Diesel prices climb toward 2022 record as Iran conflict squeezes global refining capacity
Diesel prices are closing in on their 2022 record as the Iran conflict knocks global refining capacity offline. Hedge funds…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
US Crude Oil
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Iran’s Pezeshkian calls for end to war with US, splitting with hardliners
Iranian President Masoud Pezeshkian called for ending the war with the United States, breaking with hardliners who want to keep…
U.S. military says it aided passage of 660 million barrels of oil through Strait of Hormuz since May
U.S. Central Command has helped tankers move more than 660 million barrels of crude oil through the Strait of Hormuz…
Equinor Secures Three-Year Crude Deal to Supply ORLEN’s European Refineries
ORLEN has signed a three-year deal to buy Norwegian crude from Equinor, with volumes reaching over nine million metric tons…
WTI Crude Rallies 5.91% as Iran Ceasefire Collapses and Hormuz Traffic Stays Restricted
October WTI crude futures gained 5.91% this week to $86.31 as the Iran ceasefire expired and Strait of Hormuz shipping…
