crude oil
6 articles
Oil Falls to Pre-War Levels as Markets Price a Hormuz Deal
Crude erased its war-risk premium Thursday, falling to pre-conflict levels — a market bet that the Versailles framework delivers a deal before IRGC enforcement resumes.
China Delays 500,000 Bpd of Refining as Hormuz Disruption Deepens
Chinese refiners have pushed back roughly 500,000 barrels per day of new processing capacity as Strait of Hormuz disruptions from the Iran-Israel war squeeze crude supply.
Oman Oil Terminal Blast Halts Crude Loading
A drone attack on Oman's Mina Al Fahal terminal halted crude oil loadings and pushed Brent above $95, signaling regional instability is spreading beyond the Iran-US corridor.
Iran Oil Exports Crash to Six-Year Low Under US Blockade
Iran's crude exports fell to 209,000 barrels per day in May, down 84 percent from April, as the US naval blockade chokes off shipments and strands tens of millions of barrels at sea.
US Crude Exports Hit Records as SPR Drawdowns Cool Brent
US crude exports have surged to all-time highs and SPR releases keep flowing as Brent eases off recent highs on rising bets that a Hormuz deal is near.
Satellite Images Show 45 km² Oil Slick Near Kharg Island
Copernicus Sentinel data shows a suspected 45-square-kilometer oil slick off Iran's Kharg Island, which handles 90% of the country's crude exports. Iran denies the spill.