Oil prices post weekly surge as Brent climbs 12% over two weeks on Hormuz impasse
Brent crude settled at $93.93 a barrel on Friday, capping a second straight weekly gain as the U.S. and Iran…
Brent Crude News
Latest Brent crude oil news — price movements, global supply factors, geopolitical risks and energy market analysis.
Brent Crude Oil
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China’s Five-Year Plan Targets Peak Oil While Boosting Gas Storage
China's new five-year energy plan sets 2030 targets for natural gas storage and import capacity while calling for the country…
Goldman Sachs: Iran Oil Blockade, Not Sanctions, Explains Muted Crude Prices
Oil prices barely moved when the US Treasury announced new Iran sanctions on August 20, 2026. Goldman Sachs says a…
Iran claims full control of waters east of Strait of Hormuz as Oman deal odds slide
Iran's navy commander says Tehran now holds complete control over waters east of the Strait of Hormuz and the Gulf…
US Rig Count Falls to 588 as Oil Prices Climb
The U.S. rig count dropped to 588 this week, according to Baker Hughes, with oil and gas rigs both pulling…
