Why More Venezuelan Oil Won’t Solve America’s Gasoline Problem
Venezuela has the largest proven oil reserves in the world, and its heavy crude is particularly well suited…
Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil
Rodriguez added that the agreement’s target of 1.5 million bpd was only an initial goal and that the…
Global Oil Security Looks Shakier as Conflicts Hit 45 Million Bpd of Supply
Almost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported…
Norway’s Oil Output Falls Nearly 200,000 Bpd as Gulf Supply Crisis Drags On
Norway’s crude oil production averaged 1.776 million barrels per day in July, according to preliminary figures from the…
Hormuz Attacks Push Oil Toward $100 Despite US Crude Build
Brent heads toward a 5% weekly gain as stalled US-Iran talks and Hormuz attacks push oil prices toward…
EIA Sees 600,000 Bpd of Middle East Oil Still Offline by End-2027
The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the…
Inside the U.S.–Israel–Saudi Plan to Cut Iran Out of Global Oil
Whatever officially occurs next in the on-again/off-again negotiations towards a peace deal between the U.S. and Iran, unofficially…
Iran Says Hormuz Will Stay Closed Until U.S. Meets Its Conditions
Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war…
Brent Could Hit $100 as Hormuz Crisis Flares Again
Hormuz tensions are flaring again as Iranian exports collapse, pushing Brent toward $87 and raising the risk of…
Oil Traders Stay Bearish Despite Deepening Middle East Disruptions
Despite continued hostilities in the Middle East and an expansion of the war to the Red Sea, oil…
Saudis Push Maritime Coalition as Oil Finds Support
Brent is set for an 8% weekly loss, but ongoing disruptions in the Strait of Hormuz and the…
Higher-For-Longer Oil Scenario Is Here To Stay
Oil prices have been on a climb for over a week now as hostilities in the Middle East…