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Summary US and Iran also agree to resume talks over Strait of Hormuz Middle East producers press ahead with loadings Brent crude fell 10.6% last week (Reuters) – Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with …
Oil Steadies as US and Iran Agree to Halt Attacks Read More »
By Stella Mackler US natural gas futures settled much lower in the final day of trading for the July contract as midday forecasts shifted to show cooler weather compared with overnight outlooks. Individual transactions moved the market more amid a drop-off in liquidity near expiry. Losses were likely limited as flows to liquefied natural gas …
US Natural Gas Drops on Cooler Outlooks as July Contract Expires Read More »
Summary Aramco resumes Ras Tanura oil loadings after four-month halt Strait of Hormuz loadings at highest level since war began Overall traffic remains a fraction of previous daily average (Reuters) – Crude prices plunged by more than 3% on Friday, on course for steep weekly losses, on easing supply concerns as more stranded oil tankers exited the …
Oil Set for Hefty Weekly Losses as Tankers Exit Strait of Hormuz Read More »
Summary Brent, WTI hit lowest since February 27 Goldman Sachs says no significant pick-up in Iranian production expected Iraq to consider all options if OPEC quota not raised, sources say Iraq also weighed OPEC exit, sources say (Reuters) – Oil prices fell on Thursday to levels last seen before the start of the Iran war …
Oil Touches Pre-War Levels on Rising Middle East Supply Read More »
Alaric Nightingale and Paul Burkhardt The US and Iran have committed to reopening the Strait of Hormuz, the world’s most important artery for shipping oil and natural gas, which has been largely blocked since the two countries went to war in February. However, returning traffic in the strait to prewar levels — if that day ever comes — …
Why Restoring Normal Traffic Through Hormuz Won’t Be Easy Read More »
Summary Brent, WTI back to early-March levels US-Iran 14-point agreement extends April ceasefire for 60 days Market fundamentals expected to remain tight Ukraine hits Moscow refinery in major attack on Russian capital (Reuters) – Oil prices fell more than 1% on Thursday to their lowest since the first trading day of the Iran war, …
Oil Falls to Lowest Since Start of Iran War After Ceasefire Deal Signed Read More »
Summary Prices at three-month lows, but above pre-war levels Some analysts expect Hormuz flows to resume in several weeks U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf June 16 (Reuters) – Oil prices fell more than 2% on Tuesday to a fresh three-month low as markets weighed prospects for …
Oil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace Deal Read More »
Summary US, Iran to sign MOU on peace deal on Friday, Pakistan PM says Deal includes reopening of Strait of Hormuz Further talks on final agreement expected in next 60 days LONDON, June 15 (Reuters) – Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they …
Oil Hits 3-Month Low as US, Iran Reach Peace Deal to Reopen Strait of Hormuz Read More »
Summary Brent hits lowest level since early March, WTI at lowest since April Analysts say upside risks remain, seasonal demand could lift prices OPEC lowers 2026 oil demand growth forecast to 970,000 barrels per day, raises 2027 forecast HOUSTON, June 12 (Reuters) – Brent crude prices fell to their lowest levels since early March as …
Oil Falls to Lowest Since March on Expected Peace Deal Read More »
Summary Upside risks remain, seasonal demand could lift prices, analysts say OPEC lowers 2026 oil demand growth forecast to 970,000 bpd, raises 2027 demand growth LONDON, June 12 (Reuters) – Oil prices fell over 3% on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of …
Oil Falls to Near Two-Month Lows as Trump Calls Off Threatened Strikes on Iran Read More »
