Gas and oil retreat on profit-taking as Hormuz standoff and Europe’s drought tighten supply
European gas and oil prices pulled back on profit-taking after a sharp rally, but the retreat masks a tightening supply…
Brent Crude News
Latest Brent crude oil news — price movements, global supply factors, geopolitical risks and energy market analysis.
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Iran’s Basij chief declares control over Strait of Hormuz
Iran's paramilitary Basij chief has declared the Strait of Hormuz under Iranian control, a statement that has pushed market-implied odds…
Oil Eases as Weaker Demand Outlook Counters Mideast Supply Risk
Oil prices slipped on Thursday as a surprise build in U.S. crude stocks and weaker demand forecasts from OPEC and…
EIA Sees 600,000 Bpd of Middle East Oil Offline Through 2027 as Saudi Arabia Reroutes Exports
The U.S. Energy Information Administration expects about 600,000 barrels per day of Middle East oil production to stay offline through…
Oil prices swing as U.S. and Iran both claim control of Hormuz
Oil prices swung between marginal gains and losses on Wednesday as the U.S. and Iran each continued to claim control…
