A fresh tanker hit in the Strait of Hormuz barely dented oil prices this week, as traders bet on a possible Iran Oman shipping corridor despite thinning traffic through the…
Holly Herrera3 min read
Russian crude is piling up at sea as Ukrainian strikes cripple refineries, forcing Moscow to export more oil even as revenue shrinks and tanker gridlock spreads.
James Stephens3 min read
A record 81 million acre Gulf of Mexico lease sale drew almost no bidder interest, even as oil prices stay elevated amid the Iran conflict and shifting supply dynamics.
Edward Byrd3 min read
Oil prices surged as tanker traffic through the Strait of Hormuz hit a two month low, with a VLCC turning back under threat and analysts calling it the most dangerous…
Edward Byrd3 min read
OPEC just cut its oil demand forecast for the third month running, even as Gulf producers ramp output back up. Here is what that tug of war means for crude…
James Stephens3 min read
Hormuz tanker traffic has nearly stopped as Iran and the US trade strikes again, reversing weeks of recovering shipping and sending oil prices swinging. Here's what the data shows.
Holly Herrera3 min read
USO jumped over 4% as President Trump declared the Iran ceasefire dead and Tehran threatened to close the Strait of Hormuz, a chokepoint for a fifth of world oil supply.
Jake Fox3 min read