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By Wa Lone and Shariq Khan TORONTO, May 7 (Reuters) – Global energy markets are headed into ‘troubled waters’ as the Iran war continues to knock out millions of barrels of oil each day, Fatih Birol, head of the International Energy Agency, said on Thursday at a conference in Toronto. His comments come as Brent …
Energy Markets Headed Into ‘Troubled Waters’ Amid Iran War, Head of IEA Says Read More »
By Siddharth Cavale US considers restarting escorts for commercial vessels through Strait of Hormuz, WSJ says Analysts warn prices could rebound if conflict escalates again Iran’s oil production likely down by around 400,000 bpd – US energy secretary Chris Wright Brent, WTI futures turn positive in extended trading after Iran reports explosions NEW YORK, May …
(Reuters) – A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by U.S. President Donald Trump, according to traders, market experts and Reuters analysis of exchange data. The …
Oil-Price Bets Ahead of Iran War News Totalled $7 Billion, Reporting Shows Read More »
May 4 (Reuters) – Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted. Oil prices jumped about 6% on Monday after Iran hit several ships in the Strait of …
Goldman Says Global Oil Stocks Approaching Eight-Year Low, Depletion Speed a Concern Read More »
Iran sends peace talks proposal to Pakistani intermediaries Brent crude and WTI on track for strong weekly gains UAE official says unilateral Iranian arrangements for Hormuz cannot be trusted HOUSTON, May 1 (Reuters) – An Iranian proposal on negotiations with the U.S. sent crude oil futures diving on Friday, but prices remained on track for …
Crude Futures Fall on New Iran Proposal for Peace Talks Read More »
(Reuters) – Energy prices are expected to surge by 24% in 2026 to their highest level since Russia’s full-scale invasion of Ukraine four years ago, if the most acute disruptions caused by the war in the Middle East end in May, the World Bank said on Tuesday. Commodity prices could rise even further if hostilities …
World Bank Forecasts 24% Surge in Energy Prices in 2026 Due to Middle East War Read More »
Citi raised its outlook for average Brent crude prices for the rest of 2026 late on Sunday, warning prices could surge to $150 a barrel if oil flows through the Strait of Hormuz remain disrupted through the end of June. The bank lifted its base-case forecast for Brent to $110, $95 and $80 a …
Citi Raises Brent Forecast for 2026; Sees $150 Oil if Hormuz Disruption Persists Read More »
(Reuters) – U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas Fed survey. The survey collected data from April 15 to April 20 from 120 oil and gas firms, of which 78 were exploration and production …
US Oil Executives Expect Crude Output to Rise as Iran War Continues, Survey Shows Read More »
(Reuters) – Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran on Tuesday. It is the third time this month, and the fourth in total, that large, well-timed directional bets on the oil …
Traders Place $430 Million Bet on Lower Oil Price Before Trump Ceasefire Extension Read More »
By Georgina Mccartney Brent and WTI crude make largest daily drops since April 8 US-Iran negotiations progress, according to media report US military blockade of Iran remains in effect HOUSTON, April 17 (Reuters) – Oil prices settled down by around 9% on Friday after Iran said passage for all commercial vessels through the Strait of …
Oil Settles Down 9% After Iran Declares Strait of Hormuz Open Read More »
