OilPrice.com

Japan is readying a $10-billion financial support package for Southeast Asian economies to help them procure crude oil amid the supply shock from the Middle East, Japanese news outlet NHK...

Iran may halt its own oil shipments through the Strait of Hormuz for several days.Tehran is weighing a short-term pause to avoid testing the U.S. naval blockade just days before another round of...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose 6.10 million barrels in the week ending April 10. In the week prior, US crude oil inventories rose...

Nearly $1 billion was bet on falling oil prices—just hours before the U.S. announced a ceasefire with Iran. That’s the trade now under scrutiny.U.S. Congressman Ritchie Torres pushed...

Oil market volatility is easing as traders adjust to geopolitical headlines, though prices still spike on major developments like failed U.S.–Iran talks and the Hormuz blockade. Despite calmer...

The International Energy Agency warns oil prices are set to rise further, as current futures fail to reflect the severity of supply disruptions. The Middle East war has slashed oil output by up to 13...

Brent crude prices will remain above $90 per barrel through the end of this year as the war continues to cut off supply from the Middle East, analysts at Australia-based bank ANZ said on Tuesday.The...

A peace deal in the Middle East is key to restoring global energy flows, and the sooner it could be achieved, the less negative economic impact it would have on the global economy, according to HSBC...

China’s natural gas imports dropped sharply in March amid the tanker traffic paralysis in the Middle East. Oil imports also fell on an annual basis, but were up in February.Natural gas imports...

Global oil supply has been cut by up to 11 million bpd due to the Middle East war, with disruptions likely to persist as ceasefire prospects fade. Even in a best-case scenario, restoring production...

Saudi Arabia is expected to ship in May halve the crude volumes to China it supplies in April as the Kingdom hiked its official selling prices while part of the supply is trapped in the Middle East...

Over the past month, Asia’s imports of LNG have plunged to their lowest level since the Covid pandemic crashed demand in June 2020, as the Middle East war trapped supply and pushed prices to...

Tankers in the Persian Gulf have started moving away from the Strait of Hormuz in anticipation of a U.S. naval blockade announced by President Donald Trump on Sunday.Citing data from Kpler and LSEG,...

The biggest oil producers in the Middle East are asking their Asian customers to submit cargo loading nominations for the export ports that require passage through the Strait of Hormuz, in a sign that...

Brent futures may have sunk below $100 per barrel after the U.S.-Iran ceasefire was announced, but constraints are intensifying amid the supply shock, with the physical price of a key North Sea blend...

The European Union bought 97% of the liquefied natural gas produced at Novatek’s Yamal LNG facility over the first quarter of the year, raising certain questions about the pending ban on all...