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Summary Brent heads for weekly loss of more than 8% Cargo vessels could face fees under Iran draft plan Drone attacks reduce July CPC oil loadings by a fifth, sources say (Reuters) – Brent crude oil climbed more than $1 a barrel on Friday over ongoing uncertainty about the negotiations in progress that determine control …
Summary Benchmarks head for weekly losses of about 9% Cargo vessels could face fees under Iran draft plan US non-farm payrolls report due on Friday (Reuters) – Oil prices edged lower on Friday as investors weighed signals that Gulf states and Iran were closing in on a deal to reopen the Strait of Hormuz under …
Oil Prices Drop as Investors Weigh Potential Hormuz Deal Between Iran, Gulf States Read More »
by EnergyNow Guest Columnist President Donald Trump has repeatedly claimed that the United States does not need Canadian energy. Ahead of his May 6, 2025, meeting with Prime Minister Mark Carney, Trump wrote that the United States did not need Canada’s energy, automobiles or lumber and questioned why America should continue buying those products. It …
Summary Share of crude exports to Asia shrinks to 40% in July from 52% in June US refinery utilization averages about 96.3%, highest since 2018, EIA data shows August, September export volumes should top 4 million barrels per day, analyst says HOUSTON, Aug 3 (Reuters) – U.S. oil exports in July fell to 3.66 million …
US Oil Exports in July Fall to Lowest Level in Eight Months, Data Shows Read More »
Oil prices drop after Trump cancels attack on Iran to seek nuclear deal Summary Trump says US will hold off fresh Iran attack to reach quick deal OPEC+ agrees September oil output hike Brent and WTI jumped more than 20% last month Two tankers with Saudi crude left Red Sea over the weekend, data shows …
Oil Prices Drop After Trump Cancels Attack on Iran to Seek Nuclear Deal 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 »
Summary Brent and WTI on track for monthly rises Two VLCCs exit Strait of Hormuz, Bab el-Mandeb sees 29 commodity vessels transit ADNOC buys tankers as Red Sea, Hormuz crisis reshape oil trade Ukraine’s military says it hit Russia’s Volgograd oil refinery July 31 (Reuters) – Oil prices were steady on Friday and on track …
Oil Steady as Traders Assess Shipping Flows; Monthly Gains in Sight Read More »
Summary Adjusted earnings reach $12 billion, or $6.06 per share Chevron will maintain dividend and buyback range, CFO says Hess acquisition delivers $1.5 billion in deal synergies ahead of schedule HOUSTON, July 31 (Reuters) – Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the …
Chevron Records Highest Quarterly Profit in Six Years, Beating Analyst Estimates Read More »
Summary US military says it hit dozens of Iran’s IRGC targets Oil tankers planned for loading at CPC terminal are heading away from Black Sea after strikes Drone strike on Lukoil refinery causes fire, damages distillation unit, sources say Brent and WTI rose more than $1 earlier in the session July 30 (Reuters) – Oil …
Oil Edges Down in Choppy Trading Amid Oman-Iran Talks, US-Iran Tensions Read More »
Summary Trump pauses attacks to allow more time for diplomacy, US ambassador says Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting terminal closure, source says (Reuters) – Oil prices tumbled 7% on Monday, hitting a one-week low, after the U.S. and Iran paused strikes over the weekend following …
Oil Prices Hit One-Week Low After US, Iran Pause Fighting Over Weekend Read More »
