democrats on Congress’ Joint Economic Committee. Trump reported owning between $12.5 million and $45.6 million in oil and gas stocks in his 2025 ...
- — Higher crude oil prices risk demand destruction, says Mirae Asset Sharekhan
- at 8/25/26 3:00pmGlobal crude oil markets are facing one of their most difficult phases in recent years. Brent is hovering near $90/bbl after a strong year-to-date rally of nearly 50 per cent, but the move is starting to look tired as high prices begin to hurt demand, especially across Asia. The market is now pricing a wider ...
- — Speculators hike net-long positions in Brent
- at 8/25/26 11:00amMoney managers and hedge funds have increased their net-long bets on ICE Brent futures in the week to 18 August. Speculators bought over 11,000 lots as of 18 August, increasing net-long positions in Brent futures to a little short of 252,000 lots. The surge in net-long positions marks the second consecutive week of rise. The ...
- — The Commodities Feed: Oil shrugs off Bessent’s ‘D-day’ plan for Iran
- at 8/25/26 4:00amEnergy EU gas prices continue to move higher Oil prices are steady this morning, holding onto yesterday’s losses after ICE Brent closed 2.35% lower. The market seems largely unfazed by Washington’s push for tighter economic pressure on Iran, with traders treating the US effort to nudge partners away from Iranian trade as marginal rather ...
- — Oil market bearish for crude, bullish for products, says TotalEnergies CEO
- at 8/25/26 4:00amThe global oil market shows different directions for crude oil and refined products, TotalEnergies SE Chief Executive Officer Patrick Pouyanne said today at the ONS conference in Stavanger, Norway. Crude shipments continue to move through the Strait of Hormuz without issues, but higher shipping costs have stopped all refined product flows through the waterway, Pouyanne ...
- — US Natgas Prices Decline
- at 8/25/26 4:00amUS natural gas prices fell to around $2.74/MMBtu on Tuesday, retreating after a two-day advance as strong production, ample inventories, and weaker LNG feedgas demand weighed on the market. Output in the Lower 48 states averaged a record 111.5 bcfd in August so far, up from 110.7 bcfd in July, adding to supply pressure as ...
- — Could Russia’s growing fuel crisis help end the Ukraine war?
- at 8/24/26 3:00pmEmpty pumps, long waits: Attacks on oil refineries have left Russia increasingly short of fuel. Dissident Russian economists say growing anger about shortages among ordinary Russians could help end the Ukraine war. Ukrainian attacks on oil refineries have triggered a new fuel crisis in Russia. Reuters news agency reports that at least 30 regions are ...
- — US rig count plunges
- at 8/24/26 3:00pmThe total number of rigs drilling for crude oil and natural gas in the US decreased by five to 588 units last week, according to Baker Hughes. The number of oil rigs declined by three over the week to 452, and gas rigs moved one unit lower to 127. There were also 9 miscellaneous rigs ...
- — Nigeria’s oil output wobbles after 10yrs of increase in rigs
- at 8/24/26 3:00pmThere are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production. Rig count, an important indicator of exploration and production activities, is generally expected to support higher crude oil output as operators drill new wells, maintain existing assets and develop additional reserves. But official records ...
- — Pakistan caps diesel crack, adopts Platts Dubai benchmark to set fuel prices
- at 8/24/26 3:00pmPakistan will strictly limit local refiners crack spread on domestic diesel sales to reduce the burden on consumers from elevated international prices and refining margins, while fully adopting Platts benchmarks to determine domestic fuel prices, according to a Ministry of Energy letter sent to the Oil and Gas Regulatory Authority on Aug. 21. Under the ...
- — Oil falls as Iran allows Iraqi tankers through Hormuz, easing supply concerns
- at 8/24/26 4:00amOil prices fell sharply on Monday as signs of improving traffic through the Strait of Hormuz eased concerns over Middle East supply disruptions, with Iran reportedly allowing some Iraqi oil tankers to pass through the key waterway. Separately, the New York Post reported that shipping through Hormuz had increased substantially over the past two weeks, ...
- — 5 ways the Middle East crisis has changed APAC upstream
- at 8/24/26 4:00amWith over 80% of oil and gas exports from the Middle East normally destined for the Asia-Pacific region, the chokepoint in the Strait of Hormuz has revealed a key vulnerability. So, how are Asian countries adapting, and what does it mean for the region’s upstream sector? Wood Mackenzie’s regional experts have leveraged data from a ...
- — UK Natural Gas Falls but Remains Near Recent Highs
- at 8/24/26 4:00amUK natural gas prices fell to 161 pence per therm on Monday but remained near multi-year highs, as investors awaited details of a US plan to economically isolate Iran that could further disrupt energy supplies from the Persian Gulf. Treasury Secretary Bessent is scheduled to hold a press conference later today and has threatened to ...
- — Oil majors pile in on Americas projects to plug production gap
- at 8/23/26 3:00pmThe worlds major oil companies are sharpening their focus on Americas oil and gas projects and tightening their belts for future price volatility as the Middle East war continues to stifle production. Global energy producers continued to enjoy a surge in profits in the second quarter of 2026 as the US-Iran conflict continued to disrupt ...
- — Equinor and ORLEN strengthen energy partnership with crude oil agreement
- at 8/23/26 3:00pmEquinor has signed an agreement with Poland’s ORLEN for the sale of crude oil from the Johan Sverdrup field on the Norwegian continental shelf. The agreement will run for three years from the beginning of September. Annual supplies under the agreement will be from 5 million tonnes to over 9 million tonnes. Further commercial terms are ...
- — Oil prices post weekly surge on Hormuz impasse, Brent now up 12% over two weeks
- at 8/23/26 3:00pmOil prices surged for a second straight week on Friday, as the U.S. and Iran remained at an impasse over control of the Strait of Hormuz and President Donald Trump said he would significantly escalate economic warfare against Iran. Traders are looking ahead to Monday for more details on what U.S. Treasury Secretary Scott Bessent ...
- — Oil Holds Near Highs as Iran Conflict Uncertainty Persists
- at 8/23/26 3:00pmCrude oil was little changed around $94 a barrel on Friday, as investors assessed signs that Iran may be seeking an end to the conflict with the US. Iranian President Masoud Pezeshkian said Tehran would prefer to conclude the war while it remains in a position of strength, describing the existing memorandum with Washington as ...
- — Chevron advances its strategic exploration program with discovery in Angola’s Block 0
- at 8/21/26 3:00pmChevron Corporation (NYSE: CVX) by its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), today confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola. The well, drilled in the prolific Lower Congo Basin, encountered an oil and gas condensate column of more than 600 meters (2,000 feet) in ...
As of 8/26/26 10:36am. Last new 8/26/26 4:57am.
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