Saudi Arabia has sold almost 100 million barrels of crude to Asian refiners as pipeline repairs continue. The shipments through the Strait of Hormuz are helping sustain supply and limit…
Jake Fox2 min read
Tanker traffic through the Strait of Hormuz hit a five week low after fresh U.S. strikes on Iran and Tehran's retaliation, pushing ships back into dark mode transits.
Jake Fox3 min read
Protesters storm Libya's Mellitah Oil and Gas complex, threatening exports to Italy, as crude prices hover near yearly highs amid fears of a fresh supply shock.
Jake Fox3 min read
Crude oil is climbing as a U.S. blockade cuts off Iranian exports, yet refined product markets suggest futures still aren't pricing in the full risk. Here's what's driving the move.
Jake Fox3 min read
Crude oil fund USO climbed 1.34% as Russian seaborne exports hit their lowest since May. Port strikes, refinery repairs, and tanker shortages are squeezing Black Sea and Baltic loadings alike.
Holly Herrera4 min read
Crude climbs as shippers abandon the Strait of Hormuz over renewed danger, forcing Japan to tap emergency reserves and hunt for oil far from its usual Middle East suppliers.
Jake Fox3 min read