crude

Saudi Arabia announced on Sunday that its East-West pipeline has been fully restored to its peak throughput of roughly 7 million barrels daily, following damage inflicted on its energy infrastructure during the ongoing conflict with Iran. The restart lands as oil crashes after a U.S.-Iran ceasefire...

Brent crude oil prices are likely to stay above $100 per barrel for the rest of 2026 if the Strait of Hormuz stays shut for another month, Bloomberg reported on Thursday, citing a Goldman Sachs note. Analyst Daan Struyven stated that the “situation is fluid,” echoing Vice...

Dr Tyler Goodspeed, chief economist of ExxonMobil (NYSE:XOM) and the former chair of the Council of Economic Advisers in the first Trump administration, has provided an in-depth analysis of the historical causes of economic recessions. During an interview with MarketWatch, published on Sunday...

Amazon (NASDAQ:AMZN) has decided to impose a 3.5% “fuel and logistics-related surcharge” on third-party sellers availing its fulfillment services. The surcharge, which comes into effect on April 17, is Amazon’s response to the oil price surge triggered by the Iran war, now in...

On Sunday, Robin Brooks called for cutting off Iran's crude exports, arguing that letting oil revenue keep flowing to sanctioned governments has already prolonged war by leaving Russia's energy sales largely intact. His case lands as markets digest brent crude surge dynamics he has likened to the...

U.S. equities fell broadly Thursday as West Texas Intermediate crude surged to its highest level since January 2025, compounding inflation fears and driving Treasury yields sharply higher. WTI crude jumped 6.5% to $79.7 per barrel, its highest print since January 2025 and up roughly 18% for the...

Gold mining stocks have become one of the sharpest casualties of the war in Iran — and the move is catching many investors off-guard. The VanEck Gold Miners ETF (NYSE:GDX) has fallen roughly 10% over Monday and Tuesday trading, a striking decline given that the conflict has historically driven...

Drillers are packing up their gear, and investors should be paying attention, especially those invested in oil stocks. According to the latest Baker Hughes report, the number of international oil rigs (excluding North America) fell by six rigs in May to 653, marking the lowest count in two decades...

Oil prices are experiencing their fourth consecutive week of gains, driven by seasonal demand and record-breaking U.S. travel for the Fourth of July holiday. Additionally, crude has faced supply issues related to geopolitical tensions in the Middle East and disruptions from hurricanes in the...

While the investor spotlight remains fixated on tech and AI-related stocks, U.S. energy corporations have quietly embarked on a significant, albeit unnoticed, rally. The Energy Select Sector SPDR Fund (NYSE:XLE), a gauge for U.S. energy stocks, has posted a robust 16% rally from its January 2024...

The Group of Seven (G7) and its allies are working to disrupt Russia’s covert fleet of oil vessels, which the country has been using to bypass sanctions. The move is part of a broader strategy to limit Russia’s ability to trade its crude oil. What Happened: A senior official from the UK...

In a development that could have wider implications for the oil market, Saudi Arabia's state-owned Aramco has suspended its plan to boost its maximum crude production capacity. The decision comes against the backdrop of a shifting global landscape, with increasing concerns about the...

Could the price of oil potentially reach $100 per barrel? This question is currently at the forefront of investors’ minds in the current market landscape with WTI oil trading around $92 per barrel and Brent oil sailing above $95. This psychological milestone could be a cause for concern for a...

As crude oil prices surge, experts are starting to bet on a barrel of oil hitting the coveted $100 mark. Price premiums for physical oil barrels are skyrocketing across the globe, with supplies from various regions, including the Middle East, Azerbaijan, and Russia, commanding higher prices as...

A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on the way in. googletag.cmd.push(function() { var...