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(Reuters) – Global crude prices have fallen back towards $80 a barrel on expectations that a U.S.-Iran dealwill reopen the Strait of Hormuz, echoing the market response before the largely failed mid-June ceasefire. But the global energy market is now far more precarious, making traders’ optimism even less justified. Brent crude oil has tumbled from …
Oil Traders Double Down on Iran Deal Bet as Odds Worsen: Bousso Read More »
Summary Brent up 24% in July, WTI rises 21% Two very large crude carriers exit Strait of Hormuz Twenty-nine commodity vessels transited Bab el-Mandeb strait on Thursday Reuters poll says Brent crude to average $85.22 per barrel in 2026 (Reuters) – Oil prices closed more than $1 per barrel higher on Friday, ending July with …
Oil Prices Settle More Than 1% Higher, Log Strongest Month Since March Read More »
By Ahmed Tolba, Nafisa Eltahir and Yasmine Ghania Revolutionary Guards say two ships hit, four turned back No confirmation available for the report Two large tankers and two commodities vessels transit Hormuz Iran denies involvement in strike on Egyptian port London’s marine insurance market widens ‘high risk’ Red Sea zone CAIRO/DUBAI, July 31 (Reuters) – …
Oil Price Rises After Iran Says it Stops Ships in Hormuz Read More »
Trump pauses attacks to allow more time for diplomacy, US ambassador says Trump threatens strong military action if talks with Iran fail Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting terminal closure, source says NEW YORK, July 27 (Reuters) – Oil prices fell on Monday, settling …
Oil Prices Settle at Lowest in Over a Week, as US Pauses Attacks on Iran Read More »
(Reuters) – U.S. natural gas futures slid about 4% to an 11-week low on Monday on record output, lower flows to liquefied natural gas export plants, and ample amounts of gas in storage. Front-month gas futures for August delivery on the New York Mercantile Exchange fell 10.4 cents, or 3.6%, to settle at $2.767 per …
US Natural Gas Prices Fall 4% to 11-Week Low on Record Output Read More »
Brent, WTI fall by more than 5% before paring losses Trump vows to punish Iran for Houthi Red Sea attacks Strait of Hormuz tanker crossings subdued HOUSTON, July 24 (Reuters) – Crude oil futures prices were more than 4% lower on Friday after sources said that China had initiated a push to resume stalled peace …
Oil Falls on Report China Pushing for End US-Iran War Read More »
By Siddharth Cavale Brent closes above $100 a barrel for first time since May 22 Houthis say they attacked Saudi tankers in the Red Sea Trump vows “major military punishment” for Iran and its Houthi allies NEW YORK, July 23 (Reuters) – Oil prices settled above $100 on Thursday for the first time since May …
Oil Settles Over $100 as Houthi Attacks Intensify Middle East Supply Risks Read More »
(Reuters) – Goldman Sachs maintained on Thursday its Brent crude forecast of $80/barrel for the fourth quarter of 2026, saying lower Middle East supply should support prices if tensions between the United States and Iran ease by year-end. The investment bank said its forecast reflects price support from lower Middle East output in the second …
Goldman Sachs Maintains Brent Forecast of $80/barrel for Fourth Quarter of 2026 Read More »
(Reuters) – Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and Gulf output only fully recovers by the end of 2027. Oil prices softened on Tuesday, with markets …
Goldman Sees Brent Exceeding $120/bbl in Q4 if Hormuz Disruptions Persist Read More »
By Arathy Somasekhar Mediators propose 10-day ceasefire to revive Iran-U.S. interim deal, says Iranian official Brent and WTI benchmarks earlier hit more than one-month highs Iran’s Guards say two oil tankers immobilised in Strait of Hormuz Houthis say they are imposing a naval blockade on Saudi Arabia HOUSTON, July 20 (Reuters) – Oil prices settled …
Oil Settles 1% Higher as Hopes of Renewed US-Iran Negotiations Offset Houthi Threat Read More »
